Form 990 for tax year 2023
Filed by LATINO ECONOMIC DEVELOPMENT CENTER.
Totals
- Total revenue
- $6,991,102
- Total expenses
- $3,516,316
- Contributions and grants received
- $6,428,992
- Grants paid
- $269,500
- Program service revenue
- $368,710
- Investment income
- $231,569
- Other revenue
- -$38,169
- Total assets, end of year
- $15,421,358
- Total liabilities, end of year
- $5,463,473
- Net assets or fund balances, end of year
- $9,957,885
- Program services expenses (Part IX)
- $2,203,528
- Management and general expenses
- $1,195,983
- Fundraising expenses
- $116,805
- Program service expenses (Part III)
- $2,203,528
Program services were 62.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
Henry Jimenez
Executive Director
- Total calculated
- $241,499
- From this org
- $218,212
- From related orgs
- $0
- Other
- $23,287
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $218,212
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $23,287
- Filer's total
- $241,499
-
Enrique Blanco
Director of Operations
- Total calculated
- $121,879
- From this org
- $121,139
- From related orgs
- $0
- Other
- $740
- Hours/week
- 40
-
Uri Camarena
Director
- Total calculated
- $0
- Hours/week
- 1
-
Carlos Lamboglia
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Ruben Hidalgo
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Eduardo Mozqueda
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Tony Vannicola
Director
- Total calculated
- $0
- Hours/week
- 1
-
Angela Knudson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Vanessa Butler
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer Carlson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Linda Correa Bates
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ambar Cristina Hanson
Director
- Total calculated
- $0
- Hours/week
- 1
-
Carlos Lopez
Director
- Total calculated
- $0
- Hours/week
- 1
-
Oliver Perez
Director
- Total calculated
- $0
- Hours/week
- 1
-
Alex Trevino
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Uribe
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jeremy Wermerskirchen
Director
- Total calculated
- $0
- Hours/week
- 1
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
- 3 · Compensation survey or study
- 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
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
Commercial rental real estate for Latinos · MN · income $9,481
Directly controlled by Latino Economic Development Center
-
Commercial kitchen for program participants · MN · income $4,080 · assets $3,995
Directly controlled by Latino Economic Development Center
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
East Side Enterprise Center LLC
Related · Commercial rental real estate · MN · 50% owned · share of income $75,256 · share of assets $411,994 · general or managing partner
Directly controlled by Latino Economic Development Center
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 3 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422509349300432
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