To empower and develop latino men and women as leaders of character for the nation, in every sector of the global economy.

Mission: Form 990 Part I, line 1

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $301K a year · 10% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $1.0M
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
21
of 21 voting members
Looks good: 21 of 21 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$479K
-93% vs prior year
Spent
$1.2M
Net assets
$716K
By yearFY2020–FY2024
Revenue
$479K
FY2023▼ -93%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.0M
FY2021$4.4M
FY2022$7.1M
FY2023$479K
FY2024$0
Expenses
$1.2M
FY2023▼ -82%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$3.7M
FY2022$6.4M
FY2023$1.2M
FY2024$742
Net assets
$716K
FY2023▼ -48%
Tap a bar for its year
Net assets by fiscal year
FY2020$56K
FY2021$742K
FY2022$1.4M
FY2023$716K
FY2024$715K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

23 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Immediate Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2022FY2021FY2020
Damian Rivera$386,458$362,035$351,134
Selene Benavides$190,342$170,576$100,198
Justin Lopez—$142,760$104,212
Jennifer Paulino—$113,035—
Cydya J Thomas—$112,218—
Ann Marquez$111,490$111,795—
Luis Rosado—$104,848—
Jennylee Ramos$100,947——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops Latino men and women into leaders of character for the nation's economy.

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Provided by the organization

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1 program · in their own filed words · FY2023
01

Maintaining 45 professional chapters and approximately 160 student professional and student members across the country. In addition to networking and professional leadership development opportunities, our members have access to 50,000 paid summer internships through hundreds of fortune 1000 corporate partners.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 5 funders$1.0M
See all 5 funders →
Grants paid · 3 grants · $124K · 2020–2022
Unitemized GrantFY2022$100,000
Justice for Migrant WomenOH · FY2022$10,000
Unitemized GrantFY2020$14,380

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$479K
Ln 12
Fees for servicesLn 2g$479K
Money outPt IX
$1.2M
Ln 25
Owns and owesPt X
$716K
net assets · Ln 32
Cash and savingsLn 1–2$74K
Total assetsLn 16$716K
LiabilitiesLn 26$0
PeoplePt VI, VII
23
listed · VII A
PaidVII A0
Voting boardVI 1a21
IndependentVI 1b21
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$479K
Total revenueLn 12$479K
Assets in detailPt X, end of year
CashLn 1$74K
Cash and savings togetherLn 1–2$74K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$463K
Total assetsLn 16$716K
LiabilitiesLn 26$0
Net assetsLn 32$716K
OperationsPt I, VI
EmployeesI 516
VolunteersI 6400
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.1M$74K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$2.4M$716K
LiabilitiesLn 26$969K$0
Net assetsLn 32$1.4M$716K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.0M
Legal feesLn 11b$2K
Accounting feesLn 11c$15K
Other fees for servicesLn 11g$25K
Advertising and promotionLn 12$8K
Office expensesLn 13$473
Information technologyLn 14$748
TravelLn 17$16K
Conferences, conventions and meetingsLn 19$40K
Other expenses (24a–d)Ln 24$40K
Total functional expensesLn 25$1.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $0$742−$742$715K 990 PDF
FY2023 Viewing $479K$1.2M−$675K$716K 990 PDF
FY2022 $7.1M$6.4M$648K$1.4M 990 PDF
FY2021 $4.4M$3.7M$681K$742K 990 PDF
FY2020 $3.0M$2.2M$853K$56K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $479,231 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $7,084,425$479,231
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $7,084,425$479,231
I-13 Grants and similar amounts paidPrior year $110,000$1,004,856
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,980,053$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,346,176$149,219
I-18 Total expensesPrior year $6,436,229$1,154,075
I-19 Revenue less expensesPrior year $648,196−$674,844
Part VI · Governance 21 of 21 board members independent, 1 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members21
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $479,231 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $479,231$479,231
VIII-12 Total revenueRelated to mission $479,231 · Unrelated business $0 · Excluded from tax $0$479,231
Part IX · Statement of functional expenses $1,154,075 across 10 lines filed
IX-1 Grants to domestic organizations$1,004,856
IX-11b Legal fees$2,500
IX-11c Accounting fees$15,242
IX-11g Other fees for services$25,478
IX-12 Advertising and promotion$7,905
IX-13 Office expenses$473
IX-14 Information technology$748
IX-17 Travel$16,291
IX-19 Conferences, conventions and meetings$40,373
IX-24 Other expenses (24a–d)$40,209
IX-25 Total functional expenses$1,154,075
Part X · Balance sheet $715,927 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,060,462$73,528
X-4 Accounts receivableStart of year $221,926$7,500
X-9 Prepaid expenses and deferred chargesStart of year $93,615$172,017
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $979,917$462,882
X-16 Total assetsStart of year $2,355,920$715,927
X-19 Deferred revenueStart of year $460,322$0
X-25 Other liabilitiesStart of year $117,375$0
X-26 Total liabilitiesStart of year $968,707$0
X-27 Net assets without donor restrictionsStart of year $1,349,509$674,665
X-28 Net assets with donor restrictionsStart of year $37,704$41,262
X-32 Total net assets or fund balancesStart of year $1,387,213$715,927
X-33 Total liabilities and net assetsStart of year $2,355,920$715,927
Part XI · Reconciliation of net assets $715,927 net assets at year end
XI-1 Total revenue$479,231
XI-2 Total expenses$1,154,075
XI-3 Revenue less expenses−$674,844
XI-4 Net assets at start of year$1,387,213
XI-5 Net unrealized gains (losses) on investments$3,558
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$715,927

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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