Form 990 for tax year 2022

Filed by MI FAMILIA VOTA EDUCATION FUND.

What the amendment changed

Compared with the return it replaced , filed 13 November 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue: $7,163,236 changed to $6,079,930
Total expenses: $5,177,883 changed to $5,190,400
Contributions and grants received: $7,466,755 changed to $6,383,449
Total assets, end of year: $9,352,343 changed to $9,364,072
Total liabilities, end of year: $1,736,209 changed to $2,845,772
Net assets or fund balances, end of year: $7,616,134 changed to $6,518,300
Program services expenses: $4,751,157 changed to $4,684,434
Management and general expenses: $278,930 changed to $361,475
Fundraising expenses: $147,796 changed to $144,491
Program service expenses (Part III): $4,751,157 changed to $4,684,434

Totals

Total revenue: $6,079,930
Total expenses: $5,190,400
Contributions and grants received: $6,383,449
Grants paid: $20,495
Program service revenue: $0
Investment income: -$303,519
Other revenue: $0
Total assets, end of year: $9,364,072
Total liabilities, end of year: $2,845,772
Net assets or fund balances, end of year: $6,518,300
Program services expenses (Part IX): $4,684,434
Management and general expenses: $361,475
Fundraising expenses: $144,491
Program service expenses (Part III): $4,684,434

Program services were 90.3% 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)

$312,400
1f · All other contributions, gifts and grants

$6,071,049
3 · Investment income

total $99,196 · excluded $99,196
7a · Gross sales of assets other than inventory

securities $6,842,707
7b · Less cost or other basis and sales expenses

securities $7,245,422
7c · Gain or loss

securities -$402,715
7d · Net gain or loss

total -$402,715 · excluded -$402,715

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $20,000 · program services $20,000
2 · Grants to domestic individuals

total $495 · program services $495
3 · Grants to foreign organizations and individuals

total $0
4 · Benefits paid to or for members

total $0
5 · Compensation of officers, directors and key employees

total $365,734 · program services $350,373 · management and general $6,985 · fundraising $8,376
6 · Compensation of disqualified persons

total $0
7 · Other salaries and wages

total $2,496,738 · program services $2,348,912 · management and general $63,860 · fundraising $83,966
8 · Pension plan contributions

total $0
9 · Other employee benefits

total $144,540 · program services $133,290 · management and general $6,883 · fundraising $4,367
10 · Payroll taxes

total $0
11a · Fees: management

total $0
11b · Fees: legal

total $58,209 · management and general $58,209
11c · Fees: accounting

total $18,544 · management and general $18,544
11d · Fees: lobbying

total $0
11f · Fees: investment management

total $36,114 · management and general $36,114
11g · Fees: other

total $825,346 · program services $806,442 · management and general $11,567 · fundraising $7,337
12 · Advertising and promotion

total $315,714 · program services $297,584 · management and general $1,444 · fundraising $16,686
13 · Office expenses

total $309,833 · program services $200,764 · management and general $100,580 · fundraising $8,489
14 · Information technology

total $50,448 · program services $46,521 · management and general $2,403 · fundraising $1,524
15 · Royalties

total $0
16 · Occupancy

total $166,219 · program services $152,780 · management and general $8,434 · fundraising $5,005
17 · Travel

total $196,917 · program services $151,462 · management and general $40,493 · fundraising $4,962
18 · Travel or entertainment for public officials

total $0
19 · Conferences, conventions and meetings

total $60,213 · program services $55,526 · management and general $2,868 · fundraising $1,819
20 · Interest

total $4,131 · program services $3,809 · management and general $197 · fundraising $125
21 · Payments to affiliates

total $0
22 · Depreciation, depletion and amortization

total $7,591 · program services $7,000 · management and general $362 · fundraising $229
23 · Insurance

total $50,769 · program services $46,817 · management and general $2,418 · fundraising $1,534
24a · Other expenses: PROGRAM MATERIALS SUPPLIES

total $60,454 · program services $60,454
24b · Other expenses: FOREIGN TAXES

total $2,391 · program services $2,205 · management and general $114 · fundraising $72
24e · All other expenses

total $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,400,382 · end of year $1,750,441
2 · Savings and temporary cash investments

beginning of year $822,960 · end of year $95,261
4 · Accounts receivable

beginning of year $435,261 · end of year $274,188
9 · Prepaid expenses and deferred charges

beginning of year $1,764 · end of year $19,703
10a · Land, buildings and equipment: cost or other basis

$14,235
10b · Land, buildings and equipment: accumulated depreciation

$7,005
10c · Land, buildings and equipment, net

beginning of year $5,543 · end of year $7,230
11 · Investments: publicly traded securities

beginning of year $7,403,327 · end of year $7,191,676
14 · Intangible assets

beginning of year $7,031 · end of year $20,634
15 · Other assets

end of year $4,939
17 · Accounts payable and accrued expenses

beginning of year $90,776 · end of year $24,493
22 · Loans and payables to officers and key people

beginning of year $2,129,281 · end of year $1,128,580
24 · Unsecured notes and loans payable

beginning of year $1,622,819 · end of year $1,668,875
25 · Other liabilities

beginning of year $7,820 · end of year $23,824
27 · Net assets without donor restrictions

beginning of year $6,075,572 · end of year $6,244,112
28 · Net assets with donor restrictions

beginning of year $150,000 · end of year $274,188

Mission and programs · 2022

Mission

MI FAMILIA VOTA EDUCATION FUND MFVEF UNITES LATINO, IMMIGRANT, AND ALLIED COMMUNITIES TO PROMOTE SOCIAL AND ECONOMIC JUSTICE THROUGH INCREASED CIVIC PARTICIPATION BY VOTING AND EDUCATION ON ISSUES FACING OUR COMMUNITIES. MFVEF FOCUSES PRIMARILY ON UNDERREPRESENTED AND LOW-INCOME COMMUNITIES.

Activities or mission (Part I)

UNITE LATINO, IMMIGRANT, AND ALLIED COMMUNITIES TO PROMOTE SOCIAL AND ECONOMIC JUSTICE THROUGH INCREASED CIVIC PARTICIPATION BY VOTING AND EDUCATION ON ISSUES FACING OUR COMMUNITIES.

WE HAD ANOTHER REMARKABLE YEAR OF BUILDING LATINO POLITICAL POWER IN 2022. WE EFFECTIVELY MOBILIZED LATINO VOTERS THROUGH OUR EDUCATION, ENGAGEMENT, AND ADVOCACY PROGRAMS. BY UNDERTAKING STRATEGIC AND ASSERTIVE CAMPAIGNS, WE ALSO DEFENDED THE DEMOCRATIC PROCESS, ENSURED LATINO REPRESENTATION, AND ADVANCED ISSUES THAT DIRECTLY AFFECT THE LATINO COMMUNITY. WITHIN OUR CORE STATES, WE CONTINUED TO FACE DIRECT ATTACKS ON THE DEMOCRATIC PROCESS. WE CONFRONTED A NUMBER OF EFFORTS TO MAKE ACCESS TO THE BALLOT DIFFICULT FOR MANY COMMUNITIES INCLUDING FOR LATINO VOTERS. MFVEF IS FOCUSED ON PREVENTING THE ADVANCEMENT OF ANY POLICIES DETRIMENTAL TO THE LATINO COMMUNITY. AS WE HAVE CONSISTENTLY DONE YEAR AFTER YEAR, MFVEF AGAIN YIELDED HIGH VOLUMES OF VOTER REGISTRATION APPLICATIONS FROM THE LATINO COMMUNITY IN 2022. THROUGH OUR CONTINUOUS AND STRATEGIC OUTREACH, WE EDUCATED ELIGIBLE LATINOS ON THE REGISTRATION PROCESS, TIMELINE, AND NEXT STEPS EVERY YEAR. STATS 84K HOMES VISITED, 436K PHONE CALLS, 159K TEXT MESSAGES, 151K MAILERS, AND 282K SOCIAL MEDIA REACH.

Expenses $4,684,434 · Grants $20,495

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

HECTOR SANCHEZ BARBA

EXECUTIVE DIRECTOR CEO

Total calculated

$258,162

From this org

$142,234

From related orgs

$94,823

Other

$21,105

Hours/week

28 + 12 related

Schedule J breakdown matched by us

Base

$135,034 + $90,023 related

Bonus

$7,200 + $4,800 related

Other

not reported

Deferred

$8,297 + $3,353 related

Nontaxable benefits

$6,619 + $2,837 related

Filer's total

$157,150 + $101,013 related
PAUL EDMEIER

CHIEF FINANCIAL OFFICER

Total calculated

$156,000

From this org

$109,200

From related orgs

$46,800

Other

$0

Hours/week

28 + 12 related

Schedule J breakdown matched by us

Base

$109,200 + $46,800 related

Bonus

not reported

Other

not reported

Deferred

not reported

Nontaxable benefits

not reported

Filer's total

$109,200 + $46,800 related
CARLOS DUARTE

CHIEF DEVELOPMENT OFFICER

Total calculated

$152,505

From this org

$74,536

From related orgs

$49,691

Other

$28,278

Hours/week

28 + 12 related
KARINA FELIX

CHIEF FINANCIAL OFFICER UNTIL 2/2/22

Total calculated

$8,250

From this org

$4,950

From related orgs

$3,300

Other

$0

Hours/week

28 + 12 related
MARCELO GAETE

PRESIDENT

Total calculated

$0

Hours/week

2 + 2 related
DR GABRIELA LEMUS

SECRETARY

Total calculated

$0

Hours/week

2 + 2 related
GILBERTO OCANAS

TREASURER

Total calculated

$0

Hours/week

2
MARIA ECHAVESTE

DIRECTOR

Total calculated

$0

Hours/week

2 + 2 related
EFRAIN ESCOBEDO

DIRECTOR

Total calculated

$0

Hours/week

2
HEIDY PINEDA

DIRECTOR

Total calculated

$0

Hours/week

2

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

3 · Compensation committee
3 · Independent compensation consultant
3 · Approval by the board or compensation committee
7 · Other non-fixed payments

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I Line 7: THE BOARD APPROVED YEAR-END BONUSES FOR OFFICERS FOR 2022. THE EXECUTIVE DIRECTOR RECEIVED 12,000.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Clean and Prosperous America

$20,000

Nonpartisan civic engagement

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Mi Familia Vota

501c4 · Civic Engagement · TX

Provenance

Return type: form_990
Tax year: 2022
Filed: 15 November 2024
IRS schema version: 2022v5.0
Source object: 202403319349301525

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