Overview
What is Latino Action Network Foundation Inc?
The Latino Action Network Foundation Inc, based in Freehold, New Jersey, is a nonprofit organization committed to championing the equitable inclusion of Latino communities in various aspects of American society. Through charitable, scientific, and educational initiatives, the foundation strives to support Hispanic women, enhancing their employability and improving their lives and those of their families. They accomplish this by utilizing contract funds to establish demonstration resource centers, offering training and employment-related services. These centers identify job opportunities and assist women in securing employment, ultimately impacting the overall quality of life within their communities. Dr. Jessely De La Cruz leads the foundation in its mission.
Official website here: www.lanfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating. The Latino Action Network Foundation Inc. has demonstrated certain strengths in its governance structure, notably achieving a perfect score for having a majority of independent board members and ensuring there has been no material diversion of assets. Additionally, the organization has a favorable liabilities to assets ratio, which indicates good financial health.
However, the foundation has significant shortcomings in transparency and accountability. It received no points for financial statements, which suggests a lack of available financial reporting to the public. Furthermore, several key policies, including a conflict of interest policy and a whistleblower policy, are missing, which raises concerns about the organization’s commitment to best practices in governance.
Despite these limitations, the foundation allocates a high percentage of its expenses to programs, with a program expense ratio of 96.51%. This indicates a strong focus on its mission-driven activities, although the lack of transparency may hinder potential donors' confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Latino Action Network Foundation Inc legitimate?
Latino Action Network Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Latino Action Network Foundation Inc 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: $120,107
Professional Fundraising Fees: $0
Other Salaries and Wages: $347,861
For more financial information, click here
Official website here: www.lanfoundation.org
What is the mission statement of Latino Action Network Foundation Inc?
The Latino Action Network Foundation Inc., established for charitable, scientific, and educational purposes, aims to promote the equitable inclusion of Latinx communities in various aspects of American society. The foundation achieves this objective by directly or indirectly utilizing contract funds to support Demonstration Resource Centers for Latina and Hispanic women. These centers are designed to enhance the employability of Latinx women by providing training and employment-related services. The goal is to improve their earning potential and overall quality of life, positively impacting not only their lives but also those of their families. The centers also identify existing job opportunities and assist women in obtaining employment.
Official website here: www.lanfoundation.org
What is the revenue of Latino Action Network Foundation Inc?
Latino Action Network Foundation Inc's revenue in 2024 was $4,787,192.
Official website here: www.lanfoundation.org
Who are the executives of Latino Action Network Foundation Inc and what are their salaries?
The average compensation at Latino Action Network Foundation Inc during 2024 was $46,797. There are 10 employees at Latino Action Network Foundation Inc.
Here are 6 key members and their salaries:
- Compensation: $120,107
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lanfoundation.org
Where can I find the form 990 for Latino Action Network Foundation Inc?
Latino Action Network Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.lanfoundation.org
Learn more at the official website: www.lanfoundation.org
Mission Statement of Latino Action Network Foundation Inc
The Latino Action Network Foundation Inc, established for charitable, scientific, and educational purposes, aims to promote the equitable inclusion of the Latino community in various aspects of American society. The organization accomplishes this mission directly or through sub-contracts with agencies serving Latina/Hispanic women. They utilize contract funds to support Hispanic Women's Demonstration Resource Centers. These centers are instrumental in enhancing the employability of Hispanic women. The centers and programs provide training and employment-related services designed to enhance the employability and earnings of Hispanic women, thereby improving the quality of their lives and those of their families. These centers identify existing job opportunities for women and assist them in obtaining employment.
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Impact
July, 2024
The Latino Action Network Foundation Inc's impact is focused on advancing the equitable inclusion of Latino communities in all facets of American society. Specifically, the foundation supports Hispanic women through demonstration resource centers that enhance their employability. By providing training, employment-related services, and identifying job opportunities, the foundation aims to improve the quality of life for Hispanic women and their families.
This information is meant to be a general summary of Latino Action Network Foundation Inc. 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 2024.
- Gross Receipts: $4,787,192
Assets and Liabilities:
- Total Assets: $521,434
- Total Liabilities: $35,713
- Net Assets: $485,721
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Organization Details
Founding Year
2012
Principal Officer
Dr Jessely De La Cruz
Website
www.lanfoundation.orgNTEE Category
Code: P01 - Human services
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