Indiana Latino Institute Inc

What it reported doing in 2024

EDUCATIONThe Indiana Latino Institute focuses on increasing the number of Latino high school and college graduates in Indiana by preparing them in four key areas: college access, college success, workforce preparedness, and Voice/Youth Empowerment.a. College AccessILI helps students navigate college processes, financial aid, and career exploration. ILI also refers students and their families to general social service agencies for additional needs. ILI presents information to students and parents about higher education topics such as college readiness, scholarships, financial aid, workforce development, and community service. ILI host annual education summits to educate students on how to successfully prepare for, and complete, the college access component of the college process. A College and Career fair is provided for students.b. College SuccessThe Indiana Latino Institute supports college students statewide throughout their years in higher education to graduation and into the workforce. From one-on-one college coaching, internships, and scholarships, ILI provides resources to ensure students are informed and prepared as they continue their education.There are opportunities for college students at all levels, from traditional four-year tracks, part-time students, certificate programs, and more.c. Workforce PreparednessFirst Year Employment Exploration - ILI secures community partners to host incoming college freshmen over the summer. The program includes real world experience as well as resume development guidance and professional development trainings from ILI staff.Internship Program - ILI secures community partners to host interns over the summer. The internship includes real world experience as well as assistance from ILI staff who guide students to develop their resume and conduct career research projects. ILI provides interns with a scholarship upon completion of the internship.Internship through Partnership ILI partnerships with existing internship programs are available through partners such as Eli Lilly, Sherwin Williams, Allison Transmission, Carrier UTC, and Indiana Internet. These entities are established to provide workforce development opportunities for students. The Indiana Latino Institute places students in these programs that are run by outside entities.Fellowship Program - ILI secures corporate partners to host fellows who are college seniors or graduate students. The fellowship includes real world experience as well as character and leadership development trainings. Fellows are paid directly for their time.d. VOICE (Youth Health Empowerment)The program seeks to engage, educate, and empower youth to celebrate a tobacco-free lifestyle. Voice is actively building a network of Latino youth leaders to assist with the design and implementation of initiatives that will educate the community and empower their peers to be tobacco-free and have a healthy lifestyle."

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 91.1%; rating input score 91
• Fundraising efficiency: $22.51 raised per $1 spent on fundraising; rating input score 62; 62nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -47.9%; rating input score 3; 3rd percentile among comparable filings
• Total-asset coverage ratio: 1.69; rating input score 60; 60th percentile among comparable filings
• Liabilities to assets ratio: 0.1; rating input score 43; 43rd percentile among comparable filings
• Officer compensation ratio: 13.2%; rating input score 27; 27th percentile among comparable filings

Growth

• Program expense growth: 12.5% per year; rating input score 100; 70th percentile among comparable filings
• Revenue growth: 8.4% per year; rating input score 100; 60th percentile among comparable filings
• Asset growth: 22.7% per year; rating input score 100; 85th percentile among comparable filings