Civic Intelligence

Latino Resources Inc.

990 • Fiscal year 2022 • EIN 54-2074268

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 11, 2023

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

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

70th percentile

20%

Higher net margin than 70% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

86th percentile

$24,000

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 7.3% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

72nd percentile

21%

Faster asset growth than 72% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

57th percentile

18%

Faster revenue growth than 57% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$107,357

Up $18,329 (+21%) from 2021

Net Assets

Up

$107,357

Up $18,329 (+21%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$327,606

Up $49,488 (+18%) from 2021

Expenses

Up

$262,268

Up $45,461 (+21%) from 2021

Net Income

Up

$65,338

Up $4,027 (+6.6%) from 2021

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

2022

Assets$107,357
Liabilities$0
Net Assets$107,357

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

2022

Revenue$327,606
Expenses$262,268
Net Income$65,338
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 11, 2023
Return Version
2022v5.0
Gross Receipts
$327,606
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$89,028$107,357▲ $18,329
Total Assets$89,028$107,357▲ $18,329
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$89,028$107,357▲ $18,329
Total Liabilities and Net Assets / Fund Balance$89,028$107,357▲ $18,329
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joseph GonzalezExecutive DirectorFT$24,000$24,000

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$327,606
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$65,338
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$234,640
Salaries, Compensation, and Employee Benefits$26,199
Total Fundraising Expense$7,200
Grants and Similar Amounts Paid$1,429
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$36,271$944-$37,215
Current Officers, Directors, Trustees, and Key Employees$14,400$2,400$7,200$24,000
Other Expenses$17,282--$17,282
Occupancy$6,719$1,680-$8,399
Advertising$4,400$1,100-$5,500
Fees for Services Accounting$3,016$754-$3,770
Payroll Taxes$1,759$440-$2,199
Grants to Domestic Individuals$1,429--$1,429
Fees for Services Management$976$244-$1,220
Office Expenses$660$165-$825
Total Functional Expenses$247,341$7,727$7,200$262,268
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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
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
Phone
5152790715
Signed
2023-09-11
Discuss with paid preparer
No

Organization Details

Principal Officer
Joseph Gonzalez
Legal Domicile
Ia
Voting Board Members
10
Independent Board Members
0
Employees
1

Preparer

Firm
H and R Block
Address
925 NINTH ST, WEST DES MOINES, IA 50265
Preparer
Delnita Sturtz
Phone
8004725625
Supplemental Narrative

Additional Explanations

Part XI, Line 9

Scholarships and community support

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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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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 9
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0JOE GONZALEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum05152790715
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-11
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/BusinessNameLine1Txt0H AND R BLOCK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0925 NINTH ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEST DES MOINES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd050265
ReturnHeader/PreparerPersonGrp/PhoneNum08004725625
ReturnHeader/PreparerPersonGrp/PreparationDt02023-09-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Delnita Sturtz
ReturnHeader/ReturnTs02023-09-11T16:02:06Z
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GONZALEZ
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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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
2022Detailed filing. Detailed filing data is available for this year.$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
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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