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Latino Founders

Tax-deductible

Milwaukie, OR501(c)(3)Community Development EIN 92-3521165Revenue $272K in FY2023

On file with the IRSlatinofounder.com6435 Se Cedarcrest Dr, 97222-2979 · Milwaukie, ORTax-exempt since Jun 2024Publicly supported charity — 170(b)(1)(A)(vi)

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To stimulate the development of businesses and entrepreneurial community.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
24 mo
of spending, in cash
Looks good: 24.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 8 voting members
Concern: none of 8 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$272K
Spent
$76K
To programs
62%
Net assets
$196K

From the FY2023 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Jun 2024.

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $47K Management & general 34% · $26K Fundraising 4% · $3K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Edgar Navas
Treasurer
$0Pt VII · Sec A
Juan Barraza
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Nancy Ayala
Director
$0Pt VII · Sec A
Wendi Ayala
Director
$0Pt VII · Sec A
See Latino Founders executive salaries →

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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

Fosters business growth and entrepreneurial community development.

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Provided by the organization

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2 programs · $47K · in their own filed words · FY2023
01

Pitch latino is a celebration of latino entrepreneurs who are growing and scaling their businesses in our communities. It showcases the existing talent around us and the positive economic impact they are having on our region.

$44Kprogram expense
02

Latino founders is an industry-agnostic accelerator program is designed to work with 100 latino entrepreneurs looking to scale their existing operations and help them scale to achieve one million dollars in annual revenue in 5 years, during the duration of the program they will receive access to mentors with industry experience and…

$3Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Onpoint Community Credit UnionFY2025$8K
Total grants receivedfrom 1 funder$8K
Grants paid · 1 grant · $18K · 2023–2023
Unitemized GrantFY2023$17,500

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$272K
Ln 12
Gifts and grantsLn 1h$265K
Fees for servicesLn 2g$7K
Money outPt IX
$76K
Ln 25
Programscol B$47K
Managementcol C$26K
Fundraisingcol D$3K
Owns and owesPt X
$196K
net assets · Ln 32
Cash and savingsLn 1–2$152K
Total assetsLn 16$196K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$265K
Fees for servicesLn 2g$7K
Total revenueLn 12$272K
Assets in detailPt X, end of year
CashLn 1$152K
SavingsLn 2$250
Cash and savings togetherLn 1–2$152K
Total assetsLn 16$196K
LiabilitiesLn 26$0
Net assetsLn 32$196K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY23End FY23
Cash and savingsLn 1–2$152K
Total assetsLn 16$0$196K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$196K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$15K$15K
Grants to domestic individualsLn 2$18K$18K
Legal feesLn 11b$750$750
Accounting feesLn 11c$22K$2K$20K
Other fees for servicesLn 11g$1K$900$301
Advertising and promotionLn 12$2K$1K$478
Office expensesLn 13$50$50
Information technologyLn 14$3K$402$2K
TravelLn 17$2K$313$2K
Conferences, conventions and meetingsLn 19$11K$8K$2K
InsuranceLn 23$113$113
Other expenses (24a–d)Ln 24$1K$615$697
Total functional expensesLn 25$76K$47K$26K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $272K$76K$196K$196K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $271,580 revenue, 12 lines filed
I-8 Contributions and grants$265,042
I-9 Program service revenue$6,538
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$271,580
I-13 Grants and similar amounts paid$32,500
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$43,134
I-18 Total expenses$75,634
I-19 Revenue less expenses$195,946
Part VI · Governance 0 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members0
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $271,580 across 4 lines filed
VIII-1f All other contributions, gifts and grants$265,042
VIII-1h Total contributions, gifts and grants$265,042
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,538$6,538
VIII-12 Total revenueRelated to mission $6,538 · Unrelated business $0 · Excluded from tax $0$271,580
Part IX · Statement of functional expenses $75,634 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $15,000$15,000
IX-2 Grants to domestic individualsPrograms $17,500$17,500
IX-11b Legal feesManagement $750$750
IX-11c Accounting feesPrograms $2,500 · Management $20,000$22,500
IX-11g Other fees for servicesPrograms $900 · Management $301$1,201
IX-12 Advertising and promotionPrograms $1,411 · Fundraising $478$1,889
IX-13 Office expensesManagement $50$50
IX-14 Information technologyPrograms $402 · Management $2,195$2,597
IX-17 TravelPrograms $313 · Management $1,805$2,118
IX-19 Conferences, conventions and meetingsPrograms $8,354 · Fundraising $2,250$10,604
IX-23 InsuranceManagement $113$113
IX-24 Other expenses (24a–d)Programs $615 · Management $697$1,312
IX-25 Total functional expensesPrograms $46,995 · Management $25,911 · Fundraising $2,728$75,634
Part X · Balance sheet $195,946 assets, 10 lines filed
X-1 Cash, non-interest-bearing$151,960
X-2 Savings and temporary cash investments$250
X-3 Pledges and grants receivable$42,500
X-9 Prepaid expenses and deferred charges$1,236
X-16 Total assetsStart of year $0$195,946
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$110,277
X-28 Net assets with donor restrictions$85,669
X-32 Total net assets or fund balancesStart of year $0$195,946
X-33 Total liabilities and net assetsStart of year $0$195,946
Part XI · Reconciliation of net assets $195,946 net assets at year end
XI-1 Total revenue$271,580
XI-2 Total expenses$75,634
XI-3 Revenue less expenses$195,946
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$195,946

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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