Civic Intelligence

Latino Resource Organization Inc.

990 • Fiscal year 2017 • EIN 95-3655201

Jul 01, 2016 to Jun 30, 2017 • Filed on Jun 08, 2018

610 California AvenueVenice, CA 90291

(310) 578-6069

Siviq Scores

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

Liabilities / Assets

59th percentile

0.08x

Higher debt load relative to assets than 59% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

49th percentile

0.03x

Higher debt load relative to revenue than 49% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

58th percentile

6.5%

Higher net margin than 58% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

73rd percentile

16%

Faster asset growth than 73% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

41st percentile

0.5%

Faster revenue growth than 41% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Up

$342,218

Up $46,149 (+16%) from 2016

Net Assets

Up

$316,061

Up $52,423 (+20%) from 2016

Liabilities

Down

$26,157

Down $6,274 (-19%) from 2016

Revenue

Up

$805,642

Up $3,900 (+0.5%) from 2016

Expenses

Up

$753,219

Up $23,918 (+3.3%) from 2016

Net Income

Down

$52,423

Down $20,018 (-28%) from 2016

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2011: $33,421Liabilities 2011: $6712011Assets 2012: $126,231Liabilities 2012: $71,7192012Assets 2013: $95,925Liabilities 2013: $60,401Net Assets 2013: $35,5242013Assets 2014: $114,825Liabilities 2014: $13,754Net Assets 2014: $101,0712014Assets 2015: $323,950Liabilities 2015: $132,753Net Assets 2015: $191,1972015Assets 2016: $296,069Liabilities 2016: $32,431Net Assets 2016: $263,6382016Assets 2017: $342,218Liabilities 2017: $26,157Net Assets 2017: $316,0612017Assets 2018: $459,603Liabilities 2018: $94,715Net Assets 2018: $364,8882018Assets 2019: $403,820Liabilities 2019: $87,339Net Assets 2019: $316,4812019Assets 2020: $511,526Liabilities 2020: $131,937Net Assets 2020: $379,5892020Assets 2021: $503,168Liabilities 2021: $130,787Net Assets 2021: $372,3812021Assets 2022: $609,194Liabilities 2022: $226,009Net Assets 2022: $383,1852022Assets 2023: $494,992Liabilities 2023: $45,389Net Assets 2023: $449,6032023Assets 2024: $413,525Liabilities 2024: $28,063Net Assets 2024: $385,4622024

Highlighted filing

2017

Assets$342,218
Liabilities$26,157
Net Assets$316,061

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $86,975Expenses 2011: $101,255Net Income 2011: -$14,2802011Revenue 2012: $172,732Expenses 2012: $150,970Net Income 2012: $21,7622012Revenue 2013: $823,242Expenses 2013: $842,230Net Income 2013: -$18,9882013Revenue 2014: $765,460Expenses 2014: $699,913Net Income 2014: $65,5472014Revenue 2015: $903,957Expenses 2015: $813,831Net Income 2015: $90,1262015Revenue 2016: $801,742Expenses 2016: $729,301Net Income 2016: $72,4412016Revenue 2017: $805,642Expenses 2017: $753,219Net Income 2017: $52,4232017Revenue 2018: $1,054,262Expenses 2018: $1,005,435Net Income 2018: $48,8272018Revenue 2019: $984,322Expenses 2019: $1,032,729Net Income 2019: -$48,4072019Revenue 2020: $979,260Expenses 2020: $916,152Net Income 2020: $63,1082020Revenue 2021: $935,012Expenses 2021: $942,220Net Income 2021: -$7,2082021Revenue 2022: $1,278,060Expenses 2022: $1,267,256Net Income 2022: $10,8042022Revenue 2023: $1,320,587Expenses 2023: $1,254,169Net Income 2023: $66,4182023Revenue 2024: $469,774Expenses 2024: $533,915Net Income 2024: -$64,1412024

Highlighted filing

2017

Revenue$805,642
Expenses$753,219
Net Income$52,423
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jun 8, 2018
Return Version
2016v3.0
Gross Receipts
$805,642
Mission and Program Overview

Mission

Founded 30 years ago, Latino Resource Organization (LRO) claims deep, enduring connections to its target population, specifically working poor communities and extremely low-income families. LRO addresses the economic, educational, emotional, and cultural issues common to these disadvantaged immigrant households. Starting with safety net and basic needs, the agency helps them advance to an improved quality of life.

Westside Los Angeles nonprofit organization dedicated to provide a continuum of core services designed to assist very-low, and low income families successfully attain socio-economic resources and youth services that target increasing academic achievement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$232,166$282,063▲ $49,897
Cash and Non-Interest-Bearing Accounts$54,290$39,871▼ $14,419
Prepaid Expenses and Deferred Charges$6,179$13,106▲ $6,927
Land, Buildings, and Equipment, Net$2,709$5,208▲ $2,499
Savings and Temporary Cash Investments-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$296,069$342,218▲ $46,149
Other Assets Total$725$1,970▲ $1,245
Liabilities
Accounts Payable and Accrued Expenses$29,273$26,157▼ $3,116
Unsecured Notes Loans Payable$3,158--
Total Liabilities$32,431$26,157▼ $6,274
Net Assets / Fund Balance
Unrestricted Net Assets$258,638$311,061▲ $52,423
Temporarily Rstr Net Assets$5,000$5,000→ $0
Total Net Assets Fund Balance$263,638$316,061▲ $52,423
Total Liabilities and Net Assets / Fund Balance$296,069$342,218▲ $46,149

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,208$12,866$18,074
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joseph SotoExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$805,642
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$133,519
Change in Net Assets
$52,423
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$553,891
Other Expenses$199,328
Total Fundraising Expense$7,534
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$455,574$19,182$4,796$479,552
Occupancy$99,847$4,204$1,051$105,102
Payroll Taxes$42,632$1,795$449$44,876
Other Employee Benefits$27,990$1,178$295$29,463
Fees for Services Accounting$11,400$480$120$12,000
All Other Expenses$10,735$450$113$11,298
Insurance$7,874$331$83$8,288
Other Expenses$5,755$242$61$6,058
Fees for Services Other$2,745$115$29$2,889
Travel$1,292$54$14$1,360
Advertising$509$22$5$536
Interest$455$19$5$479
Total Functional Expenses$715,561$30,124$7,534$753,219
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
No
Audit committee
Yes
Backup withholding compliance
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 Resource Organization
EIN
95-3655201
Address
610 California Avenue, Venice, CA 90291

Signing Officer

Name
Joseph Soto
Title
Executive Director
Signed
2018-06-08

Organization Details

Voting Board Members
6
Independent Board Members
6
Employees
9
Volunteers
6
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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/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt05000
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt05000
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0296069
IRS990/TotalAssetsEOYAmt0342218
IRS990/TotalAssetsGrp/BOYAmt0296069
IRS990/TotalAssetsGrp/EOYAmt0342218
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0805642
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt07534
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt030124
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0715561
IRS990/TotalFunctionalExpensesGrp/TotalAmt0753219
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt032431
IRS990/TotalLiabilitiesEOYAmt026157
IRS990/TotalLiabilitiesGrp/BOYAmt032431
IRS990/TotalLiabilitiesGrp/EOYAmt026157
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0263638
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0316061
IRS990/TotalProgramServiceExpensesAmt0715561
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0805642
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0296069
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0342218
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt014
IRS990/TravelGrp/ManagementAndGeneralAmt054
IRS990/TravelGrp/ProgramServicesAmt01292
IRS990/TravelGrp/TotalAmt01360
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0258638
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0311061
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt03158
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.latinoresource.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Joseph Soto
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Dir.
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Latino Resource Organization
ReturnHeader/Filer/BusinessNameControlTxt0LATI
ReturnHeader/Filer/EIN0953655201
ReturnHeader/Filer/USAddress/AddressLine1Txt0610 California Avenue
ReturnHeader/Filer/USAddress/CityNm0Venice
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090291
ReturnHeader/ReturnTs02018-06-08T13:23:16-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.41$0.03$0.39$0.47$0.53$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.49$0.05$0.45$1.32$1.25$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.61$0.23$0.38$1.28$1.27$0.01
2021Detailed filing. Detailed filing data is available for this year.$0.50$0.13$0.37$0.94$0.94$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.51$0.13$0.38$0.98$0.92$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.40$0.09$0.32$0.98$1.03$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.46$0.09$0.36$1.05$1.01$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.34$0.03$0.32$0.81$0.75$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.30$0.03$0.26$0.80$0.73$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.32$0.13$0.19$0.90$0.81$0.09
2014Summary only. Only limited summary data is available for this year.$0.11$0.01$0.10$0.77$0.70$0.07
2013Summary only. Only limited summary data is available for this year.$0.10$0.06$0.04$0.82$0.84$0.02
2012Summary only. Only limited summary data is available for this year.$0.13$0.07$0.17$0.15$0.02
2011Summary only. Only limited summary data is available for this year.$0.03$0.00$0.09$0.10$0.01