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← LATINO CORPORATE DIRECTORS EDUCATION FOUNDATION

Form 990 for tax year 2024

Filed by LATINO CORPORATE DIRECTORS EDUCATION FOUNDATION.

Totals

Total revenue
$1,335,771
Total expenses
$1,345,307
Contributions and grants received
$801,445
Grants paid
$0
Program service revenue
$505,948
Investment income
$12,737
Other revenue
$15,641
Total assets, end of year
$853,893
Total liabilities, end of year
$224,447
Net assets or fund balances, end of year
$629,446
Program services expenses (Part IX)
$1,067,990
Management and general expenses
$157,974
Fundraising expenses
$119,343
Program service expenses (Part III)
$1,067,990

Program services were 79.4% 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.

  • 1f · All other contributions, gifts and grants

    $801,445

  • 2a · Program service revenue: BOARD READY INSTITUTE

    total $505,948 · related or exempt $505,948

  • 3 · Investment income

    total $8,155 · excluded $8,155

  • 7a · Gross sales of assets other than inventory

    securities $4,978

  • 7b · Less cost or other basis and sales expenses

    securities $396

  • 7c · Gain or loss

    securities $4,582

  • 7d · Net gain or loss

    total $4,582 · excluded $4,582

  • 11d · All other revenue

    total $15,641 · excluded $15,641

  • 11e · Other revenue, total

    $15,641

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $1,188,675 · program services $922,055 · management and general $147,277 · fundraising $119,343

  • 13 · Office expenses

    total $150 · management and general $150

  • 19 · Conferences, conventions and meetings

    total $156,482 · program services $145,935 · management and general $10,547

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $66,448 · end of year $275,037

  • 3 · Pledges and grants receivable

    beginning of year $50,000 · end of year $75,800

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,438 · end of year $15,284

  • 11 · Investments: publicly traded securities

    beginning of year $265,405 · end of year $386,151

  • 12 · Investments: other securities

    beginning of year $289,572 · end of year $101,621

  • 15 · Other assets

    beginning of year $3,358 · end of year $0

  • 19 · Deferred revenue

    beginning of year $54,367 · end of year $139,005

  • 25 · Other liabilities

    beginning of year $0 · end of year $85,442

  • 27 · Net assets without donor restrictions

    beginning of year $623,854 · end of year $629,446

Mission and programs · 2024

Mission

THE LATINO CORPORATE DIRECTORS EDUCATION FOUNDATION (LCDEF) IS THE AFFILIATED FOUNDATION OF LCDA. TOGETHER WITH LCDA, THE FOUNDATION IS COMMITTED TO PAVING THE WAY FOR THE NEXT GENERATION OF US CORPORATE DIRECTORS. ITS STRATEGIC PRIORITY IS TO PREPARE, POSITION AND GROW THE SUPPLY OF C-SUITE EXECUTIVES PREPARED FOR CORPORATE BOARD SERVICE AND LEAD WITH RESEARCH-BASED REPORTS AND THOUGHT LEADERSHIP.

  • LCDEF ACCOMPLISHED THE FOLLOWING: GREW THE NUMBER OF BOARD ASPIRING EXECUTIVES PARTICIPATING IN THE BOARD READY INSTITUTE PROGRAMMING, OUR PROGRAM OFFERINGS HAVE ALSO EXPANDED. IN 2024, THE LCDEF CERTIFIED 76 BOARD-ASPIRING EXECUTIVES FROM ITS BOARDREADY INSTITUTE (BRI) PROGRAM. SINCE 2017, IT HAS CERTIFIED JUST OVER 375 EXECUTIVES FOR EXCELLENCE IN CORPORATE GOVERNANCE.-LCDEF ALSO LAUNCHED A NEW 20-MINUTE SERIES OF QUICK TAKE WEBINARS, PRODUCING 8 HIGHLY SOUGHT OUT VIDEOS OF BRIEF, BUT VALUABLE INSIGHTS INTO CORPORATE GOVERNANCE.-LCDEF LAUNCHED ITS FIRST-EVER, COLORADO BOARD MONITOR REPORT, HIGHLIGHTING THE STATUS OF LATINOS ON COMPANY BOARDS HEADQUARTERED IN THE STATE. 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.

    Expenses $1,067,990 · Revenue $505,948

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ana Dutra

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 related
  • Dolores Kunda

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1.5 + 1 related
  • Pedro Dejesus

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5 + 1.5 related
  • Susan Angele

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.5
  • Noramay Cadena

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Noreen Gillen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • F Daniel Siciliano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Romulo Diaz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ricardo Mora

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Gilbert Vasquez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Oswaldo Gromada Meza

    PRESIDENT/CEO

    Total calculated
    $338,963
    From this org
    $0
    From related orgs
    $324,000
    Other
    $14,963
    Hours/week
    12 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $324,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $1,763 related
    Nontaxable benefits
    $0 + $13,200 related
    Filer's total
    $0 + $338,963 related
  • Carmen Joge

    VP, PROGRAMS & OPERATIONS

    Total calculated
    $188,625
    From this org
    $0
    From related orgs
    $170,500
    Other
    $18,125
    Hours/week
    30 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $170,500 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,525 related
    Nontaxable benefits
    $0 + $9,600 related
    Filer's total
    $0 + $188,625 related
  • Monique Navarro

    ASSOCIATE VP, MARKETING &

    Total calculated
    $142,950
    From this org
    $0
    From related orgs
    $127,000
    Other
    $15,950
    Hours/week
    10 + 40 related
  • Wendy Sturley

    ASSOCIATE VP, ENGAGEMENT &

    Total calculated
    $145,304
    From this org
    $0
    From related orgs
    $126,861
    Other
    $18,443
    Hours/week
    10 + 40 related
  • Tracy Michelle Leon

    DIRECTOR OF TALENT AND DEMAND

    Total calculated
    $134,244
    From this org
    $0
    From related orgs
    $125,500
    Other
    $8,744
    Hours/week
    10 + 40 related
  • Leslie Gambrell

    DIRECTOR OF MEMBERSHIP

    Total calculated
    $115,692
    From this org
    $0
    From related orgs
    $104,176
    Other
    $11,516
    Hours/week
    10 + 40 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
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
THE ASSOCIATION'S PRESIDENT/CEO WORKS FROM HOME AND IS REIMBURSED FOR UTILITIES AND PHONE COSTS INCURRED.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
18 August 2025
IRS schema version
2024v5.2
Source object
202502319349301015

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