Latino Founders
- Assets
- $195.9k
- Revenue
- $271.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukie, OR
- Founding
- Data as of
- 12/2023
- EIN
- 92-3521165
Organization Overview
Latino Founders is located in Milwaukie, OR. Latino Founders is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO STIMULATE THE DEVELOPMENT OF BUSINESSES AND ENTREPRENEURIAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LATINO FOUNDERS IS AN INDUSTRY-AGNOSTIC ACCELERATOR PROGRAM IS DESIGNED TO WORK WITH 100 LATINO ENTREPRENEURS LOOKING TO SCALE THEIR EXISTING OPERATIONS AND HELP THEM SCALE TO ACHIEVE ONE MILLION DOLLARS IN ANNUAL REVENUE IN 5 YEARS, DURING THE DURATION OF THE PROGRAM THEY WILL RECEIVE ACCESS TO MENTORS WITH INDUSTRY EXPERIENCE AND EXPLORE THE DIFFERENT INSTRUMENTS TO RAISE CAPITAL.ENTREPRENEURS PARTICIPATE IN A 10-WEEK ACCELERATOR PROGRAM, WHERE THEY LEARN BUSINESS MODELING, FINANCE, AND PROTOTYPING AND GET PAIRED UP WITH HAND-SELECTED MENTORS AND RESOURCES TO HELP THEM LAUNCH AND SCALE THEIR BUSINESSES.
PITCH LATINO IS A CELEBRATION OF LATINO ENTREPRENEURS WHO ARE GROWING AND SCALING THEIR BUSINESSES IN OUR COMMUNITIES. IT SHOWCASES THE EXISTING TALENT AROUND US AND THE POSITIVE ECONOMIC IMPACT THEY ARE HAVING ON OUR REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gabriel Flores President | OfficerTrustee | 5 | $0 |
Edgar Navas Treasurer | OfficerTrustee | 5 | $0 |
Juan Barraza Secretary | OfficerTrustee | 5 | $0 |
Yesenia Gallardo Director | Trustee | 1 | $0 |
Julie Preciado Director | Trustee | 1 | $0 |
Veronica Yanhs Director | Trustee | 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 | $265,042 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $265,042 |
| Total Program Service Revenue | $6,538 |
| Investment income | $0 |
| 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 | $271,580 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| Grants and other assistance to domestic individuals. | $17,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $750 |
| Fees for services: Accounting | $22,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,201 |
| Advertising and promotion | $1,889 |
| Office expenses | $50 |
| Information technology | $2,597 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,118 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,604 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $113 |
| All other expenses | $0 |
| Total functional expenses | $75,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,960 |
| Savings and temporary cash investments | $250 |
| Pledges and grants receivable | $42,500 |
| 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 | $1,236 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $195,946 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $110,277 |
| Net assets with donor restrictions | $85,669 |
| 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 | $195,946 |