Form 990 for tax year 2023

Totals

Total revenue

$1,191,227

Total expenses

$1,275,408

Contributions and grants received

$814,200

Grants paid

$0

Program service revenue

$364,525

Investment income

$12,502

Other revenue

$0

Total assets, end of year

$678,221

Total liabilities, end of year

$54,367

Net assets or fund balances, end of year

$623,854

Program services expenses (Part IX)

$927,296

Management and general expenses

$188,667

Fundraising expenses

$159,445

Program service expenses (Part III)

$927,296

Program services were 72.7% 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.

Mission and programs · 2023

• LCDEF ACCOMPLISHED THE FOLLOWING: GREW THE NUMBER OF BOARD ASPIRING EXECUTIVES PARTICIPATING IN THE BOARD READY INSTITUTE PROGRAMMING, OUR PROGRAM OFFERINGS HAVE ALSO EXPANDED. THE BRI OFFERS LCDA MEMBERS TWO CONCURRENT PROGRAM TRACKS: THE CORE BRI AND THE NEXT-LEVEL BRINEXT: THE BRI CORE PROGRAM IS DESIGNED TO PREPARE EXECUTIVES TO BEGIN THEIR JOURNEY TO THE BOARDROOM AND BE BEST POSITIONED TO SERVE AS A VETTED TALENT POOL FOR CORPORATE BOARD SERVICE. THE PROGRAM IS TARGETED AT NEW EXECUTIVE MEMBERS WHO HAVE NOT COMPLETED BOARD-READY PROGRAMMING OR DIRECTORS WHO ARE SERVING ON THEIR FIRST PRIVATE BOARD (LESS THAN 2 YEARS). BRINEXT IS NEXT LEVEL PROGRAMMING DESIGNED TO TAKE EXECUTIVES ON A DEEPER DIVE INTO CORPORATE GOVERNANCE EDUCATION WITH A SPECIFIC FOCUS ON BEING AN EFFECTIVE BOARD DIRECTOR AT THE COMMITTEE LEVEL. THIS PROGRAM IS TARGETED AT FIRST-TIME DIRECTORS (LESS THAN 5 YEARS) AND EXECUTIVE MEMBERS WHO COMPLETED BRI CORE PROGRAMMING IN PREVIOUS YEAR(S) OR OTHER BOARD-READINESS PROGRAMS THROUGH OTHER SOURCES.LCDEF'S PREMIERE BOARDREADY INSTITUTE (BRI) IS A COMPREHENSIVE SET OF EXCLUSIVE PROGRAMS - BRI CORE AND BRINEXT - UNIQUELY DESIGNED TO PREPARE NEW AND ASPIRING DIRECTORS FOR BOARDROOM SUCCESS. THERE IS NO OTHER PROGRAMMING OF THIS SCOPE FOCUSED ON ACCELERATING THE DEVELOPMENT AND PLACEMENT OF HIGHLY CREDENTIALED LATINOS ONTO THE HIGHEST LEVELS OF CORPORATE GOVERNANCE.

  Expenses $927,296 · Revenue $364,525

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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 ASSOCIATION

  501(C)(6) · SUPPORT LATINO CORPORATE DIRECTORS · DE

Provenance

Return type

form_990

Tax year

2023

Filed

28 June 2024

IRS schema version

2023v5.1

Source object

202401839349300760

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