Civic Intelligence

Latino Resources Inc.

990 • Fiscal year 2019 • EIN 54-2074268

Jan 01, 2019 to Dec 31, 2019 • Filed on Oct 04, 2021

4217 UniversityDes Moines, IA 50311

(515) 279-0715

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

46th percentile

1.5%

Higher net margin than 46% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

84th percentile

$20,000

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 8.4% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

66th percentile

14%

Faster asset growth than 66% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

72nd percentile

20%

Faster revenue growth than 72% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Up

$29,770

Up $3,672 (+14%) from 2018

Net Assets

Up

$29,770

Up $3,672 (+14%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$239,209

Up $39,314 (+20%) from 2018

Expenses

Up

$235,537

Up $34,466 (+17%) from 2018

Net Income

Up

$3,672

Up $4,848 (+412%) from 2018

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2010: $34,007Net Assets 2010: $34,0072010Assets 2011: $27,841Liabilities 2011: $02011Assets 2012: $45,865Net Assets 2012: $45,8652012Assets 2013: $26,228Net Assets 2013: $26,2282013Assets 2014: $30,303Net Assets 2014: $30,3032014Assets 2015: $36,141Liabilities 2015: $02015Assets 2016: $49,224Liabilities 2016: $0Net Assets 2016: $49,2242016Assets 2017: $27,274Liabilities 2017: $0Net Assets 2017: $27,2742017Assets 2018: $26,098Liabilities 2018: $0Net Assets 2018: $26,0982018Assets 2019: $29,770Liabilities 2019: $0Net Assets 2019: $29,7702019Assets 2020: $27,717Net Assets 2020: $27,7172020Assets 2021: $89,028Liabilities 2021: $0Net Assets 2021: $89,0282021Assets 2022: $107,357Liabilities 2022: $0Net Assets 2022: $107,3572022Assets 2023: $95,792Liabilities 2023: $0Net Assets 2023: $95,7922023Assets 2024: $106,117Liabilities 2024: $0Net Assets 2024: $106,1172024

Highlighted filing

2019

Assets$29,770
Liabilities$0
Net Assets$29,770

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2010: $178,825Expenses 2010: $197,771Net Income 2010: -$18,9462010Revenue 2011: $171,595Expenses 2011: $177,761Net Income 2011: -$6,1662011Revenue 2012: $196,286Expenses 2012: $153,731Net Income 2012: $42,5552012Revenue 2013: $149,813Expenses 2013: $151,187Net Income 2013: -$1,3742013Revenue 2014: $170,958Expenses 2014: $166,883Net Income 2014: $4,0752014Revenue 2015: $186,067Expenses 2015: $180,229Net Income 2015: $5,8382015Revenue 2016: $181,543Expenses 2016: $168,460Net Income 2016: $13,0832016Revenue 2017: $198,693Expenses 2017: $220,643Net Income 2017: -$21,9502017Revenue 2018: $199,895Expenses 2018: $201,071Net Income 2018: -$1,1762018Revenue 2019: $239,209Expenses 2019: $235,537Net Income 2019: $3,6722019Revenue 2020: $36,818Expenses 2020: $51,001Net Income 2020: -$14,1832020Revenue 2021: $278,118Expenses 2021: $216,807Net Income 2021: $61,3112021Revenue 2022: $327,606Expenses 2022: $262,268Net Income 2022: $65,3382022Revenue 2023: $349,901Expenses 2023: $361,466Net Income 2023: -$11,5652023Revenue 2024: $363,673Expenses 2024: $353,348Net Income 2024: $10,3252024

Highlighted filing

2019

Revenue$239,209
Expenses$235,537
Net Income$3,672
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Oct 4, 2021
Return Version
2019v5.0
Gross Receipts
$239,209
Mission and Program Overview

Mission

Latino resources inc. Provides opportunities to educate and connect communities while celebrating latino cultures and traditions. The latino heritage festival is a yearly main event.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$26,098$29,770▲ $3,672
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$26,098$29,770▲ $3,672
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$26,098$29,770▲ $3,672
Total Net Assets Fund Balance$26,098$29,770▲ $3,672
Total Liabilities and Net Assets / Fund Balance$26,098$29,770▲ $3,672
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joe GonzalezExecutive DirectorFT$20,000$20,000

Board Members and Trustees

NameTitle
Yanira ScarlettPresident
Claudia ThraneVice President
Adriana HernandezBoard Director
Dave SlinkerBoard Director
Gumaro De AvilaBoard Director
Margarita PizanoBoard Director
Nela BlancoBoard Director
Brenda PhongsavanhSecretary
Connie WilliamsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$20,000
Program Service Revenue
$219,209
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$3,672
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Total Fundraising Expense$201,397
Other Expenses$192,640
Salaries, Compensation, and Employee Benefits$23,133
Grants and Similar Amounts Paid$19,764
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses-$524$26,932$27,456
Current Officers, Directors, Trustees, and Key Employees--$20,000$20,000
Grants to Domestic Individuals$19,764--$19,764
Other Expenses--$15,009$15,009
Occupancy-$10,719-$10,719
Fees for Services Other--$7,985$7,985
Payroll Taxes-$3,133-$3,133
Total Functional Expenses$19,764$14,376$201,397$235,537
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
Backup withholding compliance
No
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
No
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, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

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

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Latino Resources Inc
EIN
54-2074268
Phone
5152790715
Address
4217 UNIVERSITY, DES MOINES, IA 50311

Signing Officer

Name
Joe Gonzalez
Title
Executive Director
Signed
2021-10-04
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
10
Independent Board Members
0
Employees
1

Preparer

Firm
Coco & Ermels PC CPAS
Address
925 9th St, West Des Moines, IA 50265
Preparer
Joseph L Coco
Phone
5152231457
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

FESTIVAL CLEANUP STREET ETC: Column (A) - Total = $7659; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $7659

Form 990, Part IX, Line 24E: Other Expenses

FESTIVAL INSURANCE: Column (A) - Total = $6172; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $6172

Form 990, Part IX, Line 24E: Other Expenses

FESTIVAL PERMITS AND FEES: Column (A) - Total = $4541; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $4541

Form 990, Part IX, Line 24E: Other Expenses

FESTIVAL SECURITY: Column (A) - Total = $8560; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $8560

Form 990, Part IX, Line 24E: Other Expenses

Printing and Publications: Column (A) - Total = $524; Column (B) - Program Services = $0; Column (C) - Management & General = $524; Column (D) - Fundraising = $0

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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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IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0185071
IRS990/PYProgramServiceRevenueAmt0197660
IRS990/PYRevenuesLessExpensesAmt0-1176
IRS990/PYSalariesCompEmpBnftPaidAmt012000
IRS990/PYTotalExpensesAmt0201071
IRS990/PYTotalRevenueAmt0199895
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt03672
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt020000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt020000
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0219209
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0219209
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt0239209
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0239209
IRS990ScheduleA/Total509Grp/TotalAmt0239209
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0239209
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0239209
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt019764
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIP PROVIDED TO STUDENTS
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FESTIVAL CLEANUP STREET ETC: Column (A) - Total = $7659; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $7659
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FESTIVAL INSURANCE: Column (A) - Total = $6172; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $6172
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FESTIVAL PERMITS AND FEES: Column (A) - Total = $4541; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $4541
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FESTIVAL SECURITY: Column (A) - Total = $8560; Column (B) - Program Services = $0; Column (C) - Management & General = $0; Column (D) - Fundraising = $8560
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Printing and Publications: Column (A) - Total = $524; Column (B) - Program Services = $0; Column (C) - Management & General = $524; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e: Other Expenses
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt026098
IRS990/TotalAssetsEOYAmt029770
IRS990/TotalAssetsGrp/BOYAmt026098
IRS990/TotalAssetsGrp/EOYAmt029770
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt020000
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0201397
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014376
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt019764
IRS990/TotalFunctionalExpensesGrp/TotalAmt0235537
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt026098
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt029770
IRS990/TotalProgramServiceExpensesAmt019764
IRS990/TotalProgramServiceRevenueAmt0219209
IRS990/TotalReportableCompFromOrgAmt020000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0219209
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0239209
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt026098
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt029770
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt04217 UNIVERSITY
IRS990/USAddress/CityNm0DES MOINES
IRS990/USAddress/StateAbbreviationCd0IA
IRS990/USAddress/ZIPCd050311
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOE GONZALEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LATINO RESOURCES INC
ReturnHeader/Filer/BusinessNameControlTxt0LATI
ReturnHeader/Filer/EIN0542074268
ReturnHeader/Filer/PhoneNum05152790715
ReturnHeader/Filer/USAddress/AddressLine1Txt04217 UNIVERSITY
ReturnHeader/Filer/USAddress/CityNm0DES MOINES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IA
ReturnHeader/Filer/USAddress/ZIPCd050311
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0421214427
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Coco & Ermels PC CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0925 9th St
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0West Des Moines
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050265
ReturnHeader/PreparerPersonGrp/PhoneNum05152231457
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOSEPH L COCO
ReturnHeader/ReturnTs02021-10-04T09:33:32-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.00$1.06$3.64$3.53$0.10
2023Summary only. Only limited summary data is available for this year.$0.96$0.00$0.96$3.50$3.61$0.12
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.00$1.07$3.28$2.62$0.65
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.89$0.00$0.89$2.78$2.17$0.61
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.28$0.28$0.37$0.51$0.14
2019Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$2.39$2.36$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$0.00$0.26$2.00$2.01$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$0.00$0.27$1.99$2.21$0.22
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.49$0.00$0.49$1.82$1.68$0.13
2015Summary only. Only limited summary data is available for this year.$0.36$0.00$1.86$1.80$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.30$0.30$1.71$1.67$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.26$0.26$1.50$1.51$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.46$0.46$1.96$1.54$0.43
2011Summary only. Only limited summary data is available for this year.$0.28$0.00$1.72$1.78$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.34$1.79$1.98$0.19