Progreso Latino Fund
70 Audubon St
New Haven CT 06510
Contact Information
Address 70 Audubon St
New Haven, CT 06510-
Telephone (203) 777-2386 x
Fax 203-776-3872
E-mail plfforums@cfgnh.org
Web and Social Media
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.
At A Glance
Year of Incorporation 2003
Leadership
CEO/Executive Director See CEO Comments Field
Board Chair Cynthia Rojas
Board Chair Company Affiliation Clifford Beers Guidance Clinic
Financial Summary
Revenue vs Expenses Bar Graph - All Years
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 carry-out 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
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.
Programs
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.  
Population Served / /
CEO/Executive Director
See CEO Comments Field
Term Start Jan 1993
Email plfforums@cfgnh.org
Staff
Number of Full Time Staff 0
Number of Part Time Staff 0
Number of Volunteers 10
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
Formal Evaluations
CEO Formal Evaluation N/A
CEO/Executive Formal Evaluation Frequency Annually
Senior Management Formal Evaluation N/A
Senior Management Formal Evaluation Frequency N/A
Non Management Formal Evaluation N/A
Non Management Formal Evaluation Frequency 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.
Board Chair
Cynthia Rojas
Company Affiliation Clifford Beers Guidance Clinic
Term Sept 2012 to Sept 2014
Board of Directors
NameAffiliation
Jarlene Cabrera
Jorge Cabrera
Tara Davila
Yadira Duran
Fernando Muniz
John Padilla
Frances Padilla
Abel Padro
Luis Pagan
Orlando Rodriguez
Cynthia Rojas
Shelly Saczynski New Haven Public Schools
Raquel Santiago-Martinez
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
Board Term Limits 3
Written Board Selection Criteria Under Development
Written Conflict of Interest Policy 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
CEO Comments
I heard about Progreso Latino through word of mouth when it was in its first year (2003). Everyone was talking about it in New Haven. Progreso Latino gave me an opportunity to make a donation in memory of my late father, who passed away before his time.My father was very proud of his heritage, proud to be Puerto Rican. He was the kind of man who, if he’d known about Progreso Latino he would have donated and liked to have served on the committee. By giving to Progreso Latino, I’m able to fulfill my quest of building my father’s legacy and honoring his life. It took me a year to figure out where to donate, but when I heard about the Progreso Latino Fund, I didn’t hesitate. I know my father’s memory lives through Progreso Latino, I also know this is what Daddy would’ve done.

Cynthia W. Rojas, Board Co-Chair
In Memory of Jose M. Rojas
 
 
Financials
Fiscal Year Start 0
Fiscal Year End 0
Projected Revenue
Projected Expenses
Spending Policy Percentage
Documents
Form 990s
Form 9902013
Form 9902012
Form 9902011
Form 9902010
Form 9902009
Audit Documents
Audit2013
Audit2012
Audit2011
Audit2010
Audit2009
Other Documents
Other Documents 3
NameYear
Progreso Latino Fund Brochure2011View
Detailed Financials
Prior Three Years Total Revenue and Expense Totals ChartHelpFinancial data for prior years is entered by foundation staff based on the documents submitted by nonprofit organizations.Foundation staff members enter this information to assure consistency in the presentation of financial data across all organizations.
Fiscal Year201320122011
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 ChartHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201320122011
Foundation and
Corporation Contributions
$21,763,689$17,910,009$35,371,689
Government Contributions$769,136$900,000$1,125,295
Federal--$900,000--
State------
Local------
Unspecified$769,136--$1,125,295
Individual Contributions------
------
------
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
Fiscal Year201320122011
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 Expenses1.832.062.50
Program Expense/Total Expenses85%84%86%
Fundraising Expense/Contributed Revenue7%6%4%
Prior Three Years Assets and Liabilities Chart
Fiscal Year201320122011
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 Year201320122011
Top Funding Source & Dollar Amount --The Community Foundation of North West Connecticut $2,697,687 --
Second Highest Funding Source & Dollar Amount --Connecticut Association for the Performing Arts $2,500,000 --
Third Highest Funding Source & Dollar Amount -- -- --
Solvency
Short Term Solvency
Fiscal Year201320122011
Current Ratio: Current Assets/Current Liabilities5.213.945.52
Long Term Solvency
Fiscal Year201320122011
Long-Term Liabilities/Total Assets0%0%0%
Capitial Campaign
Currently in a Capital Campaign? No
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.

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

Address 70 Audubon St
New Haven, CT 06510
Primary Phone 203 777-2386
Contact Email plfforums@cfgnh.org
CEO/Executive Director See CEO Comments Field
Board Chair Cynthia Rojas
Board Chair Company Affiliation Clifford Beers Guidance Clinic

 

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