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Nonprofiteer
← FUNDACION CENTRO LATINO INC

Form 990 for tax year 2022

Filed by FUNDACION CENTRO LATINO INC.

Totals

Total revenue
$1,336,554
Total expenses
$12,308
Contributions and grants received
$1,500,000
Grants paid
$0
Program service revenue
$0
Investment income
-$163,446
Other revenue
$0
Total assets, end of year
$1,336,554
Total liabilities, end of year
$12,308
Net assets or fund balances, end of year
$1,324,246
Program services expenses (Part IX)
$0
Management and general expenses
$12,308
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% 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.

  • 1d · Related organizations

    $1,500,000

  • 3 · Investment income

    total -$163,446 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $11,036 · program services $0 · management and general $11,036 · fundraising $0

  • 24a · Other expenses: LICENSES AND PERMITS

    total $697 · program services $0 · management and general $697 · fundraising $0

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $575 · program services $0 · management and general $575 · fundraising $0

Balance sheet

Part X, book values.

  • 12 · Investments: other securities

    end of year $1,336,554

  • 17 · Accounts payable and accrued expenses

    end of year $12,308

  • 27 · Net assets without donor restrictions

    end of year $1,324,246

Mission and programs · 2022

Mission

FOR THE BENEFIT OF,TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE LATIN AMERICAN COMMUNITY CENTER, INC., A DELAWARE NONPROFIT,NONSTOCK CORPORATION.

  • THE FOUNDATION HAS NO OPERATIONS DURING 2023. THERE WERE NO DISTRIBUTIONS MADE TO THE LATIN AMERICAN COMMUNITY CENTER.

As filed on the 2022 return.

Listed in Part VII

  • John Morton

    CHAIRMAN AND CEO

    Total calculated
    $0
    Hours/week
    1

  • Jose Lopez

    BOARD MEMBER

    Total calculated
    $0

  • Fred Sears

    SECRETARY, BOARD MEMBER

    Total calculated
    $0

  • Emilio Rana

    TREASURER AND CFO

    Total calculated
    $0

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.

Provenance

Return type
form_990
Tax year
2022
Filed
9 April 2023
IRS schema version
2022v5.0
Source object
202323189349318087

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