Civic Intelligence

Translatina Network Inc.

990 • Fiscal year 2022 • EIN 47-4807380

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 06, 2023

137 West 19th Street 2 FLNew York, NY 10011

(646) 882-2000

Siviq Scores

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

Liabilities / Assets

34th percentile

0.05x

Higher debt load relative to assets than 34% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

22nd percentile

0.03x

Higher debt load relative to revenue than 22% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Source year 2022

Net Margin

74th percentile

23%

Higher net margin than 74% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

57th percentile

$119,090

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2022 filings • NTEE S • $1M-$5M nonprofits • Source year 2022

Asset Growth

82nd percentile

43%

Faster asset growth than 82% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

82nd percentile

60%

Faster revenue growth than 82% of similar nonprofits.

2022 filings • NTEE S • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$966,663

Up $292,788 (+43%) from 2021

Net Assets

Up

$917,627

Up $420,039 (+84%) from 2021

Liabilities

Down

$49,036

Down $127,251 (-72%) from 2021

Revenue

Up

$1,795,220

Up $673,573 (+60%) from 2021

Expenses

Up

$1,375,181

Up $101,045 (+7.9%) from 2021

Net Income

Up

$420,039

Up $572,528 (+375%) from 2021

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2015: $15,567Liabilities 2015: $143Net Assets 2015: $15,4242015Assets 2018: $9,781Liabilities 2018: $245Net Assets 2018: $9,5362018Assets 2019: $61,724Liabilities 2019: $64,745Net Assets 2019: -$3,0212019Assets 2020: $753,542Liabilities 2020: $103,465Net Assets 2020: $650,0772020Assets 2021: $673,875Liabilities 2021: $176,287Net Assets 2021: $497,5882021Assets 2022: $966,663Liabilities 2022: $49,036Net Assets 2022: $917,6272022Assets 2023: $5,194,439Liabilities 2023: $3,345,660Net Assets 2023: $1,848,7792023Assets 2024: $5,305,355Liabilities 2024: $3,283,222Net Assets 2024: $2,022,1332024

Highlighted filing

2022

Assets$966,663
Liabilities$49,036
Net Assets$917,627

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $29,598Expenses 2015: $14,174Net Income 2015: $15,4242015Revenue 2018: $249,276Expenses 2018: $305,995Net Income 2018: -$56,7192018Revenue 2019: $396,288Expenses 2019: $408,845Net Income 2019: -$12,5572019Revenue 2020: $1,464,215Expenses 2020: $950,713Net Income 2020: $513,5022020Revenue 2021: $1,121,647Expenses 2021: $1,274,136Net Income 2021: -$152,4892021Revenue 2022: $1,795,220Expenses 2022: $1,375,181Net Income 2022: $420,0392022Revenue 2023: $2,580,609Expenses 2023: $1,649,457Net Income 2023: $931,1522023Revenue 2024: $2,150,624Expenses 2024: $1,977,270Net Income 2024: $173,3542024

Highlighted filing

2022

Revenue$1,795,220
Expenses$1,375,181
Net Income$420,039
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 6, 2023
Return Version
2021v4.1
Gross Receipts
$1,795,220
Mission and Program Overview

Mission

The mission of translatina network is to gain equal and lasting rights for all latina transgender women at a local, state and federal level. Through the effective social mobilization of our community, we will have direct involvement in important policy changes. Ultimately, these policy changes will ease the effects of transphobic discrimination.

Translatina network works locally and nationally to promote the healthy development of the transgener latina communities. Through the delivery of a wide range information about services and events.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$410,540$616,297▲ $205,757
Cash and Non-Interest-Bearing Accounts$163,614$268,686▲ $105,072
Land, Buildings, and Equipment, Net$36,664$29,192▼ $7,472
Prepaid Expenses and Deferred Charges$24,865$24,131▼ $734
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$673,875$966,663▲ $292,788
Other Assets Total$38,192$28,357▼ $9,835
Liabilities
Unsecured Notes Loans Payable$111,300--
Accounts Payable and Accrued Expenses$64,987$49,036▼ $15,951
Total Liabilities$176,287$49,036▼ $127,251
Net Assets / Fund Balance
Net Assets With Donor Restrictions$113,427$480,535▲ $367,108
Net Assets Without Donor Restrictions$384,161$437,092▲ $52,931
Total Net Assets Fund Balance$497,588$917,627▲ $420,039
Total Liabilities and Net Assets / Fund Balance$673,875$966,663▲ $292,788

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,899$31,637$37,536
Other Land Buildings$23,293$6,566$29,859
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cristina HerreraCEOFT$104,239$14,851$119,090

Board Members and Trustees

NameTitle
Liza GalanPresident
Melissa SklarzBoard member
Alejandra CaraballoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,750,746
Program Service Revenue
$38,300
Investment Income
$694
Other Revenue
$5,480
All Other Contributions
$665,995
Change in Net Assets
$420,039

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,795,220
Total Revenue per Audited Statements
$1,795,220
Total Revenue per Form 990
$1,795,220
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$694,537
Other Expenses$680,644
Total Fundraising Expense$38,680
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$335,024$136,473$13,506$485,003
Occupancy$98,982$27,585$5,998$132,565
Current Officers, Directors, Trustees, and Key Employees$87,406$35,604$3,524$126,534
Fees for Services Other$34,807$65,159$13,083$113,049
Other Expenses$73,335--$73,335
Payroll Taxes$34,430$14,025$1,388$49,843
Office Expenses$10,651$32,124$259$43,034
Information Technology$1,659$32,342-$34,001
Other Employee Benefits$22,904$9,331$922$33,157
Depreciation Depletion$6,888$10,283-$17,171
Travel$7,500$7,485-$14,985
Insurance-$11,331-$11,331
Advertising$9,590--$9,590
Total Functional Expenses$954,759$381,742$38,680$1,375,181

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,375,181
Total Expenses per Audited Statements$1,375,181
Total Expenses per Form 990$1,375,181
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
Yes
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, Part VI, Line 11B: Form 990 Review Process

THE BOARD OF DIRECTORS IS GIVEN THE DRAFT FORM 990 TO REVIEW ALONG WITH THE auditor, BEFORE THE FINAL RETURN IS APPROVED AND FILED.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All board memberes are required to disclose any conflict of interest on a yearly basis.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The compensation of the executive director's salary is approved by the board of directors.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Upon request.

Filing and Contact Details

Filer

Filer Name
Translatina Network Inc
EIN
47-4807380
Phone
6468822000
Address
137 WEST 19TH STREET 2 FL, NEW YORK, NY 10011

Signing Officer

Name
Cristina Herrera
Title
CEO
Signed
2023-03-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cristina Herrera
Formed
2015
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
17
Volunteers
23

Preparer

Firm
Ncheng Llp Certified Public Accountants
Address
40 WALL ST 32ND FL, NEW YORK, NY 10005
Preparer
Miaoling Lin
Phone
2127850100
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2: Change of Oversight or Selection Process

The organization'S BOARD OF DIRECTORS ASSUMES THE RESPONSIBILITIY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS.

Financial Statement Notes

Part X : FIN48 Footnote

The Organization has tax-exempt status under Section 501(c)(3) of the Internal Revenue Code (IRC), and is exempt from federal income taxes on related income pursuant to Section 101(a) of the IRC. Being a nonstock corporation not organized for profit, the Organization is exempt from the New York State and New York City franchise tax.Accounting principles generally accepted in the United States of America require evaluation of the tax positions taken or expected to be taken in the course of preparing the Organization's tax returns to determine whether the tax positions are more likely than not sustainable upon examination by the applicable taxing authorities, based on the technical merits of the tax positions, and then recognizing the tax benefit that is more likely than not realizable. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense in the current reporting period. Management believes any such positions would be immaterial to the overall financial statements.The Organization is no longer subject to income tax examination by federal, state, or local tax authorities for years before June 30, 2019.

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IRS990/MissionDesc0THE MISSION OF TRANSLATINA NETWORK IS TO GAIN EQUAL AND LASTING RIGHTS FOR ALL LATINA TRANSGENDER WOMEN AT A LOCAL, STATE AND FEDERAL LEVEL. THROUGH THE EFFECTIVE SOCIAL MOBILIZATION OF OUR COMMUNITY, WE WILL HAVE DIRECT INVOLVEMENT IN IMPORTANT POLICY CHANGES. ULTIMATELY, THESE POLICY CHANGES WILL EASE THE EFFECTS OF TRANSPHOBIC DISCRIMINATION.
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IRS990/PrincipalOfficerNm0CRISTINA HERRERA
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IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE WORKFORCE DEVELOPMENT PROGRAMS FOR THE TRANSGENDER AND GENDER NON-CONFORMING COMMUNITY. PROGRAM IS TO HELP REINFORCE THE CONFIDENCE AND COURAGE INSIDE INDIVIDUALS TO GET BACK INTO THE WORKFORCE.
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IRS990/ProgSrvcAccomActy3Grp/Desc0ADVOCACY - TRANSLATINA HAS BOTH A LOCAL AND NATIONAL FOCUS WITH A MISSION TO PROMOTE THE HEALTHY DEVELOPMENT OF TRANS PEOPLE THROUGH THE DELIVERY OF A WIDE RANGE OF INFORMATION. THROUGH PROMOTION, OUTREACH IN EDUCATION, AND CAPACITY BUILDING, WE ENCOURAGE AND STRENGTHEN THE CREATION OF SAFE AND PRODUCTIVE ENVIRONMENTS FOR TRANSGENDER WOMEN.
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IRS990/PYSalariesCompEmpBnftPaidAmt0661849
IRS990/PYTotalExpensesAmt01274136
IRS990/PYTotalRevenueAmt01121647
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IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04951473
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization has tax-exempt status under Section 501(c)(3) of the Internal Revenue Code (IRC), and is exempt from federal income taxes on related income pursuant to Section 101(a) of the IRC. Being a nonstock corporation not organized for profit, the Organization is exempt from the New York State and New York City franchise tax.Accounting principles generally accepted in the United States of America require evaluation of the tax positions taken or expected to be taken in the course of preparing the Organization's tax returns to determine whether the tax positions are more likely than not sustainable upon examination by the applicable taxing authorities, based on the technical merits of the tax positions, and then recognizing the tax benefit that is more likely than not realizable. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense in the current reporting period. Management believes any such positions would be immaterial to the overall financial statements.The Organization is no longer subject to income tax examination by federal, state, or local tax authorities for years before June 30, 2019.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleD/TotalExpensesPerForm990Amt01375181
IRS990ScheduleD/TotalRevenuePerForm990Amt01795220
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS IS GIVEN THE DRAFT FORM 990 TO REVIEW ALONG WITH THE auditor, BEFORE THE FINAL RETURN IS APPROVED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERES ARE REQUIRED TO DISCLOSE ANY CONFLICT OF INTEREST ON A YEARLY BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPENSATION OF THE EXECUTIVE DIRECTOR'S SALARY IS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization'S BOARD OF DIRECTORS ASSUMES THE RESPONSIBILITIY FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XII, Line 2: Change of Oversight or Selection Process
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0111300
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0137 WEST 19TH STREET 2 FL
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1

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