Overview
What is Latino Student Fund?
The Latino Student Fund, located at 910 17TH STREET STE 317, Washington, DC 20006, is a dedicated nonprofit organization that aims to provide academic opportunities for underserved Hispanic students between pre-K and 12th grade. Established in 1994, they offer the Scholars Program, a merit-based tuition stipend for Hispanic students attending local independent and parochial schools. Although the Scholars Program has been discontinued, students previously enrolled continue to receive support until they graduate from high school. The organization also coordinates parent workshops, school fairs, and personal consultations for students applying to these schools through the Family Resources Access Program. By providing educational assistance and promoting higher education, the Latino Student Fund seeks to foster professional leadership among Hispanic youth. Word count: 120
Official website here: www.latinostudentfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Latino Student Fund has earned an impressive 96% rating, reflecting strong organizational accountability and financial health. The charity’s score is primarily based on its exceptional performance in accountability and finance, showcasing a commitment to transparency and responsible management of resources. This high rating indicates that the fund effectively utilizes its donations to support its mission.
Key strengths of the organization include a fully independent board, with 11 members, and a robust audit and oversight committee that ensures proper financial oversight. The fund maintains solid financial practices, demonstrated by a low liabilities-to-assets ratio of 10.58% and a program expense ratio of 83.20%, meaning a significant portion of funds is directed toward its programs rather than administrative costs.
Despite these strengths, the data does not indicate any specific limitations or challenges facing the Latino Student Fund. Overall, the organization appears to be well-managed and focused on delivering value to the Latino community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Latino Student Fund legitimate?
Latino Student Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Latino Student Fund 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: $107,389
Professional Fundraising Fees: $0
Other Salaries and Wages: $358,654
For more financial information, click here
Official website here: www.latinostudentfund.org
What is the mission statement of Latino Student Fund?
The Latino Student Fund's mission is focused on providing opportunities for underprivileged Hispanic students from pre-K to 12th grade. Their goal is to foster a strong academic foundation and encourage higher education and professional leadership among this demographic. They achieve this through various initiatives, such as the Family Resources Access Program, which offers parent workshops, school fairs, and individual consultations for students applying to independent and parochial schools in the Washington, DC area. Additionally, the organization has a Scholars Program, which provides merit-based tuition stipends for Hispanic students attending local independent and parochial schools. Although the Scholars Program has been discontinued, students who were previously enrolled have been granted continued services until they graduate from high school.
Official website here: www.latinostudentfund.org
Who is the CEO of Latino Student Fund?
Fernando Barrueta is the Chair of Latino Student Fund.
Official website here: www.latinostudentfund.org
What is the revenue of Latino Student Fund?
Latino Student Fund's revenue in 2022 was $1,245,824.
Official website here: www.latinostudentfund.org
Who are the executives of Latino Student Fund and what are their salaries?
The average compensation at Latino Student Fund during 2022 was $46,604. There are 10 employees and 350 volunteers at Latino Student Fund.
Here are 10 key members and their salaries:
- Compensation: $92,610
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- Other: $2,589
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Official website here: www.latinostudentfund.org
Where can I find the form 990 for Latino Student Fund?
Latino Student Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.latinostudentfund.org
Learn more at the official website: www.latinostudentfund.org
Mission Statement of Latino Student Fund
The Latino Student Fund, a nonprofit organization, is committed to providing opportunities for a strong academic foundation for underserved students of Hispanic descent from pre-K to 12th grade. Its mission is twofold: firstly, to foster higher education, and secondly, to nurture professional leadership among this demographic. The organization achieves this goal through various initiatives, including the Family Resources Access Program, which has been operational since 2011. This program offers parent workshops, school fairs, and individual consultations for students applying to independent and parochial schools in the Washington, DC area.
Additionally, the Latino Student Fund has implemented the Scholars Program since 1994. This merit-based program provides tuition stipends for pre-K to 12th grade Hispanic students attending local independent and parochial schools. The organization has discontinued this program, but students previously enrolled in it have been granted grandfathered services until they graduate from high school. To further support education, the Latino Student Fund once partnered with the CrimsonBridge Foundation to offer scholarships for students to attend local independent and parochial schools.
In essence, the Latino Student Fund is dedicated to empowering Hispanic students by providing them with the necessary resources to excel academically and pursue higher education and professional leadership. Through its various initiatives, the organization strives to bridge the gap in educational opportunities for underserved Hispanic students.
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Impact
July, 2024
The Latino Student Fund has a significant impact on underserved Hispanic students by providing opportunities for a strong academic foundation from pre-K to 12th grade. Through various programs such as the Family Resources Access Program and the Scholars Program, the organization promotes higher education and professional leadership among its participants. By offering parent workshops, school fairs, individualized consultations, and merit-based tuition stipends, the Latino Student Fund helps students access quality education and prepares them for future success. Through partnerships with organizations like the Crimsonbridge Foundation, the Latino Student Fund also offers scholarships for students to attend local independent and parochial schools, further expanding educational opportunities for the Hispanic community in the Washington, DC area.
This information is meant to be a general summary of Latino Student Fund. 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.
- Program Service Revenue: $750
- Gross Receipts: $1,403,710
Assets and Liabilities:
- Total Assets: $1,043,757
- Total Liabilities: $6,165
- Net Assets: $1,037,592
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$750
Organization Details
Founding Year
1994
Phone
(202) 244-3438Principal Officer
Fernando Barrueta
Main Address
910 17TH STREET STE 317, WASHINGTON, DC, 20006
Website
www.latinostudentfund.orgNTEE Category
Code: B82Z - Education
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