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← LATINO CORPORATE DIRECTORS ASSOCIATION

Form 990 for tax year 2024

Filed by LATINO CORPORATE DIRECTORS ASSOCIATION.

Totals

Total revenue
$2,966,785
Total expenses
$2,990,198
Contributions and grants received
$1,484,000
Grants paid
$0
Program service revenue
$1,463,776
Investment income
$10,870
Other revenue
$8,139
Total assets, end of year
$1,196,320
Total liabilities, end of year
$217,136
Net assets or fund balances, end of year
$979,184
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,484,000

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $1,188,675 · related or exempt $1,188,675

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $275,101 · related or exempt $275,101

  • 3 · Investment income

    total $10,870 · excluded $10,870

  • 11d · All other revenue

    total $8,139 · excluded $8,139

  • 11e · Other revenue, total

    $8,139

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $338,963

  • 7 · Other salaries and wages

    total $1,273,015

  • 8 · Pension plan contributions

    total $47,372

  • 9 · Other employee benefits

    total $125,884

  • 10 · Payroll taxes

    total $118,806

  • 11c · Fees: accounting

    total $81,069

  • 11g · Fees: other

    total $161,527

  • 12 · Advertising and promotion

    total $31,715

  • 13 · Office expenses

    total $84,489

  • 14 · Information technology

    total $2,644

  • 16 · Occupancy

    total $2,932

  • 17 · Travel

    total $34,086

  • 19 · Conferences, conventions and meetings

    total $666,259

  • 23 · Insurance

    total $1,841

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $19,596

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $246,089 · end of year $360,929

  • 3 · Pledges and grants receivable

    beginning of year $111,500 · end of year $67,829

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,541 · end of year $32,320

  • 11 · Investments: publicly traded securities

    beginning of year $411,564 · end of year $484,267

  • 12 · Investments: other securities

    beginning of year $359,875 · end of year $165,533

  • 15 · Other assets

    beginning of year $0 · end of year $85,442

  • 17 · Accounts payable and accrued expenses

    beginning of year $103,055 · end of year $75,036

  • 19 · Deferred revenue

    beginning of year $49,350 · end of year $142,100

  • 25 · Other liabilities

    beginning of year $3,358 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $974,806 · end of year $979,184

Mission and programs · 2024

Mission

SEE SCHEDULE O.

Activities or mission (Part I)

LCDA SERVES AS AN ADVOCATE AND RESOURCE TO CORPORATE BOARDS, SEARCH FIRMS, PRIVATE EQUITY, AND INSTITUTIONAL INVESTORS INTERESTED IN GAINING ACCESS TO EXCEPTIONAL LATINO BOARD TALENT.

  • LCDA'S MISSION IS TO DEVELOP, SUPPORT AND INCREASE THE NUMBER OF US HISPANIC/LATINOS ON CORPORATE BOARDS. WE ACCOMPLISH THIS MISSION THROUGH SEVERAL STRATEGIC PROGRAMMATIC FOCUS AREAS: MEMBERSHIP, DEMAND, AND TALENT SERVICES.IN 2024, LCDA MARKED SEVERAL SIGNIFICANT ACHIEVEMENTS:-ACHIEVED 20% MEMBERSHIP GROWTH, BRINGING US TO NEARLY 700 MEMBERS-LCDA FACILITATED OVER 550 ONE-ON-ONE INTRODUCTIONS BETWEEN LATINO BOARD-READY EXECUTIVES AND LEADING SEARCH FIRMS, PRIVATE EQUITY ORGANIZATIONS, AND BOARDS.-PARTICIPATED IN OVER 140 BOARD EXECUTIVE SEARCHES, EXPANDING OPPORTUNITIES FOR LATINO REPRESENTATION. TODAY, WE HAVE EXTRAORDINARY INFLUENCE AND POTENTIAL.AS WE VENTURE INTO 2025, LCDA IS POISED TO GATHER AND MAP OUT A BOLD NEW VISION FOR THE YEARS AHEAD. IT WILL LAUNCH A COMPREHENSIVE MEMBER AND STAKEHOLDER SURVEY WHOSE FINDINGS WILL HELP THE BOARD BEGIN KEY DISCUSSIONS ON A STRATEGIC PLAN FORWARD. ALL WHILE SUSTAINING ITS LEVEL OF FUNDING AND OPERATIONAL PERFORMANCE ACROSS ITS TOP PRIORITIES.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Elizabeth Oliver-Farrow

    CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • Jose Rodriguez

    FIRST VICE CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • Adis Maria Vila

    SECOND VICE CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • Ana Dutra

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 related

  • Pedro Dejesus

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 related

  • Joe Alvarado

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Victor Arias

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bernadette Aulestia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Louis Caldera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roel Campos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adela Cepeda

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cynthia Comparin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Manny Fernandez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dolores Kunda

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • Pat Pineda

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Debra Sandler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alejandro Silva

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Oswaldo Gromada Meza

    PRESIDENT/CEO

    Total calculated
    $338,963
    From this org
    $324,000
    From related orgs
    $0
    Other
    $14,963
    Hours/week
    40 + 12 related

    Schedule J breakdown matched by us

    Base
    $324,000
    Bonus
    $0
    Other
    $0
    Deferred
    $1,763
    Nontaxable benefits
    $13,200
    Filer's total
    $338,963

  • Carmen Joge

    VP, PROGRAMS & OPERATIONS

    Total calculated
    $188,625
    From this org
    $170,500
    From related orgs
    $0
    Other
    $18,125
    Hours/week
    40 + 30 related

    Schedule J breakdown matched by us

    Base
    $170,500
    Bonus
    $0
    Other
    $0
    Deferred
    $8,525
    Nontaxable benefits
    $9,600
    Filer's total
    $188,625

  • Wendy Sturley

    VP, EVENTS

    Total calculated
    $145,304
    From this org
    $126,861
    From related orgs
    $0
    Other
    $18,443
    Hours/week
    40 + 10 related

  • Monique Navarro

    ASSOCIATE VP, MARKETING & COMMUNICATIONS

    Total calculated
    $142,950
    From this org
    $127,000
    From related orgs
    $0
    Other
    $15,950
    Hours/week
    40 + 10 related

  • Tracy Michelle Leon

    DIRECTOR OF TALENT AND DEMAND

    Total calculated
    $134,244
    From this org
    $125,500
    From related orgs
    $0
    Other
    $8,744
    Hours/week
    40 + 10 related

  • Leslie Gambrell

    DIRECTOR OF MEMBERSHIP

    Total calculated
    $115,692
    From this org
    $104,176
    From related orgs
    $0
    Other
    $11,516
    Hours/week
    40 + 10 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Payments for business use of a personal residence
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
THE ASSOCIATION'S PRESIDENT/CEO WORKS FROM HOME AND IS REIMBURSED FOR TELECOMMUNICATIONS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
18 August 2025
IRS schema version
2024v5.2
Source object
202542319349301014

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