Form 990 for tax year 2022
Filed by LATINO ENTREPRENEURIAL NETWORK OFSOUTHEASTERN WISCONSIN INCORPORATED.
Totals
- Total revenue
- $370,587
- Total expenses
- $187,810
- Contributions and grants received
- $372,084
- Grants paid
- $50,000
- Program service revenue
- $3,528
- Investment income
- $537
- Other revenue
- -$5,562
- Total assets, end of year
- $497,076
- Total liabilities, end of year
- $107,035
- Net assets or fund balances, end of year
- $390,041
- Program services expenses (Part IX)
- $67,787
- Management and general expenses
- $114,396
- Fundraising expenses
- $5,627
- Program service expenses (Part III)
- $67,787
Program services were 36.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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.
-
1b · Membership dues
$25,763
-
1c · Fundraising events
$22,320
-
1e · Government grants (contributions)
$198,508
-
1f · All other contributions, gifts and grants
$125,493
-
2a · Program service revenue: Program Income
total $3,528 · related or exempt $3,528
-
3 · Investment income
total $537 · excluded $537
-
8a · Fundraising events: contributions included on line 1c
$22,320
-
8b · Fundraising events: direct expenses
$5,627
-
8c · Net income from fundraising events
total -$5,627 · excluded -$5,627
-
11a · Other revenue: Miscellaneous Income
total $65 · related or exempt $65
-
11e · Other revenue, total
$65
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $50,000 · program services $50,000
-
7 · Other salaries and wages
total $72,534 · program services $4,269 · management and general $68,265
-
10 · Payroll taxes
total $5,803 · management and general $5,803
-
11c · Fees: accounting
total $3,899 · management and general $3,899
-
11g · Fees: other
total $25,524 · program services $13,518 · management and general $12,006
-
12 · Advertising and promotion
total $2,464 · management and general $2,464
-
13 · Office expenses
total $4,518 · management and general $4,518
-
14 · Information technology
total $5,352 · management and general $5,352
-
16 · Occupancy
total $3,650 · management and general $2,500 · fundraising $1,150
-
22 · Depreciation, depletion and amortization
total $494 · management and general $494
-
23 · Insurance
total $1,081 · management and general $1,081
-
24a · Other expenses: Meals
total $1,993 · management and general $1,993
-
24b · Other expenses: Licenses & Permits
total $145 · management and general $145
-
24c · Other expenses: Bank Fees
total $304 · management and general $304
-
24d · Other expenses: Telephone Expense
total $1,857 · management and general $1,857
-
24e · All other expenses
total $8,192 · management and general $3,715 · fundraising $4,477
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $168,874 · end of year $467,233
-
4 · Accounts receivable
beginning of year $55,980 · end of year $23,416
-
10a · Land, buildings and equipment: cost or other basis
$6,921
-
10b · Land, buildings and equipment: accumulated depreciation
$494
-
10c · Land, buildings and equipment, net
beginning of year $6,921 · end of year $6,427
-
18 · Grants payable
beginning of year $6,445 · end of year $6,445
-
19 · Deferred revenue
end of year $92,389
-
25 · Other liabilities
end of year $8,201
-
27 · Net assets without donor restrictions
beginning of year $225,330 · end of year $390,041
Mission and programs · 2022
Mission
THE PURPOSE OF THIS ORGANIZATION IS EDUCATIONAL CHARITY
-
The Latino Entrepreneurial Network (LEN) of Southeastern Wisconsin and Proveedoras Unidas recently were awarded a $50000 grant to support the infrastructure of Child Care Providers in Milwaukee thanks to the generosity of the Greater Milwaukee Foundation.
Expenses $50,000 · Grants $50,000 · Revenue $50,000
-
WEDC Grant offers training to scale up unbankable business
Expenses $15,080 · Revenue $38,094
-
Vaccinate Program provided vaccination awareness and incentives to businesses in heavily affected census tract
Expenses $2,307 · Revenue $200
-
Zilber Grant. Training and technical assistance to gig contractors and cleaning companies
Expenses $400 · Revenue $30,000
As filed on the 2022 return.
Listed in Part VII
-
Ivan Cicla
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Yimma Davila
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Nayeli Flores
Officer
- Total calculated
- $0
- Hours/week
- 1
-
Geisha Melendez-Roman
President
- Total calculated
- $0
- Hours/week
- 3
-
Elizabeth Cruz
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Alfredo Diaz
Assistant Treasurer
- Total calculated
- $0
- Hours/week
- 3
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.
Grants on this return
-
Proveedoras
$50,000
Support the infrastructure of Child Care
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343199349325269
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