Latino Legislative Caucus Foundation
- Assets
- $393.8k
- Revenue
- $716.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Los Angeles, CA
- Founding
- 11/2007
- Data as of
- 12/2022
- EIN
- 20-1993440
Organization Overview
Latino Legislative Caucus Foundation is located in Los Angeles, CA. The organization was established in 2007. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Latino Legislative Caucus Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latino Legislative Caucus Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Latino Legislative Caucus Foundation generated $716.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $940.2k during the year ending 12/2022. While expenses have increased by 23.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Latino Legislative Caucus Foundation has awarded 42 individual grants totaling $452,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION AND SUPPORT OF LATINO CULTURE IN CALIFORNIA, INCREASED PARTICIPATION OF LATINOS AND LATINAS IN CALIFORNIA SOCIETY, TO EDUCATE THE PUBLIC ABOUT LATINO CULTURE AND HERITAGE ISSUES OF IMPORTANCE TO LATINOS AND LATINAS IN CALIFORNIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH A VARIETY OF PUBLIC EVENTS, BOTH THOSE ORGANIZED BY THE LLCF AND OTHER ORGANIZATIONS' EVENTS SPONSORED AND SUPPORTED BY THE LLCF, THE LLCF PUBLICIZED, BROUGHT PUBLIC ATTENTION AND GARNERED GREATER PUBLIC AWARENESS AND APPRECIATION OF LATINO CULTURE AND ACCOMPLISHMENTS OF LATINOS IN CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Elena Durazo Chair (president) | Officer | 2 | $0 |
Sabrina Cervantes Vice - Chair (secretary Tr | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Disney Destinations Llc Travel And Meetings | 12/30/22 | $175,328 |
Pruit Llc Fundraising | 12/30/22 | $153,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $716,459 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $716,459 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $716,459 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $111,500 |
| Grants and other assistance to domestic individuals. | $275,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,045 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,390 |
| Fees for services: Accounting | $4,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $153,600 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,485 |
| Advertising and promotion | $0 |
| Office expenses | $29,447 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $208,807 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,329 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,926 |
| Total functional expenses | $940,204 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $393,816 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $393,816 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $393,816 |
| Total liabilities and net assets/fund balances | $393,816 |
Grants Awarded
Over the last fiscal year, Latino Legislative Caucus Foundation has awarded $75,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
RIVERSIDE ART MUSEUM PURPOSE: TO SUPPORT ORGANIZATION'S PURPOSE | $10,000 |
CREATIVE VISIONS FOUNDATION PURPOSE: TO SUPPORT ORGANIZATION'S PURPOSE | $25,000 |
LMU HANNON LIBRARY PURPOSE: TO SUPPORT ORGANIZATION'S PURPOSE | $20,000 |
JAIME & BLANCA JARRIN FOUNDATION PURPOSE: TO SUPPORT ORGANIZATION'S PURPOSE | $10,000 |
UFW FOUNDATION PURPOSE: TO SUPPORT ORGANIZATION'S PURPOSE | $10,000 |