Progreso Latino Fund. General Information. Contact Information. At A Glance. Nonprofit. Progreso Latino Fund Address

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1 Progreso Latino Fund General Information Contact Information Nonprofit Progreso Latino Fund Address 70 Audubon St New Haven, CT Phone (203) Web Site Web Site At A Glance Year of Incorporation

2 Mission & Areas Served Statements Mission The mission of the Progreso Latino Fund (PLF) is to promote the educational and socio-economic well-being of Latinos in the City of New Haven and the region, with special attention given to Puerto Rican youth; as advised by committee. PLF is a component Fund of The Community Foundation for Greater New Haven. Background The Progreso Latino Fund (PLF) has been building capacity and knowledge since 2003 when Frances and John Padilla asked a few of their friends to be founding donors. They and others have built a permanent endowment for grant making, policy forums, and leadership-building activities of just over a quarter-million dollars. Money raised for the Fund has been used to sponsor educational forums and community events a primary strategy and platform for bringing people together, engaging Latinos and non-latinos about issues, and providing a vehicle for conversations about how the issues impact Latinos. Impact For nearly a decade, the Progreso Latino Fund has sponsored learning opportunities/forums to engage Latinos in a meaningful way around issues that impact their community and to promote Latino leadership and philanthropy. Needs The current need of the Progreso Latino Fund is to grow the size of the endowment which will enable it to carryout more mission-related activities. CEO Statement *See Board Chair Statement Service Categories Primary Organization Category Philanthropy,Voluntarism & Grantmaking Foundations / Community Foundations Areas Served In a specific U.S. city, cities, state(s) and/or region. Ansonia Bethany Branford Cheshire Derby East Haven Guilford Hamden Lower Naugatuck Valley Madison Milford New Haven North Branford North Haven Orange 2

3 Oxford Seymour Shelton Shoreline Wallingford West Haven Woodbridge Ansonia As a component fund of The Community Foundation, the Progreso Latino Fund serves a 20-town region in Connecticut, which includes Ansonia, Bethany, Branford, Cheshire, Derby, East Haven, Guilford, Hamden, Madison, Milford, New Haven, North Branford, North Haven, Orange, Oxford, Seymour, Shelton, Wallingford, West Haven and Woodbridge. 3

4 Programs Programs Educational Outreach Description For nearly a decade, the Progreso Latino Fund has convened community leaders, residents, elected officials, converned citizens and leading authorities on a wide range of topics that impact the Latino community including: education, health, civic leadership, and the arts. Budget $0.00 Category / Population Served / / 4

5 Leadership & Staff CEO/Executive Director See CEO Comments Field Term Start Jan Staff Number of Full Time Staff 0 Number of Part Time Staff 0 Number of Volunteers 10 Number of Contract Staff 0 Staff Retention Rate 0% Staff Demographics - Ethnicity African American/Black 0 Asian American/Pacific Islander 0 Caucasian 0 Hispanic/Latino 0 Native American/American Indian 0 Other 0 0 Staff Demographics - Gender Male 0 Female 0 Unspecified 0 Plans & Policies Organization has a Fundraising Plan? Organization has a Strategic Plan? Years Strategic Plan Considers Management Succession Plan? Organization Policy and Procedures Nondiscrimination Policy Whistleblower Policy Document Destruction Policy Under Development Under Development N/A No Yes Yes Yes Yes 5

6 Formal Evaluations CEO Formal Evaluation CEO/Executive Formal Evaluation Frequency Senior Management Formal Evaluation Senior Management Formal Evaluation Frequency Non Management Formal Evaluation Non Management Formal Evaluation Frequency N/A Annually N/A N/A N/A N/A Comments CEO Comments As a component fund of The Community Foundation for Greater New Haven, the Progreso Latino Fund and its all-volunteer Advisory Board (that is listed on the Governance tab and manages the Fund's activities) is subject to The Community Foundation's Governance and Management. For more information about The Community Foundation, please view its profile on givegreater.org. 6

7 Board & Governance Board Chair Cynthia Rojas Company Affiliation Clifford Beers Guidance Clinic Term Sept 2012 to Sept 2014 Board of Directors Name Jarlene Cabrera Jorge Cabrera Tara Davila Yadira Duran Fernando Muniz John Padilla Frances Padilla Abel Padro Luis Pagan Orlando Rodriguez Cynthia Rojas Shelly Saczynski Raquel Santiago-Martinez Affiliation New Haven Public Schools Board Demographics - Ethnicity African American/Black 0 Asian American/Pacific Islander 0 Caucasian 0 Hispanic/Latino 10 Native American/American Indian 0 Other 0 0 Board Demographics - Gender Male 6 Female 6 Unspecified 0 Governance Board Term Lengths 2 7

8 Board Term Limits 3 Board Meeting Attendance % 0% Number of Full Board Meetings Annually 6 Written Board Selection Criteria Written Conflict of Interest Policy Under Development No Percentage Making Monetary Contributions 20% Percentage Making In-Kind Contributions 0% Constituency Includes Client Representation Yes Board Co-Chair Fernando Muniz Term Sept 2012 to Sept 2014 Standing Committees Board Governance 8

9 Financials Financials Fiscal Year Start 0 Fiscal Year End 0 Projected Revenue $0.00 Projected Expenses $0.00 Endowment Value $282,493, Spending Policy Percentage Percentage (if selected) 0% Detailed Financials Prior Three Years Total Revenue and Expense Totals Chart Fiscal Year Total Revenue $49,800,638 $54,294,041 $55,633,157 Total Expenses $27,279,866 $26,320,880 $22,219,021 Prior Three Years Revenue Sources Chart Fiscal Year Foundation and Corporation $21,763,689 $17,910,009 $35,371,689 Contributions Government Contributions $769,136 $900,000 $1,125,295 Federal -- $900, State Local Unspecified $769, $1,125,295 Individual Contributions Indirect Public Support Earned Revenue Investment Income, Net of Losses $27,267,813 $35,484,032 $19,136,173 Membership Dues Special Events Revenue In-Kind Other Prior Three Years Expense Allocations Chart 9

10 Fiscal Year Program Expense $23,117,438 $22,011,575 $19,147,526 Administration Expense $2,484,027 $3,089,811 $1,740,514 Fundraising Expense $1,678,401 $1,219,494 $1,330,981 Payments to Affiliates Total Revenue/Total Expenses Program Expense/Total Expenses 85% 84% 86% Fundraising Expense/Contributed Revenue 7% 6% 4% Prior Three Years Assets and Liabilities Chart Fiscal Year Total Assets $416,295,565 $363,752,780 $328,153,067 Current Assets $15,080,330 $12,790,395 $22,456,606 Long-Term Liabilities $552,145 $540,560 $507,418 Current Liabilities $2,893,625 $3,242,652 $4,064,833 Total Net Assets $412,849,795 $359,969,568 $323,580,816 Prior Three Years Top Three Funding Sources Fiscal Year Top Funding Source & Dollar Amount -- The Community -- Foundation of North West Connecticut $2,697,687 Second Highest Funding Source & Dollar -- Connecticut -- Amount Association for the Performing Arts $2,500,000 Third Highest Funding Source & Dollar Amount Solvency Short Term Solvency Fiscal Year Current Ratio: Current Assets/Current Liabilities Long Term Solvency Fiscal Year Long-Term Liabilities/Total Assets 0% 0% 0% Capital Campaign Currently in a Capital Campaign? No Goal $0.00 Comments CEO Comments The financials listed on this page are that of The Community Foundation for Greater New Haven, of which the Progreso Latino Fund is a part. For more information about The Community Foundation, please visit its profile on givegreater.org. 10

11 Foundation Staff Comments All financial data is based on 990s and audited financial statements. 1. In previous 3 yrs fiscal data the 'Other Revenue' includes Unrealized Gains/Losses and Organization Endowments 2. In previous 3 years fiscal data 'Foundation and Corporations' also includes individual contributions 11

12 Created Copyright 2018 The Community Foundation for Greater New Haven 12