Skip to content
Nonprofiteer
← ADELANTE COMMUNITY DEVELOPMENT

Form 990 for tax year 2024

Filed by ADELANTE COMMUNITY DEVELOPMENT.

Totals

Total revenue
$1,857,599
Total expenses
$1,658,889
Contributions and grants received
$1,760,027
Grants paid
$0
Program service revenue
$30,476
Investment income
$67,096
Other revenue
$0
Total assets, end of year
$2,655,108
Total liabilities, end of year
$1,117,868
Net assets or fund balances, end of year
$1,537,240
Program services expenses (Part IX)
$1,367,751
Management and general expenses
$174,124
Fundraising expenses
$117,014
Program service expenses (Part III)
$1,367,751

Program services were 82.4% 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)

    $1,239,334

  • 1f · All other contributions, gifts and grants

    $520,693

  • 2a · Program service revenue: PROGRAM REVENUE

    total $30,476 · related or exempt $30,476

  • 3 · Investment income

    total $67,096 · excluded $67,096

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $180,800 · program services $90,400 · management and general $54,744 · fundraising $35,656

  • 7 · Other salaries and wages

    total $682,163 · program services $619,762 · management and general $1,657 · fundraising $60,744

  • 9 · Other employee benefits

    total $44,050 · program services $34,251 · management and general $5,782 · fundraising $4,017

  • 10 · Payroll taxes

    total $65,452 · program services $50,893 · management and general $8,591 · fundraising $5,968

  • 11b · Fees: legal

    total $11,087 · management and general $11,087

  • 11c · Fees: accounting

    total $22,325 · management and general $22,325

  • 12 · Advertising and promotion

    total $6,517 · program services $4,683 · management and general $917 · fundraising $917

  • 13 · Office expenses

    total $27,959 · program services $15,892 · management and general $11,485 · fundraising $582

  • 14 · Information technology

    total $42,496 · program services $36,210 · management and general $6,286

  • 16 · Occupancy

    total $66,841 · program services $62,163 · management and general $2,339 · fundraising $2,339

  • 17 · Travel

    total $31,098 · program services $22,581 · management and general $6,115 · fundraising $2,402

  • 22 · Depreciation, depletion and amortization

    total $12,812 · program services $10,762 · management and general $1,153 · fundraising $897

  • 24a · Other expenses: PROGRAM EXPENSE

    total $212,475 · program services $212,475

  • 24b · Other expenses: SUBCONTRACTOR EXPENSE

    total $181,671 · program services $176,725 · management and general $4,015 · fundraising $931

  • 24c · Other expenses: PROFESSIONAL DEVELOPMENT

    total $46,910 · program services $24,107 · management and general $20,242 · fundraising $2,561

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $14,552 · program services $3,929 · management and general $10,623

  • 24e · All other expenses

    total $9,681 · program services $2,918 · management and general $6,763

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $50,341 · end of year $70,495

  • 2 · Savings and temporary cash investments

    beginning of year $2,212,830 · end of year $1,828,142

  • 3 · Pledges and grants receivable

    beginning of year $89,960 · end of year $105,286

  • 9 · Prepaid expenses and deferred charges

    end of year $12,385

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

    $653,470

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

    $14,670

  • 10c · Land, buildings and equipment, net

    beginning of year $20,126 · end of year $638,800

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,707 · end of year $46,030

  • 23 · Secured mortgages and notes payable

    beginning of year $47,934 · end of year $103,077

  • 24 · Unsecured notes and loans payable

    beginning of year $48,983 · end of year $44,556

  • 25 · Other liabilities

    beginning of year $931,103 · end of year $924,205

  • 27 · Net assets without donor restrictions

    beginning of year $500,953 · end of year $312,465

  • 28 · Net assets with donor restrictions

    beginning of year $837,577 · end of year $1,224,775

Mission and programs · 2024

Mission

ADELANTE EMPOWERS COLORADO SMALL BUSINESS ENTREPRENEURS THROUGH WORKFORCE TRAINING, BUSINESS DEVELOPMENT AND CAPACITY-BUILDING THAT FOSTERS BUSINESS GROWTH, ECONOMIC MOBILITY AND COMMUNITY VITALITY.

  • WORKFORCE & BUSINESS DEVELOPMENT: ADELANTE SUPPORTS WORKFORCE AND BUSINESS DEVELOPMENT THROUGH A VARIETY OF PROGRAMS DESIGNED TO MEET ENTREPRENEURS WHERE THEY ARE AND EQUIP THEM FOR LONG-TERM SUCCESS. OUR FLAGSHIP PROGRAM, ACELERATUNEGOCIO, IS A 17-CLASS BUSINESS ACCELERATOR THAT PROVIDES A COMPREHENSIVE CURRICULUM COVERING MARKETING, OPERATIONS, FINANCE, AND COMPLIANCE. CONTINUED ON SCHEDULE O.

    Expenses $788,558 · Revenue $30,476

  • HEALTH EQUITY: DURING THE COVID-19 PANDEMIC, ADELANTE ADVANCED HEALTH EQUITY BY SUPPORTING LATINO-OWNED SMALL BUSINESSES AND WORKERS WHO WERE DISPROPORTIONATELY AFFECTED BY THE CRISIS. MANY FACED INCOME LOSS, LANGUAGE BARRIERS, AND LIMITED ACCESS TO RELIABLE HEALTH INFORMATION. ADELANTE MOBILIZED BILINGUAL OUTREACH TEAMS TO SHARE ACCURATE PUBLIC HEALTH GUIDANCE, CONNECT FAMILIES AND BUSINESS OWNERS TO TESTING, VACCINATION, AND FINANCIAL RELIEF RESOURCES, AND DISTRIBUTE PROTECTIVE SUPPLIES. PARTNERING WITH LOCAL HEALTH DEPARTMENTS AND MUNICIPALITIES, ADELANTE HELPED BUSINESSES SAFELY REOPEN AND NAVIGATE CHANGING REGULATIONS. THIS WORK STRENGTHENED TRUST, IMPROVED ACCESS TO CRITICAL RESOURCES, AND BUILT LASTING CAPACITY FOR HEALTH AND ECONOMIC RESILIENCE IN LATINO COMMUNITIES.

    Expenses $579,193

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

Listed in Part VII

  • Maria Gonzalez

    CEO & FOUNDE

    Total calculated
    $181,395
    From this org
    $180,800
    From related orgs
    $0
    Other
    $595
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,000
    Bonus
    $5,800
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $595
    Filer's total
    $181,395

  • Maria Zubia

    DIR. OF COMM

    Total calculated
    $106,702
    From this org
    $106,107
    From related orgs
    $0
    Other
    $595
    Hours/week
    40

  • Jimmy Burds

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Diana Bustillos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sandra Cafuentes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gloria Jimenez

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mat Lichini

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Deidi Sanchez

    ASST. SECRET

    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

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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
2024
Filed
4 November 2025
IRS schema version
2024v5.0
Source object
202503189349309070

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

The source document this was parsed from is served over the API, which is where bulk and document access live.