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Nonprofiteer
← LATINO COMMUNITY FOUNDATION

Form 990 for tax year 2022

Filed by LATINO COMMUNITY FOUNDATION.

Totals

Total revenue
$26,130,512
Total expenses
$10,526,822
Contributions and grants received
$26,035,012
Grants paid
$5,910,900
Program service revenue
$0
Investment income
$95,500
Other revenue
$0
Total assets, end of year
$40,505,366
Total liabilities, end of year
$1,304,098
Net assets or fund balances, end of year
$39,201,268
Program services expenses (Part IX)
$9,642,597
Management and general expenses
$417,790
Fundraising expenses
$466,435
Program service expenses (Part III)
$9,642,597

Program services were 91.6% 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

    $62,018

  • 1e · Government grants (contributions)

    $2,538,129

  • 1f · All other contributions, gifts and grants

    $23,434,865

  • 1g · Noncash contributions included above

    $2,000,000

  • 3 · Investment income

    total $91,372 · excluded $91,372

  • 7a · Gross sales of assets other than inventory

    securities $1,245,000

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

    securities $1,240,872

  • 7c · Gain or loss

    securities $4,128

  • 7d · Net gain or loss

    total $4,128 · excluded $4,128

  • 8a · Fundraising events: gross income

    $32,982

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

    $62,018

  • 8b · Fundraising events: direct expenses

    $32,982

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,910,900 · program services $5,910,900

  • 5 · Compensation of officers, directors and key employees

    total $573,704 · program services $448,120 · management and general $59,379 · fundraising $66,205

  • 7 · Other salaries and wages

    total $1,974,669 · program services $1,542,414 · management and general $204,378 · fundraising $227,877

  • 8 · Pension plan contributions

    total $53,000 · program services $41,398 · management and general $5,486 · fundraising $6,116

  • 9 · Other employee benefits

    total $126,389 · program services $98,723 · management and general $13,081 · fundraising $14,585

  • 10 · Payroll taxes

    total $171,511 · program services $133,968 · management and general $17,751 · fundraising $19,792

  • 11b · Fees: legal

    total $9,003 · program services $6,777 · management and general $925 · fundraising $1,301

  • 11c · Fees: accounting

    total $196,275 · program services $143,036 · management and general $20,632 · fundraising $32,607

  • 11f · Fees: investment management

    total $17,410 · management and general $17,410

  • 11g · Fees: other

    total $179,386 · program services $135,042 · management and general $18,423 · fundraising $25,921

  • 12 · Advertising and promotion

    total $13,670 · program services $10,681 · management and general $1,413 · fundraising $1,576

  • 13 · Office expenses

    total $33,657 · program services $26,297 · management and general $3,480 · fundraising $3,880

  • 16 · Occupancy

    total $183,710 · program services $143,532 · management and general $18,996 · fundraising $21,182

  • 17 · Travel

    total $149,503 · program services $105,832 · management and general $9,868 · fundraising $33,803

  • 23 · Insurance

    total $18,971 · program services $14,822 · management and general $1,962 · fundraising $2,187

  • 24a · Other expenses: COMMUNITY BENEFITS

    total $812,562 · program services $812,562

  • 24b · Other expenses: STAFF & BOARD TRAINING

    total $41,562 · program services $32,472 · management and general $4,298 · fundraising $4,792

  • 24c · Other expenses: UNCOLLECTIBLE CONTRIBUTIO

    total $24,891 · program services $8,368 · management and general $16,523

  • 24d · Other expenses: MEMBERSHIP DUES

    total $11,377 · program services $8,889 · management and general $1,176 · fundraising $1,312

  • 24e · All other expenses

    total $24,672 · program services $18,764 · management and general $2,609 · fundraising $3,299

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,529,188 · end of year $22,799,556

  • 2 · Savings and temporary cash investments

    beginning of year $15,024,392 · end of year $1,676,649

  • 3 · Pledges and grants receivable

    beginning of year $2,669,134 · end of year $4,242,900

  • 4 · Accounts receivable

    beginning of year $15,523

  • 9 · Prepaid expenses and deferred charges

    beginning of year $33,346 · end of year $60,589

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

    $44,561

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

    $41,142

  • 10c · Land, buildings and equipment, net

    beginning of year $7,732 · end of year $3,419

  • 11 · Investments: publicly traded securities

    beginning of year $1,502,016 · end of year $11,370,759

  • 15 · Other assets

    beginning of year $202,618 · end of year $351,494

  • 17 · Accounts payable and accrued expenses

    beginning of year $638,034 · end of year $926,368

  • 25 · Other liabilities

    beginning of year $220,315 · end of year $377,730

  • 27 · Net assets without donor restrictions

    beginning of year $5,812,313 · end of year $10,410,128

  • 28 · Net assets with donor restrictions

    beginning of year $18,313,287 · end of year $28,791,140

Mission and programs · 2022

Mission

LCF EXISTS TO UNLEASH THE CIVIC AND ECONOMIC POWER OF LATINOS IN CALIFORNIA. LCF FULFILLS THE MISSION BY BUILDING A MOVEMENT OF CIVICALLY ENGAGED PHILANTHROPIC LEADERS, INVESTING IN LATINO-LED (CONTINUE ON SCH O)

  • LINE 4A - BUILDING CIVIC POWER: LATINO POWER FUND LCF'S LATINO POWER FUND FURTHERS THE FOUNDATION'S MISSION TO BUILD THE CIVIC POWER OF LATINOS IN CALIFORNIA. LCF LEVERAGES ITS UNIQUE ROLE AS A GRANTMAKER, CONVENER, AND ADVOCATE TO BUILD AND ACTIVATE A NETWORK OF CHANGEMAKERS IN REGIONS LIKE THE CENTRAL VALLEY, CENTRAL COAST, AND THE INLAND EMPIRE. THE WORK HAS RESULTED IN LEVERAGING OVER 300 MILLION IN FEDERAL RESOURCES IN 2022, INCREASED VOTER PARTICIPATION IN THE CENTRAL VALLEY IN 2022, AND OVER 2 MILLION IN NEW PRIVATE FUNDS TO A NETWORK OF 27 ORGANIZATIONS THROUGH LCF'S LATINO NONPROFIT ACCELERATOR. LCF HAS ADDRESSED THE PHILANTHROPIC INEQUITY AND DISINVESTMENT OF LATINO COMMUNITIES BY ORGANIZING THE LARGEST MOVEMENT OF LATINO DONORS IN THE NATION AND BY PARTNERING WITH STATEWIDE AND REGIONAL FOUNDATIONS. IN 2022, LCF LED CONVENINGS ACROSS THE STATE TO AMPLIFY THE VOICES OF LATINOS AND INSPIRE A PHILANTHROPIC MOVEMENT TO LIBERATE CAPITAL FOR LATINO COMMUNITIES ACROSS CALIFORNIA. LCF HAS LEVERAGED AND UTILIZED MEDIA TO HELP SHAPE AN ASSET- BASED NARRATIVE ABOUT THE VALUE AND CONTRIBUTIONS OF LATINOS, YOUTH VOTERS, AND LATINO-LED NONPROFITS. LCF IS CONFIDENT IN THE COMMUNITY'S ABILITY TO INFORM, SHAPE, AND CREATE THE SOCIAL CHANGE NEEDED FOR A STRONG MULTI- RACIAL DEMOCRACY AND AN INCLUSIVE, JUST ECONOMY.

    Expenses $5,485,446 · Grants $3,157,400

  • LINE 4B -BUILDING ECONOMIC POWER IN 2022, LCF STRENGTHENED AND EXPANDED ITS ECONOMIC JUSTICE WORK BY HIRING TWO KEY STAFF TO LEAD PROGRAMS AND GRANTMAKING THAT WOULD INCREASE OPPORTUNITIES FOR ECONOMIC MOBILITY AND GROWTH IN OUR COMMUNITIES. THIS INCLUDES EFFORTS TO INCREASE ACCESS TO CAPITAL TO ENTREPRENEURS, ESTABLISH NEW COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS, INVEST IN LATINA ENTREPRENEURS, AND SUPPORT STATE EFFORTS TO PLACE LATINOS IN HIGHER-PAYING JOBS ACROSS THE STATE. THE LCF TEAM WORKED TO LEVERAGE STATE AND FEDERAL OPPORTUNITIES THAT WOULD INCREASE JOB OPPORTUNITIES AND SMALL BUSINESS GROWTH FOR LATINOS.

    Expenses $2,494,586 · Grants $1,650,000

  • LINE 4C RAPID RESPONSE INITIATIVE - LCF LEVERAGES ITS ROLE AS A COMMUNITY FOUNDATION AND ITS KNOWLEDGE OF LATINO-LED NONPROFITS TO RESPOND TO IMMEDIATE AND TIME SENSITIVE MATTERS THAT HAVE A MAJOR IMPACT IN THE WELLBEING OF LATINO COMMUNITIES. THIS INCLUDES LAUNCHING RAPID RESPONSE FUNDS OR DISASTER RELIEF FUNDS TO SUPPORT LOCAL NONPROFITS ON THE FRONTLINES OF SERVING, SUPPORTING, OR ADVOCATING FOR LATINO FAMILIES AND YOUTH.

    Expenses $990,565 · Grants $431,500

  • INSPIRE PHILANTHROPY - (DONOR ADVISED FUNDS).

    Expenses $672,000 · Grants $672,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JACQUELINE MARTINEZ GARCEL

    CEO

    Total calculated
    $385,089
    From this org
    $357,741
    From related orgs
    $0
    Other
    $27,348
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $307,206
    Bonus
    $50,000
    Other
    $535
    Deferred
    $9,150
    Nontaxable benefits
    $18,198
    Filer's total
    $385,089

  • MARIYA CHERNYAK

    SR VP PRG/BR

    Total calculated
    $194,220
    From this org
    $175,903
    From related orgs
    $0
    Other
    $18,317
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,889
    Bonus
    $10,000
    Other
    $14
    Deferred
    $5,510
    Nontaxable benefits
    $12,807
    Filer's total
    $194,220

  • MARIA ZAYAS CARNES

    CFO

    Total calculated
    $188,615
    From this org
    $165,887
    From related orgs
    $0
    Other
    $22,728
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,320
    Bonus
    $10,000
    Other
    $567
    Deferred
    $5,154
    Nontaxable benefits
    $17,574
    Filer's total
    $188,615

  • MARCELA MUNIZ

    VP OF PHILAN

    Total calculated
    $167,338
    From this org
    $143,089
    From related orgs
    $0
    Other
    $24,249
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,089
    Bonus
    $10,000
    Other
    not reported
    Deferred
    $4,689
    Nontaxable benefits
    $19,560
    Filer's total
    $167,338

  • CHRISTIAN ARANA

    VP OF POLICY

    Total calculated
    $143,891
    From this org
    $133,040
    From related orgs
    $0
    Other
    $10,851
    Hours/week
    40

  • SAMANTHA SANDOVAL

    SR DIR GRNTM

    Total calculated
    $115,663
    From this org
    $105,455
    From related orgs
    $0
    Other
    $10,208
    Hours/week
    40

  • DIANA OTERO

    SENIOR DIR S

    Total calculated
    $114,932
    From this org
    $111,500
    From related orgs
    $0
    Other
    $3,432
    Hours/week
    40

  • BEATRIZ ACEVEDO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ARNOLDO AVALOS

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • NORAMAY CADENA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • CRISANTEMA GALLARDO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • EZRA GARRETT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • ZAC GUEVARA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • HEATHER JOHNSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • SONIA BASSHEVA MANJON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • MARISA MORET

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • STACIE OLIVARES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • STEVEN WOLFE PEREIRA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • KURT ORGANISTA PHD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • JOSE ANTONIO RAMIREZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • DANIEL L SKAFF

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • HONORABLE LYDIA VILLARREAL

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

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 · Independent compensation consultant
  • 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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202313189349305361

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

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