Civic Intelligence

The Translatin Coalition

990 • Fiscal year 2023 • EIN 27-3801872

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 11, 2024

2975 Wilshire Blvd Ste 350Los Angeles, CA 90010

(818) 983-4194

Siviq Scores

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

Liabilities / Assets

65th percentile

0.34x

Higher debt load relative to assets than 65% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

70th percentile

0.58x

Higher debt load relative to revenue than 70% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

79th percentile

24%

Higher net margin than 79% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

95th percentile

92%

Faster asset growth than 95% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

59th percentile

10%

Faster revenue growth than 59% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$14,286,096

Up $6,854,822 (+92%) from 2022

Net Assets

Up

$9,488,081

Up $2,118,181 (+29%) from 2022

Liabilities

Up

$4,798,015

Up $4,736,641 (+7718%) from 2022

Revenue

Up

$8,303,780

Up $761,039 (+10%) from 2022

Expenses

Up

$6,278,830

Up $2,657,699 (+73%) from 2022

Net Income

Down

$2,024,950

Down $1,896,660 (-48%) from 2022

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2018: $459,227Liabilities 2018: $0Net Assets 2018: $459,2272018Assets 2019: $659,176Liabilities 2019: $0Net Assets 2019: $659,1762019Assets 2020: $2,246,481Liabilities 2020: $77,392Net Assets 2020: $2,169,0892020Assets 2021: $3,458,659Liabilities 2021: $10,167Net Assets 2021: $3,448,4922021Assets 2022: $7,431,274Liabilities 2022: $61,374Net Assets 2022: $7,369,9002022Assets 2023: $14,286,096Liabilities 2023: $4,798,015Net Assets 2023: $9,488,0812023Assets 2024: $14,050,279Liabilities 2024: $525,356Net Assets 2024: $13,524,9232024

Highlighted filing

2023

Assets$14,286,096
Liabilities$4,798,015
Net Assets$9,488,081

Operations Trend

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

$15M$10M$5.0M$0Revenue 2018: $990,456Expenses 2018: $540,583Net Income 2018: $449,8732018Revenue 2019: $1,052,988Expenses 2019: $853,039Net Income 2019: $199,9492019Revenue 2020: $2,984,722Expenses 2020: $1,738,151Net Income 2020: $1,246,5712020Revenue 2021: $3,883,576Expenses 2021: $2,663,076Net Income 2021: $1,220,5002021Revenue 2022: $7,542,741Expenses 2022: $3,621,131Net Income 2022: $3,921,6102022Revenue 2023: $8,303,780Expenses 2023: $6,278,830Net Income 2023: $2,024,9502023Revenue 2024: $12,509,783Expenses 2024: $7,223,767Net Income 2024: $5,286,0162024

Highlighted filing

2023

Revenue$8,303,780
Expenses$6,278,830
Net Income$2,024,950
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 11, 2024
Return Version
2023v5.1
Gross Receipts
$8,303,780
Mission and Program Overview

Mission

The mission of TransLatin@ Coalition is to advocate for the specific needs of the Trans Latin@ community that reside in the U.S.A. and to plan strategies that improve our quality of life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,367,971$7,657,319▲ $1,289,348
Accounts Receivable$611,895$1,535,262▲ $923,367
Prepaid Expenses and Deferred Charges-$102,644-
Land, Buildings, and Equipment, Net$22,043$74,525▲ $52,482
Total Assets$7,431,274$14,286,096▲ $6,854,822
Other Assets Total$429,365$4,916,346▲ $4,486,981
Liabilities
Other Liabilities$3,402$4,613,189▲ $4,609,787
Accounts Payable and Accrued Expenses$57,972$184,826▲ $126,854
Total Liabilities$61,374$4,798,015▲ $4,736,641
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,369,900$9,488,081▲ $2,118,181
Total Net Assets Fund Balance$7,369,900$9,488,081▲ $2,118,181
Total Liabilities and Net Assets / Fund Balance$7,431,274$14,286,096▲ $6,854,822

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,981$16,275-
Leasehold Improvements$56,544$9,016-
Other Assets Org$4,675,127--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Maritxa VidalCentral Co Chair
Salma AndrewsCentral Co Chair
Alexa CastanonCo Chair
Arianna Inurritegui LintEast Coast Co Chair
Ishalaa SerranoEast Coast Co Chair
Bamby SalcedoCeopresident
Paola CootsAdministrative Support
Revenue and Support

Revenue Composition

Contributions and Grants
$8,301,651
Program Service Revenue
$0
Investment Income
$2,129
Other Revenue
$0
All Other Contributions
$3,855,236
Change in Net Assets
$2,024,950

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,303,780
Total Revenue per Audited Statements
$8,303,780
Total Revenue per Form 990
$8,303,780
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,452,737
Salaries, Compensation, and Employee Benefits$2,826,093
Total Fundraising Expense$51,104
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,324,968$501,125-$2,826,093
Fees for Services Other$1,095,870$24,020-$1,119,890
All Other Expenses$960,187$58,813$41,106$1,060,106
Insurance$283,822$1,938-$285,760
Interest$177,833--$177,833
Fees for Services Accounting$91,732$8,000-$99,732
Office Expenses$55,994$287$9,998$66,279
Advertising$61,876--$61,876
Other Expenses$42,758--$42,758
Depreciation Depletion-$9,494-$9,494
Total Functional Expenses$5,624,049$603,677$51,104$6,278,830

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,278,830
Total Expenses per Audited Statements$6,278,830
Total Expenses per Form 990$6,278,830
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Garras----
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Long Term Loan Payable$4,529,098
Loan Payable$48,735
Righ of Use Liability$13,814
Right of Use Long Term Liability$12,276
Payroll Liability$4,875
Other Liability$4,391
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Form 990 is made available to board of directors for review and approval prior to filing

Conflict of interest policy compliance Part VI line 12C

Periodic meetings are held to review conflict of interest policy compliance and update it if necessary

CEO executive director top management comp Part VI line 15A

Salary increases are all approved by the board of directors

Governing documents etc available to public Part VI line 19

Governing documents entity policies and financial statements are made available 15 days after review request

Filing and Contact Details

Filer

Filer Name
The Translatin Coalition
EIN
27-3801872
Address
2975 WILSHIRE BLVD STE 350, Los Angeles, CA 90010

Signing Officer

Name
Bamby Salcedo
Title
Ceopresident
Phone
8338472331
Signed
2024-03-11
Discuss with paid preparer
No

Organization Details

Principal Officer
Bamby Salcedo
Formed
2010
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
7
Employees
61
Volunteers
5

Preparer

Firm
Tax and Accounting Group
Address
21300 Sherman Way Unit 13, Canoga Park, CA 91303
Preparer
Roberto Martinez
Phone
8189991040
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

Rounding amount to reconcile

List of other fees for services expenses Part IX line 11G

Grant writer 37275outside services 16817professional services 831544subcontractors 154851payroll processing 6233technical support 5000consulting 44150professional services 24020

List of other expenses Part IX line 24E

Internship 640license and fees 21553meals and entertainment 8062utilities 19820mous fees 52340movie filming 5000outreach materials 50729pension retirement 66325postage 2745printing and copying 1447program supplies 66647property tax 24088rent expense 195866repairs and maintenance 61314software 28733stipends 31180telephone 27551training and education 81683travel 79579auto expense 37179 amortization expense 82056bank charges 291computer and tables 12051dues and subscriptions 583facilities and equipment 2725licenses and fees 236meals and entertainment 523medical insurance 53578rent expense 290software 3205utilities 168auto expense 796bank charges 17insurance 377fundraising expense 15607postage 1200training and education 16244travel 1275auto expense 1872facilities and equipment 4531

General explanation attachment

Part vi to report voting member from from 7 to 8 and to report 7 independent voting members

Raw XML AppendixShowing 400 of 437 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS MADE AVAILABLE TO BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PERIODIC MEETINGS ARE HELD TO REVIEW CONFLICT OF INTEREST POLICY COMPLIANCE AND UPDATE IT IF NECESSARY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SALARY INCREASES ARE ALL APPROVED BY THE BOARD OF DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ENTITY POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE 15 DAYS AFTER REVIEW REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ROUNDING AMOUNT TO RECONCILE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GRANT WRITER 37275OUTSIDE SERVICES 16817PROFESSIONAL SERVICES 831544SUBCONTRACTORS 154851PAYROLL PROCESSING 6233TECHNICAL SUPPORT 5000CONSULTING 44150PROFESSIONAL SERVICES 24020
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6INTERNSHIP 640LICENSE AND FEES 21553MEALS AND ENTERTAINMENT 8062UTILITIES 19820MOUS FEES 52340MOVIE FILMING 5000OUTREACH MATERIALS 50729PENSION RETIREMENT 66325POSTAGE 2745PRINTING AND COPYING 1447PROGRAM SUPPLIES 66647PROPERTY TAX 24088RENT EXPENSE 195866REPAIRS AND MAINTENANCE 61314SOFTWARE 28733STIPENDS 31180TELEPHONE 27551TRAINING AND EDUCATION 81683TRAVEL 79579AUTO EXPENSE 37179 AMORTIZATION EXPENSE 82056BANK CHARGES 291COMPUTER AND TABLES 12051DUES AND SUBSCRIPTIONS 583FACILITIES AND EQUIPMENT 2725LICENSES AND FEES 236MEALS AND ENTERTAINMENT 523MEDICAL INSURANCE 53578RENT EXPENSE 290SOFTWARE 3205UTILITIES 168AUTO EXPENSE 796BANK CHARGES 17INSURANCE 377FUNDRAISING EXPENSE 15607POSTAGE 1200TRAINING AND EDUCATION 16244TRAVEL 1275AUTO EXPENSE 1872FACILITIES AND EQUIPMENT 4531
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PART VI TO REPORT VOTING MEMBER FROM FROM 7 TO 8 AND TO REPORT 7 INDEPENDENT VOTING MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5List of other fees for services expenses Part IX line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other expenses Part IX line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7General explanation attachment
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