Form 990 for tax year 2022
Filed by LATINO ACTION NETWORK FOUNDATION INC.
Totals
- Total revenue
- $4,220,480
- Total expenses
- $4,410,947
- Contributions and grants received
- $4,220,480
- Grants paid
- $3,222,450
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $316,739
- Total liabilities, end of year
- $15,485
- Net assets or fund balances, end of year
- $301,254
- Program services expenses (Part IX)
- $4,313,177
- Management and general expenses
- $97,770
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,313,177
Program services were 97.8% 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)
$4,000,000
-
1f · All other contributions, gifts and grants
$220,480
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,222,450 · program services $3,222,450
-
7 · Other salaries and wages
total $395,501 · program services $395,501
-
10 · Payroll taxes
total $46,467 · program services $46,467
-
11c · Fees: accounting
total $56,200 · program services $56,200
-
11g · Fees: other
total $528,757 · program services $463,757 · management and general $65,000
-
12 · Advertising and promotion
total $6,580 · program services $6,580
-
13 · Office expenses
total $38,369 · program services $14,394 · management and general $23,975
-
14 · Information technology
total $19,014 · program services $11,409 · management and general $7,605
-
17 · Travel
total $8,269 · program services $8,269
-
19 · Conferences, conventions and meetings
total $24,192 · program services $24,192
-
23 · Insurance
total $1,978 · program services $1,978
-
24a · Other expenses: TRAINING
total $55,903 · program services $54,713 · management and general $1,190
-
24b · Other expenses: BUSINESS REG FEES
total $3,693 · program services $3,693
-
24c · Other expenses: FESTIVAL COSTS
total $3,574 · program services $3,574
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $307,651 · end of year $283,906
-
3 · Pledges and grants receivable
beginning of year $213,783 · end of year $32,833
-
17 · Accounts payable and accrued expenses
beginning of year $35,713 · end of year $15,485
-
27 · Net assets without donor restrictions
beginning of year $485,721 · end of year $301,254
Mission and programs · 2022
Mission
ORGANIZED FOR CHARITABLE,SCIENTIFIC, AND EDUCATIONAL PURPOSES TO ADVANCE THE EQUITABLE INCLUSION OF LATINO COMMUNITY IN ALL FACETS OF AMERICAN SOCIETY. LANF DIRECTLY OR THROUGH SUB CONTRACT WILL UTILIZE THE CONTRACT FUND IN SUPPORT OF HISPANIC WOMENS DEMONSTRATION RESOURCE CENTERS.THESE CENTERS WILL ENHANCE THE EMPLOYABILITY OF HISPANIC WOMEN. THE CENTERS WILL SUPPLY TRAINING AND OTHER EMPLOYMENT RELATED SERVICES DESIGNED TO ENHANCE THE EMPOYABILITY AND EARNINGS OF HISPANIC WOMEN AND IMPACT THE QUALITY OF OF THEIR LIVES AND THOSE OF THEIR FAMILIES.
Activities or mission (Part I)
THE LATINO ACTION NETWORK FOUNDATION IS ORGANIZED FOR CHARITABLE,SCIENTIFIC, AND EDUCATIONAL PURPOSES TO ADVANCE THE EQUITABLE INCLUSION OF LATINO COMMUNITIES IN ALL FACETS OF AMERICAN SOCIETY. LANF DIRECTLY, OR THROUGH SUB-CONTRACTS WITH AGENCIES SERVING LATINA/HISPANIC WOMEN WILL UTILIZE THE CONTRACT FUNDS IN SUPPORT OF HISPANIC WOMEN'S DEMONSTRATION RESOURCE CENTERS. THESE CENTERS SHOULD ENHANCE THE EMPLOYABILITY OF HISPANIC WOMEN. THE CENTERS AND PROGRAMS EMPHASIZE ACTIVITIES WHICH PROVIDE TRAINING AND OTHER EMPLOYMENT RELATED SERVICES WHICH ARE DESIGNED TO ENHANCE THE EMPLOYABILITY AND EARNINGS OF HISPANIC WOMEN AND IMPACT ON THE QUALITY OF THEIR LIVES AND THOSE OF THEIR FAMILIES. THE CENTERS AND PROGRAMS SHALL IDENTIFY EXISTING JOB OPPORTUNITIES FOR WOMEN AND ASSIST THOSE WOMEN WHO UTILIZE THE CENTERS IN OBTAINING EMPLOYMENT.
-
AS PER SCHEDULE O
-
AS PER SCHEDULE O
Expenses $4,313,177 · Grants $3,222,450
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dr Jessely De La CruzDR JESSELY DE LA CRUZ
EXECUTIVE DI
- Total calculated
- $0
-
Frank Argote-FreyreFRANK ARGOTE-FREYRE
CHAIRMAN
- Total calculated
- $0
-
Lazaro CardenasLAZARO CARDENAS
ASST EXEC DI
- Total calculated
- $0
-
William ColonWILLIAM COLON
BOARD MEMBER
- Total calculated
- $0
-
Gloria LopezGLORIA LOPEZ
BOARD MEMBER
- 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
-
$754,490
-
$679,490
-
$679,490
-
$554,490
-
PUERTO RICAN ACTION COMM S NJ
$554,490
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401289349302545
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