Progreso - Latino Progress Alliance EIN 45-5042646 Form 990 (PDF) Claim this org

Progreso - Latino Progress Alliance FY2023 filing

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Advocates for Latino communities to improve quality of life through civic engagement and fair representation. For fiscal year 2023 it reported $329K in revenue, $199K in expenses, and $899K in net assets.Pt I

Type
Membership association · Human Services
Location
Seattle, WA
Website
progresowa.org
Filings
6 on file (2019–2023)
Revenue
$329KFY2023
Expenses
$199K
Net assets
$899K
People
8
Filings
6
Updates
0
More identity details & actions ⌄
EIN  45-5042646 Membership association Seattle, WA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Advocates for Latino communities to improve quality of life through civic engagement and fair representation.
Leadership
Lilliane Ballesteros · Executive Dir.
Money in and out
$329K revenue, $199K expenses
Bottom line
+40% operating surplus
Membership & operating revenue · FY2023
Total revenue
$329K
Pt VIII · Ln 12
Total expenses
$199K
Pt IX · Ln 25
Net assets
$899K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $130K
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.04 Fundraising $0.09
Operating surplus
+40%
revenue over expenses
Earned revenue
0%
of revenue from program services & dues
Payroll share
0%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$329K
FY2023▲ +190%
Expenses
$199K
FY2023▲ +150%
Total assets
$959K
FY2023▲ +23%
Total liabilities
$60K
FY2023▲ +546%
Total revenue
$329K
Pt VIII · Ln 12
Total expenses
$199K
Pt IX · Ln 25
Net assets
$899K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$130K
Total assetsPt X · Ln 16$959K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProgreso - Latino Progress Alliance
EINHdr · item D45-5042646
Principal addressHdr · item CSeattle, WA
WebsiteHdr · item Jprogresowa.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFHuman Services (P84)
Ruling yearIRS BMFJun 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $173K of program spending, described in the organization's own filed words · FY2023.
01

Civic Advocacy

Progreso works to improve the quality of life for all washingtonians through legislative action. Through coalitions, partnerships and support from the community, progreso supports or introduces bills to the legislature to advocate for communities that historically held limited to no political power.

$173Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$329K
Total revenueLn 12$329K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.04 Fundraising $0.09
Program services87%$173K
Management & general4%$8K
Fundraising9%$17K
Total functional expensesLn 25$199K

Balance Sheet

Part X · end of year
CashLn 1$659K
Total assetsLn 16$959K
Total liabilitiesLn 26$60K
Total net assetsLn 32$899K
Months of cash on handcomputed39.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $659K · Operating expenses/yr $199K
39.8 months
Where the money goes
Program services
Program services $173K · Total expenses $199K
87%
Management & General
Management & general $8K · Total expenses $199K
4%
Fundraising
Fundraising $17K · Total expenses $199K
9%
Cost to raise $1
Fundraising expense (3-yr avg) $6K · Solicited contributions (3-yr avg) $393K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $329K · Total revenue $329K
100%
Government reliance
Government grants — · Total revenue $329K
Earned-income share
Program service revenue $0 · Total revenue $329K
0%
Investment reliance
Investment income $0 · Total revenue $329K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $199K
0%
Growth & trend
Revenue growth (YoY)
This year $329K · Prior year $114K
+190%
Revenue CAGR
FY2019 $269K · FY2023 $329K
+5%
Net-asset trend (YoY)
End of year $899K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $329K · Expenses $199K
+40%
Liabilities-to-Assets
Total liabilities — · Total assets $959K
Net-asset ratio
Net assets $899K · Total assets $959K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $959K
0%
People & payroll
Highest Reported Total Compensation
Individual Lilliane Ballesteros · Reported title Executive Dir. · Highest reported compensation $0 · Total expenses $199K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $199K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 4%
Fundraising cost ratio 5%
Revenue growth 190%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 6%
Fundraising fee ratio 1%

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 · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$860K
Grants paid · 3 grants · $451K · 2019–2021

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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
FY2024 (Latest)$937K revenue · ⤓ 990 PDF
FY2023$329K revenue · viewing · ⤓ 990 PDF
FY2022$114K revenue · ⤓ 990 PDF
FY2021$737K revenue · ⤓ 990 PDF
FY2020$258K revenue · ⤓ 990 PDF
FY2019$269K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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