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Nonprofiteer
← MI CASA RESOURCE CENTER

Form 990 for tax year 2024

Filed by MI CASA RESOURCE CENTER.

Totals

Total revenue
$3,035,061
Total expenses
$3,756,183
Contributions and grants received
$2,621,044
Grants paid
$0
Program service revenue
$47,893
Investment income
$319,824
Other revenue
$46,300
Total assets, end of year
$8,343,236
Total liabilities, end of year
$159,722
Net assets or fund balances, end of year
$8,183,514
Program services expenses (Part IX)
$2,653,410
Management and general expenses
$737,152
Fundraising expenses
$365,621
Program service expenses (Part III)
$2,653,410

Program services were 70.6% 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

    $34,961

  • 1e · Government grants (contributions)

    $846,871

  • 1f · All other contributions, gifts and grants

    $1,739,212

  • 2a · Program service revenue: CLASS FEES

    total $47,893 · related or exempt $47,893

  • 3 · Investment income

    total $172,690 · excluded $172,690

  • 6a · Gross rents

    real property $38,810

  • 6c · Rental income or loss

    real property $38,810

  • 6d · Net rental income or loss

    total $38,810 · excluded $38,810

  • 7a · Gross sales of assets other than inventory

    securities $941,609

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

    securities $794,475

  • 7c · Gain or loss

    securities $147,134

  • 7d · Net gain or loss

    total $147,134 · excluded $147,134

  • 8a · Fundraising events: gross income

    $30,122

  • 8a · Fundraising events: contributions included on line 1c

    $34,961

  • 8b · Fundraising events: direct expenses

    $30,122

  • 11a · Other revenue: OTHER CONTRACTS

    total $4,293 · related or exempt $4,293

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $3,197 · related or exempt $3,197

  • 11e · Other revenue, total

    $7,490

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $277,301 · program services $80,379 · management and general $139,183 · fundraising $57,739

  • 7 · Other salaries and wages

    total $2,041,515 · program services $1,580,568 · management and general $306,262 · fundraising $154,685

  • 8 · Pension plan contributions

    total $42,337 · program services $37,297 · management and general $2,833 · fundraising $2,207

  • 9 · Other employee benefits

    total $190,092 · program services $148,595 · management and general $28,131 · fundraising $13,366

  • 10 · Payroll taxes

    total $178,066 · program services $139,545 · management and general $25,251 · fundraising $13,270

  • 11b · Fees: legal

    total $12,013 · management and general $12,013

  • 11e · Fees: professional fundraising services

    total $76,551 · fundraising $76,551

  • 11f · Fees: investment management

    total $29,611 · management and general $29,611

  • 11g · Fees: other

    total $51,506 · program services $20,107 · management and general $29,726 · fundraising $1,673

  • 13 · Office expenses

    total $32,673 · program services $22,758 · management and general $8,148 · fundraising $1,767

  • 14 · Information technology

    total $74,488 · program services $43,500 · management and general $18,654 · fundraising $12,334

  • 16 · Occupancy

    total $192,721 · program services $139,031 · management and general $42,933 · fundraising $10,757

  • 17 · Travel

    total $11,467 · program services $7,482 · management and general $3,746 · fundraising $239

  • 22 · Depreciation, depletion and amortization

    total $132,238 · program services $99,665 · management and general $24,512 · fundraising $8,061

  • 23 · Insurance

    total $50,089 · program services $41,388 · management and general $5,348 · fundraising $3,353

  • 24a · Other expenses: PROGRAMMING

    total $195,838 · program services $187,106 · management and general $8,694 · fundraising $38

  • 24b · Other expenses: COMMUNICATIONS

    total $71,309 · program services $59,095 · management and general $7,963 · fundraising $4,251

  • 24c · Other expenses: STAFF TRAINING

    total $59,699 · program services $30,228 · management and general $26,564 · fundraising $2,907

  • 24d · Other expenses: DUES AND MEMBERSHIPS

    total $22,618 · program services $15,414 · management and general $7,046 · fundraising $158

  • 24e · All other expenses

    total $14,051 · program services $1,252 · management and general $10,534 · fundraising $2,265

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,314,342 · end of year $1,718,522

  • 2 · Savings and temporary cash investments

    beginning of year $148,650 · end of year $13,261

  • 3 · Pledges and grants receivable

    beginning of year $760,483 · end of year $427,002

  • 9 · Prepaid expenses and deferred charges

    beginning of year $30,218 · end of year $28,028

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

    $3,154,483

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

    $875,643

  • 10c · Land, buildings and equipment, net

    beginning of year $2,327,121 · end of year $2,278,840

  • 11 · Investments: publicly traded securities

    beginning of year $3,481,088 · end of year $3,806,505

  • 15 · Other assets

    beginning of year $72,420 · end of year $71,078

  • 17 · Accounts payable and accrued expenses

    beginning of year $199,115 · end of year $159,722

  • 24 · Unsecured notes and loans payable

    beginning of year $111,111

  • 27 · Net assets without donor restrictions

    beginning of year $7,262,573 · end of year $7,593,540

  • 28 · Net assets with donor restrictions

    beginning of year $1,561,523 · end of year $589,974

Mission and programs · 2024

Mission

ADVANCING ECONOMIC PROSPERITY OF THE LATINO COMMUNITY.

  • BUSINESS PATHWAYS BUSINESS PATHWAYS, WHICH OPERATES THE WOMENS BUSINESS CENTER UNDER THE U.S. SMALL BUSINESS ADMINISTRATION, PROVIDES COMPREHENSIVE SERVICES FOR UNDERSERVED BUSINESS OWNERS AND ENTREPRENEURS WITH AN EMPHASIS ON WOMEN, MINORITIES, AND LOW-INCOME PARTICIPANTS. SERVICES INCLUDE KNOWLEDGE AND SKILL BUILDING THROUGH LONG-TERM TRAINING, ONE-ON-ONE CONSULTING, INDUSTRY-FOCUSED CONNECTIONS, ACCESS TO CAPITAL, CONNECTIONS TO LEGAL ADVICE, AND WRAPAROUND SUPPORT. IN LOW-INCOME COMMUNITIES, BUSINESS OWNERSHIP GENERATES WEALTH AND CREATES A POSITIVE RIPPLE EFFECT OF INCREASED PROSPERITY IN FAMILIES AND COMMUNITIES. BUSINESS OWNERSHIP IS AN ESSENTIAL STRATEGY FOR ECONOMIC INDEPENDENCE, BOTH FOR BUSINESS OWNERS AND THEIR EMPLOYEES. BUSINESS PATHWAYS SUPPORTS PARTICIPANTS THROUGH ALL STAGES OF BUSINESS DEVELOPMENT FROM START-UP TO GROWTH AND EXPANSION. BUSINESS PATHWAYS PROGRAMMING IS OFFERED IN ENGLISH AND SPANISH. BUSINESS PATHWAYS OFFERS TWO TRACKS OF LONG-TERM TRAINING. BUSINESS BASIC AND ADVANCED ARE TAILORED TO SUPPORT ASPIRING AND THEN EXISTING BUSINESS OWNERS TO BOTH BUILD FOUNDATIONAL STILLS AND THEN STRATEGIC TOOLS AND TECHNIQUES TO EXPAND THEIR BUSINESS SUCCESSFULLY. LA RECETA BASIC AND ADVANCED HAS A SIMILAR STRUCTURE BUT IS FOCUSED ON BUSINESSES IN THE FOOD AND ACCOMMODATION SECTOR. BUSINESS PATHWAYS OFFERS AN EMPOWERHER, A TRAINING FOR WOMEN LEADERS OF COLOR THAT FOCUSES ON CONFIDENCE, GROWTH MINDSETS, LEADERSHIP VS. MANAGEMENT, AND IMPOSTER SYNDROME. MI CASA ADMINISTERS THE PATENT PROGRAM WHICH REFERS QUALIFIED LOW-INCOME INVENTORS TO VOLUNTEER PATENT PROFESSIONALS. THE PATENT PROGRAM SERVES RESIDENTS IN COLORADO, MONTANA, NEW MEXICO, UTAH AND WYOMING. THIS PROGRAM IS PART OF A NATIONWIDE NETWORK OF PATENT PRO BONO SERVICES COORDINATED BY THE U.S. PATENT & TRADEMARK OFFICE.

    Expenses $1,170,601

  • CAREER PATHWAYS CAREER PATHWAYS TRAINS, SUPPORTS, AND CONNECTS LOW-INCOME JOB SEEKERS TO HIGH-DEMAND CAREERS THAT MEET THEIR PERSONAL AND PROFESSIONAL NEEDS. WITH MI CASAS SUPPORT, PARTICIPANTS GAIN THE EDUCATION AND SKILLS NEEDED TO GENERATE INCOME AND MOVE UP CAREER LADDERS. THE FRAMEWORK OF CAREER PATHWAYS INCLUDES KNOWLEDGE AND SKILL BUILDING, INDUSTRY-SPECIFIC COLLABORATION, EDUCATIONAL ATTAINMENT, CONFIDENCE AND SUSTAINABLE SUCCESS, SYSTEMIC EQUITY, AND DIGITAL ACCESS AND TECHNOLOGY. CAREER PATHWAYS OFFERS A HOLISTIC APPROACH THAT ADDRESSES THE PERSON AND PROFESSIONAL NEEDS OF LOW-INCOME COMMUNITY MEMBERS. WITH MULTIPLE ENTRY POINTS THAT INCLUDE NAVIGATION, COACHING, TRAINING, AND POSTSECONDARY PLACEMENT, MI CASA CREATES PATHWAYS TO CAREER PLACEMENT AND ADVANCEMENT. MI CASAS NAVIGATION SERVICES USE A STRENGTH-BASED APPROACH THAT IDENTIFIES ATTITUDES, CAPACITY, LEVELS OF SELF-DETERMINATION, AND COMMUNITY RESOURCES. MI CASAS STRENGTH-BASED CAREER COACHING OFFERS ONE-ON-ONE SUPPORT THROUGHOUT THE JOB SEARCH AND EMPLOYMENT PROCESS. CAREER PATHWAYS OFFERS THREE LONG-TERM TRAININGS. BANKING ESSENTIALS TRAINING PREPARES PARTICIPANTS FOR HIGH-DEMAND EMPLOYMENT IN THE BANKING AND FINANCIAL SECTOR. MEDICAL OFFICE ADMINISTRATION TRAINING COMBINES SOFT SKILLS, TECHNICAL SKILLS, EMPLOYER ENGAGEMENT, AND CREDENTIAL ATTAINMENT IN PARTNERSHIP WITH ARAPAHOE COMMUNITY COLLEGE (ACC). HUMAN RESOURCES (HR) TRAINING TEACHES CORE SKILLS FOR A CAREER IN HR AND ADMINISTRATIVE POSITIONS AND PARTICIPANTS CAN EARN COLLEGE CREDIT AT METROPOLITAN STATE UNIVERSITY DENVER (MSU DENVER). MI CASA HAS MEMORANDUMS OF UNDERSTANDING WITH ACC AND MSU DENVER TO IMPLEMENT STACKABLE CREDENTIAL MODELS LEADING TO INDUSTRY-RECOGNIZED CERTIFICATES THAT CAN LEAD INTO ASSOCIATE AND BACHELORS DEGREES. PARTICIPANTS WHO GRADUATE FROM MI CASAS CAREER TRAININGS CAN TAKE PRIOR LEARNING ASSESSMENTS AND EARN COLLEGE CREDITS THAT APPLY TO CERTIFICATES AT EACH OF THE COLLEGES. MI CASA ALSO OFFERS GOOGLE PROFESSIONAL CERTIFICATES WITH SIX OPTIONS: IT SUPPORT, IT AUTOMATION WITH PYTHON CERTIFICATE, DATA ANALYTICS, PROJECT MANAGEMENT, UX DESIGN, AND DIGITAL MARKETING & E-COMMERCE.

    Expenses $1,482,809 · Revenue $47,893

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

Listed in Part VII

  • Angeles Ortega

    CEO

    Total calculated
    $171,708
    From this org
    $161,843
    From related orgs
    $0
    Other
    $9,865
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,843
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,429
    Nontaxable benefits
    $3,436
    Filer's total
    $171,708
  • Cris Cardenas

    DIRECTOR OF

    Total calculated
    $101,265
    From this org
    $97,293
    From related orgs
    $0
    Other
    $3,972
    Hours/week
    40
  • Nishana John

    DIRECTOR OF

    Total calculated
    $116,341
    From this org
    $106,476
    From related orgs
    $0
    Other
    $9,865
    Hours/week
    40
  • Chad Schneider

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Alexis Harrigan

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tyler Jaeckel

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Katherine Keegan

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Sarah Murphy

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Monika Stenger

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Cristal Corral-Macias

    MEMBER THRU

    Total calculated
    $0
    Hours/week
    1
  • Lucinda Flores

    MEMBER THRU

    Total calculated
    $0
    Hours/week
    1
  • Margaret Nevarez

    MEMBER THRU

    Total calculated
    $0
    Hours/week
    1
  • Maria Yarbough

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Lauri Muller-Girard

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Emmett Romine

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Murugan Palani

    MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Arnulfo Hernandez

    MEMBER THRU

    Total calculated
    $0
    Hours/week
    1
  • Alicia Arkulary-Montoya

    MEMBER THRU

    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 · 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
24 July 2025
IRS schema version
2024v5.0
Source object
202532059349300518

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