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Nonprofiteer
← LATINOS FOR EDUCATION INC

Form 990 for tax year 2023

Filed by LATINOS FOR EDUCATION INC.

Totals

Total revenue
$5,524,357
Total expenses
$6,830,342
Contributions and grants received
$5,342,264
Grants paid
$0
Program service revenue
$126,600
Investment income
$55,493
Other revenue
$0
Total assets, end of year
$7,771,647
Total liabilities, end of year
$199,940
Net assets or fund balances, end of year
$7,571,707
Program services expenses (Part IX)
$4,077,608
Management and general expenses
$1,808,165
Fundraising expenses
$944,569
Program service expenses (Part III)
$4,077,608

Program services were 59.7% 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

    $5,342,264

  • 1g · Noncash contributions included above

    $400,000

  • 2a · Program service revenue: PROGRAM REVENUE

    total $126,600 · related or exempt $126,600

  • 3 · Investment income

    total $64,160 · excluded $64,160

  • 7a · Gross sales of assets other than inventory

    securities $4,140,420

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

    securities $4,149,087

  • 7c · Gain or loss

    securities -$8,667

  • 7d · Net gain or loss

    total -$8,667 · excluded -$8,667

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $635,746 · program services $319,310 · management and general $63,575 · fundraising $252,861

  • 7 · Other salaries and wages

    total $2,832,962 · program services $1,566,812 · management and general $810,510 · fundraising $455,640

  • 8 · Pension plan contributions

    total $108,044 · program services $58,743 · management and general $31,600 · fundraising $17,701

  • 9 · Other employee benefits

    total $260,597 · program services $160,328 · management and general $66,560 · fundraising $33,709

  • 10 · Payroll taxes

    total $268,375 · program services $149,720 · management and general $68,544 · fundraising $50,111

  • 11b · Fees: legal

    total $5,695 · management and general $5,695

  • 11c · Fees: accounting

    total $70,370 · management and general $70,370

  • 11d · Fees: lobbying

    total $48,053 · program services $48,053

  • 11e · Fees: professional fundraising services

    total $38,880 · fundraising $38,880

  • 11g · Fees: other

    total $1,483,255 · program services $1,129,040 · management and general $292,920 · fundraising $61,295

  • 12 · Advertising and promotion

    total $56,727 · program services $15,980 · management and general $30,109 · fundraising $10,638

  • 13 · Office expenses

    total $69,532 · program services $12,187 · management and general $53,505 · fundraising $3,840

  • 14 · Information technology

    total $203,696 · program services $6,239 · management and general $185,066 · fundraising $12,391

  • 17 · Travel

    total $173,207 · program services $70,689 · management and general $97,235 · fundraising $5,283

  • 19 · Conferences, conventions and meetings

    total $568,200 · program services $540,507 · management and general $25,473 · fundraising $2,220

  • 23 · Insurance

    total $7,003 · management and general $7,003

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,931,420 · end of year $835,133

  • 2 · Savings and temporary cash investments

    end of year $5,050,851

  • 3 · Pledges and grants receivable

    beginning of year $2,190,321 · end of year $1,811,763

  • 4 · Accounts receivable

    end of year $73,900

  • 9 · Prepaid expenses and deferred charges

    beginning of year $43,421

  • 17 · Accounts payable and accrued expenses

    beginning of year $219,470 · end of year $73,940

  • 19 · Deferred revenue

    beginning of year $67,500 · end of year $126,000

  • 27 · Net assets without donor restrictions

    beginning of year $7,382,086 · end of year $5,263,751

  • 28 · Net assets with donor restrictions

    beginning of year $1,496,106 · end of year $2,307,956

Mission and programs · 2023

Mission

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 $4,077,608 · Revenue $126,600

As filed on the 2023 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 UNTIL 03/24

    Total calculated
    $0
    Hours/week
    2
  • Greg Gonzalez

    DIRECTOR AS OF 12/23

    Total calculated
    $0
    Hours/week
    2
  • Dr Margaret S Marcus

    DIRECTOR AS OF 03/24

    Total calculated
    $0
    Hours/week
    2
  • Maria Orozco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Manny Rivera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Feliz Ruano

    DIRECTOR AS OF 09/23

    Total calculated
    $0
    Hours/week
    2
  • Mora Segal

    DIRECTOR AS OF 06/24

    Total calculated
    $0
    Hours/week
    2
  • Amanda Fernandez

    CEO

    Total calculated
    $282,057
    From this org
    $271,203
    From related orgs
    $0
    Other
    $10,854
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $271,203
    Bonus
    $0
    Other
    $0
    Deferred
    $10,848
    Nontaxable benefits
    $6
    Filer's total
    $282,057
  • Adriana Solis-Lopez

    CHIEF EXTERNAL AFFAIRS UNTIL 02/24

    Total calculated
    $225,255
    From this org
    $207,606
    From related orgs
    $0
    Other
    $17,649
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,606
    Bonus
    $0
    Other
    $0
    Deferred
    $8,333
    Nontaxable benefits
    $9,316
    Filer's total
    $225,255
  • Migdalia Diaz

    CHIEF OPERATING OFFICER AS OF 08/23

    Total calculated
    $82,934
    From this org
    $76,773
    From related orgs
    $0
    Other
    $6,161
    Hours/week
    40
  • Armando X Orduna MD

    EXECUTIVE DIRECTOR, TEXAS

    Total calculated
    $164,379
    From this org
    $145,191
    From related orgs
    $0
    Other
    $19,188
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,191
    Bonus
    $0
    Other
    $0
    Deferred
    $5,962
    Nontaxable benefits
    $13,226
    Filer's total
    $164,379
  • Samantha Bray Ader

    VP, ORGANIZATIONAL EFFECTIVENESS

    Total calculated
    $143,116
    From this org
    $137,611
    From related orgs
    $0
    Other
    $5,505
    Hours/week
    40
  • Elvis Jocol Lara

    MANAGING DIRECTOR, NAT'L MARKETING

    Total calculated
    $151,931
    From this org
    $141,932
    From related orgs
    $0
    Other
    $9,999
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,932
    Bonus
    $0
    Other
    $0
    Deferred
    $1,437
    Nontaxable benefits
    $8,562
    Filer's total
    $151,931
  • Erica Romero

    VP, EDUCATION POLICY & ADVOCACY

    Total calculated
    $165,081
    From this org
    $150,274
    From related orgs
    $0
    Other
    $14,807
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,274
    Bonus
    $0
    Other
    $0
    Deferred
    $6,128
    Nontaxable benefits
    $8,679
    Filer's total
    $165,081
  • James David Henry

    MANAGING DIRECTOR, NAT'L DEVELOPMENT

    Total calculated
    $149,872
    From this org
    $135,800
    From related orgs
    $0
    Other
    $14,072
    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. 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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202521359349302287

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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