Civic Intelligence

Latino Resource Center Inc

990 • Fiscal year 2014 • EIN 83-0336769

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 23, 2015

PO Box 3362Jackson, WY 83001-3362

(307) 734-0333

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.07x

Higher debt load relative to assets than 73% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

81st percentile

0.09x

Higher debt load relative to revenue than 81% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

28th percentile

-6.1%

Higher net margin than 28% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

38th percentile

-3.5%

Faster asset growth than 38% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

45th percentile

-1.3%

Faster revenue growth than 45% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$355,452

Down $12,888 (-3.5%) from 2013

Net Assets

Down

$331,512

Down $15,457 (-4.5%) from 2013

Liabilities

Up

$23,940

Up $2,569 (+12%) from 2013

Revenue

Down

$254,192

Down $3,332 (-1.3%) from 2013

Expenses

Up

$269,649

Up $54,044 (+25%) from 2013

Net Income

Down

-$15,457

Down $57,376 (-137%) from 2013

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2010: $322,892Liabilities 2010: $4,087Net Assets 2010: $318,8052010Assets 2011: $355,680Liabilities 2011: $7,348Net Assets 2011: $348,3322011Assets 2012: $320,100Liabilities 2012: $15,049Net Assets 2012: $305,0512012Assets 2013: $368,340Liabilities 2013: $21,371Net Assets 2013: $346,9692013Assets 2014: $355,452Liabilities 2014: $23,940Net Assets 2014: $331,5122014Assets 2015: $299,285Liabilities 2015: $8,546Net Assets 2015: $290,7392015

Highlighted filing

2014

Assets$355,452
Liabilities$23,940
Net Assets$331,512

Operations Trend

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

$400K$300K$200K$100K$0-$100KExpenses 2010: $216,6012010Revenue 2011: $230,674Expenses 2011: $201,147Net Income 2011: $29,5272011Revenue 2012: $199,231Expenses 2012: $206,316Net Income 2012: -$7,0852012Revenue 2013: $257,524Expenses 2013: $215,605Net Income 2013: $41,9192013Revenue 2014: $254,192Expenses 2014: $269,649Net Income 2014: -$15,4572014Revenue 2015: $270,078Expenses 2015: $310,851Net Income 2015: -$40,7732015

Highlighted filing

2014

Revenue$254,192
Expenses$269,649
Net Income-$15,457
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 23, 2015
Return Version
2014v5.0
Gross Receipts
$254,192
Mission and Program Overview

Mission

To facilitate the integration of latinos into the greater jackson hole community

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$362,932$351,207▼ $11,725
Land, Buildings, and Equipment, Net$3,334$3,246▼ $88
Accounts Receivable$975$908▼ $67
Cash and Non-Interest-Bearing Accounts$99$81▼ $18
Other Notes and Loans Receivable, Net$1,000$10▼ $990
Total Assets$368,340$355,452▼ $12,888
Liabilities
Deferred Revenue$14,407--
Accounts Payable and Accrued Expenses$1,942$13,857▲ $11,915
Other Liabilities$5,022$10,083▲ $5,061
Total Liabilities$21,371$23,940▲ $2,569
Net Assets / Fund Balance
Unrestricted Net Assets$346,969$331,512▼ $15,457
Total Net Assets Fund Balance$346,969$331,512▼ $15,457
Total Liabilities and Net Assets / Fund Balance$368,340$355,452▼ $12,888

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,006$31,570$34,576
Other Land Buildings$240$351$591
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$236,453
Program Service Revenue
$17,187
Investment Income
$552
Other Revenue
$0
All Other Contributions
$168,236
Change in Net Assets
$-15,457
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$142,376
Salaries, Compensation, and Employee Benefits$124,773
Total Fundraising Expense$40,494
Grants and Similar Amounts Paid$2,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$63,179$27,964$12,429$103,572
Advertising$14,735$964$22,030$37,729
Fees for Services Other$25,058$1,469$1,070$27,597
Occupancy-$16,862-$16,862
Payroll Taxes$6,642$1,851$2,428$10,921
Other Employee Benefits$7,775$835$1,670$10,280
Information Technology-$5,965-$5,965
Fees for Services Accounting-$5,249-$5,249
Office Expenses$1,733$2,679-$4,412
Travel$1,543$1,763-$3,306
Depreciation Depletion$273$2,255-$2,528
Grants to Domestic Orgs$2,500--$2,500
Insurance-$1,594-$1,594
Other Expenses$3,931$1,525$20$1,545
Fees for Services Legal-$208-$208
Total Functional Expenses$157,972$71,183$40,494$269,649
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board MemberMITCHELL'S BUSINESS WAS PAID TO TAKE PHOTOS OF THE LATINO RESOURCE CENTER FOR TWO SPECIFIC FUNDRAISING CAMPAIGN AND TO CREATE A NEW WEBSITE. MITCHELL WITHDREW FROM THE BOARD IN FEBRUARY 2015.No$22,730
-Board MemberDaniela Was Paid for Food for One Friendraiser Event and for a Bowl That Was Broken in Her Gallery by the Children of One of Our Programs.No$680
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes$7,946
Credit Card Payable$2,118
Payroll Direct Deposit$19
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
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, Section A, Line 2

Two of the board members have a family relationship

Form 990, Part VI, Section A, Line 4

By-laws were changed to allow for voting by email and officer terms were changed from 3 terms to 4 terms of 2 years each.

Form 990, Part VI, Section B, Line 11

Board of directors reviews for 990 for acceptance prior to filing.

Form 990, Part VI, Section B, Line 12C

Any time an issue comes up that is perceived as a conflict of interest the board member is refrained from taking a vote.

Form 990, Part VI, Section C, Line 19

The entity's governing documents are available for review by the public upon request. Conflict of interest - understanding of the board of directors to be disclosed prior to any board action. Financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Latino Resource Center Inc
EIN
83-0336769
Phone
3077340333
Address
PO BOX 3362, JACKSON, WY 83001-3362

Signing Officer

Name
Stephen Vletas
Title
Chairman
Phone
3077340333
Signed
2015-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Vletas
Formed
2002
Legal Domicile
Wy
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
Lynn Grimes CPA Pc
Address
PO BOX 10454, JACKSON, WY 83002
Preparer
Lynn Grimes CPA
Phone
3074135604
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional fees: program service expenses 25058. Management and general expenses 1469. Fundraising expenses 1070. Total expenses 27597.

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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15457
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21603
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010127
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15457
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21603
IRS990/ProgSrvcAccomActy2Grp/Desc0PROMOTE INTERCULTURAL AWARENESS BY CONNECTING THE JACKSON HOLE COMMUNITY. WE ARE COMMITTED TO CULTIVATING WAYS FOR PEOPLE TO EXPRESS THEIR UNIQUE CULTURES, HISTORIES, FOOD, AND ART THROUGH THE CELEBRATION OF KEY CULTURAL EVENTS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt034337
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt05457
IRS990/ProgSrvcAccomActy3Grp/Desc0EDUCATE AND ENABLE THE LATINO COMMUNITY TO EXPLORE THEIR IDENTITY, THEIR PASSION, AND THEIR TRUE VOICE. THROUGH OUR LEADERSHIP PROGRAMS WE PROVIDE OPPORTUNITIES FOR GROWTH WHILE BRINING JOY TO PEOPLE'S LIVES. WE PROVIDE THREE EDUCATIONAL PROGRAMS: CUENTA CONMINGO, COLLEGE BOUND LATINAS, AND THE SUCCESSFUL LATINO ENTREPRENEUR.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt049946
IRS990/ProgSrvcAccomActy3Grp/GrantAmt02500
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0242239
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02500
IRS990/PYInvestmentIncomeAmt0701
IRS990/PYOtherExpensesAmt0108251
IRS990/PYOtherRevenueAmt02208
IRS990/PYProgramServiceRevenueAmt012376
IRS990/PYRevenuesLessExpensesAmt041919
IRS990/PYSalariesCompEmpBnftPaidAmt0104854
IRS990/PYTotalExpensesAmt0215605
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0257524
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-15457
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt011730
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0362932
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0351207
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0239080
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0258846
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0183736
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0213755
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0247689
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01143106
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0552
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0701
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0936
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02359
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04467
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt09015
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02208
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02208
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99030
IRS990ScheduleA/PublicSupportPY170Pct00.98730
IRS990ScheduleA/PublicSupportTotal170Amt01143106
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0239080
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0258846
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0183736
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0213755
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0247689
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01143106
IRS990ScheduleA/TotalSupportAmt01154329
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
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt03006
IRS990ScheduleD/EquipmentGrp/DepreciationAmt031570
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt034576
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0240
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0351
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0591
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17946
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22118
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL DIRECT DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2CREDIT CARD PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03246
IRS990ScheduleD/TotalLiabilityAmt010083
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0MITCHELL GOETZ
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1DANIELA BOTUR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1BOARD MEMBER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt022730
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1680
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MITCHELL'S BUSINESS WAS PAID TO TAKE PHOTOS OF THE LATINO RESOURCE CENTER FOR TWO SPECIFIC FUNDRAISING CAMPAIGN AND TO CREATE A NEW WEBSITE. MITCHELL WITHDREW FROM THE BOARD IN FEBRUARY 2015.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1DANIELA WAS PAID FOR FOOD FOR ONE FRIENDRAISER EVENT AND FOR A BOWL THAT WAS BROKEN IN HER GALLERY BY THE CHILDREN OF ONE OF OUR PROGRAMS.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO OF THE BOARD MEMBERS HAVE A FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BY-LAWS WERE CHANGED TO ALLOW FOR VOTING BY EMAIL AND OFFICER TERMS WERE CHANGED FROM 3 TERMS TO 4 TERMS OF 2 YEARS EACH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS REVIEWS FOR 990 FOR ACCEPTANCE PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANY TIME AN ISSUE COMES UP THAT IS PERCEIVED AS A CONFLICT OF INTEREST THE BOARD MEMBER IS REFRAINED FROM TAKING A VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ENTITY'S GOVERNING DOCUMENTS ARE AVAILABLE FOR REVIEW BY THE PUBLIC UPON REQUEST. CONFLICT OF INTEREST - UNDERSTANDING OF THE BOARD OF DIRECTORS TO BE DISCLOSED PRIOR TO ANY BOARD ACTION. FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 25058. MANAGEMENT AND GENERAL EXPENSES 1469. FUNDRAISING EXPENSES 1070. TOTAL EXPENSES 27597.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00

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