Overview
What is Latino Community Fund Of Washington State?
The Latino Community Fund of Washington State is a dedicated nonprofit organization, headquartered in Seattle, Washington. Their primary mission is to enhance the well-being of the Latino community in the state. To accomplish this, they offer various programs and services. The Washington Latino Nonprofit Leadership Academy (WA LNLA) is one such initiative, providing training and leadership development opportunities for small-sized Latino nonprofit leaders. This helps them better meet the growing needs of their communities. In addition, the Latino Community Fund offers technical nonprofit management and advisory services to new and emerging nonprofits that address issues significant to communities of color. They also provide direct general operating grant awards to Latino-led, Latino-accountable nonprofit organizations throughout the state to assist with unmet needs and increase their capacity to better serve children and families. Overall, their goal is to cultivate new leaders, support effective nonprofit organizations, and improve the quality of life for all Washingtonians. The organization employs a total of 29 individuals.
Official website here: www.latinocommunityfund.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 92% (Four-Star out of Four Star rating)
The Latino Community Fund of Washington State has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial management. The organization scored highly in various categories, showcasing an independent board with a full complement of members and a robust program expense ratio of 87.65%. This indicates that a significant portion of its financial resources is directed toward its mission-related activities.
Strengths identified include excellent oversight practices, such as an audit and oversight committee with a perfect score, and a favorable liabilities to assets ratio of 17.97%. The fund demonstrates efficient fundraising practices, maintaining low costs relative to the funds raised, which enhances its financial sustainability and operational effectiveness.
However, there are notable limitations, particularly the absence of a whistleblower policy and a document retention and destruction policy, both of which received zero points. Addressing these gaps could further improve their accountability framework. Overall, the Latino Community Fund of Washington State stands out for its financial stability and effective governance, despite some areas that require attention.
This AI summary has been generated from information found on Charity Navigator.
Is Latino Community Fund Of Washington State legitimate?
Latino Community Fund Of Washington State is a legitimate nonprofit organization registered as a 501(c)(3) entity. Latino Community Fund Of Washington State submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $84,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,035,417
For more financial information, click here
Official website here: www.latinocommunityfund.org
What is the mission statement of Latino Community Fund Of Washington State?
The Latino Community Fund of Washington State invests in the Latino community with the aim of cultivating new leaders, supporting effective non-profit organizations, and improving the quality of life for all Washingtonians. The organization provides capacity building and development through programs like the Washington Latino Nonprofit Leadership Academy, which offers training and leadership opportunities to enhance the abilities of small-sized Latino non-profit leaders. Additionally, the fund offers technical non-profit management and advisory services to new and emerging non-profits that address issues of significance to communities of color. Furthermore, the Latino Community Fund provides direct general operating grant awards to Latino-led, Latino-accountable non-profit organizations throughout the state to assist with unmet needs and increase their capacity to better serve children and families.
Official website here: www.latinocommunityfund.org
Who is the CEO of Latino Community Fund Of Washington State?
Lilliane Ballesteros is the Executive Di of Latino Community Fund Of Washington State.
Official website here: www.latinocommunityfund.org
What is the revenue of Latino Community Fund Of Washington State?
Latino Community Fund Of Washington State's revenue in 2022 was $7,137,584.
Official website here: www.latinocommunityfund.org
Who are the executives of Latino Community Fund Of Washington State and what are their salaries?
The average compensation at Latino Community Fund Of Washington State during 2022 was $38,601. There are 29 employees and 25 volunteers at Latino Community Fund Of Washington State.
Here are 15 key members and their salaries:
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- Other: $4,715
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Official website here: www.latinocommunityfund.org
Where can I find the form 990 for Latino Community Fund Of Washington State?
Latino Community Fund Of Washington State's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.latinocommunityfund.org
Learn more at the official website: www.latinocommunityfund.org
Mission Statement of Latino Community Fund Of Washington State
The Latino Community Fund of Washington State aims to enhance the well-being of Latinos residing in the state. As part of its mission, the organization invests in the Latino community, focusing on cultivating new leaders, supporting effective non-profit organizations, and improving the quality of life for all Washingtonians. The Latino Community Fund accomplishes this by engaging in capacity building and development activities.
One of their primary initiatives is the Washington Latino Nonprofit Leadership Academy (WA LNLA), which offers training and leadership programs to bolster the capacity of small-sized Latino non-profit leaders. These leaders play a significant role in addressing the growing needs of the Latino population. The Latino Community Fund also provides technical non-profit management and advisory services to new and emerging non-profits. These organizations focus on addressing issues of importance to communities of color.
In addition, the Latino Community Fund grants direct financial assistance to Latino-led, Latino-accountable non-profit organizations throughout the state. These funds help meet unmet needs and enhance the organizations' capacity to better serve children and families. By investing in the Latino community in this manner, the Latino Community Fund of Washington State contributes to improving the lives and opportunities of Latinos in the state.
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Impact
October, 2024
The Latino Community Fund of Washington State has made a significant impact by enhancing the well-being of the Latino community through various initiatives. One of its key contributions is the Washington Latino Leadership Academy, which offers training and leadership programs designed to empower Latino leaders. This program addresses the evolving needs of a growing population by equipping leaders with essential skills and knowledge.
In addition to leadership training, the Fund provides crucial technical management and advisory services to new and emerging Latino-led organizations. These support systems allow organizations to tackle pressing issues relevant to communities of color effectively.
Moreover, by granting direct funding to Latino-led and Latino-accountable organizations, the Fund helps address unmet needs within the community. This financial support not only enhances the operational capacity of these organizations but also ensures they can better serve children and families in Washington State. Overall, the Latino Community Fund plays a pivotal role in cultivating leadership, supporting effective organizations, and improving the quality of life for all residents.
This information is meant to be a general summary of Latino Community Fund Of Washington State. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $12,140
- Program Service Revenue: $137,187
- Gross Receipts: $7,199,284
Assets and Liabilities:
- Total Assets: $7,718,471
- Total Liabilities: $1,387,466
- Net Assets: $6,331,005
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$137,187
Organization Details
Founding Year
2007
Phone
(206) 367-2448Principal Officer
Lilliane Ballesteros
Main Address
PO BOX 30669, SEATTLE, WA, 98103
Website
www.latinocommunityfund.orgNTEE Category
Code: P20 - Human services
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