Avanza Latino EIN 27-3669244 Form 990 (PDF) Claim this org

Avanza Latino FY2020 filing

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Empowers Hispanic individuals in the U.S. through education and encouragement. For fiscal year 2020 it reported $5K in revenue, $179K in expenses, and $400K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Greenwood Vlg, CO
Website
www.nationalhispanicvoter.org
Filings
2 on file (2020–2020)
Revenue
$5KFY2020
Expenses
$179K
Net assets
$400K
People
5
Filings
2
Updates
0
More identity details & actions ⌄
EIN  27-3669244 Public charity (501(c)(3)) Greenwood Vlg, CO
Form 990 (PDF)
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Size
<$100K
What they do
Empowers Hispanic individuals in the U.S. through education and encouragement.
Leadership
A Gonzales · President
Money in and out
$5K revenue, $179K expenses
Bottom line
48% program efficiency
Where the money goes · FY2020
Total revenue
$5K
Pt VIII · Ln 12
Total expenses
$179K
Pt IX · Ln 25
Net assets
$400K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$173K
Where spending went · Part IX cols B–D
Program services $0.48 Management & general $0.52
Program efficiency
48%
of spending reaches programs
Operating runway
28.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-3163%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$5K
FY2020
Expenses
$179K
FY2020
Total assets
$421K
FY2020
Total liabilities
$21K
FY2020
Total revenue
$5K
Pt VIII · Ln 12
Total expenses
$179K
Pt IX · Ln 25
Net assets
$400K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$173K
Total assetsPt X · Ln 16$421K
Program-expense ratioPt IX · col B48%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAvanza Latino
EINHdr · item D27-3669244
Principal addressHdr · item CGreenwood Vlg, CO
WebsiteHdr · item Jwww.nationalhispanicvoter.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFMay 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Avanza Latino executive salaries →

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Mission & Programs · Part III

Where the work happens

1 program service account for $86K of program spending, described in the organization's own filed words · FY2020.
01

The foundation overarching program service in the continuing development of a base of individuals for the purpose of promoting voter education, civic engagement and other community development programs.

$86Kprogram expense

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Statement of Revenue

Part VIII
Investment income$5K · 94%
Contributions & grants$338 · 6%
Investment income94%$5K
Contributions & grants6%$338
Other revenue$5
Total revenueLn 12$5K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.48 Management & general $0.52
Program services48%$86K
Management & general52%$92K
Total functional expensesLn 25$179K

Balance Sheet

Part X · end of year
CashLn 1$417K
Total assetsLn 16$421K
Total liabilitiesLn 26$21K
Total net assetsLn 32$400K
Months of cash on handcomputed28.0

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $417K · Operating expenses/yr $179K
28.0 months
Where the money goes
Program services
Program services $86K · Total expenses $179K
48%
Management & General
Management & general $92K · Total expenses $179K
52%
Fundraising
Fundraising $0 · Total expenses $179K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $338
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $338 · Total revenue $5K
6%
Government reliance
Government grants — · Total revenue $5K
Earned-income share
Program service revenue $0 · Total revenue $5K
0%
Investment reliance
Investment income $5K · Total revenue $5K
+94%
Program self-sufficiency
Program service revenue $0 · Total expenses $179K
0%
Growth & trend
Revenue growth (YoY)
This year $5K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $400K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $5K · Expenses $179K
-3163%
Liabilities-to-Assets
Total liabilities — · Total assets $421K
Net-asset ratio
Net assets $400K · Total assets $421K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $421K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual A Gonzales · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $179K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $86K · Total expenses $179K
48%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 48%
Overhead ratio 52%
Fundraising cost ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$50K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2021 (Latest)$20K revenue · ⤓ 990 PDF
FY2020$5K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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