PLATINUM2023

LATINO COMMUNITY FOUNDATION

aka Latino Community Foundation   |   San Francisco, CA   |  www.latinocf.org

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GuideStar Charity Check

LATINO COMMUNITY FOUNDATION

EIN: 81-0564400


Mission

The Latino Community Foundation exists to unleash the civic and economic power of Latinos in California.

Ruling year info

2002

CEO

Ms. Jacqueline Martinez Garcel

Main address

235 Montgomery Street Suite 1160

San Francisco, CA 94104 USA

Show more contact info

Formerly known as

Hispanic Community Foundation

EIN

81-0564400

Subject area info

Foundations

Nonprofits

Civic participation

Population served info

Families

People of Latin American descent

Immigrants and migrants

NTEE code info

Community Foundations (T31)

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

California is home to 15 million Latinos—the largest ethnic group in the state. Latinos are a driving force of our economy and the backbone of our democracy. By investing in the Latino community, we secure the prosperity of the Golden State and become a model for harnessing the power of Latinos in the rest of the nation.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Investing In Latino-Led Nonprofit Organizations

LCF invests in Latino-led organizations advancing education, health and safety, civic engagement, and youth leadership in communities across California. Through core operating grants and capacity building efforts, LCF is committed to deepening the impact and expand the reach of organizations on the frontlines of social change. Through LCF's Latino Nonprofit Accelerator, the first-ever 16-month incubator for Latino nonprofits, LCF provides marketing and communication training, fundraising mentorship, and leadership development for Latino-led organizations. Our ultimate goal is to secure the future of Latino-led organizations as anchor institutions that leverage the strength and power of the communities they serve.

Population(s) Served
People of Latin American descent
Families

LCF leads efforts to increase civic and political participation of Latinos in California. By investing in civic leadership, facilitating conversations between community leaders and policy makers, creating a California Latino Agenda, and mobilizing the Latino vote, LCF is elevating the voice of the largest ethnic group in the state. LCF spearheaded efforts for an accurate and fair 2020 Census. In 2018 LCF organized the first televised Gubernatorial Forum focused on issues that matter to Latinos, hosted by Jorge Ramos. Our annual Latino Policy Summit brings together more than 300 community leaders to discuss policy solutions with key decision makers in Sacramento. LCF organizes over 50 legislative visits annually for community leaders to build relationships with and inform their local representatives on solutions for change. LCF launched the Yo Voy A Votar ¿Y Tú? campaign to mobilize the Latino vote, which has reached over 8 million people and registered thousands of first time voters.

Population(s) Served
People of Latin American descent

LCF has established the largest network of Latino philanthropists in the country. Our Latino Giving Circle Network® unites people with a shared sense of justice and generosity. With over 500 members and 22 Giving Circles across the state, these individuals have pooled their collective resources, time, and talents to invest in Latino-led organizations that are creating opportunities for youth and families to thrive. Join our growing movement! LCF also hosts the largest Latino Gala in California with over 600 leaders from nonprofits, corporate, foundations.

Population(s) Served
People of Latin American descent

LCF leverages its role as a community foundation and its knowledge of Latino-led nonprofits to respond to immediate and time sensitive matters that have a major impact in the wellbeing of Latino communities. This includes launching rapid response funds and disaster relief funds to support local nonprofits on the frontlines of serving, supporting, or advocating for Latino families and youth.

Population(s) Served
People of Latin American descent

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total dollar amount of grants awarded

This metric is no longer tracked.
Totals By Year
Population(s) Served

People of Latin American descent, Immigrants and migrants

Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

THE LATINO COMMUNITY FOUNDATION (LCF) EXISTS TO UNLEASH THE POWER OF LATINOS IN CALIFORNIA.

We fulfill our mission by building a movement of civically engaged philanthropic leaders, investing in Latino-led nonprofit organizations, and increasing civic and political participation of Latinos in California.

BUILDING A PHILANTHROPIC MOVEMENT
LCF has established the largest network of Latino philanthropists in the country. Our Latino Giving Circle Network® unites people with a shared sense of justice and generosity. With over 500 members and 22 Giving Circles across the state, these individuals have pooled their collective resources, time, and talents to invest in Latino-led organizations that are creating opportunities for youth and families to thrive. Join our growing movement! LCF also hosts the largest Latino Gala in California with over 600 leaders from nonprofits, corporate, foundations.

INVESTING IN LATINO-LED NONPROFIT ORGANIZATIONS
LCF invests in Latino-led organizations advancing education, health and safety, civic engagement, and youth leadership in communities across California. Through core operating grants and capacity building efforts, LCF is committed to deepening the impact and expand the reach of organizations on the frontlines of social change. Our ultimate goal is to secure the future of Latino-led organizations as anchor institutions that leverage the strength and power of the communities they serve. LCF’s latest initiative, the Latino Nonprofit Accelerator, is a year-long program that provides marketing and communication training, fundraising mentorship, and leadership development for Latino-led organizations.

INCREASING CIVIC AND POLITICAL PARTICIPATION OF LATINOS
LCF is leading efforts to increase civic and political participation of Latinos in California. By investing in civic leadership, facilitating conversations between community leaders and policy makers, creating a California Latino Agenda, and mobilizing the Latino vote, LCF is elevating the voice of the largest ethnic group in the state. LCF spearheaded efforts for an accurate and fair 2020 Census. In 2018 LCF organized the first televised Gubernatorial Forum focused on issues that matter to Latinos, hosted by Jorge Ramos. Our annual Latino Policy Summit brings together more than 300 community leaders to discuss policy solutions with key decision makers in Sacramento. LCF organizes over 50 legislative visits annually for community leaders to build relationships with and inform their local representatives on solutions for change. LCF launched the Yo Voy A Votar ¿Y Tú? campaign to mobilize the Latino vote, which has reached over 8 million people and registered thousands of first time voters.

LCF’s core values reflect the rich and diverse Latino culture and history. These values guide our commitment to honor people, families, and communities.

TRUST
LCF’s work is rooted and established on trust. We trust that our community partners understand the solutions that can best address the issues they face. We trust that the organizations we fund know how best to use the resources invested in them. We trust that our corporate and foundation partners share our goals and aspirations for the Latino community. LCF has built processes and a working environment that fosters mutual trust and respect of all our partners and honors the role each one plays in advancing our mission.

FAMILY and UNITY
LCF knows that anything is possible when we work together. Our team, Board, community partners and donors are tied together by a mutual commitment to support and lift up the next generation of Latinos. LCF has built the largest network of Latino philanthropists by welcoming donors into a family of changemakers and trailblazers. We open our homes, share meals together, and collectively decide how best to invest resources that will transform our communities into places youth and families can thrive. We take time to honor our history and backgrounds and build strong ties that unite our work beyond grantmaking. Our donors become interwoven into the lives of our community partners and vice versa.

LEADING FROM A PLACE OF STRENGTH
Latinos have made enormous contributions to the social and economic wellbeing of our nation and state. LCF is committed to elevating these assets and leading from a place of strength. Latinos are generous and committed to improving the lives of their families and communities. We work to leverage this commitment and the will for collective action to create opportunities for change. We seek to accomplish our mission not because there is a need to be met; but simply because as Latinos thrive the state and the country will thrive.

CHANGE, NOT CHARITY
LCF is in the business of accelerating change and progress. We serve as a catalyst that promotes positive and proactive solutions that heal communities, create opportunities for youth to thrive, and engage the largest ethnic group of California in civic and political action. LCF is not interested in charity. We aim to partner with donors and funders that want to invest in enduring, systemic and revolutionary changes to the status quo.

HOPE
Hope is what fuels our work and daily commitment to push forward. Hope that positive change is possible when power and will are applied and leveraged for the common good. We know that the systems and policies that have failed our families and communities can be fixed or replaced. We draw upon the collective history and strength of all immigrant communities that have settled in the U.S., a country guided and governed by a declaration that ALL men and women are created equal and have a right to the pursuit of happiness.

LCF has invested over $20M in Latino-led organizations to advance civic participation and economic opportunities for over a million Latino children and families.

In 2016, LCF launched the Yo Voy A Votar ¿Y Tú? campaign to mobilize the Latino vote. The campaign reached 8 million people and registered thousands of first time voters.

Over 77,000 people are part of our online community shaping a new narrative of Latinos. We have been intentional about engaging with a diverse audience of leaders and influencers.

LCF and Measure of America of the Social Science Research Council created the California Latino Power Map, a first-of-its-kind and easy-to-use online mapping and data tool created to chart Latino leadership across California. This site offers the most comprehensive list of Latino-led nonprofits in California while overlaying valuable data on a broad range of issues critical to the well-being of all Latinos in the state.

LCF played an essential role with the 2020 Census and presidential election, knowing the urgency of the opportunity to galvanize, mobilize, and organize Latino communities to be seen, heard, and counted. Our unprecedented, statewide campaign mobilized and activated Latinos around voting and the census in 2020. Together with our network of donors and nonprofit leaders, LCF will continue to uplift a new narrative of who Latinos and immigrants are in this country—as voters, philanthropists, and as hard-working Americans who deserve access to opportunity.

Financials

LATINO COMMUNITY FOUNDATION
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

27.49

Average of 15.40 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

27.9

Average of 14.5 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

14%

Average of 14% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

LATINO COMMUNITY FOUNDATION

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

LATINO COMMUNITY FOUNDATION

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

LATINO COMMUNITY FOUNDATION

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of LATINO COMMUNITY FOUNDATION’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $12,064 $958,259 $792,640 $3,146,030 $4,597,815
As % of expenses 0.3% 20.8% 10.0% 36.6% 43.7%
Unrestricted surplus (deficit) after depreciation $12,064 $958,259 $792,640 $3,146,030 $4,597,815
As % of expenses 0.3% 20.8% 10.0% 36.6% 43.7%
Revenue composition info
Total revenue (unrestricted & restricted) $5,549,566 $5,019,985 $15,949,364 $19,515,663 $26,130,512
Total revenue, % change over prior year 23.0% -9.5% 217.7% 22.4% 33.9%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.3% 0.0% 0.0% 0.3%
Government grants 0.0% 0.0% 0.0% 0.0% 9.7%
All other grants and contributions 99.9% 99.2% 100.0% 99.8% 89.9%
Other revenue 0.1% 0.5% 0.0% 0.2% 0.0%
Expense composition info
Total expenses before depreciation $4,502,549 $4,603,366 $7,894,808 $8,598,260 $10,526,822
Total expenses, % change over prior year 49.5% 2.2% 71.5% 8.9% 22.4%
Personnel 22.1% 27.3% 22.5% 24.1% 27.5%
Professional fees 12.5% 17.7% 11.6% 5.5% 3.8%
Occupancy 3.2% 4.0% 2.0% 1.7% 1.7%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 52.3% 39.9% 60.9% 66.0% 56.2%
All other expenses 9.9% 11.1% 3.0% 2.7% 10.7%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $4,502,549 $4,603,366 $7,894,808 $8,598,260 $10,526,822
One month of savings $375,212 $383,614 $657,901 $716,522 $877,235
Debt principal payment $0 $0 $0 $198,256 $0
Fixed asset additions $0 $4,979 $0 $2,272 $0
Total full costs (estimated) $4,877,761 $4,991,959 $8,552,709 $9,515,310 $11,404,057

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 8.6 9.0 11.7 28.7 27.9
Months of cash and investments 10.1 10.6 13.9 30.8 40.9
Months of estimated liquid unrestricted net assets 2.4 4.9 4.0 8.1 11.9
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $3,229,641 $3,469,406 $7,673,451 $20,553,580 $24,476,205
Investments $571,535 $585,763 $1,500,227 $1,502,016 $11,370,759
Receivables $1,094,727 $1,301,395 $4,441,435 $2,684,657 $4,242,900
Gross land, buildings, equipment (LBE) $30,150 $38,966 $38,966 $44,561 $44,561
Accumulated depreciation (as a % of LBE) 85.7% 76.2% 86.0% 82.6% 92.3%
Liabilities (as a % of assets) 4.2% 4.8% 5.6% 3.4% 3.2%
Unrestricted net assets $915,384 $1,873,643 $2,666,283 $5,812,313 $10,410,128
Temporarily restricted net assets $3,385,374 N/A N/A N/A N/A
Permanently restricted net assets $453,834 N/A N/A N/A N/A
Total restricted net assets $3,839,208 $3,297,568 $10,559,484 $18,313,287 $28,791,140
Total net assets $4,754,592 $5,171,211 $13,225,767 $24,125,600 $39,201,268

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

CEO

Ms. Jacqueline Martinez Garcel

Number of employees

Source: IRS Form 990

LATINO COMMUNITY FOUNDATION

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

LATINO COMMUNITY FOUNDATION

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

LATINO COMMUNITY FOUNDATION

Board of directors
as of 11/15/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Mr. Daniel Skaff

Co-founder and Managing Partner, Radicle Impact Partners

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? No
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? No
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? No
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 5/27/2022

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
Hispanic/Latino/Latina/Latinx
Gender identity
Female, Not transgender
Sexual orientation
Heterosexual or Straight

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data

There are no contractors recorded for this organization.

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser