Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1987.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
91 cents of each dollar spent went to programs.
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
28 people listed on the 990; $1.1M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Ana Marie Argilagos | $328,947 | $303,889 | $293,693 | $275,258 | $282,900 |
| Catterina Olazabal | $139,813 | $207,336 | $193,700 | $166,520 | $156,245 |
| Heidy Gil | $207,088 | — | — | — | — |
| Jorge Calderon | $203,011 | $183,246 | $177,000 | — | — |
| Alice Hom | $202,762 | $157,692 | — | — | — |
| Jazmin Chavez | $161,452 | $167,999 | $148,700 | $134,621 | $113,750 |
| Monica Ramirez | — | — | — | $159,617 | $155,000 |
| Hilda Vega | $155,812 | — | — | — | — |
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 15aYes
Programs and updates
Mobilizes philanthropic resources and digital crowdfunding to strengthen Latinx leadership, equity, and social justice initiatives across the United States and Latin America.
Questions for Hispanics in Philanthropy
Your first name shows with your question. Hispanics in Philanthropy answers here, for everyone.
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The powerup fund program rebranded to inicio ventures and refined the program into a three pillar approach of investing, developing, and connecting latinx startups, in 2021 inicio ventures provided capital to six latinx-led startups, which were 67% female founders, held two launchpad pitch competition events, launched a fellowship…
The gender equity program provided grantmaking activities and raised awareness of the reality of migrant women on their journeys through the americas during the international day for the elimination of violence against women, in partnership with racismomx, espacio migrante, and cafemin.
The organization's emergency response program, included pandemic relief efforts to provide emergency grantmaking to non-profits providing direct cash aid, legal services, and support to farmworkers and essential workers.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $13.5M | $15.1M |
| InvestmentsLn 11–13 | $12.3M | $15.7M |
| Land, buildings, equipmentLn 10c | $34K | $198K |
| Total assetsLn 16 | $28.4M | $32.6M |
| LiabilitiesLn 26 | $3.2M | $2.9M |
| Net assetsLn 32 | $25.2M | $29.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $4.1M | $4.1M | ||
| Grants and assistance to foreign recipientsLn 3 | $4.1M | $4.1M | ||
| Pay of current officers, directors and key staffLn 5 | $470K | $311K | $120K | $40K |
| Other salaries and wagesLn 7 | $2.8M | $2.2M | $279K | $289K |
| Pension plan contributionsLn 8 | $63K | $51K | $5K | $7K |
| Other employee benefitsLn 9 | $364K | $281K | $46K | $37K |
| Payroll taxesLn 10 | $238K | $186K | $29K | $24K |
| Legal feesLn 11b | $55K | $49K | $6K | |
| Accounting feesLn 11c | $151K | $23K | $123K | $6K |
| Professional fundraising feesLn 11e | $230K | $230K | ||
| Investment management feesLn 11f | $52K | $52K | ||
| Other fees for servicesLn 11g | $2.2M | $2.1M | $21K | $13K |
| Advertising and promotionLn 12 | $44K | $44K | ||
| Office expensesLn 13 | $208K | $177K | $24K | $8K |
| Information technologyLn 14 | $298K | $241K | $39K | $18K |
| OccupancyLn 16 | $162K | $130K | $16K | $16K |
| TravelLn 17 | $176K | $162K | $7K | $6K |
| Conferences, conventions and meetingsLn 19 | $277K | $277K | ||
| InsuranceLn 23 | $17K | $10K | $7K | $865 |
| All other expensesLn 24e | $16K | $16K | $43 | |
| Total functional expensesLn 25 | $16.0M | $14.5M | $774K | $693K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $6.4M | $13.3M | −$6.9M | $13.7M | 990 PDF |
| FY2023 | $15.1M | $18.9M | −$3.8M | $20.4M | 990 PDF |
| FY2022 | $14.5M | $18.7M | −$4.1M | $23.7M | 990 PDF |
| FY2021 Viewing | $20.3M | $16.0M | $4.3M | $29.7M | 990 PDF |
| FY2020 | $31.1M | $22.3M | $8.9M | $25.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $20,330,373 revenue, 12 lines filed
Part VI · Governance 17 of 17 board members independent, no flags
Part VIII · Statement of revenue $20,330,373 across 9 lines filed
Part IX · Statement of functional expenses $16,000,335 across 20 lines filed
Part X · Balance sheet $32,628,139 assets, 16 lines filed
Part XI · Reconciliation of net assets $29,729,504 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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