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Nonprofiteer
← GALEO LATINO COMMUNITY DEVELOPMENT FUND INC

Form 990 for tax year 2023

Filed by GALEO LATINO COMMUNITY DEVELOPMENT FUND INC.

Totals

Total revenue
$1,867,943
Total expenses
$2,026,738
Contributions and grants received
$1,842,253
Grants paid
$0
Program service revenue
$0
Investment income
$25,690
Other revenue
$0
Total assets, end of year
$1,855,668
Total liabilities, end of year
$149,898
Net assets or fund balances, end of year
$1,705,770
Program services expenses (Part IX)
$1,664,176
Management and general expenses
$203,852
Fundraising expenses
$158,710
Program service expenses (Part III)
$1,664,176

Program services were 82.1% 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

    $156,173

  • 1f · All other contributions, gifts and grants

    $1,686,080

  • 3 · Investment income

    total $25,690 · related or exempt $25,690

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $99,057 · program services $84,198 · management and general $4,953 · fundraising $9,906

  • 7 · Other salaries and wages

    total $1,425,674 · program services $1,211,823 · management and general $71,284 · fundraising $142,567

  • 11c · Fees: accounting

    total $101,661 · program services $23,382 · management and general $78,279

  • 12 · Advertising and promotion

    total $63,964 · program services $54,370 · management and general $6,396 · fundraising $3,198

  • 13 · Office expenses

    total $58,386 · program services $23,938 · management and general $34,448

  • 16 · Occupancy

    total $60,789 · program services $51,671 · management and general $6,079 · fundraising $3,039

  • 17 · Travel

    total $58,001 · program services $57,711 · management and general $290

  • 23 · Insurance

    total $14,152 · program services $12,029 · management and general $2,123

  • 24a · Other expenses: PROGRAM OPERATIONS

    total $145,054 · program services $145,054

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,039,150 · end of year $1,855,668

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,413 · end of year $7,265

  • 25 · Other liabilities

    beginning of year $170,910 · end of year $142,633

  • 27 · Net assets without donor restrictions

    beginning of year $1,863,827 · end of year $1,705,770

Mission and programs · 2023

Mission

SEE SCHEDULE O

  • LATINO LEADERSHIP DEVELOPMENT

    Expenses $1,664,176

  • CIVIC ENGAGEMENT, VOER REGISTRATION, VOTING RIGHTS, BIPOC ISSUES

As filed on the 2023 return.

Listed in Part VII

  • Gerardo Gonzal

    CEO

    Total calculated
    $133,028
    From this org
    $133,028
    From related orgs
    $0
    Other
    $0
    Hours/week
    20

  • Art Gambill

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey Ellman

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Adriana Varela

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Sarah Lopez

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Jason Esteves

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Evelyn Woodson

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Leonard Gomez

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kyle Murphy

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Adela Yelton

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Peter Villegas

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Allan Soto

    MEMBER

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
8 July 2024
IRS schema version
2023v5.0
Source object
202422159349301202

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