Overview
What is Latino Community Foundation?
The Latino Community Foundation (LCF) is a nonprofit organization based in San Francisco, California, with a workforce of 24 employees. LCF's primary goal is to empower Latinos in California by building a movement of civically engaged philanthropic leaders and investing in Latino-led initiatives. Through grantmaking, convening, and advocacy, LCF has made significant strides in California, securing over 300 million in federal resources, increasing voter participation in the Central Valley, and raising over 2 million in new private funds for a network of 27 organizations. LCF's mission is to unlock the civic and economic power of Latinos in California by fostering a community of philanthropic leaders and supporting Latino-led initiatives. Their efforts aim to create a strong multiracial democracy and an inclusive, just economy.
Official website here: www.latinocf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Latino Community Foundation has achieved an impressive 97% rating from Charity Navigator, reflecting strong accountability and financial health. This high score indicates that the organization operates with a high degree of transparency, showcasing solid governance practices, such as having a fully independent board and effective oversight measures in place.
Strengths include an exceptional program expense ratio of 90.89%, which suggests that the majority of funds are directed toward its mission-driven activities. Additionally, the foundation demonstrates financial stability with a low liabilities to assets ratio of 3.21% and a strong working capital ratio, positioning it well for future initiatives and growth.
While the foundation excels in financial management and governance, continuous adherence to its strong policies and practices will be essential for maintaining this level of performance. Overall, the foundation stands out for its commitment to serving the Latino community effectively and efficiently.
This AI summary has been generated from information found on Charity Navigator.
Is Latino Community Foundation legitimate?
Latino Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Latino Community Foundation 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: $573,704
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,974,669
For more financial information, click here
Official website here: www.latinocf.org
What is the mission statement of Latino Community Foundation?
The Latino Community Foundation exists to empower and unleash the civic and economic power of Latinos in California. It fulfills this mission by building a movement of civically engaged philanthropic leaders and investing in Latino-led organizations. The foundation has made significant strides in this regard, leveraging its unique role as a grantmaker, convener, and advocate to build and activate networks of changemakers primarily in regions like the Central Valley, Central Coast, and the Inland Empire. These efforts have yielded substantial fruits, such as securing over 300 million dollars in federal resources in 2022, increasing voter participation in the Central Valley, and mobilizing over 2 million dollars in new private funds to support a network of 27 organizations through the Latino Nonprofit Accelerator. The foundation has addressed the philanthropic inequity and disinvestment in Latino communities by organizing the largest movement of Latino donors in the nation and collaborating with statewide and regional foundations. In 2022, the foundation led convenings across the state to amplify the voices of Latinos and inspire a philanthropic movement aimed at liberating capital for Latino communities across California. Through media, the foundation seeks to shape an asset-based narrative about the value and contributions of Latinos, youth voters, and Latino-led nonprofits. The foundation holds faith in the community's capacity to inform, shape, and create the social change needed for a strong multiracial democracy and an inclusive, just economy.
Official website here: www.latinocf.org
Who is the CEO of Latino Community Foundation?
Jacqueline Martinez Garcel is the Ceo of Latino Community Foundation. The CEO's salary of Latino Community Foundation is $357,741 and their total compensation is $385,089.
Official website here: www.latinocf.org
What is the revenue of Latino Community Foundation?
Latino Community Foundation's revenue in 2022 was $26,130,512.
Official website here: www.latinocf.org
Who are the executives of Latino Community Foundation and what are their salaries?
The average compensation at Latino Community Foundation during 2022 was $106,182. There are 24 employees and 22 volunteers at Latino Community Foundation.
Here are 22 key members and their salaries (Latino Community Foundation's CEO's salary is $357,741 and their total compensation is $385,089):
- Compensation: $357,741
- Related: $0
- Other: $27,348
- Compensation: $175,903
- Related: $0
- Other: $18,317
- Compensation: $165,887
- Related: $0
- Other: $22,728
- Compensation: $143,089
- Related: $0
- Other: $24,249
- Compensation: $133,040
- Related: $0
- Other: $10,851
- Compensation: $105,455
- Related: $0
- Other: $10,208
- Compensation: $111,500
- Related: $0
- Other: $3,432
- Compensation: $0
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- Other: $0
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Official website here: www.latinocf.org
Where can I find the form 990 for Latino Community Foundation?
Latino Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.latinocf.org
Learn more at the official website: www.latinocf.org
Mission Statement of Latino Community Foundation
The Latino Community Foundation (LCF) is a California-based organization dedicated to unleashing the civic and economic power of Latinos in the state. It accomplishes this mission by building a movement of civically engaged philanthropic leaders and investing in Latino-led initiatives.
LCF's Latino Power Fund is a crucial component of its mission. As a grantmaker, convener, and advocate, LCF leverages its unique role to build and activate a network of changemakers in regions such as the Central Valley, Central Coast, and the Inland Empire. These efforts have led to significant results, including the leveraging of over $300 million in federal resources in 2022, increased voter participation in the Central Valley, and over $2 million in new private funds to a network of 27 organizations through LCF's Latino Nonprofit Accelerator.
The Latino Community Foundation addresses the philanthropic inequity and disinvestment in Latino communities by organizing the largest movement of Latino donors in the nation and partnering with statewide and regional foundations. In 2022, LCF led convenings across the state to amplify the voices of Latinos and inspire a philanthropic movement to liberate capital for Latino communities across California. The organization has also utilized media to help shape an asset-based narrative about the value and contributions of Latinos, youth voters, and Latino-led nonprofits. LCF is confident in the community's ability to inform, shape, and create the social change needed for a strong multiracial democracy and an inclusive, just economy.
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Impact
October, 2024
The Latino Community Foundation (LCF) plays a pivotal role in amplifying the civic and economic power of Latinos across California. By building a robust movement of engaged philanthropic leaders, LCF has effectively mobilized resources and support that strengthen Latino communities. In 2022 alone, their initiatives helped leverage over $300 million in federal resources while promoting increased voter participation, particularly in the Central Valley.
Through the Latino Power Fund, LCF fosters civic engagement and activates a network of changemakers across critical regions like the Central Valley, Central Coast, and the Inland Empire. Their work has seen the distribution of over $2 million in new private funding to a diverse range of 27 organizations via the LCF Latino Accelerator, addressing longstanding philanthropic inequities and enhancing investment in Latino-led initiatives.
Additionally, LCF strategically utilizes media to reshape narratives that highlight the value and contributions of Latino communities, creating a compelling case for economic and civic investment. By convening statewide discussions, LCF amplifies Latino voices and inspires a philanthropic movement aimed at liberating capital for these communities, contributing to a more inclusive and just economy in California. Their efforts not only empower current generations but also lay the groundwork for a stronger multi-racial democracy, reinforcing the importance of Latino engagement in social change.
This information is meant to be a general summary of Latino Community Foundation. 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: $95,500
- Gross Receipts: $27,404,366
Assets and Liabilities:
- Total Assets: $40,505,366
- Total Liabilities: $1,304,098
- Net Assets: $39,201,268
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Organization Details
Founding Year
1989
Phone
(415) 236-4020Principal Officer
Jacqueline Martinez Garcel
Main Address
235 MONTGOMERY STREET 1160, SAN FRANCISCO, CA, 94104
Website
www.latinocf.orgNTEE Category
Code: P11 - Human services
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