Latinas In Tech Inc
- Assets
- $1.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 11
- Location
- Moraga, CA
- Founding
- 08/2019
- Data as of
- 12/2023
- EIN
- 83-1493724
Organization Overview
Latinas In Tech Inc is located in Moraga, CA. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Latinas In Tech Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latinas In Tech 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, Latinas In Tech Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 64.5% each year . All expenses for the organization totaled $2.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO PROMOTE AND SUPPORT LATINAS WORKING IN TECHNOLOGY IN THE UNITED STATES AND ABROAD THROUGH REGULAR MEET-UPS, SUMMITS, MENTORING SESSIONS AND OTHER EDUCATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL SUMMIT & WORKSHOP, SEMINARS AND MEET UPS: ANNUAL SUMMIT & WORKSHOP SEMINARS AND MEET UPS, WHICH UNITE LATINA WITH TECH TOP TALENT TO PROMOTE LATINAS IN TECH'S MISSION OF SUPPORTING LATINAS WORKING IN TECHNOLOGY. THE EVENT HAD 1800 PARTICIPANTS, 42 SPEAKERS, AND 60 SPONSORS AND COMMUNITY PARTNERS. LIT ALSO HOSTED OVER 170 MEETUPS AND DEVELOPED NEWLY PILOTS FOR PROFESSIONAL DEVELOPMENT AND MENTORING PROGRAMS TO FURTHER SUPPORT THE CAREERS OF LATINX WOMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rocio Van Nierop CEO | Officer | 2 | $149,957 |
Mayra Montano Treasurer | Officer | 2 | $70,526 |
Larissa Prairie President (until June 2023) | Officer | 2 | $51,285 |
Rachel Ten Brink President (from June 2023) | OfficerTrustee | 2 | $0 |
Rose Hartwig Board Member | Trustee | 2 | $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 | $160,261 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $160,261 |
| Total Program Service Revenue | $1,765,192 |
| Investment income | $6,653 |
| 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 | -$4,404 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,927,702 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $40,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $20,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $271,767 |
| Compensation of current officers, directors, key employees. | $70,851 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $625,930 |
| Pension plan accruals and contributions | $31,398 |
| Other employee benefits | $91,476 |
| Payroll taxes | $65,335 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $73,412 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $369,788 |
| Advertising and promotion | $6,847 |
| Office expenses | $52,248 |
| Information technology | $36,993 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $125,636 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,429 |
| Interest | $1,958 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,132 |
| Insurance | $1,709 |
| All other expenses | $0 |
| Total functional expenses | $2,000,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,532,148 |
| Savings and temporary cash investments | $26 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $90,224 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,231 |
| Prepaid expenses and deferred charges | $68,261 |
| Net Land, buildings, and equipment | $9,372 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,719,262 |
| Accounts payable and accrued expenses | $27,193 |
| Grants payable | $0 |
| Deferred revenue | $247,002 |
| 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 | $80,240 |
| Other liabilities | $0 |
| Total liabilities | $354,435 |
| Net assets without donor restrictions | $1,314,827 |
| Net assets with donor restrictions | $50,000 |
| 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 | $1,719,262 |
Grants Awarded
Over the last fiscal year, Latinas In Tech Inc has awarded $43,598 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SORTILE INC PURPOSE: 1ST PLACE STARTUP COMPETITION WINNER | $20,000 |
PANCAKE LIVE INC PURPOSE: 2ND PLACE STARTUP COMPETITION WINNER | $10,000 |
VOICES OF CHILDREN PURPOSE: GENERAL SUPPORT | $6,799 |
WORLD CENTRAL KITCHEN INC PURPOSE: GENERAL SUPPORT | $6,799 |