Civic Intelligence

Latin American Perspectives Inc.

990 • Fiscal year 2015 • EIN 23-7425876

Jan 01, 2015 to Dec 31, 2015 • Filed on May 18, 2016

1940 San Remo DriveLaguna Beach, CA 92651

(949) 497-2218

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.00x

Higher debt load relative to assets than 57% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

59th percentile

0.00x

Higher debt load relative to revenue than 59% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

83rd percentile

28%

Higher net margin than 83% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

81st percentile

$15,000

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

56th percentile

5.1%

Faster asset growth than 56% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

42nd percentile

-3.9%

Faster revenue growth than 42% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$487,224

Up $23,691 (+5.1%) from 2014

Net Assets

Up

$486,450

Up $29,042 (+6.3%) from 2014

Liabilities

Down

$774

Down $5,351 (-87%) from 2014

Revenue

Down

$202,402

Down $8,154 (-3.9%) from 2014

Expenses

Up

$144,977

Up $4,036 (+2.9%) from 2014

Net Income

Down

$57,425

Down $12,190 (-18%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2013: $391,946Liabilities 2013: $4,742Net Assets 2013: $387,2042013Assets 2014: $463,533Liabilities 2014: $6,125Net Assets 2014: $457,4082014Assets 2015: $487,224Liabilities 2015: $774Net Assets 2015: $486,4502015Assets 2016: $496,440Liabilities 2016: $0Net Assets 2016: $496,4402016Assets 2017: $611,176Liabilities 2017: $0Net Assets 2017: $611,1762017Assets 2018: $613,976Liabilities 2018: $0Net Assets 2018: $613,9762018Assets 2019: $788,193Liabilities 2019: $0Net Assets 2019: $788,1932019Assets 2020: $507,878Liabilities 2020: $20,644Net Assets 2020: $487,2342020Assets 2021: $654,961Liabilities 2021: $0Net Assets 2021: $654,9612021Assets 2022: $475,924Liabilities 2022: $0Net Assets 2022: $475,9242022Assets 2023: $593,929Liabilities 2023: $0Net Assets 2023: $593,9292023Assets 2024: $644,733Liabilities 2024: $0Net Assets 2024: $644,7332024

Highlighted filing

2015

Assets$487,224
Liabilities$774
Net Assets$486,450

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2013: $183,147Expenses 2013: $134,454Net Income 2013: $48,6932013Revenue 2014: $210,556Expenses 2014: $140,941Net Income 2014: $69,6152014Revenue 2015: $202,402Expenses 2015: $144,977Net Income 2015: $57,4252015Revenue 2016: $213,776Expenses 2016: $225,327Net Income 2016: -$11,5512016Revenue 2017: $214,351Expenses 2017: $151,367Net Income 2017: $62,9842017Revenue 2018: $208,953Expenses 2018: $157,529Net Income 2018: $51,4242018Revenue 2019: $200,913Expenses 2019: $182,557Net Income 2019: $18,3562019Revenue 2020: $262,559Expenses 2020: $222,659Net Income 2020: $39,9002020Revenue 2021: $213,612Expenses 2021: $167,584Net Income 2021: $46,0282021Revenue 2022: $156,187Expenses 2022: $209,413Net Income 2022: -$53,2262022Revenue 2023: $143,628Expenses 2023: $197,246Net Income 2023: -$53,6182023Revenue 2024: $190,599Expenses 2024: $186,907Net Income 2024: $3,6922024

Highlighted filing

2015

Revenue$202,402
Expenses$144,977
Net Income$57,425
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 18, 2016
Return Version
2015v2.1
Gross Receipts
$261,616
Mission and Program Overview

Mission

To encourage class analysis of sociocultural realties and polical strategies to tranform latin american sociapoiltical structures. We make a conscious effort to publish a diversity of politcal viewpoints.

Publish educational journal concerning current issues in latin america.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$451,775$479,394▲ $27,619
Cash and Non-Interest-Bearing Accounts$11,758$7,830▼ $3,928
Total Assets$463,533$487,224▲ $23,691
Liabilities
Other Liabilities$6,125$774▼ $5,351
Total Liabilities$6,125$774▼ $5,351
Net Assets / Fund Balance
Unrestricted Net Assets$457,408$486,450▲ $29,042
Total Net Assets Fund Balance$457,408$486,450▲ $29,042
Total Liabilities and Net Assets / Fund Balance$463,533$487,224▲ $23,691
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Ronald H ChilcotePresident/diPT$15,000$15,000
Rosalind BresnahanVice Pres/di-$12,000$12,000
George LeddyVice Pres/di-$6,000$6,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$17,865
Program Service Revenue
$172,671
Investment Income
$11,866
Other Revenue
$0
All Other Contributions
$17,865
Change in Net Assets
$57,425
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$78,635
Salaries, Compensation, and Employee Benefits$66,342
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$48,073--$48,073
Other Salaries and Wages$33,342--$33,342
Current Officers, Directors, Trustees, and Key Employees$33,000--$33,000
Advertising-$9,434-$9,434
Information Technology-$9,072-$9,072
Other Expenses$6,682$2,161-$8,843
Insurance$1,217--$1,217
Fees for Service Investment Mgmnt Fees-$704-$704
Fees for Services Accounting-$650-$650
Office Expenses-$642-$642
Total Functional Expenses$122,314$22,663$0$144,977
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Lwp$774
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Ronald chilcote frances chilcote donald bray margorie bray

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 15A

The board sets the compensation of the officers. Althought ronald chilcote receives a salary, he donates it back to the organization.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Latin American Perspectives
EIN
23-7425876
Phone
9494972218
Address
1940 SAN REMO DRIVE, LAGUNA BEACH, CA 92651

Signing Officer

Name
Ronald H Chilcote
Title
President/director
Phone
9494972218
Signed
2016-05-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronald H Chilcote
Voting Board Members
23
Independent Board Members
23
Employees
8

Preparer

Firm
Vicenti Lloyd & Stutzman
Address
2210 E ROUTE 66 STE 100, GLENDORA, CA 91740-4676
Preparer
Timothy D Evans CPA
Phone
6268577300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Editorial contractors 48,073 0 0

Form 990, Part XI, Line 9

Unrealized gain/loss - investments -28,383 total -28,383

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RONALD CHILCOTE FRANCES CHILCOTE DONALD BRAY MARGORIE BRAY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD SETS THE COMPENSATION OF THE OFFICERS. ALTHOUGHT RONALD CHILCOTE RECEIVES A SALARY, HE DONATES IT BACK TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EDITORIAL CONTRACTORS 48,073 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UNREALIZED GAIN/LOSS - INVESTMENTS -28,383 TOTAL -28,383
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
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