LATINO ECONOMIC DEVELOPMENT CENTER: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- LATINO ECONOMIC DEVELOPMENT CENTER (EIN 51-0467167)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-10-07
- IRS object ID
- 202002819349301705
- Schema version
- 2019v5.1
- 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 | 2020-10-07T15:53:35-05:00 | ReturnTs |
| Tax Period End | 2019-12-31 | 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 | 2019-01-01 | 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 | 2020-10-07 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Steven D Anseth CPA | PreparerPersonNm |
| PTIN | P00552219 | PTIN |
| Phone | 9528359090 | PhoneNum |
| Preparation | 2020-10-05 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 64.88.174.3 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-10-07 | IPDt |
| IP Tm | 14:46:34 | IPTm |
| IP Timezone | CD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 6879FA90983B70ADDDB937C09D2C9BB5FC8FDFFF | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | CB277B1F468BA9DF646D412E3449A8BD0EE2D41D | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | 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 | $2,861,674 | 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 | 13 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 9 | TotalEmployeeCnt |
| Total Volunteers | 18 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $724,565 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,150,591 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $525,717 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $94,254 | CYProgramServiceRevenueAmt |
| PY Investment Income | $0 | PYInvestmentIncomeAmt |
| CY Investment Income | $605,475 | CYInvestmentIncomeAmt |
| PY Other Revenue | $330 | PYOtherRevenueAmt |
| CY Other Revenue | $278,543 | CYOtherRevenueAmt |
| PY Total Revenue | $1,250,612 | PYTotalRevenueAmt |
| CY Total Revenue | $2,128,863 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $453,017 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $578,686 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $63,296 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,439,697 | PYOtherExpensesAmt |
| CY Other Expenses | $1,360,184 | CYOtherExpensesAmt |
| PY Total Expenses | $1,892,714 | PYTotalExpensesAmt |
| CY Total Expenses | $1,938,870 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$642,102 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $189,993 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $5,409,522 | TotalAssetsBOYAmt |
| Total Assets EOY | $5,359,850 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,582,783 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,313,177 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,826,739 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $2,046,673 | 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 | Yes (1) | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $482,845 | ExpenseAmt |
| Revenue | $823,120 | RevenueAmt |
| Desc | Business Development: Through its monthly business orientation sessions, LEDC provided information to entrepreneurs on the basics of starting a business feasibility steps, how LEDC can assist in the process, and the benefits of becoming a member of LEDC. Through LEDC micro-entrepreneur trainings, there is a session that provides information on how to prepare for a business loan either through LEDC, a traditional lender (i.e. a bank), or a non-traditional lender (i.e. another community development non-profit organization). Over 1,000 hours of technical assistance were provided to start-up and existing businesses in twin cities area and more than 200 hours in greater Minnesota. LEDC provides a wide range of services for new and expanding businesses through one-on-one coaching. Areas of coaching include business planning, financial matters, cash flow needs, financial statements interpretation and marketing. Technical assistance is offered to clients when they are ready to start the process of becoming business owners. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $154,109 | ExpenseAmt |
| Revenue | $135 | RevenueAmt |
| Desc | Education and Training: In 2019, 94 people participated in 41 micro-entrepreneurship training sessions, totaling 82 hours of training and 3,952 hours of accumulated individual training. Aspiring entrepreneurs received additional support from our business development team, which consisted in 260 hours of technical assistance, 195 hours of assessment support, and 233 hours of follow up through outreach. In total, our clients received 4,640 hours of business development support.Our academy also provided GED and English classes. Outcomes for these programs are as follows: We served 31 students in our GED program. We provided 96 sessions, totaling 768 hours of group training, and 11,904 hours of cumulative training.Lastly, we served 5 students in our ESL program. We provided 20 training sessions, totaling 40 hours of group training and 200 hours of cumulative training. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $200,752 | ExpenseAmt |
| Revenue | $155,304 | RevenueAmt |
| Desc | Lending Programs: For 2019, 14 loan packages were approved and closed, totaling $659,791.00 disbursed by LEDC. The funds for these loans came from LEDC's loan pool. Fifteen loans were paid in full. Through partnerships, additional funds were leveraged from state programs, local banks and community lenders. Over 90K came from DEED/ELP as matching funds. 27 thousand disbursed by RFA in loans for farmers. Over 2 million dollar leveraged. 2019 CDFI Certified Lender. From its creation until 12/31/19, LEDC has disbursed over 5 million dollars to support Latino owned businesses. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $426,354 | ExpenseAmt |
| Desc | Ag Development: LEDC continued to promote agricultural farm business development among immigrant vegetable growers and livestock small producers, providing services to individual Latino farmers, farmers in cooperatives, and prospective farmers. Over 1,500 hours of technical assistance were provided to 26 farmers and 5 stockmen. LEDC also worked to support a multi-cultural agricultural marketing cooperative which included (7) Latino and (1) non-Latino farmers working together to pool resources and land accounts they could not achieve on their own. LEDC was a key player in creating a link between Latino blueberry growers in Michigan with a Latino-owned farmers' cooperative in Minnesota. This led to $85,000 of blueberry sales for Michigan farmers in Minnesota markets. LEDC played a key sponsorship and advisory role in the Emerging Farmers Conference, the nation's premiere farmer's conference geared towards BIPOC and Immigrant farmers. More than 200 farmers attended the Conference over two days. LEDC processed loans for eight farmers and continued to create close relationships with Minnesota's Rural Finance Authority and Farm Service Agency. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $426,354 | TotalOtherProgSrvcExpenseAmt |
| Total Program Service Expenses | $1,264,060 | 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 | Yes (1) | 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 | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | 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 | 27 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 9 | 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 | 13 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | 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 | 0 | 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 (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| Christopher Romano | ||||||
| Chair | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Maria Mejia de Boyle | ||||||
| Vice Chair | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Christina Jennings | ||||||
| Treasurer | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Uri Camarena | ||||||
| Secretary | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Victoria Blanco | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Miguel Garate | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Ambar Hanson | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Aileen Kasper | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Eduardo Mozqueda | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| John Pacheco | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Tony Vannicola | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Andre Goodlet | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Sonia Ortega | ||||||
| Director | 1.00 | Yes (X) | $0 | $0 | $0 | |
| Henry Jimenez | ||||||
| Executive Director | 40.00 | Yes (X) | $122,500 | $0 | $18,542 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $122,500 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $18,542 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | 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 | $121,040 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $11,000 | FundraisingAmt |
| Government Grants | $599,336 | GovernmentGrantsAmt |
| All Other Contributions | $540,255 | AllOtherContributionsAmt |
| Total Contributions | $1,150,591 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Other Income | 900099 | $71,524 | $71,524 |
| Program Fees | 900099 | $21,380 | $21,380 |
| Membership Dues | 900099 | $1,350 | $1,350 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $94,254 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $137,999 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $137,999 | RelatedOrExemptFuncIncomeAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $278,830 | 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 | $278,830 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $278,830 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $278,830 | RelatedOrExemptFuncIncomeAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $1,200,000 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $732,524 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $467,476 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $467,476 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $467,476 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $11,000 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $287 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$287 | TotalRevenueColumnAmt |
| Exclusion | -$287 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,128,863 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $978,559 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$287 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $141,042 | TotalAmt |
| Program Services | $71,743 | ProgramServicesAmt |
| Management And General | $59,801 | ManagementAndGeneralAmt |
| Fundraising | $9,498 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $292,969 | TotalAmt |
| Program Services | $147,354 | ProgramServicesAmt |
| Management And General | $126,076 | ManagementAndGeneralAmt |
| Fundraising | $19,539 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,460 | TotalAmt |
| Program Services | $779 | ProgramServicesAmt |
| Management And General | $578 | ManagementAndGeneralAmt |
| Fundraising | $103 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $100,358 | TotalAmt |
| Program Services | $53,570 | ProgramServicesAmt |
| Management And General | $39,741 | ManagementAndGeneralAmt |
| Fundraising | $7,047 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $42,857 | TotalAmt |
| Program Services | $16,326 | ProgramServicesAmt |
| Management And General | $24,352 | ManagementAndGeneralAmt |
| Fundraising | $2,179 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,313 | TotalAmt |
| Program Services | $8,313 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,099 | TotalAmt |
| Program Services | $4,438 | ProgramServicesAmt |
| Management And General | $8,661 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $169,045 | TotalAmt |
| Program Services | $105,136 | ProgramServicesAmt |
| Management And General | $63,909 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $387,404 | TotalAmt |
| Program Services | $231,863 | ProgramServicesAmt |
| Management And General | $136,217 | ManagementAndGeneralAmt |
| Fundraising | $19,324 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,376 | TotalAmt |
| Program Services | $36,274 | ProgramServicesAmt |
| Management And General | $19,972 | ManagementAndGeneralAmt |
| Fundraising | $1,130 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,850 | TotalAmt |
| Program Services | $2,850 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $173,367 | TotalAmt |
| Program Services | $155,245 | ProgramServicesAmt |
| Management And General | $16,393 | ManagementAndGeneralAmt |
| Fundraising | $1,729 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,319 | TotalAmt |
| Program Services | $27,914 | ProgramServicesAmt |
| Management And General | $11,543 | ManagementAndGeneralAmt |
| Fundraising | $862 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,663 | TotalAmt |
| Program Services | $2,828 | ProgramServicesAmt |
| Management And General | $3,724 | ManagementAndGeneralAmt |
| Fundraising | $111 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $104,204 | TotalAmt |
| Program Services | $104,204 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $99,749 | TotalAmt |
| Program Services | $95,792 | ProgramServicesAmt |
| Management And General | $3,579 | ManagementAndGeneralAmt |
| Fundraising | $378 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $23,071 | TotalAmt |
| Program Services | $20,428 | ProgramServicesAmt |
| Management And General | $2,643 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Bad debts | $137,712 | $79,458 | $58,254 | |
| Maintenance and repairs | $54,574 | $50,765 | $3,448 | $361 |
| Program supplies and eq | $34,159 | $24,740 | $9,419 | |
| Publications | $29,875 | $18,305 | $10,535 | $1,035 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,404 | TotalAmt |
| Program Services | $5,735 | ProgramServicesAmt |
| Management And General | $12,669 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,938,870 | TotalAmt |
| Program Services | $1,264,060 | ProgramServicesAmt |
| Management And General | $611,514 | ManagementAndGeneralAmt |
| Fundraising | $63,296 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $918,508 | BOYAmt |
| EOY | $428,448 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $197,590 | BOYAmt |
| EOY | $306,388 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,349 | BOYAmt |
| EOY | $780,241 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,180,345 | BOYAmt |
| EOY | $2,168,985 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,537 | BOYAmt |
| EOY | $17,311 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $2,224,258 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $565,781 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,046,500 | BOYAmt |
| EOY | $1,658,477 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,693 | BOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,409,522 | BOYAmt |
| EOY | $5,359,850 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $76,849 | BOYAmt |
| EOY | $108,450 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,156,581 | BOYAmt |
| EOY | $2,798,706 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $349,353 | BOYAmt |
| EOY | $406,021 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,582,783 | BOYAmt |
| EOY | $3,313,177 | 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 | -$82,245 | BOYAmt |
| EOY | $1,596,954 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,908,984 | BOYAmt |
| EOY | $449,719 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,826,739 | BOYAmt |
| EOY | $2,046,673 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,409,522 | BOYAmt |
| EOY | $5,359,850 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $189,993 | ReconcilationRevenueExpnssAmt |
| Donated Services And Use Fclts | $30,452 | DonatedServicesAndUseFcltsAmt |
| Prior Period Adjustments | -$511 | PriorPeriodAdjustmentsAmt |
| 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 | $2,140,717 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,557,303 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,035,086 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $726,475 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,181,043 | CurrentTaxYearAmt |
| Total | $8,640,624 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,140,717 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,557,303 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,035,086 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $726,475 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,181,043 | CurrentTaxYearAmt |
| Total | $8,640,624 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $1,016,115 | SubstantialContributorsTotAmt |
| Public Support Total170 | $7,624,509 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $42,436 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $82,034 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $81,096 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $160,650 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $137,999 | CurrentTaxYearAmt |
| Total | $504,215 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $9,144,839 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $2,861,674 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.83370 | PublicSupportCY170Pct |
| Public Support PY170 | 0.89080 | 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 | $1,527,287 | OtherCostOrOtherBasisAmt |
| Depreciation | $178,242 | DepreciationAmt |
| Book Value | $1,349,045 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $170,236 | OtherCostOrOtherBasisAmt |
| Depreciation | $107,511 | DepreciationAmt |
| Book Value | $62,725 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $297,358 | OtherCostOrOtherBasisAmt |
| Depreciation | $260,101 | DepreciationAmt |
| Book Value | $37,257 | 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 | $1,658,477 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| Security Deposits | $16,010 |
| Due to the State of Minnesota | $306,320 |
| Scholarship Donation Payable | $83,691 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $406,021 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part X, Line 2: | FormAndLineReferenceDesc |
| Explanation | The Organization is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and Minnesota Statute 290.05. Accordingly, no provision for income taxes is included in these financial statements. Because the Organization is a public charity, contributions to it may be deductible for tax purposes. Los Lagos, LLC and North Country Produce, LLC and are single member LLC's. Single member LLC's are disregarded for income tax reporting. Accordingly, their activity is included in LEDC's informational return. East Side Enterprise Center, LLC is not a taxpaying entity. All tax effects of the LLC are passed through to the members to be reported on their separate income tax returns. As of December 31, 2019 and 2018, the Organization has not identified any tax positions that qualify for either recognition or disclosure in the financial statements. No income tax jurisdictions have commenced any examinations of the Organization as of December 31, 2019. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, line 2 | Ag Development: LEDC continued to promote agricultural farm business development among immigrant vegetable growers and livestock small producers, providing services to individual Latino farmers, farmers in cooperatives, and prospective farmers. Over 1,500 hours of technical assistance were provided to 26 farmers and 5 stockmen. LEDC also worked to support a multi-cultural agricultural marketing cooperative which included (7) Latino and (1) non-Latino farmers working together to pool resources and land accounts they could not achieve on their own. LEDC was a key player in creating a link between Latino blueberry growers in Michigan with a Latino-owned farmers' cooperative in Minnesota. This led to $85,000 of blueberry sales for Michigan farmers in Minnesota markets. LEDC played a key sponsorship and advisory role in the Emerging Farmers Conference, the nation's premiere farmer's conference geared towards BIPOC and Immigrant farmers. More than 200 farmers attended the Conference over two days. LEDC processed loans for eight farmers and continued to create close relationships with Minnesota's Rural Finance Authority and Farm Service Agency. |
| 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 C, line 19 | The 990 is available for review on GuideStar.org additionally, governing documents, conflict on interest polices, and finacial statements are available at the Organization's offices upon request. |
| Form 990, Part IX, line 11g | Consulting - Business: Program service expenses 27,486. Management and general expenses 16,708. Fundraising expenses 0. Total expenses 44,194. Consulting - Training: Program service expenses 32,664. Management and general expenses 19,856. Fundraising expenses 0. Total expenses 52,520. Consulting - General: Program service expenses 160,846. Management and general expenses 78,446. Fundraising expenses 1,040. Total expenses 240,332. Computer Support Fees: Program service expenses 7,847. Management and general expenses 15,314. Fundraising expenses 0. Total expenses 23,161. Payroll Processing Fees : Program service expenses 2,172. Management and general expenses 4,239. Fundraising expenses 0. Total expenses 6,411. Professional Fees - General: Program service expenses 848. Management and general expenses 1,654. Fundraising expenses 0. Total expenses 2,502. Technical Assistance Fees: Program service expenses 0. Management and general expenses 0. Fundraising expenses 18,284. Total expenses 18,284. |
| 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 | $506,023 | $695,558 | N/A |
| North Country Produce LLC | |||||||||
| 1516 E Lake St Suite 201 | Minneapolis | MN | 55407 | 371756530 | Commercial kitchen for program participants | MN | $86,690 | $108,974 | 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 | $58,993 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $427,434 | 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 | $199,171 | Cash less allowance |
| East Side Enterprise Center LLC | ||
| K | $43,976 | Cash |