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Nonprofiteer
← LATINO ACTION NETWORK FOUNDATION INC

Form 990 for tax year 2023

Filed by LATINO ACTION NETWORK FOUNDATION INC.

Totals

Total revenue
$4,787,192
Total expenses
$4,675,796
Contributions and grants received
$4,787,192
Grants paid
$3,917,968
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$401,788
Total liabilities, end of year
$9,971
Net assets or fund balances, end of year
$391,817
Program services expenses (Part IX)
$4,600,388
Management and general expenses
$75,408
Fundraising expenses
$0
Program service expenses (Part III)
$4,600,388

Program services were 98.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $4,390,000

  • 1f · All other contributions, gifts and grants

    $397,192

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,917,968 · program services $3,917,968

  • 4 · Benefits paid to or for members

    total $8,708 · program services $8,708

  • 5 · Compensation of officers, directors and key employees

    total $120,107 · program services $96,086 · management and general $24,021

  • 7 · Other salaries and wages

    total $347,861 · program services $347,861

  • 10 · Payroll taxes

    total $43,731 · program services $43,731

  • 11a · Fees: management

    total $67,000 · program services $53,600 · management and general $13,400

  • 11c · Fees: accounting

    total $41,894 · program services $10,150 · management and general $31,744

  • 12 · Advertising and promotion

    total $24,018 · program services $24,018

  • 13 · Office expenses

    total $31,215 · program services $24,972 · management and general $6,243

  • 14 · Information technology

    total $13,924 · program services $13,924

  • 17 · Travel

    total $34,228 · program services $34,228

  • 23 · Insurance

    total $5,419 · program services $5,419

  • 24a · Other expenses: Payroll Proc

    total $6,756 · program services $6,756

  • 24b · Other expenses: Events

    total $12,967 · program services $12,967

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $283,906 · end of year $211,788

  • 3 · Pledges and grants receivable

    beginning of year $32,833 · end of year $190,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,485 · end of year $9,971

  • 27 · Net assets without donor restrictions

    beginning of year $301,254 · end of year $391,817

Mission and programs · 2023

Mission

Latino Action Network is organized for charitable, scientific, and educational purposes to advance the equitable inclusion of Latino communities in all facets of American society.

  • Latino Action Network is organized for charitable scientific and educational purposes to advance the equitable inclusion of Latino communities in all facets of American society. LANF directly, or through contracts with agencies serving Latina/Hispanic women utilizes funds in support of Hispanic Womens Demonstration resource centers. These centers enhance the employability of Hispanic women. The centers and programs emphasize activities which provide training and other employment related services which are designed to enhance employability and earnings of Hispanic women and impact on the quality of their lives and those of their families. The centers and programs shall identify existing job opportunities for women and assist those women who utilize the centers in obtaining employment.

    Expenses $4,600,388 · Grants $3,917,968 · Revenue $4,787,192

As filed on the 2023 return.

Listed in Part VII

  • Dr Jessely De La Cruz

    Executive Director

    Total calculated
    $120,107
    From this org
    $120,107
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Don Cruz

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Alieen Merino

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Gloria Lopez

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Frank Argote-Freyre

    Chairman

    Total calculated
    $0
    Hours/week
    0.5

  • Ricardo Martinez

    Board Treasurer

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v6.0
Source object
202501329349305885

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