Latino Community Foundation
- Assets
- $25.0m
- Revenue
- $19.5m
- Investments
- $0.0
- Employees
- 21
- Location
- San Francisco, CA
- Founding
- 09/2002
- Data as of
- 12/2021
- EIN
- 81-0564400
Organization Overview
Latino Community Foundation is located in San Francisco, CA. The organization was established in 2002. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. As of 12/2021, Latino Community Foundation employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latino Community 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 12/2021, Latino Community Foundation generated $19.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 45.6% each year . All expenses for the organization totaled $8.6m during the year ending 12/2021. While expenses have increased by 29.4% per year over the past 7 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 2019, Latino Community Foundation has awarded 300 individual grants totaling $12,083,326. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
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)
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCREASING CIVIC & ECONOMIC POWER - LCF WORKS TO BUILD THE CAPACITY OF LATINO-LED ORGANIZATIONS WORKING TO BUILD CIVIC AND ECONOMIC POWER IN LOCAL COMMUNITIES. THESE ORGANIZATIONS ARE WORKING TO BUILD HEALTHY COMMUNITIES, PROVIDE LEADERSHIP TRAINING FOR YOUTH TO ACHEIVE EDUCATIONAL GOALS, INCREASE CIVIC AND POLITICAL PARTICIPATION TO STRENGTHEN THE DEMOCRACY, AND ADVANCE ECONOMIC MOBILITY FOR LATINO FAMILIES. LCF PROVIDES GRANTS AND TECHNICAL SUPPORT, AS PART OF ITS LATINO NONPROFIT ACCELERATOR, TO THESE ORGANIZATIONS ACROSS THE STATE OF CALIFORNIA. IN ADDITION, LCF IS WORKING TO AMPLIFY AND ELEVATE THE VOICE OF LATINOS IN CALIFORNIA. (CONTINUE ON SCH O)
BUILDING A PHILANTHROPIC MOVEMENT - LCF HAS ESTABLISHED THE LARGEST NETWORK OF CIVICALLY ENGAGED LATINO PHILANTHROPISTS IN CALIFORNIA THROUGH ITS SIGNATURE PROGRAM THE LATINO GIVING CIRCLE NETWORK. LCF PROVIDES A PLATFORM FOR LEADERS AND EMERGING LEADERS TO INVEST IN COMMUNITY-ROOTED SOLUTIONS INTENDED TO IMPROVE THE LIVES OF LATINO YOUTH AND FAMILIES. LCF ALSO ADMINISTERS DONOR ADVISED FUNDS TO FURTHER SUPPORT LATINO-LED ORGANIZATIONS.
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.
HEALTHY COMMUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Martinez Garcel Chief Exec O | Officer | 40 | $279,800 |
Mariya Chernyak VP Of Progra | 40 | $153,987 | |
Marcela Muniz Sr Philanthr | 40 | $125,188 | |
Christian Arana VP Of Policy | 40 | $122,333 | |
Maria Zayas Carnes VP Of Fin. & | 40 | $103,692 | |
Honorable Aida Alvarez Chair Emerit | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $810,378 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,658,164 |
| Noncash contributions included in lines 1a–1f | $1,421,852 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,468,542 |
| Total Program Service Revenue | $0 |
| Investment income | $2,458 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $44,663 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,515,663 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,676,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $298,207 |
| Compensation of current officers, directors, key employees. | $32,952 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,502,019 |
| Pension plan accruals and contributions | $42,425 |
| Other employee benefits | $99,474 |
| Payroll taxes | $127,302 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,006 |
| Fees for services: Accounting | $205,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $267,376 |
| Advertising and promotion | $18,006 |
| Office expenses | $28,886 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $149,081 |
| Travel | $44,936 |
| 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 | $0 |
| Insurance | $7,025 |
| All other expenses | $5,883 |
| Total functional expenses | $8,598,260 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,529,188 |
| Savings and temporary cash investments | $15,024,392 |
| Pledges and grants receivable | $2,669,134 |
| Accounts receivable, net | $15,523 |
| 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 | $33,346 |
| Net Land, buildings, and equipment | $7,732 |
| Investments—publicly traded securities | $1,502,016 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $202,618 |
| Total assets | $24,983,949 |
| Accounts payable and accrued expenses | $638,034 |
| 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 | $220,315 |
| Total liabilities | $858,349 |
| Net assets without donor restrictions | $5,812,313 |
| Net assets with donor restrictions | $18,313,287 |
| 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 | $24,983,949 |
Grants Awarded
Over the last fiscal year, Latino Community Foundation has awarded $5,578,600 in support to 114 organizations.
| Grant Recipient | Amount |
|---|---|
Redwood City, CA PURPOSE: CORE SUPPORT | $225,000 |
Oakland, CA PURPOSE: CORE/ECONPR/RAPIDRES | $212,300 |
Santa Rosa, CA PURPOSE: RAPID RESPONSE | $205,000 |
Sonoma, CA PURPOSE: RAPID RESPONSE | $175,000 |
Brawley, CA PURPOSE: RAPID RESPONSE | $160,000 |
Fresno, CA PURPOSE: ECON PWR/RAPID RESP | $150,000 |
Grants Recieved
Over the last fiscal year, we have identified 54 grants that Latino Community Foundation has recieved totaling $19,742,394.
| Awarding Organization | Amount |
|---|---|
The California Endowment Los Angeles, CA PURPOSE: LATINO POWER FUND - REBUILDING A HEALTHY, EQUITABLE CALIFORNIA: TO BUILD THE CIVIC, POLITICAL AND ECONOMIC POWER OF LATINOS FOR A STRONGER, HEALTHIER, MORE EQUITABLE CALIFORNIA. | $5,000,000 |
James Irvine Foundation San Francisco, CA PURPOSE: TO SUPPORT AN INCLUSIVE ECONOMY | $2,666,667 |
Crankstart Foundation San Francisco, CA PURPOSE: GENERAL SUPPORT | $2,500,000 |
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $1,025,000 |
Sergey Brin Family Foundation San Francisco, CA PURPOSE: LATINO POWER FUND | $1,005,633 |
David And Lucile Packard Foundation Los Altos, CA PURPOSE: LOCAL GRANTMAKING | $1,000,000 |
Endowment Analysis
| Beg. Balance | $951,839 |
| Net Contributions | $2,072,967 |
| Ending Balance | $3,024,806 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Scan Foundation Long Beach, CA | $251,069,671 | $11,732,897 |
Scan Group Long Beach, CA | $329,187,465 | $17,231,312 |
Latino Community Foundation San Francisco, CA | $24,983,949 | $19,515,663 |
Visions Global Development Irvine, CA | $26,663 | $3,381,380 |
Direct Relief Foundation Santa Barbara, CA | $77,237,327 | $23,596,905 |
Providence Trinitycare Hospice Foundation Torrance, CA | $15,729,740 | $2,314,489 |
Up Valley Family Centers Of Napa County St Helena, CA | $4,974,617 | $4,153,607 |
Housing With Heart Inc Irvine, CA | $938,916 | $3,376,969 |
Del Harbor Foundation Torrance, CA | $30,905,773 | $3,867,350 |
Friends Of My Family Riverside, CA | $1,696,847 | -$100,887 |
Hawaii Leadership Forum Los Gatos, CA | $1,629,789 | $2,394,054 |
Providence Childrens Health Foundation Portland, OR | $41,165,105 | $3,328,803 |