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Latino Community Development Center

Durham, NC · EIN 82-0551614 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Latino Community Development Center reported $65.3 million in revenue and $5.2 million in expenses for calendar year 2024. Of every $100 it spent, $96.02 went to program services, $3.98 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 99.9% of the total. The highest compensation it reported for one person was $464,489 (CEO). Revenue rose 53779% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $5.2M

For context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $65M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 3,614 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
96.0%87.2%
Management & general
Part IX 25(C) ÷ 25(A)
4.0%11.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.2%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
99.9%20.6%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%2.4%
Program service revenue share
Part VIII 2g ÷ 12
0.0%70.8%
Highest reported compensation
Part VII-A, columns D–F
$464,489$274,992
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
8.88%1.18%
People paid over $100,000
Part VII, line 2
06
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
141.76.9
Independent voting board members
Part VI 1a–1b
3 of 4100.0%

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

2024 · Form 990, Part III · the three largest programs by expense
$24,337 expenses · 0.5% of program spending

Provide financial education to low income communities traditionally denied access to financial services. There were 1,097 participants in the financial education program and 373 graduates of the workshop series in 2024

$5.0M expenses · 99.5% of program spending · grants $5.0M

Provide access to financial services to low income communities traditionally left out of the financial services sector

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CEO
Director/trustee, 1.00 hrs/week
$0$436,658$27,831$464,489
CFO
Officer, 1.00 hrs/week
$0$264,876$29,475$294,351

0 people received more than $100,000 in reportable compensation from Latino Community Development Center (Part VII, line 2).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$20M$40M$60M$80M201920202021202220232024$65M$5.2M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$65M$5.2M96.0%$62M$464,489
2023 ⓘ$327K$216K57.1%$1.7M$464,541
2022 ⓘ$277K$928K96.2%$1.6M$488,035
2021 ⓘ$1.6M$478K92.6%$2.3M$465,814
2020 ⓘ$11M$10M99.7%$1.1M$415,626
2019 ⓘ$121K$43,87757.7%$1.1M$401,882

Governance answers, as filed

2024 · 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–1b4 · 3 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 15aNo
  • 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 50
  • Volunteers Part I, line 69

Private foundation grants it received

1 private foundation reported grants to Latino Community Development Center totaling $83,333 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 Community 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 Community Development Center, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All human services charities · Largest charities in North Carolina

Questions people ask

How much of Latino Community Development Center's spending goes to programs?

In calendar year 2024, Latino Community Development Center reported that 96.0% of its $5.2 million in expenses went to program services, 4.0% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Latino Community Development Center pay its top executive?

The largest total compensation Latino Community Development Center reported for one person in calendar year 2024 was $464,489, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Latino Community Development Center get its money?

Of $65.3 million in revenue in calendar year 2024, 99.9% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Latino Community Development Center a registered charity?

The IRS lists EIN 82-0551614 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. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202503109349300025 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202413209349312241 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202333139349305463 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202243149349305654 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202103129349302855 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202013179349303881 · read the filing

All filings for EIN 82-0551614: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.