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Nonprofiteer
← MI FAMILIA VOTA EDUCATION FUND

Form 990 for tax year 2023

Filed by MI FAMILIA VOTA EDUCATION FUND.

Totals

Total revenue
$7,033,057
Total expenses
$6,978,337
Contributions and grants received
$6,860,429
Grants paid
$15,500
Program service revenue
$0
Investment income
$171,360
Other revenue
$1,268
Total assets, end of year
$9,398,375
Total liabilities, end of year
$2,383,191
Net assets or fund balances, end of year
$7,015,184
Program services expenses (Part IX)
$6,456,147
Management and general expenses
$330,908
Fundraising expenses
$191,282
Program service expenses (Part III)
$6,456,147

Program services were 92.5% 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.

  • 1e · Government grants (contributions)

    $309,391

  • 1f · All other contributions, gifts and grants

    $6,551,038

  • 3 · Investment income

    total $166,853 · excluded $166,853

  • 7a · Gross sales of assets other than inventory

    securities $1,912,222

  • 7b · Less cost or other basis and sales expenses

    securities $1,907,715

  • 7c · Gain or loss

    securities $4,507

  • 7d · Net gain or loss

    total $4,507 · excluded $4,507

  • 11a · Other revenue: SECURITY DEPOSIT REFUND

    total $1,268 · related or exempt $1,268

  • 11e · Other revenue, total

    $1,268

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $15,500 · program services $15,500

  • 2 · Grants to domestic individuals

    total $0

  • 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 $514,929 · program services $497,858 · management and general $7,493 · fundraising $9,578

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $3,100,931 · program services $2,964,401 · management and general $57,486 · fundraising $79,044

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $232,220 · program services $214,144 · management and general $11,060 · fundraising $7,016

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $19,947 · management and general $19,947

  • 11c · Fees: accounting

    total $16,772 · management and general $16,772

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $36,949 · management and general $36,949

  • 11g · Fees: other

    total $991,481 · program services $963,983 · management and general $16,825 · fundraising $10,673

  • 12 · Advertising and promotion

    total $114,123 · program services $62,865 · management and general $1,764 · fundraising $49,494

  • 13 · Office expenses

    total $314,130 · program services $239,684 · management and general $65,368 · fundraising $9,078

  • 14 · Information technology

    total $133,865 · program services $123,445 · management and general $6,375 · fundraising $4,045

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $299,216 · program services $267,914 · management and general $22,524 · fundraising $8,778

  • 17 · Travel

    total $340,844 · program services $295,917 · management and general $35,232 · fundraising $9,695

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $86,799 · program services $57,067 · management and general $27,862 · fundraising $1,870

  • 20 · Interest

    total $2,707 · program services $2,496 · management and general $129 · fundraising $82

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $11,670 · program services $10,762 · management and general $556 · fundraising $352

  • 23 · Insurance

    total $52,210 · program services $48,146 · management and general $2,487 · fundraising $1,577

  • 24a · Other expenses: PROGRAM MATERIALS SUPPLIES

    total $691,965 · program services $691,965

  • 24b · Other expenses: FOREIGN TAXES

    total $2,079 · management and general $2,079

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,750,441 · end of year $851,547

  • 2 · Savings and temporary cash investments

    beginning of year $95,261 · end of year $117,693

  • 4 · Accounts receivable

    beginning of year $274,188 · end of year $561,645

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,703 · end of year $71,174

  • 10a · Land, buildings and equipment: cost or other basis

    $47,604

  • 10b · Land, buildings and equipment: accumulated depreciation

    $14,664

  • 10c · Land, buildings and equipment, net

    beginning of year $7,230 · end of year $32,940

  • 11 · Investments: publicly traded securities

    beginning of year $7,191,676 · end of year $7,740,724

  • 14 · Intangible assets

    beginning of year $20,634 · end of year $16,623

  • 15 · Other assets

    beginning of year $4,939 · end of year $6,029

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,493

  • 22 · Loans and payables to officers and key people

    beginning of year $1,128,580 · end of year $1,122,694

  • 24 · Unsecured notes and loans payable

    beginning of year $1,668,875 · end of year $1,240,291

  • 25 · Other liabilities

    beginning of year $23,824 · end of year $20,206

  • 27 · Net assets without donor restrictions

    beginning of year $6,244,112 · end of year $5,773,539

  • 28 · Net assets with donor restrictions

    beginning of year $274,188 · end of year $1,241,645

Mission and programs · 2023

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.

  • IN 2023, MFA AND MI FAMILIA VOTA, A 501C6 ENTITY, MADE SIGNIFICANT STRIDES IN EMPOWERING THE LATINO COMMUNITY ACROSS THE UNITED STATES THROUGH A SERIES OF STRATEGIC INITIATIVES AIMED AT EXPANDING COMMUNITY REPRESENTATION, STRENGTHENING POLITICAL INFLUENCE, CULTIVATING LEADERSHIP, ENSURING STRUCTURAL IMPACT, AND PREPARING FOR FUTURE CHALLENGES. OUR OUTREACH PROGRAMS TOUCHED THOUSANDS, WITH EXTENSIVE CANVASSING EFFORTS IN CALIFORNIA AND IMPACTFUL EDUCATIONAL PROGRAMS IN COLORADO. IN FLORIDA, WE HOSTED OVER 10 EVENTS UNDER THE FLORIDA MERECE MEJOR CAMPAIGN, FOSTERING LATINO POLITICAL POWER AND UNITY. TOGETHER WITH OUR SEC. 501C6, MI FAMILIA VOTA, WE HAVE MADE MAJOR STRIDES IN ARIZONA, CALIFORNIA, COLORADO, FLORIDA, GEORGIA, AND TEXAS.

    Expenses $6,456,147 · Grants $15,500

As filed on the 2023 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
    $271,972
    From this org
    $226,800
    From related orgs
    $25,200
    Other
    $19,972
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $204,390 + $22,710 related
    Bonus
    $13,500 + $1,500 related
    Other
    not reported
    Deferred
    $7,560 + $5,040 related
    Nontaxable benefits
    $4,423 + $2,949 related
    Filer's total
    $229,873 + $32,199 related

  • Paul Edmeier

    CHIEF FINANCIAL OFFICER

    Total calculated
    $172,400
    From this org
    $143,000
    From related orgs
    $29,400
    Other
    $0
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $143,000 + $29,400 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $143,000 + $29,400 related

  • Carlos Duarte

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $156,204
    From this org
    $124,570
    From related orgs
    $17,341
    Other
    $14,293
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $124,570 + $17,341 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,153 + $2,768 related
    Nontaxable benefits
    $4,423 + $2,949 related
    Filer's total
    $133,146 + $23,058 related

  • Marian D Cook

    HCE

    Total calculated
    $131,035
    From this org
    $111,297
    From related orgs
    $12,366
    Other
    $7,372
    Hours/week
    36 + 4 related

  • Naomi Jozovich

    HCE

    Total calculated
    $120,899
    From this org
    $102,174
    From related orgs
    $11,353
    Other
    $7,372
    Hours/week
    36 + 4 related

  • Carolina Rodriguez

    HCE

    Total calculated
    $110,872
    From this org
    $93,150
    From related orgs
    $10,350
    Other
    $7,372
    Hours/week
    36 + 4 related

  • Kristian Aquilar

    HCE

    Total calculated
    $108,960
    From this org
    $91,429
    From related orgs
    $10,159
    Other
    $7,372
    Hours/week
    36 + 4 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 2023. THE EXECUTIVE DIRECTOR RECEIVED 15,000.

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403209349307435

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