Totals
- Total revenue
- $271,580
- Total expenses
- $75,634
- Contributions and grants received
- $265,042
- Grants paid
- $32,500
- Program service revenue
- $6,538
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $195,946
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $195,946
- Program services expenses (Part IX)
- $46,995
- Management and general expenses
- $25,911
- Fundraising expenses
- $2,728
- Program service expenses (Part III)
- $46,995
Program services were 62.1% 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.
-
1f · All other contributions, gifts and grants
$265,042
-
2a · Program service revenue: PITCH LATINO INCOME
total $6,538 · related or exempt $6,538
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $15,000 · program services $15,000
-
2 · Grants to domestic individuals
total $17,500 · program services $17,500
-
11b · Fees: legal
total $750 · management and general $750
-
11c · Fees: accounting
total $22,500 · program services $2,500 · management and general $20,000
-
11g · Fees: other
total $1,201 · program services $900 · management and general $301
-
12 · Advertising and promotion
total $1,889 · program services $1,411 · fundraising $478
-
13 · Office expenses
total $50 · management and general $50
-
14 · Information technology
total $2,597 · program services $402 · management and general $2,195
-
17 · Travel
total $2,118 · program services $313 · management and general $1,805
-
19 · Conferences, conventions and meetings
total $10,604 · program services $8,354 · fundraising $2,250
-
23 · Insurance
total $113 · management and general $113
-
24a · Other expenses: POSTAGE AND DELIVERY
total $675 · management and general $675
-
24b · Other expenses: BANK FEES
total $335 · program services $313 · management and general $22
-
24c · Other expenses: PROJECT SUPPLIES
total $302 · program services $302
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $151,960
-
2 · Savings and temporary cash investments
end of year $250
-
3 · Pledges and grants receivable
end of year $42,500
-
9 · Prepaid expenses and deferred charges
end of year $1,236
-
27 · Net assets without donor restrictions
end of year $110,277
-
28 · Net assets with donor restrictions
end of year $85,669
Mission and programs · 2023
Mission
TO STIMULATE THE DEVELOPMENT OF BUSINESSES AND ENTREPRENEURIAL COMMUNITY.
-
LATINO FOUNDERS IS AN INDUSTRY-AGNOSTIC ACCELERATOR PROGRAM IS DESIGNED TO WORK WITH 100 LATINO ENTREPRENEURS LOOKING TO SCALE THEIR EXISTING OPERATIONS AND HELP THEM SCALE TO ACHIEVE ONE MILLION DOLLARS IN ANNUAL REVENUE IN 5 YEARS, DURING THE DURATION OF THE PROGRAM THEY WILL RECEIVE ACCESS TO MENTORS WITH INDUSTRY EXPERIENCE AND EXPLORE THE DIFFERENT INSTRUMENTS TO RAISE CAPITAL.ENTREPRENEURS PARTICIPATE IN A 10-WEEK ACCELERATOR PROGRAM, WHERE THEY LEARN BUSINESS MODELING, FINANCE, AND PROTOTYPING AND GET PAIRED UP WITH HAND-SELECTED MENTORS AND RESOURCES TO HELP THEM LAUNCH AND SCALE THEIR BUSINESSES.
Expenses $3,331
-
PITCH LATINO IS A CELEBRATION OF LATINO ENTREPRENEURS WHO ARE GROWING AND SCALING THEIR BUSINESSES IN OUR COMMUNITIES. IT SHOWCASES THE EXISTING TALENT AROUND US AND THE POSITIVE ECONOMIC IMPACT THEY ARE HAVING ON OUR REGION.
Expenses $43,664 · Grants $32,500 · Revenue $6,538
As filed on the 2023 return.
Listed in Part VII
-
GABRIEL FLORES
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
EDGAR NAVAS
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
JUAN BARRAZA
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
YESENIA GALLARDO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JULIE PRECIADO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
VERONICA YANHS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
NANCY AYALA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
WENDI AYALA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
- 26 July 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442119349300334
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