Latino Community Foundation

Nonprofit profile at a glance

EIN
810564400
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
San Francisco, CA, USA
Phone
4152364020
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$14,186,945
Expenses
$11,757,933
Assets
$59,666,493
Liabilities
$754,282

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

24 people listed

Executive titles in this filing

  • JULIAN CASTRO (CHIEF EXECUTIVE OFFICER)
  • JACQUELINE MARTINEZ GARCEL (SR. ADV (THRU 6/30/24), FORMER CEO)

Highest reported compensation

  • JULIAN CASTRO (CHIEF EXECUTIVE OFFICER): $435,582 total reported compensation
  • JACQUELINE MARTINEZ GARCEL (SR. ADV (THRU 6/30/24), FORMER CEO): $317,439 total reported compensation
  • MARIA ZAYAS CARNES (CHIEF FINANCIAL OFFICER): $286,361 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Lcf exists to unleash the civic and economic power of latinos in California. Lcf fulfills the mission by building a movement of critically engaged philanthropic leaders, investing in latino-led orgs, and increasing civic participation of latinos in California.

What it reported doing in 2024

Building civic power: latino power fund programs and grantmaking that increase investments into grassroot organizations rooted in latino communities working to promote civic engagement among latinos and promote the equitable distribution of american rescue plan funds. In 2024, lcf launched the fourth cohort of its latino nonprofit accelerator, culminated its first cohort of the rest is power sabbatical program for grassroot leaders, and culminated the first phase of the poderarte initiative to promote art and culture as a vehicle to promote civic engagement and social change. Lcf partnerships and nonpartisan activations also mobilized thousands of voters in latino communities across California, Nevada, and Arizona. As part of lcf's mission, lcf manages the latino giving circle network (lgcn) to inspire philanthropy for the benefit of latino communities. Lcf has created this network of philanthropists as a platform for latino leaders to increase their civic engagement. As of december 31, 2024, there were 19 lgcn giving circles with 347 members.

Operating model

Revenue model
Donor-supported. 82% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 54% for direct work, and 46% for grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 84
  • Accountability: 100
  • Sustainability: 74
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.3%; rating input score 76
  • Program expense ratio: 85%; rating input score 85
  • Fundraising efficiency: $16.1 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 20th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 97.6%; rating input score 98; 28th 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; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 17.1%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 5.07; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 92; 92nd percentile among comparable filings
  • Officer compensation ratio: 17%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: 15.5% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 13.5% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 33.3% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 76.3% of revenue deployed · 85% of spending went to programs
  • Governance: 14 of 14 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $10M in reported program spending
  • Leadership: top reported pay $436K · 24 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $921K reported
  • Consistency: 33 of 34 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 104 filed money-flow records
  • Related organizations: 96 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Fundraising efficiency scored 51/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.