Civic Intelligence

Latin Gala Charities

EIN 30-0413926 • 501(c)3 • Wichita Falls, TX

Pub. 78 Eligible990-N Coverage

Profile

The annual latin gala event provides funds that are in turn distributed to other charitable organizations in nicaragua, el salvador, and colombia. We specifically aid organizations that improve the health and education of children and the elderly.

PO Box 1317Wichita Falls, TX 76301

n/A

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.00x

Higher debt load relative to assets than 63% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

70th percentile

0.01x

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

501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

6th percentile

-220%

Higher net margin than 6% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2018

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 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Assets

$111,022

No earlier filing loaded for comparison.

Liabilities

$287

No earlier filing loaded for comparison.

Net Assets

$110,735

No earlier filing loaded for comparison.

Revenue

$25,693

No earlier filing loaded for comparison.

Expenses

$82,109

No earlier filing loaded for comparison.

Net Income

-$56,416

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2018: $111,022Liabilities 2018: $287Net Assets 2018: $110,7352018

Highlighted filing

2018

Assets$111,022
Liabilities$287
Net Assets$110,735

Operations Trend

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

$100K$50K$0-$50K-$100KRevenue 2018: $25,693Expenses 2018: $82,109Net Income 2018: -$56,4162018

Highlighted filing

2018

Revenue$25,693
Expenses$82,109
Net Income-$56,416

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$0.26$0.82$0.56
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$52,310
Mission and Program Overview

Mission

The annual latin gala event provides funds that are in turn distributed to other charitable organizations in nicaragua, el salvador, and colombia. We specifically aid organizations that improve the health and education of children and the elderly.

Program Services

DescriptionGrantsExpenses
TO PROVIDE FINANCIAL SUPPORT TO CHARITABLE ORGANIZATIONS PRIMARILY IN NICARAGUA, EL SALVADOR, AND COLOMBIA, IN ADDITION TO THE USA. WE SPECIFICALLY AID ORGANIZATIONS THAT HELP BETTER THE HEALTH AND EDUCATION OF CHILDREN, THOSE THAT SERVE HOMELESS OR ORPHANED CHILDREN, AS WELL AS THE FORGOTTEN ELDERLY.$81,590-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARTHA PICADO-SEEGERSPresident-$0--
SARA PICADO-GREENVice President-$0--
ANDREA POWERSVice President-$0--
CLAUDIA RUIZSecretary-$0--
ILIANA JARAMILLOTreasurer-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$39,384$28,222$8,494$19,728
Total Events$39,384$28,222$26,617$1,605
Filing and Contact Details

Filer

Filer Name
Latin Gala Charities
EIN
30-0413926
Phone
9407045441
Address
PO BOX 1317, WICHITA FALLS, TX 76301

Signing Officer

Name
Iliana Jaramillo
Title
Treasurer
Signed
2019-11-15
Discuss with paid preparer
Yes

Preparer

Firm
Moore Camp Phillips Patterson Llp
Address
1400 11th Street, Wichita Falls, TX 76301
Preparer
Iliana Jaramillo CPA
Phone
9407679256
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

| Donee's Name: 9 DIFFERENT RECIPIENTS | Cash Amount Given: $13040

Grants and Similar Amounts Paid In Excess of $5,000.2

Class of Activity: CHILDREN/YOUTH SUPPORT | Donee's Name: FUNDACION CUBS | Relationship of Donee: NONE | Cash Amount Given: $68500 | Date of Gift: 20181207 | Method Used to Determine BV: COST | Method Used to Determine FMV: COST

Other Expenses.1002

Office Expenses $99

Other Expenses.2

CREDIT CARD FEES $195

Other Expenses.3

WIRE FEES $50

Other Assets.1005

Accounts Receivable - Beginning $1500 Accounts Receivable - Ending $2305

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $0 Accounts Payable and Accrued Expenses - Ending $287

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ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ILIANA JARAMILLO
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ReturnHeader/Filer/PhoneNum09407045441
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ReturnHeader/TaxYr02018

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