Latino Economic Development Center
Latino Economic Development Center reported $10.0 million in revenue and $3.9 million in expenses for calendar year 2025. Of every $100 it spent, $64.40 went to program services, $30.61 to management and general costs and $4.99 to fundraising. Its largest source of revenue was contributions and grants: 91.4% of the total. Government grants made up 71.0%. The highest compensation it reported for one person was $230,262 (Executive Director). 1 person received more than $100,000 in reportable compensation. Revenue rose 371% between 2019 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $3.9MFor context, the median across 957 covered housing & shelter charities: $89.25 programs, $10.75 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2025 · Form 990, Part VIII · total revenue $10MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 64.4% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 30.6% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 5.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 91.4% | 17.7% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 71.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 2.9% | 64.8% |
| Highest reported compensation Part VII-A, columns D–F | $230,262 | $299,181 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 5.84% | 1.59% |
| People paid over $100,000 Part VII, line 2 | 1 | 4 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 48.6 | 10.2 |
| Independent voting board members Part VI 1a–1b | 15 of 15 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2025 · Form 990, Part III · the three largest programs by expenseLEDC's Lending Program, the only Latino-focused CDFI (Community Development Fund Institution) in Minnesota and the upper Midwest, addresses the significant barriers faced by small businesses in accessing affordable capital. LEDC provides flexible underwriting standards that don't require large personal assets for collateral, and expert navigation through the complexities of capital and small business development. In 2025, LEDC's Lending program worked with clients to approve 45 loans totaling $3.5 million and leveraged $7.92 million in external capital to help our clients grow their…
LEDC's Business Development Program helps entrepreneurs prepare to launch or grow their business, including communications and marketing, budgeting, digital literacy, commercial insurance, taxation, and other areas of technical assistance. Our Business Development associates guide each member in creating their business plan and provide access to resources and education needed to meet their goals. Through direct support and referrals to specialized service providers, we support clients with their needs in finance, legal issues, technology, information technology (IT), human resources (HR)…
LEDC's Regenerative Agriculture Program provides technical assistance, business development, and access to affordable capital and markets that help beginning and established farmers and entrepreneurs start new farming or food production enterprises or grow their existing farm businesses. Additional services include Organic and GAP certification and navigating the complex system of government agriculture programs. Throughout 2025, LEDC's Regenerative Agriculture program provided technical assistance to 39 farmers and agriculture-focused businesses with 861 hours of technical assistance. With…
Highest reported compensation
2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Executive Director Officer, 40.00 hrs/week | $208,600 | $0 | $21,662 | $230,262 |
1 people received more than $100,000 in reportable compensation from Latino Economic Development Center (Part VII, line 2). Compensation of current officers, directors and key employees totaled $230K (Part IX, line 5).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b15 · 15 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 524
- Volunteers Part I, line 629
Largest outside contractors
2025 · Form 990, Part VII, Section B · businesses onlyIndividuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Private foundation grants it received
14 private foundations reported grants to Latino Economic Development Center totaling $1.4M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Latino Economic Development Center's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Latino Economic Development Center, you can publish a response that is linked from this page.
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Of every $100 Latino Economic Development Center spent in 2025, $64.40 went to programs. The full breakdown, from its IRS Form 990:
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All housing & shelter charities · Largest charities in Minnesota
Questions people ask
How much of Latino Economic Development Center's spending goes to programs?
In calendar year 2025, Latino Economic Development Center reported that 64.4% of its $3.9 million in expenses went to program services, 30.6% to management and general and 5.0% to fundraising (Form 990, Part IX).
How much does Latino Economic Development Center pay its top executive?
The largest total compensation Latino Economic Development Center reported for one person in calendar year 2025 was $230,262, for the role of Executive Director (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Latino Economic Development Center get its money?
Of $10.0 million in revenue in calendar year 2025, 91.4% came from contributions and grants (including 71.0% from government grants) and 2.9% from program service revenue (Form 990, Part VIII).
Is Latino Economic Development Center a registered charity?
The IRS lists EIN 51-0467167 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202612669349300506 · read the filing · XML
- 2024: Form 990 for calendar year 2024, object 202541689349300029 · read the filing
- 2023: Form 990 for calendar year 2023, object 202422509349300432 · read the filing
- 2022: Form 990 for calendar year 2022, object 202312989349301426 · read the filing
- 2021: Form 990 for calendar year 2021, object 202242419349300839 · read the filing
- 2020: Form 990 for calendar year 2020, object 202142329349300429 · read the filing
- 2019: Form 990 for calendar year 2019, object 202002819349301705 · read the filing
All filings for EIN 51-0467167: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.