The Latino Student Fund
- Assets
- $950.1k
- Revenue
- $854.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Washington, DC
- Founding
- 04/1995
- Data as of
- 08/2023
- EIN
- 52-1859975
Organization Overview
The Latino Student Fund is located in Washington, DC. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 08/2023, Latino Student Fund employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latino Student Fund 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 08/2023, Latino Student Fund generated $854.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $1.0m during the year ending 08/2023. While expenses have increased by 6.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE OPPORTUNITIES FOR A STRONG ACADEMIC FOUNDATION FOR UNDERSERVED PRE-K TO 12TH GRADE STUDENTS OF HISPANIC DESCENT AND TO PROMOTE HIGHER EDUCATION AND PROFESSIONAL LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY RESOURCES ACCESS PROGRAM 2011 TO PRESENT THE ACCESS PROGRAM PROVIDES PARENT WORKSHOPS, SCHOOL FAIRS, AND INDIVIDUALIZED CONSULTATIONS FOR STUDENTS APPLYING TO INDEPENDENT AND PAROCHIAL SCHOOLS FOR GRADES PREK-12 IN THE WASHINGTON, DC AREA. OUR ORGANIZATIONS WORK IN THE PAST SCHOLARS PROGRAM 1994 TO PRESENT MERIT BASED TUITION STIPENDS FOR PREK TO 12TH GRADE HISPANIC STUDENTS ATTENDING LOCAL INDEPENDENT AND PAROCHIAL SCHOOLS. THE LATINO STUDENT FUND DISCONTINUED THE SCHOLARS PROGRAM ,STUDENTS PREVIOUSLY ENROLLED IN THE PROGRAM HAVE BEEN GRANDFATHERED FOR SERVICES UNTIL THEY GRADUATE FROM HIGH SCHOOL. THE ORGANIZATION PARTNERED WITH CRIMSONBRIDGE FOUNDATION TO PROVIDE SCHOLARSHIPS TO STUDENTS TO ATTEND LOCAL INDEPENDENT AND PAROCHIAL SCHOOLS.
LISTO 2010 TO PRESENT LISTO WORKS WITH 11TH AND 12TH GRADE YOUTH TO PREPARE THEM ACADEMICALLY FOR POST SECONDARY EDUCATION AND TO PROVIDE THEM WITH SUPPORT THROUGH THE COLLEGE APPLICATION AND FINANCIAL AID PROCESS. THE PROGRAM INCLUDES HOMEWORK ASSISTANCE, COLLEGE APPLICATION ASSISTANCE, FINANCIAL LITERACY WORKSHOPS, CAREER COUNSELING, AND MENTORING. THE LATINO STUDENT FUND ALSO HOSTS A COLLEGE AND SCHOLARSHIP FAIR AND SAT PREPARATION COURSE. LISTO RAPIDO 2010 TO PRESENT LISTO RAPIDO IS A ONE WEEK INTENSIVE SUMMER COLLEGE PREP COURSE THAT TEACHES RISING 10TH - 12TH GRADE STUDENTS THE BASICS OF THE COLLEGE ADMISSIONS PROCESS. THE PROGRAM PROVIDES GUIDED COLLEGE RESEARCH, POST SECONDARY ADMISSIONS, FINANCIAL AID, AND FINANCIAL LITERACY WORKSHOPS, NETWORKING WITH COLLEGE STUDENTS AND CAREER PROFESSIONALS, A FULL DAY COLLEGE VISIT, AND A CAREER DAY TRIP TO LOCAL BUSINESSES.
TUTORING COMPUTER LITERACY CLASS 2015 TO PRESENT THE COMPUTER LITERACY COURSE PROVIDES PARENTS TOOLS TO FURTHER THEIR CAREER DEVELOPMENT AND ALLOWS THE LATINO STUDENT FUND TO PROVIDE CROSS PROGRAM SUPPORT. OFFERED IN A PARTNERSHIP WITH BYTEBACK, THE COURSE FOCUSES ON UNDERSTANDING THE COMPUTER, TYPING, EMAILING, DOCUMENT CREATION, AS WELL AS HOW TO NAVIGATE THE INTERNET. ENGLISH AS A SECOND LANGUAGE CLASS 2005 TO PRESENT THE LATINO STUDENT FUND BEGAN OFFERING ESL CLASSES FOR PARENTS OF TUTORING STUDENTS AND IN RECENT YEARS OPENED THE CLASSES TO MEMBERS OF THE COMMUNITY. THE TWO LEVELS OF ESL CLASSES AIM TO INCREASE FUNCTIONAL AND CONVERSATIONAL ENGLISH, PARTICULARLY FOR NAVIGATING THE SCHOOL ENVIRONMENT, AS WELL AS TO TEACH PARENTS THE METHODS USED IN THE TUTORING PROGRAM AND HOW TO REPLICATE THEM IN ANY LANGUAGE AT HOME. CONTINUED ON SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Fernanda Borja President | OfficerTrustee | 55 | $95,284 |
Alejandra Montenegro Almonte Secretary | OfficerTrustee | $0 | |
Jeyben J Castro Vice Chair | OfficerTrustee | 2 | $0 |
Claudia Saad Chair | OfficerTrustee | 8 | $0 |
Luis Corrales Treasurer | OfficerTrustee | 2 | $0 |
Cristal Brun Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $302,811 |
| All other contributions, gifts, grants, and similar amounts not included above | $561,795 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $864,606 |
| Total Program Service Revenue | $15,250 |
| Investment income | $8,095 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$33,180 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $854,771 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $139,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $117,750 |
| Compensation of current officers, directors, key employees. | $9,300 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $444,311 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,917 |
| Payroll taxes | $27,190 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,427 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,668 |
| Advertising and promotion | $0 |
| Office expenses | $41,618 |
| Information technology | $18,588 |
| Royalties | $0 |
| Occupancy | $51,718 |
| Travel | $11,884 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,754 |
| Insurance | $16,678 |
| All other expenses | $0 |
| Total functional expenses | $1,042,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $839,053 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $63,040 |
| 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 | $2,393 |
| Net Land, buildings, and equipment | $4,979 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,622 |
| Total assets | $950,087 |
| Accounts payable and accrued expenses | $13,864 |
| Grants payable | $0 |
| Deferred revenue | $49,423 |
| 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 | $37,322 |
| Total liabilities | $100,609 |
| Net assets without donor restrictions | $832,791 |
| Net assets with donor restrictions | $16,687 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $950,087 |