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← LATINO COMMUNITY FOUNDATION

Form 990 for tax year 2024

Filed by LATINO COMMUNITY FOUNDATION.

Totals

Total revenue
$14,186,945
Total expenses
$11,757,933
Contributions and grants received
$12,169,714
Grants paid
$4,639,575
Program service revenue
$0
Investment income
$2,008,254
Other revenue
$8,977
Total assets, end of year
$59,666,493
Total liabilities, end of year
$754,282
Net assets or fund balances, end of year
$58,912,211
Program services expenses (Part IX)
$9,996,213
Management and general expenses
$1,005,734
Fundraising expenses
$755,986
Program service expenses (Part III)
$9,996,213

Program services were 85.0% 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)

    $1,000,000

  • 1f · All other contributions, gifts and grants

    $11,169,714

  • 1g · Noncash contributions included above

    $14,829

  • 3 · Investment income

    total $1,412,345 · excluded $1,412,345

  • 7a · Gross sales of assets other than inventory

    securities $20,104,239

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

    securities $19,508,330

  • 7c · Gain or loss

    securities $595,909

  • 7d · Net gain or loss

    total $595,909 · excluded $595,909

  • 11a · Other revenue: OTHER INCOME

    total $8,977 · related or exempt $8,977

  • 11e · Other revenue, total

    $8,977

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,639,575 · program services $4,639,575

  • 5 · Compensation of officers, directors and key employees

    total $721,944 · program services $382,751 · management and general $194,200 · fundraising $144,993

  • 7 · Other salaries and wages

    total $2,489,209 · program services $1,958,856 · management and general $198,524 · fundraising $331,829

  • 8 · Pension plan contributions

    total $226,112 · program services $196,673 · management and general $12,939 · fundraising $16,500

  • 9 · Other employee benefits

    total $263,163 · program services $221,953 · management and general $31,710 · fundraising $9,500

  • 10 · Payroll taxes

    total $229,368 · program services $175,164 · management and general $20,552 · fundraising $33,652

  • 11b · Fees: legal

    total $4,684 · program services $288 · management and general $4,396

  • 11c · Fees: accounting

    total $209,301 · program services $152,798 · management and general $25,107 · fundraising $31,396

  • 11f · Fees: investment management

    total $127,935 · management and general $127,935

  • 11g · Fees: other

    total $1,079,054 · program services $951,370 · management and general $57,545 · fundraising $70,139

  • 12 · Advertising and promotion

    total $340,744 · program services $279,128 · management and general $30,286 · fundraising $31,330

  • 13 · Office expenses

    total $51,651 · program services $33,717 · management and general $14,343 · fundraising $3,591

  • 14 · Information technology

    total $236,612 · program services $166,413 · management and general $38,771 · fundraising $31,428

  • 16 · Occupancy

    total $144,546 · program services $106,047 · management and general $17,227 · fundraising $21,272

  • 17 · Travel

    total $252,111 · program services $169,471 · management and general $53,551 · fundraising $29,089

  • 19 · Conferences, conventions and meetings

    total $646,834 · program services $549,743 · management and general $95,824 · fundraising $1,267

  • 22 · Depreciation, depletion and amortization

    total $1,554 · management and general $1,554

  • 23 · Insurance

    total $31,455 · management and general $31,455

  • 24a · Other expenses: UNCOLLECTIBLE CONTRIB.

    total $30,749 · management and general $30,749

  • 24b · Other expenses: MEMBERSHIP DUES

    total $21,427 · program services $5,000 · management and general $16,427

  • 24c · Other expenses: FURNITURE & COMPUTER EQ

    total $8,592 · program services $7,014 · management and general $1,578

  • 24d · Other expenses: SUBSCRIPTIONS

    total $1,313 · program services $252 · management and general $1,061

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $309,214 · end of year $210,044

  • 2 · Savings and temporary cash investments

    beginning of year $9,534,301 · end of year $8,509,174

  • 3 · Pledges and grants receivable

    beginning of year $2,125,752 · end of year $4,131,859

  • 9 · Prepaid expenses and deferred charges

    beginning of year $83,315 · end of year $63,909

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

    $44,561

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

    $44,561

  • 10c · Land, buildings and equipment, net

    beginning of year $1,554 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $42,242,113 · end of year $46,588,568

  • 15 · Other assets

    beginning of year $258,019 · end of year $162,939

  • 17 · Accounts payable and accrued expenses

    beginning of year $643,163 · end of year $554,690

  • 18 · Grants payable

    beginning of year $105,000 · end of year $10,900

  • 25 · Other liabilities

    beginning of year $294,778 · end of year $188,692

  • 27 · Net assets without donor restrictions

    beginning of year $24,443,158 · end of year $27,494,083

  • 28 · Net assets with donor restrictions

    beginning of year $29,068,169 · end of year $31,418,128

Mission and programs · 2024

Mission

LCF EXISTS TO UNLEASH THE CIVIC AND ECONOMIC POWER OF LATINOS IN CALIFORNIA. LCF FULFILLS THE MISSION BY BUILDING A MOVEMENT OF CRITICALLY ENGAGED PHILANTHROPIC LEADERS, INVESTING IN LATINO-LED ORGS, AND INCREASING CIVIC PARTICIPATION OF LATINOS IN CALIFORNIA.

Activities or mission (Part I)

LCF EXISTS TO UNLEASH THE CIVIC AND ECONOMIC POWER OF LATINOS IN CALIFORNIA.

  • BUILDING CIVIC POWER: LATINO POWER FUND PROGRAMS AND GRANTMAKING THAT INCREASE INVESTMENTS INTO GRASSROOT ORGANIZATIONS ROOTED IN LATINO COMMUNITIES WORKING TO PROMOTE CIVIC ENGAGEMENT AMONG LATINOS AND PROMOTE THE EQUITABLE DISTRIBUTION OF AMERICAN RESCUE PLAN FUNDS. IN 2024, LCF LAUNCHED THE FOURTH COHORT OF ITS LATINO NONPROFIT ACCELERATOR, CULMINATED ITS FIRST COHORT OF THE REST IS POWER SABBATICAL PROGRAM FOR GRASSROOT LEADERS, AND CULMINATED THE FIRST PHASE OF THE PODERARTE INITIATIVE TO PROMOTE ART AND CULTURE AS A VEHICLE TO PROMOTE CIVIC ENGAGEMENT AND SOCIAL CHANGE. LCF PARTNERSHIPS AND NONPARTISAN ACTIVATIONS ALSO MOBILIZED THOUSANDS OF VOTERS IN LATINO COMMUNITIES ACROSS CALIFORNIA, NEVADA, AND ARIZONA. AS PART OF LCF'S MISSION, LCF MANAGES THE LATINO GIVING CIRCLE NETWORK (LGCN) TO INSPIRE PHILANTHROPY FOR THE BENEFIT OF LATINO COMMUNITIES. LCF HAS CREATED THIS NETWORK OF PHILANTHROPISTS AS A PLATFORM FOR LATINO LEADERS TO INCREASE THEIR CIVIC ENGAGEMENT. AS OF DECEMBER 31, 2024, THERE WERE 19 LGCN GIVING CIRCLES WITH 347 MEMBERS.

    Expenses $6,723,269 · Grants $2,611,575 · Revenue $8,977

  • BUILDING ECONOMIC POWER PROGRAMS AND GRANTMAKING THAT INCREASE OPPORTUNITIES FOR ECONOMIC MOBILITY AND GROWTH IN LATINO COMMUNITIES. IN 2024, LCF'S ECONOMIC POWER BUILDING WORK FOCUSED ON INCREASING ACCESS TO CAPITAL FOR ENTREPRENEURS, ESTABLISHING NEW COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS, INVESTMENTS IN LATINA ENTREPRENEURS, AND SUPPORT FOR STATE EFFORTS TO PLACE LATINOS IN HIGHER-PAYING JOBS ACROSS CALIFORNIA. THESE EFFORTS INCLUDE THE LAUNCH OF LCF'S LATINO CAPITAL ACCELERATOR PROGRAM. IN 2024, LCF CO-LAUNCHED ACTIVATE IMPERIAL, A PUBLIC-PRIVATE INITIATIVE DESIGNED TO HELP CALIFORNIA'S IMPERIAL VALLEY ACCESS AND GUIDE INCOMING FEDERAL AND STATE CLEAN ENERGY INVESTMENTS. LCF PARTNERSHIPS ALSO LEVERAGED FEDERAL AND STATE RESOURCES TO SUPPORT LATINO ENTREPRENEURS AND SMALL BUSINESSES.

    Expenses $2,973,768 · Grants $1,798,000

  • RAPID RESPONSE INITIATIVES THAT SUPPORT CALIFORNIA NONPROFITS ON THE FRONTLINES OF SERVING, SUPPORTING, OR ADVOCATING FOR LATINO FAMILIES AND COMMUNITIES AFFECTED BY DISASTERS. IN 2024, LCF'S INVESTMENTS SUPPORTED COMMUNITIES DEALING WITH ACTIVE DISASTERS AS WELL AS THOSE ENGAGED IN LONG-TERM RECOVERY EFFORTS.

    Expenses $299,176 · Grants $230,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel Skaff

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Honorable Lydia Villarreal

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Noramay Cadena

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Fred Alvarez

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Beatriz Acevedo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Fred Blackwell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Zac Guevara

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Sonia Bassheva Manjon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Marisa Moret

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Hector Mujica

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Ann O'Leary

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Stacie Olivares

    TRUSTEE

    Total calculated
    $0
    Hours/week
    4

  • Jose Antonio Ramirez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Cristina Tzintzun Ramirez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Angelica Salas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Steven Wolfe Pereira

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Julian Castro

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $435,582
    From this org
    $398,261
    From related orgs
    $0
    Other
    $37,321
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $398,129
    Bonus
    $0
    Other
    $132
    Deferred
    $25,144
    Nontaxable benefits
    $12,177
    Filer's total
    $435,582

  • Maria Zayas Carnes

    CHIEF FINANCIAL OFFICER

    Total calculated
    $286,361
    From this org
    $229,165
    From related orgs
    $0
    Other
    $57,196
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,510
    Bonus
    $19,000
    Other
    $655
    Deferred
    $18,619
    Nontaxable benefits
    $38,577
    Filer's total
    $286,361

  • Marcela Muniz

    SR. VP OF PHILANTHROPY

    Total calculated
    $232,447
    From this org
    $185,388
    From related orgs
    $0
    Other
    $47,059
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,346
    Bonus
    $15,400
    Other
    $642
    Deferred
    $14,142
    Nontaxable benefits
    $32,917
    Filer's total
    $232,447

  • Christian Arana

    VP OF CIVIC POWER AND POLICY

    Total calculated
    $222,477
    From this org
    $195,784
    From related orgs
    $0
    Other
    $26,693
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,753
    Bonus
    $15,400
    Other
    $631
    Deferred
    $15,689
    Nontaxable benefits
    $11,004
    Filer's total
    $222,477

  • Max Vargas

    VP OF ECONOMIC JUSTICE

    Total calculated
    $173,922
    From this org
    $160,724
    From related orgs
    $0
    Other
    $13,198
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,055
    Bonus
    $10,000
    Other
    $669
    Deferred
    $12,847
    Nontaxable benefits
    $351
    Filer's total
    $173,922

  • Diana Otero

    SR DIR OF STRAT P'SHIPS & INNOV

    Total calculated
    $169,769
    From this org
    $158,359
    From related orgs
    $0
    Other
    $11,410
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,090
    Bonus
    $12,600
    Other
    $669
    Deferred
    $11,081
    Nontaxable benefits
    $329
    Filer's total
    $169,769

  • Samantha Sandoval

    SR DIR OF GRANTMAKING/SPECIAL PROJS

    Total calculated
    $156,490
    From this org
    $137,668
    From related orgs
    $0
    Other
    $18,822
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,320
    Bonus
    $8,680
    Other
    $668
    Deferred
    $10,988
    Nontaxable benefits
    $7,834
    Filer's total
    $156,490

  • Jacqueline Martinez Garcel

    SR. ADV (THRU 6/30/24), FORMER CEO

    Total calculated
    $317,439
    From this org
    $305,161
    From related orgs
    $0
    Other
    $12,278
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,661
    Bonus
    $100,000
    Other
    $500
    Deferred
    $12,205
    Nontaxable benefits
    $73
    Filer's total
    $317,439

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202523179349306852

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