Form 990 for tax year 2023
Filed by ADELANTE COMMUNITY DEVELOPMENT.
Totals
- Total revenue
- $2,639,955
- Total expenses
- $1,390,077
- Contributions and grants received
- $2,508,720
- Grants paid
- $0
- Program service revenue
- $126,759
- Investment income
- $4,476
- Other revenue
- $0
- Total assets, end of year
- $2,373,257
- Total liabilities, end of year
- $1,034,727
- Net assets or fund balances, end of year
- $1,338,530
- Program services expenses (Part IX)
- $1,065,970
- Management and general expenses
- $240,730
- Fundraising expenses
- $83,377
- Program service expenses (Part III)
- $1,065,970
Program services were 76.7% 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.
-
1e · Government grants (contributions)
$1,249,675
-
1f · All other contributions, gifts and grants
$1,259,045
-
2a · Program service revenue: PROGRAM SERVICE FEES
total $126,759 · related or exempt $126,759
-
3 · Investment income
total $4,476 · excluded $4,476
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $162,500 · program services $137,182 · management and general $16,250 · fundraising $9,068
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $314,450 · program services $265,459 · management and general $31,445 · fundraising $17,546
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $18,248 · program services $15,405 · management and general $1,825 · fundraising $1,018
-
10 · Payroll taxes
total $36,286 · program services $30,633 · management and general $3,628 · fundraising $2,025
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $5,800 · management and general $5,800
-
11c · Fees: accounting
total $107,483 · management and general $107,483
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $13,932 · program services $12,538 · management and general $697 · fundraising $697
-
13 · Office expenses
total $53,400 · program services $45,080 · management and general $5,340 · fundraising $2,980
-
14 · Information technology
total $33,921 · program services $28,636 · management and general $3,392 · fundraising $1,893
-
15 · Royalties
total $0
-
16 · Occupancy
total $67,580 · program services $59,592 · management and general $5,127 · fundraising $2,861
-
17 · Travel
total $37,417 · program services $31,587 · management and general $3,742 · fundraising $2,088
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $1,505 · program services $1,270 · management and general $151 · fundraising $84
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,127 · program services $951 · management and general $113 · fundraising $63
-
23 · Insurance
total $0
-
24a · Other expenses: SUBCONTRACTOR EXPENSES
total $345,276 · program services $261,204 · management and general $41,102 · fundraising $42,970
-
24b · Other expenses: DIRECT PROGRAM EXPENSE
total $175,159 · program services $175,159
-
24c · Other expenses: REPAIRS & MAINTENANCE
total $14,484 · management and general $14,484
-
24d · Other expenses: DUES & SUBSCRIPTIONS
total $1,509 · program services $1,274 · management and general $151 · fundraising $84
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $948,223 · end of year $50,341
-
2 · Savings and temporary cash investments
end of year $2,212,830
-
3 · Pledges and grants receivable
end of year $89,960
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$21,984
-
10b · Land, buildings and equipment: accumulated depreciation
$1,858
-
10c · Land, buildings and equipment, net
beginning of year $2,367 · end of year $20,126
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $1,977 · end of year $6,707
-
23 · Secured mortgages and notes payable
beginning of year $62,762 · end of year $47,934
-
24 · Unsecured notes and loans payable
beginning of year $51,068 · end of year $48,983
-
25 · Other liabilities
beginning of year $746,131 · end of year $931,103
-
27 · Net assets without donor restrictions
beginning of year $74,208 · end of year $500,953
-
28 · Net assets with donor restrictions
beginning of year $14,444 · end of year $837,577
Mission and programs · 2023
Mission
TO ADVANCE ECONOMIC AND EDUCATIONAL OPPORTUNITIES FOR LATINOS THROUGH IMPACTFUL PARTNERSHIPS WITH BUSINESS, FAMILIES, AND COMMUNITY STAKEHOLDERS.
-
HEALTH EQUITY PROGRAM: Health equity stands as a crucial pillar in the organization's dedication to tackling disparities in healthcare access, outcomes, and the social determinants of health. Advocating for policies and programs that champion fair access to high-quality healthcare services, regardless of socioeconomic background, race, ethnicity, or other factors, is at the core of its mission. Through collaborative efforts with healthcare providers, community organizations, and policymakers, the organization strives to dismantle barriers to healthcare and propel initiatives that enhance health outcomes for marginalized populations. This commitment reflects a holistic approach, recognizing that addressing systemic inequalities is integral to fostering a healthier and more equitable society. Some 2023 Accomplishments:1442 COVID and FLU Vaccines (1,181 COVID and 261 Flu)12,694 Home COVID Tests Disseminated 10,900 mask distributed700 Hand Sanitizers Disseminated COVID Education to 25,000+ individuals Training of 10 Community Navigators Certified Application Assistance Site Authorized by State Community Center for Resource and Referral Initiated Youth Advisory Board with 12 members. Five Successful Outreach Community Events
Expenses $537,414
-
ENTREPRENEURSHIP PROGRAM:Adelante is committed to supporting Spanish-speaking entrepreneurs. To that end, we are proud to offer comprehensive entrepreneurship and business education programs specifically designed to meet the unique needs and challenges faced by this community. By providing Spanish-language instruction and culturally sensitive resources, we aim to empower these entrepreneurs with the skills, knowledge, and confidence they need to successfully navigate today's challenging business landscape. Our goal is to help Spanish-speaking entrepreneurs not just survive but thrive, creating sustainable businesses that will support their families, strengthen their communities, and contribute to the economic recovery of our nation.Entrepreneurship and business technical education courses provide individuals with a strong foundation in essential business practices, legal requirements, compliance regulations, and digital tools. These courses also offer comprehensive instruction on financial literacy, including QuickBooks, and access to capital. Additionally, our program includes the Sal and Pimienta food truck program, which equips aspiring food truck entrepreneurs with the skills and knowledge they need to successfully launch and operate their businesses while complying with all necessary regulations. By completing our entrepreneurship and business technical education courses, individuals gain a competitive edge in the dynamic world of business, setting themselves up for long-term success and financial stability.Our entrepreneurship team has been able to provide tailored business advice via 1:1 consulting sessions and strengthen the foundation for business fundamentals through our educational programs, assuring that business owners have a strong base, are secured in their business compliance, and receive the curate guidance to scale and sustain their business. 2023 Accomplishments:320 graduates Serie Empresarial, Quickbooks, Sal y Pimienta, Fundamentos de Digitalizacin, Ventanilla Digital, spreadsheet for beginners178 entrepreneurs received tachnical assistance69 entrepreneurs benefited from business compliance support500 woman benefited from the 1st Latina Convention geared to inspire and guide women entrepreneurs.
Expenses $447,785
-
DIGITAL PROGRAM:The Adelante Digital Program, launched by Adelante Community Development, targets the digitalization needs of Colorado's Latino business sector in the aftermath of COVID-19. This initiative seeks to enhance the digital participation of these businesses, capitalizing on findings from Stanford's 2022 report, which highlighted the proficiency of Latino-owned enterprises in utilizing digital strategies to boost their market visibility. The program advocates for digital investments, comprehensive training, and collaborative networks among businesses, positioning itself as a pivotal modernization force within the state's economy. It is dedicated to augmenting productivity and fostering business expansion through digital advancements. The mission is to support Latino businesses in navigating and flourishing in the digital economy, with a vision of cultivating a thriving and technologically cohesive Latino business community, surmounting hurdles like digital literacy and limited resources. The program's objectives are centered around delivering digital transformation resources and know-how to raise the digital competence of Latino businesses. Under this program, Adelante has introduced the 'Kit Digital' initiative. Its principal goals are to: Provide information and educational resources on digital transformation to Latino businesses. Assist Latino businesses in assessing their current level of digital maturity. Implement digitalization and technical enhancement processes with professional and qualified digital services. In 2023, Adelante supported 119 businesses with digital consultings and 12 businesses worked with Adelante on their first digital program. Adelante sees this as a social enterprise for the organization in the future. This year the program brought in ~ $50,000 in contracts to Adelante.
Expenses $80,771
As filed on the 2023 return.
Listed in Part VII
-
Maria GonzalezMARIA GONZALEZ
CEO & Founder
- Total calculated
- $162,500
- From this org
- $162,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $162,500
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $162,500
-
Jimmy BurdsJIMMY BURDS
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Diana BustillosDIANA BUSTILLOS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Yasmin GonzalezYASMIN GONZALEZ
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Gloria JimenezGLORIA JIMENEZ
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Mathew LichiniMATHEW LICHINI
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Deidi SanchezDEIDI SANCHEZ
ASSIST SECRETAR
- 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. 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
None.
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
- 11 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413169349302341
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