Totals
- Total revenue
- $945,939
- Total expenses
- $413,211
- Contributions and grants received
- $861,484
- Grants paid
- $0
- Program service revenue
- $57,607
- Investment income
- $26,848
- Other revenue
- $0
- Total assets, end of year
- $1,787,543
- Total liabilities, end of year
- $222,202
- Net assets or fund balances, end of year
- $1,565,341
- Program services expenses (Part IX)
- $241,592
- Management and general expenses
- $135,418
- Fundraising expenses
- $36,201
- Program service expenses (Part III)
- $241,592
Program services were 58.5% 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.
-
1f · All other contributions, gifts and grants
$861,484
-
1g · Noncash contributions included above
$16,373
-
2a · Program service revenue: CONSULTING PROGRAM
total $52,807 · related or exempt $52,807
-
2b · Program service revenue: LOAN ORIGINATION FEE
total $4,800 · related or exempt $4,800
-
3 · Investment income
total $26,848 · excluded $26,848
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $112,167 · program services $63,558 · management and general $20,158 · fundraising $28,451
-
9 · Other employee benefits
total $21,664 · program services $13,523 · management and general $2,913 · fundraising $5,228
-
10 · Payroll taxes
total $8,421 · program services $5,034 · management and general $1,129 · fundraising $2,258
-
11b · Fees: legal
total $16,096 · program services $1,186 · management and general $14,910
-
11c · Fees: accounting
total $34,800 · program services $7,815 · management and general $26,985
-
11g · Fees: other
total $1,155 · management and general $1,155
-
12 · Advertising and promotion
total $15,074 · management and general $15,074
-
13 · Office expenses
total $6,974 · program services $1,043 · management and general $5,691 · fundraising $240
-
17 · Travel
total $14,348 · program services $118 · management and general $14,230
-
24a · Other expenses: BAD DEBT EXPENSE
total $134,558 · program services $134,558
-
24b · Other expenses: MICRO LOAN CONTRACTORS
total $18,000 · program services $5,200 · management and general $12,800
-
24c · Other expenses: CONTRACT LABOR
total $16,200 · management and general $16,200
-
24d · Other expenses: MEALS
total $7,532 · program services $3,918 · management and general $3,590 · fundraising $24
-
24e · All other expenses
total $6,222 · program services $5,639 · management and general $583
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $802,579 · end of year $1,142,191
-
4 · Accounts receivable
beginning of year $336,464 · end of year $64,789
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $579,554
-
9 · Prepaid expenses and deferred charges
beginning of year $230 · end of year $1,009
-
15 · Other assets
beginning of year $52,403 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $3,569 · end of year $8,286
-
18 · Grants payable
beginning of year $99,068 · end of year $213,916
-
29 · Capital stock, trust principal or current funds
beginning of year $1,089,039 · end of year $1,565,341
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
OUR MISSION IS TO SUPPORT ENTREPRENEURS AND SMALL BUSINESSES IN THETULSA AREA IN BUILDING PROSPERITY, COMMUNITY OWNERSHIP, AND CIVICPOWER.
Activities or mission (Part I)
OUR MISSION IS TO SUPPORT ENTREPRENEURS AND SMALL BUSINESSES IN THETULSA AREA IN BUILDING PROSPERITY, COMMUNITY OWNERSHIP, AND CIVICPOWER
-
MI GENTE: ITS PRIMARY MISSION IS TO CREATE ACCESS TO MICROBUSINESS LOANS AND TECHNICAL ASSISTANCE FOR NEW OR EMERGING SMALL BUSINESSES IN LMI/IA COMMUNITIES IN THE TULSA AREA.
Expenses $168,641 · Grants $590,000
-
TECHNICAL PROGRAM: PROVIDES EDUCATION THROUGH OUR MONTHLY WORKSHOPS TO HELP ENTREPRENEURS DEVELOP THEIR SKILLS IN DIFFERENT AREAS, REGISTRATION, BUSINESS FINANCIALS, LENDING, MARKETING AND MORE.
Expenses $40,407 · Revenue $30,000
-
NETWORKING PROGRAM: CREATES OPPORTUNITIES FOR SMALL BUSINESSES TO CONNECT, SHARE EXPERIENCES, AND LEARN FROM OTHER BUSINESSES IN DIFFERENT EVENTS.
Expenses $32,544
As filed on the 2023 return.
Listed in Part VII
-
Francisco IbarraFRANCISCO IBARRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Luisa KrugLUISA KRUG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Katia AnayaKATIA ANAYA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Damien OchoaDAMIEN OCHOA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maria AlmeidaMARIA ALMEIDA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Onelia Macchia AnzolaONELIA MACCHIA ANZOLA
EXECUTIVE DIRECTOR
- Total calculated
- $99,414
- From this org
- $0
- From related orgs
- $0
- Other
- $99,414
- Hours/week
- 40
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
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
MI GENTE LOAN FUNDS LLC
MICRO LOAN CONTRACTS · OK · income $31,648 · assets $1,553,001
Directly controlled by AVANZANDO JUNTOS CORPORATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521359349303497
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