Why Are we Non-Profit?
We formed TriLatino under the New York Not-For-Profit Corporation Law and obtained tax-exempt status under Section 501(c)(3) of the Internal Revenue Code in order to remedy certain social imbalances affecting Latinos. In the United States, less than 12% of triathletes are minorities - fewer still Latinos; there exist negative stereotypes about Latinos and fitness, and Latinos in charitable organizations; the average income of triathletes in America is more than twice the national average; Latinos in America have a disproportionately high incidence rate of obesity and diabetes; and Latino youths in America are subject to greater risk of juvenile deliquency. We believe we can leverage the sport of triathlon to combat these and related social wrongs both inside and outside triathlon. |
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