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Latino Network EIN 73-1675402

Latino Network FY2021 filing

EIN  73-1675402 Public charity (501(c)(3)) Portland, OR Founded 1996
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 8/8/26 · see original filing: IRS
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Size
$10–100M
What they do
Empowers Latino families through early childhood education, youth leadership development, and civic advocacy to promote academic success and community engagement.
Leadership
Carmen Rubio · Prior Exec Dir · $169K
Money in and out
$18.6M revenue, $15.1M expenses
Bottom line
90% program efficiency

Empowers Latino families through early childhood education, youth leadership development, and civic advocacy to promote academic success and community engagement. For fiscal year 2021 it reported $18.6M in revenue, $15.1M in expenses, and $6.9M in net assets.Pt I

Where the money goes · FY2021
Total revenue
$18.6M
Pt VIII · Ln 12
Total expenses
$15.1M
Pt IX · Ln 25
Net assets
$6.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3.4M
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.07 Fundraising $0.03
Program efficiency
90%
of spending reaches programs
Operating runway
3.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+18%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$18.6M
FY2021▲ +54%
Expenses
$15.1M
FY2021▲ +41%
Total assets
$8.3M
FY2021▲ +50%
Total liabilities
$1.5M
FY2021▼ -31%
Total revenue
$18.6M
Pt VIII · Ln 12
Total expenses
$15.1M
Pt IX · Ln 25
Net assets
$6.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3.4M
Total assetsPt X · Ln 16$8.3M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 320
Independent voting membersPt I · Ln 420
Mission & Programs · Part III

Where the work happens

3 program services account for $12.6M of program spending, described in the organization's own filed words · FY2020.
01

Family & Youth Engagement

The organization works to increase high school graduation rates for latinos through robust support for middle and high school students and their parents to build a college-going mindset and equip students with the tools to succeed.

$6.2Mprogram expense
02

Community Healing Initiative

Through the community healing initiative (chi) and early chi, as well as after-school arts and culture program studio latino, and youth leadership program speak up & empower, the organization works with gang-involved and gang-impacted youth and their parents to help families heal from violence and trauma.

$3.9Mprogram expense
03

Early Childhood Education

Through our community education worker (0-3) and juntos aprendemos (3-5) programs, the organization works with parents and children to prepare them for success in school. These school-based and home visit programs teach parents to be their child's first teacher and advocate, and equip children with the skills of early literacy and…

$2.4Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLatino Network
EINHdr · item D73-1675402
Principal addressHdr · item CPortland, OR
WebsiteHdr · item Jwww.latnet.org
Year of formationHdr · item L1996
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P84)
Ruling yearIRS BMFApr 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a20
Independent voting membersPt VI · Ln 1b20
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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 · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Carmen Rubio
Prior Exec Dir
$168,866Pt VII · Sec A
$0Pt VII · Sec A
Brian Federico
Vice Chair
$0Pt VII · Sec A
Bob Tate
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Tony Defalco’s $185K as Executive Dir. is at the 37th percentile of top reported officer pay among 3123 $10–100M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Tony Defalco$185,063$188,750$150,614$122,019——
Carmen Rubio————$168,866$156,294
Sadie Figueroa$166,899$118,400————
Eva Maribona$153,378$155,124$116,788———
Juan Martinez$149,778$148,700$119,708———
Rambod Behnam$149,232$133,924$129,065———
Oscar Rico-Cazares$148,079—————
Mercedes Elizalde—$122,181————

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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Statement of Revenue

Part VIII
Contributions & grants$18.3M · 98%
Other revenue$279K · 2%
Contributions & grants98%$18.3M
Other revenue2%$279K
Investment income$11K
— government grantsLn 1e$16.5M
Total revenueLn 12$18.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.07 Fundraising $0.03
Program services90%$13.7M
Management & general7%$1.1M
Fundraising3%$410K
Total functional expensesLn 25$15.1M

Balance Sheet

Part X · end of year
CashLn 1$4.5M
Total assetsLn 16$8.3M
Total liabilitiesLn 26$1.5M
Total net assetsLn 32$6.9M
Months of cash on handcomputed3.6

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.5M · Operating expenses/yr $15.1M
3.6 months
Where the money goes
Program services
Program services $13.7M · Total expenses $15.1M
90%
Management & General
Management & general $1.1M · Total expenses $15.1M
7%
Fundraising
Fundraising $410K · Total expenses $15.1M
3%
Cost to raise $1
Fundraising expense (2-yr avg) $351K · Solicited contributions (2-yr avg) $1.9M
$0.19 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $18.3M · Total revenue $18.6M
98%
Government reliance
Government grants $16.5M · Total revenue $18.6M
89%
Earned-income share
Program service revenue $0 · Total revenue $18.6M
0%
Investment reliance
Investment income $11K · Total revenue $18.6M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $15.1M
0%
Growth & trend
Revenue growth (YoY)
This year $18.6M · Prior year $12.0M
+54%
Net-asset trend (YoY)
End of year $6.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $18.6M · Expenses $15.1M
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $8.3M
—
Net-asset ratio
Net assets $6.9M · Total assets $8.3M
83%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $8.3M
0%
People & payroll
Highest Reported Total Compensation
Individual Carmen Rubio · Reported title PRIOR EXEC DIR · Highest reported compensation $169K · Total expenses $15.1M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $9.3M · Total expenses $15.1M
61%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%——
Overhead ratio 7%——
Fundraising cost ratio 2%——
Revenue growth 54%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0%——
Fundraising fee 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 · received and paid
Grants received · FY2025
The Campbell InstituteFY2025$40K
Total grants receivedfrom 1 funder$40K
Grants paid · 7 grants · $4.5M · 2023–2024
Latino Network Support CorporationOR · FY2024$2,917,469
Latino Network Support CorporationOR · FY2023$1,084,110
Portland Opportunities Industrialization Center INCOR · FY2023$221,330
Hacienda Community Development CorporationOR · FY2023$175,555
Coalition of Communities of ColorOR · FY2023$35,000
Consejo HispanoOR · FY2023$20,000
Centro Cultural De Condado De WashingtonOR · FY2023$10,740

Similar Organizations

Closest in mission — by what they do
Latino Support NetworkMA
Young Latino NetworkOH
Latino Music Education NetworkCA
Latino Action Network Foundation INCNJ
Latino Community Development Agency INCOK
Latino Community ServicesNC
See all organizations like Latino Network →

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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$28.7M revenue · ⤓ 990 PDF
FY2023$28.7M revenue · ⤓ 990 PDF
FY2022$24.2M revenue · ⤓ 990 PDF
FY2021$18.6M revenue · viewing · ⤓ 990 PDF
FY2020$12.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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