Latino Community Foundation Of Colorado Inc

Organization Overview

Latino Community Foundation Of Colorado Inc is located in Denver, CO. The organization was established in 2019. 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 12/2021, Latino Community Foundation Of Colorado Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latino Community Foundation Of Colorado 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, Latino Community Foundation Of Colorado Inc generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Latino Community Foundation Of Colorado Inc has awarded 90 individual grants totaling $1,614,498. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE FOUNDATION'S MISSION IS TO WORK HAND IN HAND WITH OUR DIVERSE COMMUNITIES TO CREATE CULTURALLY RESPONSIVE STRATEGIES THAT BUILD INFLUENCE, EQUITY AND OPPORTUNITY FOR ALL LATINO COLORADANS. THE FOUNDATION'S VISION IS A COLORADO WHERE LATINOS ARE UNITED AND ADVANCING THEIR COLLECTIVE POWER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ADELANTE COLORADO: LCFC LAUNCHED THE ADELANTE COLORADO CAPACITY BUILDING PROJECT THAT BUILDS THE CAPACITIES OF LATINO-LED AND SERVING NONPROFITS AND LEADERS IN COLORADO. THROUGH A CULTURALLY GROUNDED PROCESS, 22 ORGANIZATIONS WERE SELECTED AS THE MEMBERS OF THE THREE-YEAR ADELANTE COLORADO COHORT. FROM 2021 THROUGH 2024, ORGANIZATIONS WILL RECEIVE BETWEEN $45,000 AND $150,000 FOR A TOTAL OF $2 MILLION IN DIRECT FUNDING. IN ADDITION TO THE FINANCIAL SUPPORT, ADELANTE WILL FURTHER ASSIST GRANTEE ORGANIZATIONS THROUGH LEADERSHIP DEVELOPMENT AND TRAINING TO SUPPORT EACH ONES UNIQUE PATHWAY TOWARD A BOLD AND COURAGEOUS EVOLUTION.AYUDA COLORADO: IN 2021, LCFC MADE GRANTS IN THE AREAS OF GENERAL OPERATING, BASIC NEEDS FOR COMMUNITY, CAPACITY BUILDING, TECHNOLOGY, ORGANIZATIONAL WELLNESS, AND PROGRAMMATIC. AS A RESULT OF COVID-19 LCFC CREATED THE AYUDA COLORADO FUND AND STRATEGY TO RESPOND TO COMMUNITY NEEDS THROUGH GRANT MAKING AND INVESTMENTS, DATA AND RESOURCES AND CAPACITY BUILDING OPPORTUNITIES. IN ADDITION TO THE GRANTS, THE LCFC WAS ABLE TO LEVERAGE ADDITIONAL FUNDING TO COMMUNITY ORGANIZATIONS.YOUNG LATINO PHILANTHROPISTS (YLP) FUNDED STATEWIDE ORGANIZATIONS WORKING TO PROVIDE MENTAL HEALTH SERVICES. ONCE THE PANDEMIC HIT, THE LEADERSHIP TEAM ALLOWED ALL GRANTEES TO REDIRECT FUNDING TO ANY ORGANIZATIONAL NEEDS.AFTER THE PANDEMIC, WE CONTINUED TO SUPPORT THESE ORGANIZATIONS AS THEY WERE OFTEN THE FIRST STOP AND THE ONLY TRUSTED RESOURCE FOR IMMIGRANTS AND REFUGEES WHO REQUIRED SERVICES BUT COULD NOT COUNT ON GOVERNMENT PROGRAMS OR LARGER NONPROFITS TO BE OPEN OR WELCOMING.LCFC CONTINUED TO SUPPORT LATINAS IN LEADERSHIP THROUGH THE LAS MUJERES VALIENTES FELLOWSHIP. THE DIVERSE LEADERS-BUILT COMMUNITY ACROSS COLORADO THROUGH CULTURALLY RESPONSIVE EVENTS AND GATHERINGS. THEY HELPED TO LEAD UNIQUE ONLINE SESSIONS FOR LATINAS TO ATTEND. THE FELLOWS ALSO WORKED TOGETHER ON RESPONSIVE PROJECTS SUCH AS DISTRIBUTING RESOURCES AND BASIC NEEDS TO THEIR COMMUNITITES.


LAUNCH OF THE COLORADO COMMUNITIES OF COLOR LOAN FUND - ENSURES ACCESS TO CAPITAL TO NONPROFIT ORGANIZATIONS LED BY AND SERVING COMMUNITIES OF COLOR. NONPROFITS OF COLOR HAVE HISTORICALLY EXPERIENCED CHRONIC UNDERCAPITALIZATION AND FINANCIAL INSTABILITY THAT PREVENTS LONG-TERM STRATEGY DEVELOPMENT AND IMPACTS DAY-TO-DAY NONPROFIT MANAGEMENT. TO COMBAT THESE SYSTEMIC INEQUITIES AND HELP COMMUNITY-LED ORGANIZATIONS TO CREATE POWERFUL VISIONS, ESPECIALLY IN A TIME OF REBUILDING, THE LCFC ESTABLISHED THE CCCLF, A REVOLVING LOAN FUND TO SERVE THE SHORT-TERM CAPITAL AND INVESTMENT NEEDS OF NONPROFIT ORGANIZATIONS LED-BY AND CENTERED-ON COMMUNITIES OF COLOR.


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Board, Officers & Key Employees

Name (title)Compensation
Carlos Martinez
President & CEO
$182,222
Midy Aponte
Secretary
$0
Elaine Torres
Board Chair
$0
Thomas Bryan
Treasurer
$0
Gloria Schoch
Board Member
$0
Yesenia Arreola
Board Member
$0

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$2,359,292
Noncash contributions included in lines 1a–1f $6,960
Total Revenue from Contributions, Gifts, Grants & Similar$2,359,292
Total Program Service Revenue$15,000
Investment income $20,569
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 $2,394,861

Grants Awarded

Over the last fiscal year, Latino Community Foundation Of Colorado Inc has awarded $723,528 in support to 41 organizations.

Grant RecipientAmount

CONECTORAS DE MONTBELLO

Org PageRecipient Profile

Denver, CO

PURPOSE: GENERAL OPERATING

$119,073

HISPANIC FEDERATION

Org PageRecipient Profile

New York, NY

PURPOSE: GENERAL OPERATING

$50,000

INTEGRATED COMMUNITY

Org PageRecipient Profile

Steamboat Springs, CO

PURPOSE: GENERAL OPERATING

$31,250

COLOR COLORADO ORGANIZATION

Org PageRecipient Profile

Denver, CO

PURPOSE: GENERAL OPERATING

$27,500

Denver, CO

PURPOSE: GENERAL OPERATING

$27,500

Commerce City, CO

PURPOSE: GENERAL OPERATING

$23,750
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 13 grants that Latino Community Foundation Of Colorado Inc has recieved totaling $2,210,931.

Awarding OrganizationAmount
The Colorado Health Foundation

Denver, CO

PURPOSE: CHAMPION HEALTH EQUITY

$1,803,057
Caring For Colorado Foundation

Denver, CO

PURPOSE: COVID-19

$100,000
Grantmakers Concerned With Immigrants And Refugees

Petaluma, CA

PURPOSE: PROGRAM SUPPORT

$75,000
Rose Community Foundation

Denver, CO

PURPOSE: Latino Indicators Report, Las Mujeres Valientes Project

$51,800
Caring For Denver Foundation

Denver, CO

PURPOSE: Community-Centered Solutions

$48,472
American Endowment Foundation

Hudson, OH

PURPOSE: GENERAL OPERATING SUPPORT

$30,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$132,035
Earnings$21,282
Admin Expense$713
Ending Balance$152,604

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