Civic Intelligence

Latino Foundation of Stamford Inc

EIN 06-1549996 • 501(c)3 • Stamford, CT

Profile

PROMOTE THE ARTS

50 Bell StreetStamford, CT 06901

lafosinc org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

24th percentile

-19%

Higher net margin than 24% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

11th percentile

-96%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

98th percentile

618%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets60th percentile

Assets

Down

$56

Down $1,279 (-96%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Down

$56

Down $1,279 (-96%) from 2021

Operations
Liabilities / Revenue62nd percentileNet Margin24th percentile

Revenue

Up

$6,907

Up $5,945 (+618%) from 2021

Expenses

Up

$8,186

Up $6,856 (+515%) from 2021

Net Income

Down

-$1,279

Down $911 (-248%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth11th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0K$3.0K$2.0K$1.0K$0Assets 2012: $3,871Liabilities 2012: $02012Assets 2016: $1,458Liabilities 2016: $02016Assets 2017: $1,819Liabilities 2017: $0Net Assets 2017: $1,8192017Assets 2018: $1,822Liabilities 2018: $0Net Assets 2018: $1,8222018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $2,0612019Assets 2020: $1,703Liabilities 2020: $0Net Assets 2020: $1,7032020Assets 2021: $1,335Liabilities 2021: $0Net Assets 2021: $1,3352021Assets 2022: $56Liabilities 2022: $0Net Assets 2022: $562022

Highlighted filing

2022

Assets$56
Liabilities$0
Net Assets$56
Open 2022 Filing

Operations Trend

Revenue Growth98th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15K$10K$5.0K$0-$5.0KRevenue 2012: $13,330Expenses 2012: $13,029Net Income 2012: $3012012Revenue 2016: $11,514Expenses 2016: $10,056Net Income 2016: $1,4582016Revenue 2017: $3,853Expenses 2017: $3,492Net Income 2017: $3612017Revenue 2018: $910Expenses 2018: $907Net Income 2018: $32018Revenue 2019: $4,097Expenses 2019: $3,657Net Income 2019: $4402019Revenue 2020: $645Expenses 2020: $1,002Net Income 2020: -$3572020Revenue 2021: $962Expenses 2021: $1,330Net Income 2021: -$3682021Revenue 2022: $6,907Expenses 2022: $8,186Net Income 2022: -$1,2792022

Highlighted filing

2022

Revenue$6,907
Expenses$8,186
Net Income-$1,279
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$56
Liabilities
$0
Net assets
$56
Revenue
$6,907
Expenses
$8,186
Net income
-$1,279
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$6.91$8.19$1.28
2021Detailed filing. Detailed filing data is available for this year.$1.34$0.00$1.34$0.96$1.33$0.37
2020Detailed filing. Detailed filing data is available for this year.$1.70$0.00$1.70$0.65$1.00$0.36
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$2.06$4.10$3.66$0.44
2018Detailed filing. Detailed filing data is available for this year.$1.82$0.00$1.82$0.91$0.91$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.82$0.00$1.82$3.85$3.49$0.36
2016Summary only. Only limited summary data is available for this year.$1.46$0.00$11.5$10.1$1.46
2012Summary only. Only limited summary data is available for this year.$3.87$0.00$13.3$13.0$0.30
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 10, 2023
Return Version
2022v5.0
Gross Receipts
$6,907
Mission and Program Overview

Mission

PROMOTE THE ARTS

Program Services

DescriptionGrantsExpenses
EVENTS IZADA DE BANDERA, DIA DE MUERTOS.$0$5,986
THE FOUNDATION WAS CREATED AS A MEANS OR OFFERING LATINOHIGH SCHOOL STUDENTS AN OPPORTUNITY FOR A SCHOLARSHIPIN THE ART.$0$2,200
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
GALDINO VELASCOPresidentPT$0--
Filing and Contact Details

Filer

Filer Name
Latino Foundation of Stamford Inc
EIN
06-1549996
Phone
2035704183
Address
50 BELL STREET, STAMFORD, CT 06901

Signing Officer

Name
Galdino Velasco
Title
President
Phone
2035704183
Signed
2023-10-10

Preparer

Firm
Lidia V Castro
Address
23 Seaton Rd Unit 4, Stamford, CT 06902
Preparer
Lidia Violeta Castro
Phone
2032746316
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“Arts & Culture Commision Grant 2000.”

Form 990EZ, Part I, Line 16

“Mexican Flag Raising Music Grant 200.”

Form 990EZ, Part I, Line 16

“Events Izamiento de Bandera, Dia de los muertos. 5196.”

Form 990EZ, Part I, Line 16

“Liability Insurance 2021-2022 790.”

Raw XML Appendix145 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0GALDINO VELASCO
IRS990EZ/BooksInCareOfDetail/PhoneNum02035704183
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt050 BELL STREET APT 43
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0STAMFORD
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd006901
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt01335
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt056
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt06907
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-1279
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt01335
IRS990EZ/Form990TotalAssetsGrp/EOYAmt056
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt06907
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt01335
IRS990EZ/NetAssetsOrFundBalancesEOYAmt056
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt01335
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt056
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0GALDINO VELASCO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt08186
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0PROMOTE THE ARTS
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE FOUNDATION WAS CREATED AS A MEANS OR OFFERING LATINOHIGH SCHOOL STUDENTS AN OPPORTUNITY FOR A SCHOLARSHIPIN THE ART.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1EVENTS IZADA DE BANDERA, DIA DE MUERTOS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt02200
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt15986
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt08186
IRS990EZ/TotalProgramServiceExpensesAmt08186
IRS990EZ/TotalRevenueAmt06907
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0LAFOSINC ORG
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt06907
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0440
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0645
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt04097
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0910
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt012999
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt012999
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt06907
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0440
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0645
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt04097
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0910
IRS990ScheduleA/Total509Grp/TotalAmt012999
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt012999
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Arts & Culture Commision Grant 2000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Mexican Flag Raising Music Grant 200.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Events Izamiento de Bandera, Dia de los muertos. 5196.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Liability Insurance 2021-2022 790.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GALDINO VELASCO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02035704183
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LATINO FOUNDATION OF STAMFORD INC
ReturnHeader/Filer/BusinessNameControlTxt0LATI
ReturnHeader/Filer/EIN0061549996
ReturnHeader/Filer/PhoneNum02035704183
ReturnHeader/Filer/USAddress/AddressLine1Txt050 BELL STREET
ReturnHeader/Filer/USAddress/CityNm0STAMFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006901
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0364624937
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LIDIA V CASTRO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt023 Seaton Rd Unit 4
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Stamford
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006902
ReturnHeader/PreparerPersonGrp/PhoneNum02032746316
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LIDIA VIOLETA CASTRO
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-11-14T03:17:51-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GALDINO
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0VELASCO
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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