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Nonprofiteer
← UNIDOS INVESTMENT FUND INC

Form 990 for tax year 2024

Filed by UNIDOS INVESTMENT FUND INC.

Totals

Total revenue
$2,421,783
Total expenses
$4,153,034
Contributions and grants received
$0
Grants paid
$3,812,360
Program service revenue
$0
Investment income
$2,421,783
Other revenue
$0
Total assets, end of year
$48,186,890
Total liabilities, end of year
$39,052,655
Net assets or fund balances, end of year
$9,134,235
Program services expenses (Part IX)
$3,812,360
Management and general expenses
$340,674
Fundraising expenses
$0
Program service expenses (Part III)
$3,812,360

Program services were 91.8% 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.

  • 3 · Investment income

    total $1,314,566 · unrelated business -$3,405 · excluded $1,317,971

  • 7a · Gross sales of assets other than inventory

    securities $8,161,239

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

    securities $7,054,022

  • 7c · Gain or loss

    securities $1,107,217

  • 7d · Net gain or loss

    total $1,107,217 · excluded $1,107,217

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,812,360 · program services $3,812,360

  • 5 · Compensation of officers, directors and key employees

    total $19,602 · management and general $19,602

  • 7 · Other salaries and wages

    total $652 · management and general $652

  • 8 · Pension plan contributions

    total $518 · management and general $518

  • 9 · Other employee benefits

    total $1,239 · management and general $1,239

  • 10 · Payroll taxes

    total $1,156 · management and general $1,156

  • 11b · Fees: legal

    total $8,115 · management and general $8,115

  • 11c · Fees: accounting

    total $544 · management and general $544

  • 11f · Fees: investment management

    total $305,841 · management and general $305,841

  • 13 · Office expenses

    total $74 · management and general $74

  • 14 · Information technology

    total $126 · management and general $126

  • 16 · Occupancy

    total $584 · management and general $584

  • 17 · Travel

    total $29 · management and general $29

  • 23 · Insurance

    total $19 · management and general $19

  • 24a · Other expenses: OTHER EXPENSES

    total $2,175 · management and general $2,175

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $339,895 · end of year $388,517

  • 11 · Investments: publicly traded securities

    beginning of year $15,841,891 · end of year $17,011,499

  • 12 · Investments: other securities

    beginning of year $31,422,289 · end of year $30,786,874

  • 25 · Other liabilities

    beginning of year $39,017,823 · end of year $39,052,655

  • 27 · Net assets without donor restrictions

    beginning of year $8,586,252 · end of year $9,134,235

Mission and programs · 2024

Mission

SEE SCHEDULE O.

Activities or mission (Part I)

NONPROFIT ORGANIZATION ESTABLISHED TO SUPPORT THE CHARITABLE INITIATIVES OF UNIDOSUS.

  • GRANTS TO UNIDOSUS IN SUPPORT OF UNIDOSUS GENERAL OPERATIONS AND STRATEGIC PROGRAM ACTIVITIES.

    Expenses $3,812,360 · Grants $3,812,360

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

Listed in Part VII

  • JANET MURGUIA

    PRESIDENT & SECRETARY

    Total calculated
    $859,589
    From this org
    $0
    From related orgs
    $773,603
    Other
    $85,986
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $635,980 related
    Bonus
    $0 + $76,630 related
    Other
    $0 + $60,993 related
    Deferred
    $0 + $70,150 related
    Nontaxable benefits
    $0 + $15,836 related
    Filer's total
    $0 + $859,589 related

  • KEVIN SMITH

    EXECUTIVE DIRECTOR

    Total calculated
    $435,055
    From this org
    $19,603
    From related orgs
    $372,445
    Other
    $43,007
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $18,846 + $358,054 related
    Bonus
    $500 + $9,500 related
    Other
    $257 + $4,891 related
    Deferred
    $517 + $9,832 related
    Nontaxable benefits
    $1,633 + $31,025 related
    Filer's total
    $21,753 + $413,302 related

  • DARCY EISCHENS

    TREASURER

    Total calculated
    $266,022
    From this org
    $0
    From related orgs
    $234,755
    Other
    $31,267
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,607 related
    Bonus
    $0 + $5,000 related
    Other
    $0 + $5,148 related
    Deferred
    $0 + $16,374 related
    Nontaxable benefits
    $0 + $14,893 related
    Filer's total
    $0 + $266,022 related

  • KEN TRUJILLO

    BOARD MEMBER & CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOHN ESQUIVEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DR MARIA HARPER-MARINICK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GENE ORTEGA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

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

The filer's explanations (Part III)

PART I, LINE 3:
UNIDOS INVESTMENT FUND, INC RELIES ON UNIDOSUS, A RELATED ORGANIZATION, TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT & CEO. UNIDOSUS USES A COMPENSATION SURVEY OR STUDY, THE APPROVAL BY A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, AND BOARD APPROVAL.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • UNIDOSUS

    501(C)(3) · WORKS TO IMPROVE OPPORTUNITIES FOR HISPANIC AMERICANS · AZ

  • RAZA DEVELOPMENT FUND INC

    501(C)(3) · COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION · AZ

    Directly controlled by UNIDOSUS

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.5
Source object
202622259349300102

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