Totals
- Total revenue
- $5,163,771
- Total expenses
- $3,228,174
- Contributions and grants received
- $5,041,988
- Grants paid
- $0
- Program service revenue
- $32,750
- Investment income
- $122,767
- Other revenue
- -$33,734
- Total assets, end of year
- $5,324,037
- Total liabilities, end of year
- $455,049
- Net assets or fund balances, end of year
- $4,868,988
- Program services expenses (Part IX)
- $2,379,597
- Management and general expenses
- $523,082
- Fundraising expenses
- $325,495
- Program service expenses (Part III)
- $2,379,597
Program services were 73.7% 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.
-
1c · Fundraising events
$275,267
-
1f · All other contributions, gifts and grants
$4,766,721
-
2a · Program service revenue: FEES FOR SERVICES
total $32,750 · related or exempt $32,750
-
3 · Investment income
total $133,699 · excluded $133,699
-
7a · Gross sales of assets other than inventory
securities $1,629,167
-
7b · Less cost or other basis and sales expenses
securities $1,640,099
-
7c · Gain or loss
securities -$10,932
-
7d · Net gain or loss
total -$10,932 · excluded -$10,932
-
8a · Fundraising events: gross income
$11,867
-
8a · Fundraising events: contributions included on line 1c
$275,267
-
8b · Fundraising events: direct expenses
$69,690
-
8c · Net income from fundraising events
total -$57,823 · excluded -$57,823
-
11a · Other revenue: MISCELLANEOUS
total $24,089 · related or exempt $24,089
-
11e · Other revenue, total
$24,089
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $193,556 · program services $116,134 · management and general $38,711 · fundraising $38,711
-
7 · Other salaries and wages
total $1,130,221 · program services $909,312 · management and general $125,489 · fundraising $95,420
-
8 · Pension plan contributions
total $32,254 · program services $20,755 · management and general $11,499
-
9 · Other employee benefits
total $153,233 · program services $81,892 · management and general $42,413 · fundraising $28,928
-
10 · Payroll taxes
total $97,946 · program services $76,533 · management and general $11,757 · fundraising $9,656
-
11c · Fees: accounting
total $33,072 · program services $18,388 · management and general $10,874 · fundraising $3,810
-
11g · Fees: other
total $1,159,482 · program services $879,909 · management and general $159,108 · fundraising $120,465
-
13 · Office expenses
total $82,964 · program services $55,691 · management and general $22,561 · fundraising $4,712
-
16 · Occupancy
total $84,406 · program services $54,670 · management and general $15,328 · fundraising $14,408
-
17 · Travel
total $30,723 · program services $24,215 · management and general $5,528 · fundraising $980
-
19 · Conferences, conventions and meetings
total $103,755 · program services $81,046 · management and general $21,731 · fundraising $978
-
22 · Depreciation, depletion and amortization
total $6,842 · program services $4,324 · management and general $1,293 · fundraising $1,225
-
24a · Other expenses: SUBSCRIPTIONS AND PUBLI
total $56,710 · program services $21,427 · management and general $32,840 · fundraising $2,443
-
24b · Other expenses: MISCELLANEOUS
total $54,882 · program services $35,301 · management and general $15,822 · fundraising $3,759
-
24c · Other expenses: BANK FEES
total $8,128 · management and general $8,128
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $35,606 · end of year $328,364
-
2 · Savings and temporary cash investments
beginning of year $940,281 · end of year $412,442
-
3 · Pledges and grants receivable
beginning of year $109,340 · end of year $530,000
-
9 · Prepaid expenses and deferred charges
beginning of year $23,496 · end of year $14,353
-
10a · Land, buildings and equipment: cost or other basis
$48,476
-
10b · Land, buildings and equipment: accumulated depreciation
$35,202
-
10c · Land, buildings and equipment, net
beginning of year $9,531 · end of year $13,274
-
11 · Investments: publicly traded securities
beginning of year $2,235,384 · end of year $4,016,104
-
15 · Other assets
beginning of year $9,500 · end of year $9,500
-
17 · Accounts payable and accrued expenses
beginning of year $139,501 · end of year $87,617
-
25 · Other liabilities
beginning of year $326,341 · end of year $367,432
-
27 · Net assets without donor restrictions
beginning of year $2,547,842 · end of year $3,526,379
-
28 · Net assets with donor restrictions
beginning of year $349,454 · end of year $1,342,609
Mission and programs · 2023
Mission
TO BUILD THE POWER, INFLUENCE AND LEADERSHIP OF THE LATINO COMMUNITY THROUGH COLLECTIVE ACTION TO TRANSFORM PUBLIC POLICIES THAT ENSURE THE WELL BEING OF OUR COMMUNITY AND SOCIETY AS A WHOLE.
Activities or mission (Part I)
TO PROMOTE AND ADVOCATE FOR EQUITABLE PARTICIPATION AND ACCESS IN HOUSING AND OTHER PRIORITY AREAS FOR LATINOS IN THE CHICAGO METROPOLITAN REGION BY EFFECTING CHANGE IN PUBLIC AND PRIVATE POLICIES AND PRACTICES.
-
EARLY CHILDHOOD EDUCATION - CLOSE THE EDUCATIONAL GAP OF LATINO CHILDREN BY PROMOTING POLICIES THAT IMPROVE ACCESS TO AND THE QUALITY OF EARLY CHILDHOOD EDUCATION PROGRAMS.
Expenses $918,747
-
STRENGTHEN COMMUNITY AND MULTICULTURAL LEADERSHIP ACADEMY - SEEKS TO PROMOTE UNDERSTANDING AMONG AND BETWEEN LATINO AND NON-LATINO COMMUNITIES TO STRENGTHEN ALLIANCES AND FURTHER A COMMON AGENDA. THROUGH THIS WORK, THE FORUM AIMS TO STRENGTHEN LATINO LED ORGANIZATIONS; INCREASE SOCIAL SERVICE PROVISION TO LATINOS IN THE SUBURBS; AND DEVELOP A NETWORK OF EFFECTIVE LATINO LED/SERVING NONPROFITS IN THE CHICAGO REGION. THE FORUM COLLABORATES WITH VARIOUS PARTNERS TO EXECUTE THIS STRATEGY.
Expenses $1,019,413 · Revenue $56,839
-
LATINO POLICY FORUM IS ACTING AS A FISCAL SPONSOR FOR IL UNIDOS, A CONSORTIUM OF OVER 70 LATINO ELECTED AND APPOINTED OFFICIALS, HEALTH PROFESSIONALS AND REPRESENTATIVES OF COMMUNITY-BASED ORGANIZATIONS WHOSE PURPOSE IS TO HIGHLIGHT AND ADDRESS THE CRITICAL NEED TO STOP THE COVID-19 CRISIS THAT IS DISPROPORTIONATLEY IMPACTED LATINOS IN ILLINOIS.
Expenses $441,437
As filed on the 2023 return.
Listed in Part VII
-
Edgar RamirezEDGAR RAMIREZ
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Dorothy AbreuDOROTHY ABREU
PAST PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Juan Carlos LinaresJUAN CARLOS LINARES
VICE PRESIDENT & TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Gloria TrejoGLORIA TREJO
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Amalia RiojaAMALIA RIOJA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel ChavezDANIEL CHAVEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric LugoERIC LUGO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John BetancurJOHN BETANCUR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laritza LopezLARITZA LOPEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maria S DoughtyMARIA S DOUGHTY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maricela GarciaMARICELA GARCIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert CabanelasROBERT CABANELAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sylvia PuenteSYLVIA PUENTE
PRESIDENT/CEO
- Total calculated
- $171,794
- From this org
- $153,985
- From related orgs
- $0
- Other
- $17,809
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $153,985
- Bonus
- $0
- Other
- $0
- Deferred
- $11,584
- Nontaxable benefits
- $6,225
- Filer's total
- $171,794
-
Rebecca Vonderlack-NavarroREBECCA VONDERLACK-NAVARRO
VICE PRESIDENT OF EDUCATION POLICY & RESEARCH
- Total calculated
- $128,045
- From this org
- $102,906
- From related orgs
- $0
- Other
- $25,139
- 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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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 4B
- SYLVIA PUENTE IS A PARTICIPANT IN A NONQUALIFIED RETIREMENT PLAN UNDER SECTION 457. MARICELA GARCIA IS ALSO A PARTICIPANT IN A NONQUALIFIED RETIREMENT PLAN UNDER SECTION 457 FOR PAST SERVICE AS THE ORGANIZATION'S EXECUTIVE DIRECTOR AND PRESIDENT/CEO.
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
- 31 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403119349302440
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