Latin American Community Foundation
- Assets
- $4.9m
- Revenue
- $187.4k
- Investments
- $4.7m
- Employees
- 0
- Location
- Reston, VA
- Founding
- Data as of
- 12/2023
- EIN
- 88-2683321
Organization Overview
Latin American Community Foundation is located in Reston, VA. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latin American 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 12/2023, Latin American Community Foundation generated $187.4k in total revenue. All expenses for the organization totaled $263.1k during the year ending 12/2023.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $183,177 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,238 |
| Capital Gain Net Income | $4,238 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $187,415 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $372 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $6,589 |
| Printing and publications | $0 |
| Other expenses | $19 |
| Total operating and administrative expenses | $104,062 |
| Contributions, gifts, grants paid | $159,000 |
| Total expenses and disbursements | $263,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,248 |
| Savings and temporary cash investments | $49,556 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,728,760 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,908,564 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Latin American Community Foundation has awarded $159,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BUSINESS COUNCIL FOR PEACE INC PURPOSE: FOR THE EL SALVADOR WOMEN CONNECT ALUMNI PROGRAM | $40,000 |
NATUN GUATEMALA PURPOSE: ENTREPRENEURSHIP TRAINING | $30,000 |
MARIPOSA DR FOUNDATION PURPOSE: NAVIGATING HER FUTURE | $24,000 |
THE FRIENDSHIP BRIDGE PURPOSE: TO SUPPORT HANDMADE BY FRIENDSHIP BRIDGE; NON-FORMAL EDUCATION IN FINANCE MANAGEMENT; AND THE AGRICULTURE CREDIT TRAINING | $30,000 |
AMIGOS DE GUATEMALA PURPOSE: FOR THE FIRST PHASE OF THE WATER PROJECT | $15,000 |
LABORATORIA INC PURPOSE: GENERAL SUPPORT | $10,000 |