Form 990 for tax year 2023
Filed by LATINO ENTREPRENEURIAL NETWORK OFSOUTHEASTERN WISCONSIN INCORPORATED.
What the amendment changed
Compared with the return it replaced , filed 9 May 2024 — the latest of 2 it replaced. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
Those are the same on the two returns, so the amendment changed something else.
Totals
- Total revenue
- $332,642
- Total expenses
- $368,799
- Contributions and grants received
- $321,461
- Grants paid
- $73,040
- Program service revenue
- $10,321
- Investment income
- $795
- Other revenue
- $65
- Total assets, end of year
- $583,397
- Total liabilities, end of year
- $207,820
- Net assets or fund balances, end of year
- $375,577
- Program services expenses (Part IX)
- $356,974
- Management and general expenses
- $11,825
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $356,974
Program services were 96.8% 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
$2,879
-
1e · Government grants (contributions)
$251,065
-
1f · All other contributions, gifts and grants
$67,517
-
2a · Program service revenue: Special Event Revenue
total -$2,201 · related or exempt -$2,201
-
2b · Program service revenue: Program Income Revenue
total $12,522 · related or exempt $12,522
-
3 · Investment income
total $795 · excluded $795
-
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 $73,040 · program services $73,040
-
7 · Other salaries and wages
total $181,557 · program services $180,395 · management and general $1,162
-
10 · Payroll taxes
total $13,873 · program services $13,784 · management and general $89
-
11c · Fees: accounting
total $5,343 · program services $5,343
-
11g · Fees: other
total $31,502 · program services $31,453 · management and general $49
-
12 · Advertising and promotion
total $2,513 · program services $2,513
-
13 · Office expenses
total $11,837 · program services $11,521 · management and general $316
-
14 · Information technology
total $7,605 · program services $7,370 · management and general $235
-
16 · Occupancy
total $14,058 · program services $13,380 · management and general $678
-
17 · Travel
total $110 · program services $110
-
20 · Interest
total $11 · program services $11
-
22 · Depreciation, depletion and amortization
total $989 · management and general $989
-
23 · Insurance
total $1,447 · program services $1,394 · management and general $53
-
24a · Other expenses: Meals
total $5,180 · program services $5,018 · management and general $162
-
24b · Other expenses: Training and Development
total $8,840 · program services $8,840
-
24c · Other expenses: Miscellaneous Expense
total $2,802 · program services $2,802
-
24d · Other expenses: Special Events
total $8,091 · management and general $8,091
-
24e · All other expenses
total $1 · management and general $1
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $467,233 · end of year $560,625
-
4 · Accounts receivable
beginning of year $23,416 · end of year $17,334
-
10a · Land, buildings and equipment: cost or other basis
$6,921
-
10b · Land, buildings and equipment: accumulated depreciation
$1,483
-
10c · Land, buildings and equipment, net
beginning of year $6,427 · end of year $5,438
-
18 · Grants payable
beginning of year $6,445
-
19 · Deferred revenue
beginning of year $92,389 · end of year $159,375
-
25 · Other liabilities
beginning of year $8,201 · end of year $48,445
-
27 · Net assets without donor restrictions
beginning of year $390,041 · end of year $375,577
Mission and programs · 2023
Mission
THE PURPOSE OF THIS ORGANIZATION IS EDUCATIONAL CHARITY
-
ARPA GRANT
Expenses $172,851 · Grants $172,851
-
Greater of Milwaukee Grant
Expenses $55,000 · Grants $55,000
-
WEDC Grant offers training to scale up unbankable business
Expenses $23,214 · Grants $23,214
-
Grants and other assistance
Expenses $73,040
-
Contributions
Expenses $32,869 · Grants $50,100
As filed on the 2023 return.
Listed in Part VII
-
Hiram Rabaddan
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Brisa VanGalen
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jonathan Gonzalez
Officerr
- Total calculated
- $0
- Hours/week
- 1
-
Cesar Jimenez
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Nayeli Flores
Officer
- Total calculated
- $0
- Hours/week
- 3
-
Vanesa Sancha
President
- Total calculated
- $0
- Hours/week
- 5
-
Matthew Hughes
Assistant Treasurer
- 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 9 May 2024
- IRS schema version
- 2023v6.0
- Source object
- 202533189349306038
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