Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | LATINO VICTORY PROJECT HIRED ARABELLA ADVISORS, A PHILANTHROPIC CONSULTING FIRM, TO PROVIDE FINANCIAL, OPERATIONAL AND COMPLIANCE MANAGEMENT SERVICES TO THE ORGANIZATION. ARABELLA ADVISORS MANAGES THE ORGANIZATIONS BANK ACCOUNT, FINANCIAL REPORTING AND PAYMENT PROCESSING. IN ADDITION, LATINO VICTORY PROJECT HAD A COST SHARING AGREEMENT WITH NEW VENTURE FUND, A 501 (C)(3) PUBLIC CHARITY, WHICH ALLOWED FOR EMPLOYEES OF NEW VENTURE FUND TO PERFORM WORK ON BEHALF OF LATINO VICTORY PROJECT. THE ORGANIZATION REIMBURSED NEW VENTURE FUND FOR THIS WORK ON A MONTHLY BASIS. |
| FORM 990, PART VI, SECTION B, LINE 11 | IT WILL BE SENT TO EACH BOARD MEMBER PRIOR TO FILING WITH A FOLLOW-UP MEETING FOR DISCUSSION. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE PRESIDENT'S COMPENSATION WAS DETERMINED BY THE MANAGEMENT COMPANY, NEW VENTURE FUND, AND THE MANAGEMENT COMPANY'S BOARD OF DIRECTORS. COMPARABILITY DATA AND SALARY HISTORY WERE CONSIDERED IN THE DELIBERATION. THE PRESIDENT'S SALARY HAS NOT CHANGED SINCE 2014. FOR THE TREASURER, COMPARABILITY DATA AND SALARY HISTORY WERE CONSIDERED. |
| FORM 990, PART VI, SECTION C, LINE 18 | FORM 1024 HAS NOT BEEN FILED WITH THE IRS. FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. |
| FORM 990, PART VI, SECTION C, LINE 19 | LATINO VICTORY PROJECT DOES NOT MAKE COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. |
| FORM 990, PART IX, LINE 11G | COMMUNICATIONS: PROGRAM SERVICE EXPENSES 79,098. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 13,959. TOTAL EXPENSES 93,057. DATA ANALYSIS: PROGRAM SERVICE EXPENSES 39,385. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 6,950. TOTAL EXPENSES 46,335. STRATEGIC CONSULTING: PROGRAM SERVICE EXPENSES 11,900. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 2,100. TOTAL EXPENSES 14,000. |
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