Fortaleza FY2020 filing

Raleigh, NC · Unknown exempt organization

Revenue
$308K
Spent
$127K
To programs
86%
Net assets
$181K
By yearFY2020–FY2022
Revenue
$308K
FY2020
Revenue by fiscal year
FY2020$308K
FY2021$32K
FY2022$10K
Expenses
$127K
FY2020
Expenses by fiscal year
FY2020$127K
FY2021$90K
FY2022Not on file
Net assets
$181K
FY2020
Net assets by fiscal year
FY2020$181K
FY2021$123K
FY2022−$122

From the FY2020 Form 990 · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2022) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Not on file
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Last filed FY2022 — 4 yrs ago
Legal name (IRS)Hdr · item CFortaleza
EINHdr · item D84-3629579
Exempt statusHdr · item I501(c)(3) · active
Latest filingForm 990FY2022 · Form 990
Principal addressHdr · item CRaleigh, NC
NTEE classificationIRS BMFNonprofit

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.10 Fundraising $0.04
Program services86%$109K
Management & general10%$12K
Fundraising4%$5K
Total functional expensesLn 25$127K

Financial health

Is it on solid ground?

Surplus margin
+59%
revenue over expenses, this year
Program spending
86%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$223K
FY2020
Total assets by fiscal year
FY2020$223K
FY2021$133K
FY2022Not on file
Total liabilities
$42K
FY2020
Total liabilities by fiscal year
FY2020$42K
FY2021$9K
FY2022Not on file
Revenue less expensesPt I · Ln 19$181K
Total assetsPt X · Ln 16$223K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$215K
Total assetsLn 16$223K
Total liabilitiesLn 26$42K
Total net assetsLn 32$181K
Months of cash on handcomputed20.4

Statement of Revenue

Part VIII
Contributions & grants100%$308K
Investment income$174
Total revenueLn 12$308K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $215K · Operating expenses/yr $127K
20.4 months
Where the money goes
Program services
Program services $109K · Total expenses $127K
86%
Management & General
Management & general $12K · Total expenses $127K
10%
Fundraising
Fundraising $5K · Total expenses $127K
4%
Cost to raise $1
Fundraising expense $5K · Solicited contributions $308K
$0.02 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $308K · Total revenue $308K
100%
Government reliance
Government grants — · Total revenue $308K
—
Earned-income share
Program service revenue $0 · Total revenue $308K
0%
Investment reliance
Investment income $174 · Total revenue $308K
+0.06%
Program self-sufficiency
Program service revenue $0 · Total expenses $127K
0%
Growth & trend
Revenue growth (YoY)
This year $308K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $181K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $308K · Expenses $127K
+59%
Liabilities-to-Assets
Total liabilities — · Total assets $223K
—
Net-asset ratio
Net assets $181K · Total assets $223K
81%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $223K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Angelina Echeverria · Reported title Executive Director · Highest reported compensation $16K · Total expenses $127K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $32K · Total expenses $127K
25%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%——
Overhead ratio 10%——
Fundraising cost ratio 2%——
Legal fee ratio 25%——
Accounting fee ratio 2%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$16,479Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2021FY2020
Angelina Echeverria$3,620$16,479
Iliana Santillan$4,060—

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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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 6Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Educates residents about daily life issues and promotes ways to improve marginalized communities' quality of life.

Provided by the organization

This section is blank until Fortaleza claims this page.

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Mission & Programs · Part III

Where the work happens

2 program services account for $109K of program spending, described in the organization's own filed words · FY2020.
01

Primary Purpose (Programmatic)2020 was Fortalezas first year, our goal was to develop an infrastructure that would allow us to build political power within the Latinx community in North Carolina.

$67Kprogram expense
02

Political ActivitYThe mission of Fortaleza is to build collective power through political and electoral organizing, so that the Latinx community and other marginalized communities control our own stories and destinies.

$42Kprogram expense

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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 · FY2021
America VotesFY2021$10K
Total grants receivedfrom 1 funder$10K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2022 Latest $10K—-69% 990 PDF
FY2021 $32K$90K-90% 990 PDF
FY2020 Viewing $308K$127K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

Compare

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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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