Latino Community Fund Inc
- Assets
- $2.6m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 17
- Location
- Atlanta, GA
- Founding
- 07/2017
- Data as of
- 12/2023
- EIN
- 82-0911954
Organization Overview
Latino Community Fund Inc is located in Atlanta, GA. The organization was established in 2017. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Latino Community Fund Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latino Community Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Latino Community Fund Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 58.1% each year . All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 59.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Latino Community Fund Inc has awarded 126 individual grants totaling $3,099,501. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE A CATALYST FOR INVESTMENT, COLLABORATIVE WORK, AND POSITIVE NARRATIVE FOR THE LATINX/HISPANIC COMMUNITY IN GEORGIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
**EXPANDING PEOPLE'S DEMOCRACY THROUGH ADVOCACY, CIVIC PARTICIPATION, AND COALITION BUILDING.WE PROMOTE, SUPPORT AND INVEST IN CIVIC PARTICIPATION TO CHAMPION COMMUNITY ISSUES AND INCREASE REPRESENTATION AND VISIBILITY OF OUR COMMUNITY AND CONTRIBUTORS.FORM AND SUPPORT POLICIES THAT CREATE OPPORTUNITIES FOR LATIN-X FAMILIES, PARENTS, WORKERS, ENTREPRENEURS, STUDENTS, AND CHILDREN.ORGANIZER AND FUND LATINOS FOR DEMOCRACY, A NON-PARTISAN COLLABORATIVE VOTER MOBILIZATION EFFORT AIMING TO INCREASE VOTER TURNOUT OF THE LATIN-X COMMUNITY IN GEORGIA.ORGANIZE NON-PARTISAN VOTER PROTECTION AND EDUCATION EFFORTS.CONDUCT RESEARCH AND CONSOLIDATE VITAL INFORMATION ABOUT CULTURALLY APPROPRIATE AND BILINGUAL SERVICES AVAILABLE TO THE LATIN-X COMMUNITY IN GEORGIA.
**PROTECTING, DEFENDING, AND BUILDING COMMUNITY THROUGH EDUCATIONAL OPPORTUNITIES THAT PROVIDE FREE OR LOW-COST TECHNICAL ASSISTANCE TO GRASSROOTS ORGANIZATIONS TO STRENGTHEN THEIR FINANCIAL SUSTAINABILITY, GOVERNANCE, AND IMPACT. OVER 150 ORGANIZATIONAL LEADERS TRAINED IN 2023 WITH THE STATE OF LATINO HEALTH IN GEORGIA.RESPOND TO THE NEED FOR UNDERSTANDING, NAVIGATIONS, AND REFERRALS OF HEALTH AND SAFETY NEED SYSTEMS THROUGH OUTREACH AND NAVIGATION TEAM MEMBERS.LEAD AND FUND THE "VENTANILLA DE SALUD" PROGRAM BASED AT THE MEXICAN CONSULATE DIRECTLY SERVING OVER 9,000 INDIVIDUALS PER YEAR WITH FREE HEALTH SCREENINGS, IMMUNIZATIONS, AND HEALTH EDUCATION THROUGH VARIOUS PARTNERSHIPS AND COLLABORATIONS.
**FACILITATING ECONOMIC OPPORTUNITY AND CATALYZING DIRECT INVESTMENTS WE PROVIDE:. EDUCATIONAL GRANTS AND SCHOLARSHIPS.. MICRO-GRANTS FOR SMALL ENTREPRENEURS.. FINANCIAL ASSISTANCE FOR NATURALIZATION AND DACA RENEWALS AND APPLICATIONS THROUGH MEMBER AGENCIES AND PARTNERS.. OPERATIONAL, CAPACITY BUILDING, AND PROGRAMMATIC EFFORTS.. RESPOND TO THE IMMEDIATE NEEDS OF THE LATIN-X COMMUNITY THROUGH EMERGENCY FUNDS FOR INDIVIDUALS AND FAMILIES FOR COVID-19 RELIEF, MEDICAL BILLS, DISASTER RELIEF, RENTAL ASSISTANCE, AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gilda Pedraza Executive Dir. | Officer | 55 | $138,308 |
Daniela Demaria Chairman | OfficerTrustee | 5 | $0 |
Omar Esposito Vice Chair | OfficerTrustee | 3 | $0 |
Lauren Waits Treasurer | OfficerTrustee | 3 | $0 |
Luis Avila Secretary | OfficerTrustee | 3 | $0 |
Lillian Rodriguez-Lopez Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,438,863 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,438,863 |
| Total Program Service Revenue | $226,928 |
| Investment income | $6,982 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,672,773 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $265,260 |
| Grants and other assistance to domestic individuals. | $53,488 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $152,054 |
| Compensation of current officers, directors, key employees. | $7,603 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $989,550 |
| Pension plan accruals and contributions | $10,833 |
| Other employee benefits | $45,175 |
| Payroll taxes | $55,957 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $52,684 |
| Office expenses | $180,227 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $112,425 |
| Travel | $43,249 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,122 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,204 |
| Insurance | $10,055 |
| All other expenses | $0 |
| Total functional expenses | $2,123,628 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,052,009 |
| Savings and temporary cash investments | $723,013 |
| Pledges and grants receivable | $658,184 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,929 |
| Net Land, buildings, and equipment | $12,266 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $91,353 |
| Total assets | $2,559,754 |
| Accounts payable and accrued expenses | $55,323 |
| Grants payable | $0 |
| Deferred revenue | $78,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $90,734 |
| Total liabilities | $224,557 |
| Net assets without donor restrictions | $974,684 |
| Net assets with donor restrictions | $1,360,513 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,559,754 |
Grants Awarded
Over the last fiscal year, Latino Community Fund Inc has awarded $224,910 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
ATHENAS WAREHOUSE PURPOSE: Program Grants / Capacity Buildi | $7,000 |
ARTE GA INC PURPOSE: Program Grants / Capacity Buildi | $15,060 |
COALITION OF LIDERES LATINOS PURPOSE: Program Grants / Capacity Buildi | $46,300 |
DIGNIDAD INMIGRANTE EN ATHENS PURPOSE: Program Grants / Capacity Buildi | $9,700 |
GA FAMILIAS UNIDAS PURPOSE: Program Grants / Capacity Buildi | $6,000 |
GA HISPANIC CHAMBER OF COMMER PURPOSE: CIVIC ENGAGEMENT & ADVOCACY | $12,750 |