Form 990 for tax year 2023
Filed by LATINO CORPORATE DIRECTORS ASSOCIATION.
Totals
- Total revenue
- $2,637,132
- Total expenses
- $2,604,809
- Contributions and grants received
- $1,200,730
- Grants paid
- $0
- Program service revenue
- $1,413,868
- Investment income
- $13,831
- Other revenue
- $8,703
- Total assets, end of year
- $1,130,569
- Total liabilities, end of year
- $155,763
- Net assets or fund balances, end of year
- $974,806
- 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
$1,200,730
-
2a · Program service revenue: ADMINISTRATIVE FEES
total $1,163,568 · related or exempt $1,163,568
-
2b · Program service revenue: MEMBERSHIP DUES
total $250,300 · related or exempt $250,300
-
3 · Investment income
total $13,831 · excluded $13,831
-
11d · All other revenue
total $8,703 · excluded $8,703
-
11e · Other revenue, total
$8,703
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $425,269
-
7 · Other salaries and wages
total $1,210,722
-
8 · Pension plan contributions
total $34,874
-
9 · Other employee benefits
total $117,060
-
10 · Payroll taxes
total $117,888
-
11c · Fees: accounting
total $63,758
-
11g · Fees: other
total $138,620
-
12 · Advertising and promotion
total $12,956
-
13 · Office expenses
total $88,639
-
16 · Occupancy
total $480
-
17 · Travel
total $40,255
-
19 · Conferences, conventions and meetings
total $318,323
-
23 · Insurance
total $1,580
-
24a · Other expenses: DUES AND SUBSCRIPTIONS
total $34,385
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $165,470 · end of year $246,089
-
2 · Savings and temporary cash investments
beginning of year $585,124 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $205,000 · end of year $111,500
-
4 · Accounts receivable
beginning of year $133,847 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $1,541
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $411,564
-
12 · Investments: other securities
beginning of year $0 · end of year $359,875
-
17 · Accounts payable and accrued expenses
beginning of year $121,805 · end of year $103,055
-
19 · Deferred revenue
beginning of year $500 · end of year $49,350
-
25 · Other liabilities
beginning of year $42,300 · end of year $3,358
-
27 · Net assets without donor restrictions
beginning of year $924,836 · end of year $974,806
Mission and programs · 2023
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 2023, LCDA MADE AN IMPACT AND MARKED SIGNIFICANT ACHIEVEMENT IN SEVERAL KEY AREAS:-CELEBRATING ITS 10TH ANNIVERSARY-ELEVATING LATINO REPRESENTATION ON FORTUNE 1000 BOARDS AS IT NEARED 5%-REACHED ALMOST 600 LCDA MEMBERS, STRENGTHENING OUR INFLUENTIAL NETWORK-HOSTED OUR LARGEST ANNUAL CONVENING WITH OVER 325 ATTENDEESAS WE VENTURE INTO 2024, LCDA IS POISED TO BUILD UPON THE GROUNDWORK OF THE LCDA AND LCDEF BOARD OVER THE PAST 10 YEARS. OUR UNWAVERING FOCUS REMAINS ON INCREASING HISPANIC/LATINO REPRESENTATION IN AMERICA'S CORPORATE BOARDROOMS. WITH OUR MEMBERS AND PARTNERS, WE CONTINUE TO CULTIVATE THE LARGEST AND MOST POWERFUL NETWORK OF ACCOMPLISHED LATINO DIRECTORS AND LEADERS AT THE PINNACLE OF CORPORATE GOVERNANCE.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Elizabeth Oliver-FarrowELIZABETH OLIVER-FARROW
CHAIR
- Total calculated
- $0
- Hours/week
- 1.5
-
Jose RodriguezJOSE RODRIGUEZ
FIRST VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1.5
-
Adis Maria VilaADIS MARIA VILA
SECOND VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1.5
-
Ana DutraANA DUTRA
SECRETARY
- Total calculated
- $0
- Hours/week
- 1.5 + 1.5 related
-
Pedro DejesusPEDRO DEJESUS
TREASURER
- Total calculated
- $0
- Hours/week
- 1.5 + 1.5 related
-
Joe AlvaradoJOE ALVARADO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Victor AriasVICTOR ARIAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bernadette AulestiaBERNADETTE AULESTIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Louis CalderaLOUIS CALDERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Roel CamposROEL CAMPOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Adela CepedaADELA CEPEDA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cynthia ComparinCYNTHIA COMPARIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Manny FernandezMANNY FERNANDEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dolores KundaDOLORES KUNDA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1.5 related
-
Pat PinedaPAT PINEDA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Debra SandlerDEBRA SANDLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alejandro SilvaALEJANDRO SILVA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Esther AguileraESTHER AGUILERA
PRESIDENT/CEO (THRU 4/2023)
- Total calculated
- $174,945
- From this org
- $170,780
- From related orgs
- $0
- Other
- $4,165
- Hours/week
- 24 + 16 related
Schedule J breakdown matched by us
- Base
- $170,780
- Bonus
- $0
- Other
- $0
- Deferred
- $4,165
- Nontaxable benefits
- $0
- Filer's total
- $174,945
-
Oswaldo Gromada MezaOSWALDO GROMADA MEZA
PRESIDENT/CEO
- Total calculated
- $250,324
- From this org
- $248,903
- From related orgs
- $0
- Other
- $1,421
- Hours/week
- 28 + 12 related
Schedule J breakdown matched by us
- Base
- $248,903
- Bonus
- $0
- Other
- $0
- Deferred
- $1,421
- Nontaxable benefits
- $0
- Filer's total
- $250,324
-
Carmen JogeCARMEN JOGE
VP, PROGRAMS & OPERATIONS
- Total calculated
- $167,100
- From this org
- $150,000
- From related orgs
- $0
- Other
- $17,100
- Hours/week
- 10 + 30 related
Schedule J breakdown matched by us
- Base
- $150,000
- Bonus
- $0
- Other
- $0
- Deferred
- $7,500
- Nontaxable benefits
- $9,600
- Filer's total
- $167,100
-
Wendy SturleyWENDY STURLEY
ASSOCIATE VP, ENGAGEMENT & EVENTS
- Total calculated
- $144,450
- From this org
- $125,000
- From related orgs
- $0
- Other
- $19,450
- Hours/week
- 30 + 10 related
-
Monique NavarroMONIQUE NAVARRO
ASSOCIATE VP, MARKETING & COMMUNICATIONS
- Total calculated
- $135,600
- From this org
- $120,000
- From related orgs
- $0
- Other
- $15,600
- Hours/week
- 30 + 10 related
-
Juan OrtegaJUAN ORTEGA
DIRECTOR, LCDEF BOARDREADY INSTITUTE
- Total calculated
- $125,800
- From this org
- $115,000
- From related orgs
- $0
- Other
- $10,800
- Hours/week
- 10 + 30 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.
-
LATINO CORPORATE DIRECTORS EDUCATION FOUNDATION
501(C)(3) · GRANTS TO LATINO CORPORATE DIRECTORS · DE · controlled entity
Directly controlled by LATINO CORPORATE DIRECTORS ASSOCIATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 June 2024
- IRS schema version
- 2023v5.1
- Source object
- 202401839349301050
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