LATINO ECONOMIC DEVELOPMENT CENTER: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- LATINO ECONOMIC DEVELOPMENT CENTER (EIN 51-0467167)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-08-20
- IRS object ID
- 202142329349300429
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-08-20T11:32:13-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 411397419 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Abdo Eick & Meyers LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5201 Eden Avenue Suite 250 | AddressLine1Txt |
| City | Edina | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55436 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 510467167 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Latino Economic Development Center | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LATI | BusinessNameControlTxt |
| Phone | 6127245332 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 804 Margaret Street | AddressLine1Txt |
| City | Saint Paul | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55106 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Henry Jimenez | PersonNm |
| Person Title | Executive Director | PersonTitleTxt |
| Phone | 6127245336 | PhoneNum |
| Signature | 2021-08-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Henry | PersonFirstNm |
| Person Last | Jimenez | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Steven D Anseth CPA | PreparerPersonNm |
| PTIN | P00552219 | PTIN |
| Phone | 9528359090 | PhoneNum |
| Preparation | 2021-08-13 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Henry Jimenez | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 804 Margaret Street | AddressLine1Txt |
| City | Saint Paul | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55106 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $12,031,174 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.ledcmn.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2003 | FormationYr |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Activity Or Mission | To transform our community by creating economic opportunity for Latinos. | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 17 | TotalEmployeeCnt |
| Total Volunteers | 46 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,150,591 | PYContributionsGrantsAmt |
| CY Contributions Grants | $11,588,164 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $94,254 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $23,931 | CYProgramServiceRevenueAmt |
| PY Investment Income | $605,475 | PYInvestmentIncomeAmt |
| CY Investment Income | $123,714 | CYInvestmentIncomeAmt |
| PY Other Revenue | $278,543 | PYOtherRevenueAmt |
| CY Other Revenue | $295,365 | CYOtherRevenueAmt |
| PY Total Revenue | $2,128,863 | PYTotalRevenueAmt |
| CY Total Revenue | $12,031,174 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $7,511,444 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $578,686 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,027,453 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $95,491 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,360,184 | PYOtherExpensesAmt |
| CY Other Expenses | $1,913,453 | CYOtherExpensesAmt |
| PY Total Expenses | $1,938,870 | PYTotalExpensesAmt |
| CY Total Expenses | $10,452,350 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $189,993 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,578,824 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $5,359,850 | TotalAssetsBOYAmt |
| Total Assets EOY | $13,979,469 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,313,177 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $10,353,972 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $2,046,673 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $3,625,497 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | To transform our community by creating economic opportunities for Latinos across the state of Minnesota. We provide a structure, support system and tool with which to promote sustainable communities. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $8,305,568 | ExpenseAmt |
| Grant | $7,166,444 | GrantAmt |
| Revenue | $273,645 | RevenueAmt |
| Desc | Business Development: 2020 was a unique and challenging year due to Covid-19 pandemic and social unrest in the Twin Cities during the summer. Restaurants, beauty salons, barber shops, fitness centers and other service providers felt the impact of these events. The Business Development team made an extraordinary effort to assist businesses throughout the state with grants and low interest loans from several programs such as DEED Small Business Emergency Loan, Small Business Relief Grant, Cultural Malls, SBA PPP, Ramsey and Hennepin counties grant programs, Twin Cities United Way grant program, etc. We were able to invest more than 2,500 hours collecting, examining, processing applications and documentation to approve, disburse grants and loans to more than 500 businesses, totaling $5,000,0000. Additionally, we provided more 1,100 hours of technical assistance to start-ups, worked and guided business owners to apply for different grant opportunities. The Business Development team also assisted more than 100 businesses with small grants, ranging from $1,000 - $5,000 on the Lake Street corridor and St. Paul. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $313,812 | ExpenseAmt |
| Revenue | $20,791 | RevenueAmt |
| Desc | Education and Training: In 2020, our team grew from 7 to 48 members. We had 295 participants enrolled in GED, ESL, micro-entrepreneurship training and business coaching sessions; and held 42 training business sessions totaling 84 hours of service or 10,164 hours of accumulated individual training. Furthermore, we trained participants on Science, Math, and Reasoning Through Language Arts portions of the GED test. This service consisted of 54 weeks with over 1,000 hours of instruction and follow up. In connection with employment services, we served 11 participants and assisted them with filing unemployment benefits and or employment search and placement. Our team delivered housing assistance to Minnesotans affected by the economic downturn resulting from the public health emergency, Covid-19. We approved and paid 2,772 housing assistance requests to 1,206 Minnesotan households in 60 counties. The total value of housing assistance delivered was: $4,712,550. Lastly, during the height of the Covid-19 pandemic, we proudly delivered over 5,000 lbs. of fresh produce to Latino families afflicted by unemployment and lack of governmental resources. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $577,425 | ExpenseAmt |
| Revenue | $148,574 | RevenueAmt |
| Desc | Lending Programs: In 2020, 57 loan applications have been approved, 53 loans were closed, 4 loan modifications, and 5 loans were paid in full. The total amount disbursed by LEDC was over 1.4 million dollars. With the approval of the 57 loans, LEDC contributed to retain 214 full/time jobs and 181 part/time jobs. Of the 53 loans closed in 2020, 49 loans totaling $1,320,000 were Small Business Emergency Loans (SBEL) closed in the three-month period between late April and mid-July. This special program was the response from Minnesota Department of Employment and Economic Development (DEED) to the Governor's executive orders in March shutting down restaurants, salons, fitness centers and other businesses. LEDC added 2 new sources of funds to the program (Women Foundation $150K and Bremer Bank $200K). In 2020, LEDC was recertified by the U.S. Treasury Department as a Community Development Financial Institution (CDFI). LEDC continues to as a certified lender under DEED's Emerging Entrepreneur Loan Program (ELP). | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $637,044 | ExpenseAmt |
| Grant | $345,000 | GrantAmt |
| Desc | Ag Development: In 2020 the LEDC Agricultural Program led the way for Latino agricultural entrepreneurs in the Twin Cities and across greater Minnesota. LEDC continued to be a complete one-stop agricultural business program for all of our clients, providing technical assistance, business development, access to capital and markets, as well as specialize in Organic and food safety certifications. In 2020, LEDC worked closely with Shared Ground Farmers' Cooperative to sell over $140,000 of Latino grown vegetables. We registered 1 new Latino farm enterprise and provided 3 Latino farm loans for a total of $65,000. Working with partners in Michigan, we helped bring $20,000 of Latino grown blueberries into the Twin Cities marketplace. LEDC began a partnership with The Good Acre, Hmong American Partnership, Lakewind's Coop, and Mill City Farmers' Market to create the LEAFF Program (Local Emergency Assistance Farmer Fund). The fund raised over $400,000 to distribute to BIPOC farmers. The program bought produce from local BIPOC farmers and then distributed all of the product for free to communities in need. The program registered 47 farmers into the program. Each farmer was able to bring up to $7,500 of any produce they have. Produce was distributed for free to over 15 sites around St. Paul and Minneapolis. LEDC Ag team did over 1,200 hours of technical assistance to 53 farms in Minnesota and Western Wisconsin. In 2020, MDA staff contacted the Latino Economic Development Center (LEDC) to help disperse $340,000 in CARES ACT funding to BIPOC Agricultural Producers and Workers in Minnesota. The split was $210,000 to Agricultural Producers for grants of up to $5,000 and $130,000 to Agricultural Workers for grants of $1,000. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $637,044 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $345,000 | TotalOtherProgSrvcGrantAmt |
| Total Program Service Expenses | $9,833,849 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 964 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 17 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Henry Jimenez | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6127245332 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 804 Margaret Street | AddressLine1Txt |
| City | Saint Paul | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55106 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|
| Henry Jimenez | ||||||
| Executive Director | 40.00 | Yes (X) | $145,000 | $0 | $25,365 | |
| Christopher Romano | ||||||
| Chair | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Maria Mejia de Boyle | ||||||
| Vice Chair | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Christina Jennings | ||||||
| Treasurer | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Uri Camarena | ||||||
| Secretary | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| Victoria Blanco | ||||||
| Director | 1.00 | $0 | $0 | $0 | Yes (X) | |
| Miguel Garate | ||||||
| Director | 1.00 | $0 | $0 | $0 | Yes (X) | |
| Ambar Hanson | ||||||
| Director | 1.00 | $0 | $0 | $0 | Yes (X) | |
| Aileen Sanchez Kasper | ||||||
| Director | 1.00 | $0 | $0 | $0 | Yes (X) | |
| Eduardo Mozqueda | ||||||
| Director | 1.00 | $0 | $0 | $0 | Yes (X) | |
| John Pacheco | ||||||
| Director | 1.00 | $0 | $0 | $0 | Yes (X) | |
| Tony Vannicola | ||||||
| Director | 1.00 | $0 | $0 | $0 | Yes (X) | |
| Carlos Lamboglia | ||||||
| Director | 1.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $145,000 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $25,365 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CliftonLarsonAllen LLP | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 776376 | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 606776376 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | Accounting | ServicesDesc |
| Compensation | $216,379 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $8,396,082 | GovernmentGrantsAmt |
| All Other Contributions | $3,192,082 | AllOtherContributionsAmt |
| Total Contributions | $11,588,164 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Other Income | 900099 | $13,921 | $13,921 |
| Program Fees | 900099 | $9,710 | $9,710 |
| Membership Dues | 900099 | $300 | $300 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $23,931 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $123,714 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $123,714 | RelatedOrExemptFuncIncomeAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $295,365 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $295,365 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $295,365 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $295,365 | RelatedOrExemptFuncIncomeAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $12,031,174 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $443,010 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,511,444 | TotalAmt |
| Program Services | $7,511,444 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $170,365 | TotalAmt |
| Program Services | $127,217 | ProgramServicesAmt |
| Management And General | $30,931 | ManagementAndGeneralAmt |
| Fundraising | $12,217 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $603,809 | TotalAmt |
| Program Services | $461,697 | ProgramServicesAmt |
| Management And General | $98,231 | ManagementAndGeneralAmt |
| Fundraising | $43,881 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $176,478 | TotalAmt |
| Program Services | $113,716 | ProgramServicesAmt |
| Management And General | $51,078 | ManagementAndGeneralAmt |
| Fundraising | $11,684 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,801 | TotalAmt |
| Program Services | $42,237 | ProgramServicesAmt |
| Management And General | $30,522 | ManagementAndGeneralAmt |
| Fundraising | $4,042 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,321 | TotalAmt |
| Program Services | $12,541 | ProgramServicesAmt |
| Management And General | $3,780 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $229,015 | TotalAmt |
| Program Services | $161,932 | ProgramServicesAmt |
| Management And General | $67,083 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $599,393 | TotalAmt |
| Program Services | $424,034 | ProgramServicesAmt |
| Management And General | $164,644 | ManagementAndGeneralAmt |
| Fundraising | $10,715 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $95,191 | TotalAmt |
| Program Services | $71,241 | ProgramServicesAmt |
| Management And General | $18,724 | ManagementAndGeneralAmt |
| Fundraising | $5,226 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $161,103 | TotalAmt |
| Program Services | $151,171 | ProgramServicesAmt |
| Management And General | $6,865 | ManagementAndGeneralAmt |
| Fundraising | $3,067 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,424 | TotalAmt |
| Program Services | $6,425 | ProgramServicesAmt |
| Management And General | $982 | ManagementAndGeneralAmt |
| Fundraising | $17 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,617 | TotalAmt |
| Program Services | $7,218 | ProgramServicesAmt |
| Management And General | $1,609 | ManagementAndGeneralAmt |
| Fundraising | $790 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $96,978 | TotalAmt |
| Program Services | $96,549 | ProgramServicesAmt |
| Management And General | $429 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $90,189 | TotalAmt |
| Program Services | $87,442 | ProgramServicesAmt |
| Management And General | $1,899 | ManagementAndGeneralAmt |
| Fundraising | $848 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,282 | TotalAmt |
| Program Services | $16,298 | ProgramServicesAmt |
| Management And General | $7,984 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Provisions for loan los | $380,863 | $380,863 | ||
| Bad debts | $103,411 | $86,511 | $16,900 | |
| Maintenance and repairs | $32,482 | $31,716 | $635 | $131 |
| Program supplies and eq | $29,719 | $20,327 | $8,683 | $709 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,465 | TotalAmt |
| Program Services | $23,270 | ProgramServicesAmt |
| Management And General | $12,031 | ManagementAndGeneralAmt |
| Fundraising | $2,164 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,452,350 | TotalAmt |
| Program Services | $9,833,849 | ProgramServicesAmt |
| Management And General | $523,010 | ManagementAndGeneralAmt |
| Fundraising | $95,491 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $428,448 | BOYAmt |
| EOY | $7,172,552 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $306,388 | BOYAmt |
| EOY | $920,851 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $780,241 | BOYAmt |
| EOY | $743,135 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,168,985 | BOYAmt |
| EOY | $2,899,981 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,311 | BOYAmt |
| EOY | $57,610 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $2,839,727 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $654,387 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,658,477 | BOYAmt |
| EOY | $2,185,340 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,359,850 | BOYAmt |
| EOY | $13,979,469 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $108,450 | BOYAmt |
| EOY | $871,402 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $3,914,392 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,798,706 | BOYAmt |
| EOY | $3,812,110 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $406,021 | BOYAmt |
| EOY | $1,756,068 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,313,177 | BOYAmt |
| EOY | $10,353,972 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,596,954 | BOYAmt |
| EOY | $2,102,066 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $449,719 | BOYAmt |
| EOY | $1,523,431 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,046,673 | BOYAmt |
| EOY | $3,625,497 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,359,850 | BOYAmt |
| EOY | $13,979,469 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $1,578,824 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,557,303 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,035,086 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $726,475 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,181,043 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $11,588,164 | CurrentTaxYearAmt |
| Total | $18,088,071 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,557,303 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,035,086 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $726,475 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,181,043 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $11,588,164 | CurrentTaxYearAmt |
| Total | $18,088,071 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $334,658 | SubstantialContributorsTotAmt |
| Public Support Total170 | $17,753,413 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $82,034 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $81,096 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $160,650 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $137,999 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $123,714 | CurrentTaxYearAmt |
| Total | $585,493 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $18,673,564 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $2,861,674 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.95070 | PublicSupportCY170Pct |
| Public Support PY170 | 0.83370 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $209,450 | OtherCostOrOtherBasisAmt |
| Book Value | $209,450 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,119,227 | OtherCostOrOtherBasisAmt |
| Depreciation | $223,531 | DepreciationAmt |
| Book Value | $1,895,696 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $170,236 | OtherCostOrOtherBasisAmt |
| Depreciation | $131,830 | DepreciationAmt |
| Book Value | $38,406 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $320,887 | OtherCostOrOtherBasisAmt |
| Depreciation | $279,099 | DepreciationAmt |
| Book Value | $41,788 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $19,927 | OtherCostOrOtherBasisAmt |
| Depreciation | $19,927 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $2,185,340 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| Security Deposits | $15,480 |
| Due to the State of Minnesota | $1,656,897 |
| Scholarship Donation Payable | $83,691 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,756,068 | TotalLiabilityAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (8 entries)
| Grant TypeGrantTypeTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|
| Agricultural Relief Grant | 182 | $345,000 | Amount of cash grant awarded |
| Rent/Mortgage/Utilities Assistance | 506 | $3,160,895 | Amount of cash grant awarded |
| Small Business Relief Grant | 289 | $2,890,000 | Amount of cash grant awarded |
| Cultural Mall | 2 | $436,713 | Amount of cash grant awarded |
| Business Relief Grants | 26 | $292,500 | Amount of cash grant awarded |
| Emergency Grants | 146 | $200,000 | Amount of cash grant awarded |
| Business Relief Grants | 59 | $93,336 | Amount of cash grant awarded |
| Business Recovery Grant | 31 | $93,000 | Amount of cash grant awarded |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | Grant funds are monitored through the use of "Customers" within QuickBooks Online. Each grant is its own customer and therefore expenses are coded to a customer along with the revenue side. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Henry Jimenez | PersonNm |
| Title | Executive Director | TitleTxt |
| Base Compensation Filing Org | $135,000 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $10,000 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $0 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $25,365 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $170,365 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 6 | Members of LEDC can receive technical assistance during the process of starting a new business or during the expansion of one already existing through advisement in the following areas: leasing contracts negotiation, business purchase or rent negotiation, business registration to the Secretary of State, accounting systems establishment, assistance regarding state permits and licenses, assistance during diagram elaboration, internet investigation of providers and distributors, searching for potential providers, and assistance with loan packages. |
| Form 990, Part VI, Section A, line 7a | There is only one class of voting rights. All members have one vote. The members elect the members of the governing body. |
| Form 990, Part VI, Section B, line 11b | The Finance Committee reviews the Form 990 and presents it to the entire Board of Directors, at which time a vote is taken to approve the Form 990. |
| Form 990, Part VI, Section B, line 12c | Board members are required to sign and document annually their understanding and compliance with the written conflict of interest policy. At board meetings, potential for conflict of interest issues are discussed whenever applicable, if necessary. |
| Form 990, Part VI, Section B, line 15a | Executive Director salary is discussed and approved by the Board of Directors. The Board of Directors determines compensation based on the latest salary tables, market performance, and employee experience and merit. |
| Form 990, Part VI, Section C, line 19 | The 990 is available for review on GuideStar.org additionally, governing documents, conflict on interest polices, and financial statements are available at the Organization's offices upon request. |
| Form 990, Part XII, Line 2c: | The Organization has a Finance Committee that reviews, approves and presents that audited financial statements to the entire Board of Directors for approval. There has been no changes in this process from the prior year. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|
| Los Lagos LLC | |||||||||
| 1501 East Lake Street Lower Level | Minneapolis | MN | 55407 | 900680336 | Commercial rental real estate for Latinos | MN | $2 | $695,414 | N/A |
| North Country Produce LLC | |||||||||
| 1516 E Lake St Suite 201 | Minneapolis | MN | 55407 | 371756530 | Commercial kitchen for program participants | MN | $67,423 | $75,925 | N/A |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | East Side Enterprise Center LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 798 Margaret Street | AddressLine1Txt |
| City | Saint Paul | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55106 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 463309623 | EIN |
| Primary Activities | Commercial rental real estate | PrimaryActivitiesTxt |
| Legal Domicile State | MN | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Latino Economic Development Center | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Predominant Income Type | Related | PredominantIncomeTypeTxt |
| Share Of Total Income | $57,237 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $419,634 | ShareOfEOYAssetsAmt |
| Disproportionate Allocations | 0 | DisproportionateAllocationsInd |
| General Or Managing Partner | Yes (1) | GeneralOrManagingPartnerInd |
| Ownership | 0.50000 | OwnershipPct |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| East Side Enterprise Center LLC | ||
| D | $209,173 | Cash less allowance |
| East Side Enterprise Center LLC | ||
| K | $35,779 | Cash |