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Nonprofiteer
← LATINOS FOR EDUCATION INC

Form 990 for tax year 2022

Filed by LATINOS FOR EDUCATION INC.

What the amendment changed

Compared with the return it replaced , filed 11 July 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) 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
$11,669,227 changed to $1,728,468
Total expenses
$5,647,371 changed to $3,170,640
Contributions and grants received
$11,527,001 changed to $1,697,468
Program service revenue
$141,823 changed to $31,000
Investment income
$403 changed to $0
Total assets, end of year
$10,395,097 changed to $9,165,162
Total liabilities, end of year
$74,733 changed to $286,970
Net assets or fund balances, end of year
$10,320,364 changed to $8,878,192
Program services expenses
$3,463,874 changed to $1,972,805
Management and general expenses
$1,294,487 changed to $745,571
Fundraising expenses
$889,010 changed to $452,264
Program service expenses (Part III)
$3,463,874 changed to $1,972,805

Listed only on the earlier return

  • Armando X Orduna MD
  • Daniel Velasco
  • Elvis Jocol Lara
  • Feliza Ortiz-Licon
  • Frances Messano
  • Karen Maldonado
  • Rd Leyva

Listed under a different title

  • Tina Fernandez: PRESIDENT then CHAIR

Totals

Total revenue
$1,728,468
Total expenses
$3,170,640
Contributions and grants received
$1,697,468
Grants paid
$0
Program service revenue
$31,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$9,165,162
Total liabilities, end of year
$286,970
Net assets or fund balances, end of year
$8,878,192
Program services expenses (Part IX)
$1,972,805
Management and general expenses
$745,571
Fundraising expenses
$452,264
Program service expenses (Part III)
$1,972,805

Program services were 62.2% 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)

    $32,016

  • 1f · All other contributions, gifts and grants

    $1,665,452

  • 2a · Program service revenue: PROGRAM REVENUE

    total $31,000 · related or exempt $31,000

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $246,461 · program services $96,943 · management and general $24,646 · fundraising $124,872

  • 7 · Other salaries and wages

    total $1,320,058 · program services $824,174 · management and general $300,702 · fundraising $195,182

  • 8 · Pension plan contributions

    total $49,128 · program services $30,797 · management and general $11,261 · fundraising $7,070

  • 9 · Other employee benefits

    total $132,472 · program services $79,083 · management and general $30,408 · fundraising $22,981

  • 10 · Payroll taxes

    total $125,146 · program services $73,928 · management and general $26,113 · fundraising $25,105

  • 11b · Fees: legal

    total $2,649 · management and general $2,649

  • 11c · Fees: accounting

    total $91,097 · management and general $91,097

  • 11d · Fees: lobbying

    total $24,000 · program services $24,000

  • 11e · Fees: professional fundraising services

    total $20,250 · fundraising $20,250

  • 11g · Fees: other

    total $629,661 · program services $560,615 · management and general $64,546 · fundraising $4,500

  • 12 · Advertising and promotion

    total $31,132 · program services $27,695 · management and general $2,224 · fundraising $1,213

  • 13 · Office expenses

    total $37,689 · program services $2,790 · management and general $34,036 · fundraising $863

  • 14 · Information technology

    total $74,006 · program services $1,935 · management and general $61,358 · fundraising $10,713

  • 17 · Travel

    total $168,905 · program services $97,819 · management and general $43,195 · fundraising $27,891

  • 19 · Conferences, conventions and meetings

    total $217,986 · program services $153,026 · management and general $53,336 · fundraising $11,624

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,964,352 · end of year $6,931,420

  • 2 · Savings and temporary cash investments

    beginning of year $0

  • 3 · Pledges and grants receivable

    beginning of year $2,385,245 · end of year $2,190,321

  • 4 · Accounts receivable

    beginning of year $45,500 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $43,421

  • 17 · Accounts payable and accrued expenses

    beginning of year $74,733 · end of year $219,470

  • 19 · Deferred revenue

    end of year $67,500

  • 27 · Net assets without donor restrictions

    beginning of year $9,046,034 · end of year $7,382,086

  • 28 · Net assets with donor restrictions

    beginning of year $1,274,330 · end of year $1,496,106

Mission and programs · 2022

Mission

LATINOS FOR EDUCATION IS AN EDUCATION NON-PROFIT ORGANIZATION FOCUSED ON DEVELOPING, PLACING, AND CONNECTING ESSENTIAL LATINO TALENT IN THE EDUCATION SECTOR. THE ORGANIZATION IS MOBILIZING A NETWORK OF SKILLED EDUCATION LEADERS TO ENSURE THE VOICE OF STUDENTS AND FAMILIES IS NOT ONLY HEARD BUT FACTORED INTO DECISION-MAKING IN SCHOOLS, COMMUNITIES AND EDUCATION INSTITUTIONS THROUGHOUT THE U.S. THE ORGANIZATION ALSO ENSURES LATINO EDUCATION PROFESSIONALS HAVE ACCESS TO A NATIONWIDE NETWORK OF PEERS AS WELL AS CAREER AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES ACROSS THE COUNTRY THROUGH THE MEMBERS-ONLY EDCENTRO NETWORK.

Activities or mission (Part I)

OUR MISSION IS TO DEVELOP, PLACE, AND CONNECT ESSENTIAL LATINO LEADERSHIP IN THE EDUCATION SECTOR, WHILE MOBILIZING LATINO VOICES TO PROMOTE PRACTICES AND POLICIES THAT REMOVE BARRIERS TO EQUITABLE EDUCATIONAL OPPORTUNITY.

  • LATINOS FOR EDUCATION'S MISSION IS TO DEVELOP, PLACE, AND CONNECT ESSENTIAL LATINO LEADERS IN THE EDUCATION SECTOR, WHILE MOBILIZING LATINO VOICE TO PROMOTE PRACTICES AND POLICIES THAT REMOVE BARRIERS TO EDUCATIONAL OPPORTUNITY. WE DO THIS BY GROWING LATINO LEADERSHIP ACROSS THE EDUCATION SECTOR, BUILDING AN ECOSYSTEM OF LATINO EDUCATION LEADERS WORKING TOWARD A MORE EQUITABLE EDUCATION FOR ALL STUDENTS, AND MOBILIZING LEADERS AND COMMUNITIES ON ISSUES IMPACTING LATINO STUDENTS AND FAMILIES VIA ADVOCACY ACROSS THE COUNTRY. DURING BRIDGE YEAR 2023, LATINOS FOR EDUCATION DID THIS BY PERFORMING THE FOLLOWING ACTIVITIES/PROGRAMS:- ASPIRING LATINO LEADERS FELLOWSHIP - ADVANCES THE LEADERSHIP JOURNEY AND EXPANDS THE SPHERE OF INFLUENCE OF 50-75 LATINO MID- TO SENIOR-LEVEL SCHOOL AND DISTRICT STAFF.- LATINO BOARD FELLOWSHIP - TRAINS AND SUPPORTS 15-25 SENIOR-LEVEL LATINO LEADERS TO SERVE ON EDUCATION NON-PROFIT BOARD OF DIRECTORS.- LATINX TEACHERS FELLOWSHIP - EQUIPS 40-70 EARLY-CAREER LATINO K-12 TEACHERS TO NAVIGATE THE INCREASED DEMANDS OF A CHANGING EDUCATIONAL LANDSCAPE AND IMPROVE THEIR LIKELIHOOD OF PROGRESSING IN THEIR CAREERS AS TEACHER LEADERS.- FAMILIAS LATINAS POR LA EDUCACION: TRAINS AND SUPPORTS 30-40 LATINO GUARDIANS OF SCHOOL-AGED CHILDREN WHO WANT TO POSITIVELY IMPACT THEIR EDUCATION.- ADVOCACY - ACTIVATES THE COLLECTIVE LATINO COMMUNITY VOICE ON UNIQUE ISSUES IMPACTING LATINO STUDENTS AND FAMILIES VIA ADVOCACY AND POLICY CHANGE.- EDCENTRO - IS AN ONLINE PLATFORM CREATED TO CONNECT AND SUPPORT OUR NATIONAL NETWORK OF NEARLY 4,500 LATINO EDUCATION LEADERS.

    Expenses $1,972,805 · Revenue $31,000

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

Listed in Part VII

  • Tina Fernandez

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Landon Mascarenaz

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Susan Valverde

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Margarita Florez Vasconcelos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Maria Orozco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Manny Rivera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Amanda Fernandez

    CEO

    Total calculated
    $0
    Hours/week
    40

  • Adriana Solis-Lopez

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $0
    Hours/week
    40

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
2022
Filed
31 October 2023
IRS schema version
2022v5.0
Source object
202303049349302770

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