LATINO ECONOMIC DEVELOPMENT CENTER

SAINT PAUL, MN, 55106-5019 (612) 724-5336 Est. 2003 EIN 51-0467167

L99 - Housing & Shelter N.E.C. 990 - Public charity return 501(c)(3)

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.

Financials

Total Revenue

$4,365,246

Total Expenses

$3,997,678

Net Assets

$9,851,691

24 employees 23 volunteers

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

2.5 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 37.6%

Expenses ↑ 13.7%

Revenue Sources

Contributions 84.8% Earned revenue 7.1% Investment 9.1%

Expense Breakdown

Program 65.2% Management 33.0% Fundraising 1.9%

Officers & Key Employees (17)

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Grants Received (148)

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Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$4,365,246 ↓	$3,997,678	$9,851,691
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$6,991,102 ↑	$3,516,316	$9,957,885
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$4,726,530 ↓	$4,491,158	$6,483,099
2021 990 - Public charity return Jan 1, 2021 to Dec 31, 2021	$19,528,644 ↑	$16,906,414	$6,247,727
2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020	$12,031,174 ↑	$10,452,350	$3,625,497
2018 990 - Public charity return Jan 1, 2018 to Dec 31, 2018	$1,250,612	$1,892,714	$1,826,739