Latinos For Education Inc
- Assets
- $4.4m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 24
- Location
- Belmont, MA
- Founding
- 10/2016
- Data as of
- 12/2021
- EIN
- 81-2883649
Organization Overview
Latinos For Education Inc is located in Belmont, MA. The organization was established in 2016. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Latinos For Education Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latinos For Education Inc 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, Latinos For Education Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 44.8% each year . All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 54.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO DEVELOP, PLACE, AND CONNECT ESSENTIAL LATINO LEADERSHIP IN THE EDUCATION SECTOR, WHILE MOBILIZING LATINO VOICES TO PROMOTE PRACTICES AND POLICIES THAT REMOVE BARRIERS TO EQUITABLE EDUCATIONAL OPPORTUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LATINOS FOR EDUCATION'S MISSION IS TO DEVELOP, PLACE, AND CONNECT ESSENTIAL LATINO LEADERS IN THE EDUCATION SECTOR, WHILE MOBILIZING LATINO VOICE TO PROMOTE PRACTICES AND POLICIES THAT REMOVE BARRIERS TO EDUCATIONAL OPPORTUNITY. WE DO THIS BY GROWING LATINO LEADERSHIP ACROSS THE EDUCATION SECTOR, BUILDING AN ECOSYSTEM OF LATINO EDUCATION LEADERS WORKING TOWARD A MORE EQUITABLE EDUCATION FOR ALL STUDENTS, AND MOBILIZING LEADERS AND COMMUNITIES ON ISSUES IMPACTING LATINO STUDENTS AND FAMILIES VIA ADVOCACY ACROSS THE COUNTRY. DURING 2021, LATINOS FOR EDUCATION DOES THIS BY PERFORMING THE FOLLOWING ACTIVITIES/PROGRAMS:- ADVOCACY - ACTIVATES THE COLLECTIVE LATINO COMMUNITY VOICE ON UNIQUE ISSUES IMPACTING LATINO STUDENTS AND FAMILIES VIA ADVOCACY AND POLICY CHANGE.- EDCENTRO - IS AN ONLINE PLATFORM CREATED TO CONNECT AND SUPPORT OUR NATIONAL NETWORK OF NEARLY 4,500 LATINO EDUCATION LEADERS.- ASPIRING LATINO LEADERS FELLOWSHIP - ADVANCES THE LEADERSHIP JOURNEY AND EXPANDS THE SPHERE OF INFLUENCE OF 50-75 LATINO MID- TO SENIOR-LEVEL SCHOOL AND DISTRICT STAFF.- LATINO BOARD FELLOWSHIP - TRAINS AND SUPPORTS 10-20 SENIOR-LEVEL LATINO LEADERS TO SERVE ON EDUCATION NON-PROFIT BOARD OF DIRECTORS.- LATINX TEACHERS FELLOWSHIP - EQUIPS 45-75 EARLY-CAREER LATINO K-12 TEACHERS TO NAVIGATE THE INCREASED DEMANDS OF A CHANGING EDUCATIONAL LANDSCAPE AND IMPROVE THEIR LIKELIHOOD OF PROGRESSING IN THEIR CAREERS AS TEACHER LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Fernandez CEO | Officer | 40 | $236,900 |
Daniel Velasco COO | Officer | 40 | $173,308 |
Andy Canales Ed, Texas Region | 40 | $150,000 | |
Lorena Lopera Ed, Ma Region | 40 | $144,671 | |
Elvis Jocol Lara Dir. Nat'l Marketing & Comms | 40 | $121,078 | |
Rd Leyva Chief Of Staff | 40 | $108,292 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $420,498 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,589,171 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,009,669 |
| Total Program Service Revenue | $188,036 |
| Investment income | $718 |
| 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 | $4,198,423 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $451,789 |
| Compensation of current officers, directors, key employees. | $52,885 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,600,555 |
| Pension plan accruals and contributions | $58,790 |
| Other employee benefits | $135,384 |
| Payroll taxes | $158,990 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,694 |
| Fees for services: Accounting | $48,724 |
| Fees for services: Lobbying | $53,000 |
| Fees for services: Fundraising | $22,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $308,375 |
| Advertising and promotion | $210,058 |
| Office expenses | $35,666 |
| Information technology | $86,797 |
| Royalties | $0 |
| Occupancy | $3,227 |
| Travel | $19,024 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $103,225 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,636 |
| All other expenses | $0 |
| Total functional expenses | $3,317,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,530,985 |
| Savings and temporary cash investments | $456,857 |
| Pledges and grants receivable | $377,500 |
| Accounts receivable, net | $9,500 |
| 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 | $401 |
| 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 | $4,375,243 |
| Accounts payable and accrued expenses | $76,735 |
| 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 | $76,735 |
| Net assets without donor restrictions | $3,053,282 |
| Net assets with donor restrictions | $1,245,226 |
| 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 | $4,375,243 |
Grants Awarded
Over the last fiscal year, Latinos For Education Inc has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New Orleans, LA PURPOSE: INNOVATION AWARD | $20,000 |
Boca Raton, FL PURPOSE: INNOVATION AWARD | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Latinos For Education Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
The Powell Foundation Houston, TX PURPOSE: QUALITY K-12 PUBLIC SCHOOLS: EXCELLENT EDUCATOR INITIATIVES | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |
Hyde Leadership Charter School-Brooklyn Brooklyn, NY | $3,932,564 | $12,878,236 |
Teach Plus Incorporated Boston, MA | $12,001,505 | $12,042,496 |
Onward Israel Internships And Opportunities Ltd New York, NY | $897,895 | $11,379,184 |
Goodwin College Educational Services Inc East Hartford, CT | $19,577 | $10,789,035 |
Education Resource Strategies Inc Watertown, MA | $16,861,900 | $10,099,352 |
Entrepreneurial Ventures In Education Quincy, MA | $4,865,485 | $11,072,937 |
Learning Through An Expanded Arts Program Inc New York, NY | $2,991,832 | $9,986,466 |