Latino Community Foundation Of Colorado Inc is located in Denver, CO. The organization was established in 2019. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Latino Community Foundation Of Colorado Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latino Community Foundation Of Colorado 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 12/2022, Latino Community Foundation Of Colorado Inc generated $8.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $2.6m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Latino Community Foundation Of Colorado Inc has awarded 112 individual grants totaling $2,304,296. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S MISSION IS TO WORK HAND IN HAND WITH OUR DIVERSE COMMUNITIES TO CREATE CULTURALLY RESPONSIVE STRATEGIES THAT BUILD INFLUENCE, EQUITY AND OPPORTUNITY FOR ALL LATINO COLORADANS. THE FOUNDATION'S VISION IS A COLORADO WHERE LATINOS ARE UNITED AND ADVANCING THEIR COLLECTIVE POWER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADELANTE COLORADO: ADELANTE COLORADO IS DEDICATED TO BUILDING THE CAPACITIES OF LATINO-LED AND SERVING NONPROFITS AND LEADERS IN COLORADO. THROUGH A CULTURALLY GROUNDED PROCESS, 22 ESTABLISHED NONPROFIT ORGANIZATIONS WERE SELECTED AS THE MEMBERS OF THE THREE-YEAR ADELANTE COLORADO COHORT. IN 2022, THE ADELANTE COLORADO CAPACITY-BUILDING PROGRAM DISTRIBUTED OVER $330,000 TO 17 PARTNER ORGANIZATIONS FOR PHASE TWO OF THEIR WORK THAT WAS USED TO ENGAGE EXECUTIVE COACHES, HIRE NEW STAFF OR INCREASE HOURS, AND DEVELOP STRATEGIC PLANS. INTERNAL ASSESSMENTS HAVE HELPED TO IDENTIFY AREAS OF GREATEST NEED AND FOCUS CAPACITY-BUILDING EFFORTS. THESE ASSESSMENTS ARE ALSO USEFUL TO PLAN FOR THE FINAL PHASE OF ADELANTE FUNDING. AN ADDITIONAL $273,320 WAS DISTRIBUTED TO FOUR ORGANIZATIONS TO BEGIN PHASE 3 OF THEIR CAPACITY BUILDING WORK. CAPACITY BUILDING FUNDS ARE BEING USED TO PAY FOR NEW AND EXISTING STAFF AND SUPPORT ORGANIZATIONAL GROWTH.REGIONAL COMMUNITY INVESTMENTS SAN LUIS VALLEY: GUIDED BY THE PRINCIPLE THAT AUTHENTIC CHANGE BEGINS WITHIN COMMUNITIES, OUR REGIONAL COMMUNITY INVESTMENTS (RCI) CENTERS COMMUNITY LEADERS' SOVEREIGNTY AND AGENCY IN DETERMINING THE BEST PATHWAYS FOR IMPROVING THE LIVES OF LATINOS IN THEIR COMMUNITIES. THE LCFC PROVIDES GUIDED ASSISTANCE THROUGH TECHNICAL ASSISTANCE, COACHING, MENTORING, FACILITATED CONVERSATIONS, TIMELINE IMPLEMENTATION, AND TRAINING ON HARD SKILLS. DECEMBER 2022 MARKED THE END OF YEAR ONE OF A 16-MONTH PLANNING PROCESS THAT THE LCFC IS FACILITATING/MANAGING FOR THE SOUL PLAYERS OF THE VALLEY THAT WILL CULMINATE IN FOUR INCLUSIVE ECONOMIC RECOVERY PLANS FOR THE COMMUNITIES OF SAN LUIS, ANTONITO, CAPULIN AND ALAMOSA. LCFC HAS HELPED SECURE PLANNING FUNDS TO SUPPORT THIS COMMUNITY LED PLANNING PROCESS. EACH SOUL PLAYERS OF THE VALLEY COMMUNITY CONTINUES TO WORK INDEPENDENTLY AND COLLECTIVELY TO FORMULATE INDIVIDUALIZED PLANS FOR THEIR RESPECTIVE COMMUNITIES. ONCE COMPLETED, EACH COMMUNITY WILL HAVE A ROAD MAP FOR REVITALIZING THEIR COMMUNITY.COMMUNITIES LEAD, COMMUNITIES THRIVE COALITION: BECAUSE NONPROFITS OF COLOR AND LGBTQ+ ORGANIZATIONS PLAY AN IMPORTANT ROLE IN DELIVERING SOCIAL SERVICES TO THOSE IN NEED AND ARE ECONOMIC DRIVERS FOR OUR COMMUNITIES, THE LCFC ESTABLISHED THE COALITION TO HELP DRIVE FINANCIAL CAPACITY BUILDING RESOURCES TO THESE COMMUNITIES. CAPACITY-BUILDING RESOURCES FOR THESE NONPROFITS ARE CRITICAL NEED TO INCREASE LOCAL NONPROFIT ORGANIZATIONS EFFECTIVENESS AND ABILITY TO REACH COMMUNITIES STRUGGLING TO RECOVER FROM COVID-19. THE LCFC MANAGEMENT OF THE COALITION HELPS TO ADDRESS THE NEEDS OF THESE NONPROFITS SO THAT THEY CAN CONTINUE TO DIRECTLY ASSIST COMMUNITIES DISPROPORTIONATELY IMPACTED BY THE PANDEMIC. IN 2022, THE COALITIONS WAS ABLE TO HAVE $35 MILLION EARMARKED FOR A FUND TO ENSURE THAT THE NON-PROFIT ORGANIZATIONS WHO SERVE THESE COMMUNITIES HAVE THE FUNDING NECESSARY TO DO THIS IMPORTANT WORK AS A TRUSTED RESOURCE FOR TRADITIONALLY UNDERSERVED COMMUNITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Carlos Martinez President & CEO | Officer | 40 | $210,000 |
Gloria Schoch Board Member | Trustee | 2 | $0 |
Midy Aponte Secretary | OfficerTrustee | 2 | $0 |
Yesenia Arreola Board Member | Trustee | 2 | $0 |
Eric Ishiwata Board Member | Trustee | 2 | $0 |
Debora Ortega Board Member | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $25,561 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $8,322,368 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $8,347,929 |
Total Program Service Revenue | $55,000 |
Investment income | $7,148 |
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 | $8,410,077 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $700,398 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $215,652 |
Compensation of current officers, directors, key employees. | $60,383 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $460,712 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $69,132 |
Payroll taxes | $49,511 |
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 | $633,855 |
Advertising and promotion | $0 |
Office expenses | $68,430 |
Information technology | $54,320 |
Royalties | $0 |
Occupancy | $41,721 |
Travel | $39,011 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $162,854 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,327 |
Insurance | $4,903 |
All other expenses | $0 |
Total functional expenses | $2,617,956 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $10,809,654 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $2,039,046 |
Accounts receivable, net | $635,242 |
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 | $3,900 |
Net Land, buildings, and equipment | $1,325 |
Investments—publicly traded securities | $0 |
Investments—other securities | $129,840 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $37,877 |
Total assets | $13,656,884 |
Accounts payable and accrued expenses | $54,187 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $1,037,877 |
Total liabilities | $1,092,064 |
Net assets without donor restrictions | $2,564,497 |
Net assets with donor restrictions | $10,000,323 |
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 | $13,656,884 |
Over the last fiscal year, Latino Community Foundation Of Colorado Inc has awarded $689,798 in support to 22 organizations.
Grant Recipient | Amount |
---|---|
ADELANTE COMMUNITY DEVELOPMEN PURPOSE: GENERAL OPERATING | $68,000 |
ADVOCATES AGAINST DOMESTIC AS PURPOSE: GENERAL OPERATING | $7,000 |
BUCU WEST PURPOSE: GENERAL OPERATING | $18,750 |
CENTER FOR COMMUNITY WEALTH B PURPOSE: GENERAL OPERATING | $22,500 |
CO CHANGEMAKERS COLLECTIVE PURPOSE: GENERAL OPERATING | $14,600 |
COLOR COLORADO ORGANIZATION PURPOSE: GENERAL OPERATING | $37,500 |