Latino Corporate Directors Association
- Assets
- $1.1m
- Revenue
- $2.6m
- Investments
- $359.9k
- Employees
- 17
- Location
- Washington, DC
- Founding
- 04/2013
- Data as of
- 12/2023
- EIN
- 46-1866372
Organization Overview
Latino Corporate Directors Association is located in Washington, DC. The organization was established in 2013. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 12/2023, Latino Corporate Directors Association employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latino Corporate Directors Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Latino Corporate Directors Association generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 44.7% each year . All expenses for the organization totaled $2.6m during the year ending 12/2023. While expenses have increased by 54.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
LCDA SERVES AS AN ADVOCATE AND RESOURCE TO CORPORATE BOARDS, SEARCH FIRMS, PRIVATE EQUITY, AND INSTITUTIONAL INVESTORS INTERESTED IN GAINING ACCESS TO EXCEPTIONAL LATINO BOARD TALENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LCDA'S MISSION IS TO DEVELOP, SUPPORT AND INCREASE THE NUMBER OF US HISPANIC/LATINOS ON CORPORATE BOARDS. WE ACCOMPLISH THIS MISSION THROUGH SEVERAL STRATEGIC PROGRAMMATIC FOCUS AREAS: MEMBERSHIP, DEMAND, AND TALENT SERVICES.IN 2023, LCDA MADE AN IMPACT AND MARKED SIGNIFICANT ACHIEVEMENT IN SEVERAL KEY AREAS:-CELEBRATING ITS 10TH ANNIVERSARY-ELEVATING LATINO REPRESENTATION ON FORTUNE 1000 BOARDS AS IT NEARED 5%-REACHED ALMOST 600 LCDA MEMBERS, STRENGTHENING OUR INFLUENTIAL NETWORK-HOSTED OUR LARGEST ANNUAL CONVENING WITH OVER 325 ATTENDEESAS WE VENTURE INTO 2024, LCDA IS POISED TO BUILD UPON THE GROUNDWORK OF THE LCDA AND LCDEF BOARD OVER THE PAST 10 YEARS. OUR UNWAVERING FOCUS REMAINS ON INCREASING HISPANIC/LATINO REPRESENTATION IN AMERICA'S CORPORATE BOARDROOMS. WITH OUR MEMBERS AND PARTNERS, WE CONTINUE TO CULTIVATE THE LARGEST AND MOST POWERFUL NETWORK OF ACCOMPLISHED LATINO DIRECTORS AND LEADERS AT THE PINNACLE OF CORPORATE GOVERNANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Oliver-Farrow Chair | OfficerTrustee | 1.5 | $0 |
Jose Rodriguez First Vice Chair | OfficerTrustee | 1.5 | $0 |
Adis Maria Vila Second Vice Chair | OfficerTrustee | 1.5 | $0 |
Ana Dutra Secretary | OfficerTrustee | 1.5 | $0 |
Pedro Dejesus Treasurer | OfficerTrustee | 1.5 | $0 |
Joe Alvarado Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,200,730 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,200,730 |
| Total Program Service Revenue | $1,413,868 |
| Investment income | $13,831 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,637,132 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $425,269 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,210,722 |
| Pension plan accruals and contributions | $34,874 |
| Other employee benefits | $117,060 |
| Payroll taxes | $117,888 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $63,758 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $138,620 |
| Advertising and promotion | $12,956 |
| Office expenses | $88,639 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $480 |
| Travel | $40,255 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $318,323 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,580 |
| All other expenses | $34,385 |
| Total functional expenses | $2,604,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,089 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $111,500 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,541 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $411,564 |
| Investments—other securities | $359,875 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,130,569 |
| Accounts payable and accrued expenses | $103,055 |
| Grants payable | $0 |
| Deferred revenue | $49,350 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,358 |
| Total liabilities | $155,763 |
| Net assets without donor restrictions | $974,806 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,130,569 |