Mi Centro FY2024 filing

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EIN 91-1488193 Public charity (501(c)(3)) Tacoma, WA NTEE P800
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2025
Revenue
$1.4M
FY2024▼ -56%
Expenses
$1.6M
FY2024▼ -51%

Form 990 for the fiscal year ending June 2024 (IRS tax year 2023).


Provides social services, education, and arts programs to advance Latino and Indigenous communities. For fiscal year 2024 it reported $1.4M in revenue, $1.6M in expenses, and $1.9M in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Tacoma, WA
Website
clatino.org/en/home
Filings
6 on file (2020–2024)
Revenue
$1.4MFY2024
Expenses
$1.6M
Net assets
$1.9M
People
10
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Figures match the IRS filing checked 9/2/26 · see original: IRS
Provided by the organization

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Size
$1–10M
What they do
Provides social services, education, and arts programs to advance Latino and Indigenous communities.
Leadership
Bernal Baca · Executive Director · $118K
Money in and out
$1.4M revenue, $1.6M expenses
Bottom line
84% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — United Way of Pierce County

1 distinct foundation funder(s) on file, $30K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

84% to programs

84% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$1–10M · ↓ -56% vs prior year

Revenue band $1–10M, -56% versus the prior filing year (down). See detail →

Where the money goes · FY2024
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$1.6M
Pt IX · Ln 25
Net assets
$1.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$131K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.10 Fundraising $0.06
Program efficiency
84%
of spending reaches programs
Operating runway
1.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-9%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$2.1M
FY2024▼ -4%
Total liabilities
$134K
FY2024▲ +62%
Revenue less expensesPt I · Ln 19−$131K
Total assetsPt X · Ln 16$2.1M
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CMi Centro
EINHdr · item D91-1488193
Principal addressHdr · item CTacoma, WA
WebsiteHdr · item Jclatino.org/en/home
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P800)
Ruling yearIRS BMFJul 1991

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
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 (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$117,997Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Bernal Baca’s $140K as Executive Director is at the 68th percentile of top reported officer pay among 3869 $1–10M 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Bernal Baca$140,000$117,997$87,663$80,000$70,800$35,000

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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Mission & Programs · Part III

Where the work happens

3 program services account for $1.1M of program spending, described in the organization's own filed words · FY2023.
01

The maru mora centro familiar offers bilingual services for latine and indigenous communities impacted by domestic violence, sexual assault, and crime. Services include advocacy, financial assistance, protection orders, and COVID-19 relief (shelter, food).

$500Kprogram expense
02

Mi centro's dolores huerta institute has graduated over 67 fellows, providing financial stipends, internships, scholarships, and networking opportunities. The college readiness program supports underserved youth and adult students, assisting with WASFA/FAFSA applications, college applications, and scholarships.

$296Kprogram expense
03

Mi centro's camino al exito small business navigator program assisted 70 small business owners with case management, business licenses, bookkeeping, marketing, financial literacy workshops, and networking events with L&I and other small business resources.

$293Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$1.4M
Program service revenue$3K
Investment income$61
— government grantsLn 1e$1.3M
Total revenueLn 12$1.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.10 Fundraising $0.06
Program services84%$1.3M
Management & general10%$158K
Fundraising6%$90K
Total functional expensesLn 25$1.6M

Balance Sheet

Part X · end of year
CashLn 1$216K
Total assetsLn 16$2.1M
Total liabilitiesLn 26$134K
Total net assetsLn 32$1.9M
Months of cash on handcomputed1.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $216K · Operating expenses (Pt IX) $1.6M · Less non-cash grants $5K · Cash operating expenses/yr $1.6M
1.6 months
Where the money goes
Program services
Program services $1.3M · Total expenses $1.6M
84%
Management & General
Management & general $158K · Total expenses $1.6M
10%
Fundraising
Fundraising $90K · Total expenses $1.6M
6%
Cost to raise $1
Fundraising expense (3-yr avg) $70K · Solicited contributions (3-yr avg) $129K
$0.54 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.4M · Total revenue $1.4M
100%
Government reliance
Government grants $1.3M · Total revenue $1.4M
88%
Earned-income share
Program service revenue $3K · Total revenue $1.4M
0.2%
Investment reliance
Investment income $61 · Total revenue $1.4M
<0.01%
Program self-sufficiency
Program service revenue $3K · Total expenses $1.6M
0.2%
Growth & trend
Revenue growth (YoY)
This year $1.4M · Prior year $3.3M
-56%
Revenue CAGR
FY2019 $955K · FY2023 $1.4M
+11%
Net-asset trend (YoY)
End of year $1.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.4M · Expenses $1.6M
-9%
Liabilities-to-Assets
Total liabilities — · Total assets $2.1M
—
Net-asset ratio
Net assets $1.9M · Total assets $2.1M
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Bernal Baca · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $118K · Total expenses $1.6M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $671K · Total expenses $1.6M
42%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 84%——
Overhead ratio 10%——
Fundraising cost ratio 6%——
Revenue growth -56%——
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.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$30K
Grants paid · 9 grants · $10.2M · 2020–2024
Unitemized GrantFY2024$246,465
Unitemized GrantFY2023$105,152
Unitemized GrantFY2023$24,779
Unitemized GrantFY2023$6,056
Unitemized GrantFY2022$1,765,790
Unitemized GrantFY2022$11,846
Unitemized GrantFY2021$5,308,626
Unitemized GrantFY2021$5,000
Unitemized GrantFY2020$2,765,323

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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
FY2025 (Latest)$2.5M revenue · ⤓ 990 PDF
FY2024$1.4M revenue · viewing · ⤓ 990 PDF
FY2023$3.3M revenue · ⤓ 990 PDF
FY2022$6.4M revenue · ⤓ 990 PDF
FY2021$3.7M revenue · ⤓ 990 PDF
FY2020$955K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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