Corazon Latino INC

Tax-deductible

Washington, DC501(c)(3)Public Safety & DisasterEIN 82-3390896

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Corazon Latino is a national non-profit organization that seeks to generate social, environmental, and conservation initiatives that foster natural resource stewardship. Corazn Latino mobilizes the passion, love, unity, solidarity, and resources of individuals, communities, organizations, and government entities to advance the common good.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Run by 3 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
1 of 5
filings with a surplus
Average deficit $32K a year · 4% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$105K
to officers and key staff · 13% of spending
Top officer’s pay higher than 94% of similar orgs
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $37K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$27K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$998K
-6% vs prior year
Spent
$838K
To programs
98%
Net assets
$250K
By yearFY2020–FY2024
Revenue
$998K
FY2024▼ -6%
Revenue by fiscal year
FY2020$592K
FY2021$554K
FY2022$876K
FY2023$1.1M
FY2024$998K
Expenses
$838K
FY2024▼ -27%
Expenses by fiscal year
FY2020$636K
FY2021$640K
FY2022$981K
FY2023$1.1M
FY2024$838K
Net assets
$250K
FY2024▲ +691%
Net assets by fiscal year
FY2020−$15K
FY2021−$101K
FY2022−$41K
FY2023−$42K
FY2024$250K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2018.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $823K Management & general 2% · $15K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $105K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$105,172Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Felipe Benitez’s $105K as Executive Director is at the 94th percentile of top reported officer pay among 825 $100K–1M public safety & disaster 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Felipe Benitez$105,172$140,000$129,352——
Sonia Rangel———$5,856$72,726

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

Promotes environmental stewardship through community-driven conservation and resource initiatives.

Provided by the organization

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3 programs · $823K · in their own filed words · FY2024
01

Program Services Related to

Descubre el bosque, extendiendo ramas, and health forest healthy people.

$823Kprogram expense
02

See schedule o

Pt IX · col B
03

See schedule o

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 · funders on record
Grants received · FY2024
Climate PowerFY2024$17K
Total grants receivedfrom 2 funders$37K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$998K
Ln 12
Gifts and grantsLn 1h$998K
Investment incomeLn 3$31
Money outPt IX
$838K
Ln 25
Programscol B$823K
Managementcol C$15K
Owns and owesPt X
$250K
net assets · Ln 32
Cash and savingsLn 1–2$79K
Total assetsLn 16$277K
LiabilitiesLn 26$27K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$998K
Government grantsLn 1e$829K
Investment incomeLn 3$31
Total revenueLn 12$998K
Assets in detailPt X, end of year
CashLn 1$79K
Cash and savings togetherLn 1–2$79K
Land, buildings, equipmentLn 10c$8K
Total assetsLn 16$277K
LiabilitiesLn 26$27K
Net assetsLn 32$250K
OperationsPt I, VI
EmployeesI 51
VolunteersI 63
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 FY24End FY24
Cash and savingsLn 1–2$22K$79K
Land, buildings, equipmentLn 10c$8K$8K
Total assetsLn 16$119K$277K
LiabilitiesLn 26$161K$27K
Net assetsLn 32−$42K$250K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$105K$105K
Other salaries and wagesLn 7$108K$108K
Payroll taxesLn 10$88K$88K
Legal feesLn 11b$10K$10K
Other fees for servicesLn 11g$275K$275K
Advertising and promotionLn 12$13K$13K
Office expensesLn 13$130K$130K
Information technologyLn 14$9K$9K
OccupancyLn 16$10K$10K
TravelLn 17$36K$36K
Conferences, conventions and meetingsLn 19$13K$13K
InterestLn 20$24K$24K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$9K$9K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$838K$823K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $998K$838K$160K$250K 990 PDF
FY2023 $1.1M$1.1M−$87K−$42K 990 PDF
FY2022 $876K$981K−$105K−$41K 990 PDF
FY2021 $554K$640K−$86K−$101K 990 PDF
FY2020 $592K$636K−$44K−$15K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $998,294 across 5 lines filed
VIII-1e Government grants$829,113
VIII-1f All other contributions, gifts and grants$169,150
VIII-1h Total contributions, gifts and grants$998,263
VIII-3 Investment incomeExcluded from tax $31$31
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $31$998,294
Part IX · Statement of functional expenses $838,393 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $105,172$105,172
IX-7 Other salaries and wagesPrograms $108,471$108,471
IX-10 Payroll taxesPrograms $87,502$87,502
IX-11b Legal feesManagement $9,978$9,978
IX-11g Other fees for servicesPrograms $275,348$275,348
IX-12 Advertising and promotionPrograms $12,737$12,737
IX-13 Office expensesPrograms $130,126$130,126
IX-14 Information technologyPrograms $9,382$9,382
IX-16 OccupancyPrograms $9,802$9,802
IX-17 TravelPrograms $36,435$36,435
IX-19 Conferences, conventions and meetingsPrograms $13,191$13,191
IX-20 InterestPrograms $24,199$24,199
IX-23 InsuranceManagement $5,505$5,505
IX-24 Other expenses (24a–d)Programs $9,145$9,145
IX-24e All other expensesPrograms $1,400$1,400
IX-25 Total functional expensesPrograms $822,910 · Management $15,483 · Fundraising $0$838,393
Part X · Balance sheet $276,890 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $22,142$79,321
X-4 Accounts receivableStart of year $89,000$189,500
X-10c Land, buildings and equipment, netStart of year $8,069$8,069
X-16 Total assetsStart of year $119,211$276,890
X-17 Accounts payable and accrued expensesStart of year $120,684$26,973
X-25 Other liabilitiesStart of year $40,800$0
X-26 Total liabilitiesStart of year $161,484$26,973
X-27 Net assets without donor restrictionsStart of year −$42,273$249,917
X-32 Total net assets or fund balancesStart of year −$42,273$249,917
X-33 Total liabilities and net assetsStart of year $119,211$276,890
Part XI · Reconciliation of net assets $249,917 net assets at year end
XI-1 Total revenue$998,294
XI-2 Total expenses$838,393
XI-3 Revenue less expenses$159,901
XI-4 Net assets at start of year−$42,273
XI-8 Prior period adjustments$132,289
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$249,917

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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