Civic Intelligence

Latino Press Foundation Inc.

EIN 45-3726830 • 501(c)3 • Detroit, MI

RevokedPub. 78 Eligible

Profile

CHARITABLE

Revocation date: May 15, 2014

6301 Michigan AveDetroit, MI 48210-2954
Siviq Scores

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

Liabilities / Assets

94th percentile

1.02x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

91st percentile

0.40x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

63rd percentile

9.9%

Higher net margin than 63% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

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 2023

Asset Growth

94th percentile

146%

Faster asset growth than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

77th percentile

28%

Faster revenue growth than 77% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$21,482

Up $12,756 (+146%) from 2022

Liabilities

Up

$21,985

Up $7,325 (+50%) from 2022

Net Assets

Up

-$504

Up $5,430 (+92%) from 2022

Operations
Liabilities / Revenue91st percentileNet Margin63rd percentile

Revenue

Up

$54,683

Up $12,033 (+28%) from 2022

Expenses

Up

$49,253

Up $669 (+1.4%) from 2022

Net Income

Up

$5,430

Up $11,364 (+192%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth94th percentile

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

$30K$20K$10K$0-$10KAssets 2022: $8,726Liabilities 2022: $14,660Net Assets 2022: -$5,9342022Assets 2023: $21,482Liabilities 2023: $21,985Net Assets 2023: -$5042023

Highlighted filing

2023

Assets$21,482
Liabilities$21,985
Net Assets-$504
Open 2023 Filing

Operations Trend

Revenue Growth77th percentile

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

$60K$40K$20K$0-$20KRevenue 2022: $42,650Expenses 2022: $48,584Net Income 2022: -$5,9342022Revenue 2023: $54,683Expenses 2023: $49,253Net Income 2023: $5,4302023

Highlighted filing

2023

Revenue$54,683
Expenses$49,253
Net Income$5,430
Open 2023 Filing

Filings

Most recent year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,482
Liabilities
$21,985
Net assets
-$504
Revenue
$54,683
Expenses
$49,253
Net income
$5,430
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$21.5$22.0$0.50$54.7$49.3$5.43
2022Detailed filing. Detailed filing data is available for this year.$8.73$14.7$5.93$42.7$48.6$5.93
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Nov 1, 2022 to Oct 31, 2023
Signed
Sep 27, 2024
Return Version
2022v5.0
Gross Receipts
$54,683
Mission and Program Overview

Mission

CHARITABLE

Program Services

DescriptionGrantsExpenses
Through the gala event at the DIA, the foundation was able to raise and administered funds for the benefit of over 205 underprivileged Hispanic youth, individuals, and families.-$22,930
Food and toys were distributed to over 295 underprivileged families as part of the 2022 holiday season-$9,487
Food and supplies were distributed to approximately 65 underprivileged mothers, either pregnant or with young babies, as part of a special Mother s Day celebration.-$4,342
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ELIAS GUTIERREZPresidentPT$0--
CLAUDIA RIVERASecretaryPT$0--
ELIAS GUTIERREZTreasurerPT$0--
Filing and Contact Details

Filer

Filer Name
Latino Press Foundation Inc
EIN
45-3726830
Phone
3132150646
Address
6301 MICHIGAN AVE, DETROIT, MI 48210-2954

Signing Officer

Name
Elias Gutierrez
Title
President
Phone
3132150646
Signed
2024-09-27
Discuss with paid preparer
No

Preparer

Firm
American Dream Financial Services
Address
6301 MICHIGAN AVE, DETROIT, MI 48210
Preparer
Josue Ramirez Lenis
Phone
3132889388
Supplemental Narrative

Additional Explanations

Part I, line 16

“Description: BABY SHOWER EVENT Amount: 4342”

Part I, line 16

“Description: BANK FEES Amount: 344”

Part I, line 16

“Description: CHRISTMAS FOOD EVENT Amount: 9487”

Part I, line 16

“Description: DIA GALA EVENT EXPENSE Amount: 22930”

Part I, line 16

“Description: ADVERTISING/PROMOTIONAL Amount: 4350”

Part I, line 16

“Description: LICENSES Amount: 20”

Part I, line 16

“Description: OTHER LABOR COST Amount: 580”

Part II, line 26

“Description: ACCOUNTS PAYABLE BOY Amount: 14660 EOY Amount: 14660”

Part II, line 26

“Description: CURRENT LIABILITY RENT BOY Amount: 0 EOY Amount: 7200”

Part II, line 26

“Description: OTHER CURRENT LIABILITY AMEX 411005 BOY Amount: 0 EOY Amount: 125”

Raw XML Appendix141 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
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0DETROIT
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IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt08726
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt021482
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IRS990EZ/ContributionsGiftsGrantsEtcAmt054683
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IRS990EZ/InfoInScheduleOPartIIInd0X
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IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-5934
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-504
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-5934
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-503
IRS990EZ/OccupancyRentUtltsAndMaintAmt07200
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt015
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/Organization501c3Ind0X
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IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt042053
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0CHARITABLE
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Through the gala event at the DIA, the foundation was able to raise and administered funds for the benefit of over 205 underprivileged Hispanic youth, individuals, and families.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Food and supplies were distributed to approximately 65 underprivileged mothers, either pregnant or with young babies, as part of a special Mother s Day celebration.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Food and toys were distributed to over 295 underprivileged families as part of the 2022 holiday season
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt022930
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt14342
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt29487
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MI
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt014660
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt021985
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt049253
IRS990EZ/TotalProgramServiceExpensesAmt036759
IRS990EZ/TotalRevenueAmt054683
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt054683
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt047162
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0101845
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY509Pct00
IRS990ScheduleA/PublicSupportTotal170Amt0101845
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt054683
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt047162
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0101845
IRS990ScheduleA/TotalSupportAmt0101845
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: BABY SHOWER EVENT Amount: 4342
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: BANK FEES Amount: 344
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description: CHRISTMAS FOOD EVENT Amount: 9487
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description: DIA GALA EVENT EXPENSE Amount: 22930
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Description: ADVERTISING/PROMOTIONAL Amount: 4350
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Description: LICENSES Amount: 20
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Description: OTHER LABOR COST Amount: 580
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Description: ACCOUNTS PAYABLE BOY Amount: 14660 EOY Amount: 14660
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Description: CURRENT LIABILITY RENT BOY Amount: 0 EOY Amount: 7200
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Description: OTHER CURRENT LIABILITY AMEX 411005 BOY Amount: 0 EOY Amount: 125
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Part I, line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Part II, line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Part II, line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Part II, line 26
ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum03132150646
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-09-27
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ReturnHeader/Filer/EIN0453726830
ReturnHeader/Filer/PhoneNum03132150646
ReturnHeader/Filer/USAddress/AddressLine1Txt06301 MICHIGAN AVE
ReturnHeader/Filer/USAddress/CityNm0DETROIT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0872058687
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0AMERICAN DREAM FINANCIAL SERVICES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06301 MICHIGAN AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DETROIT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048210
ReturnHeader/PreparerPersonGrp/PhoneNum03132889388
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSUE RAMIREZ LENIS
ReturnHeader/ReturnTs02024-10-30T10:53:07-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02022-11-01
ReturnHeader/TaxPeriodEndDt02023-10-31
ReturnHeader/TaxYr02022

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