Latino Corporate Directors Education Foundation
- Assets
- $678.2k
- Revenue
- $1.2m
- Investments
- $289.6k
- Employees
- 0
- Location
- Washington, DC
- Founding
- 03/2013
- Data as of
- 12/2023
- EIN
- 46-1875686
Organization Overview
Latino Corporate Directors Education Foundation is located in Washington, DC. The organization was established in 2013. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latino Corporate Directors Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Latino Corporate Directors Education Foundation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. 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
THE LATINO CORPORATE DIRECTORS EDUCATION FOUNDATION (LCDEF) IS THE AFFILIATED FOUNDATION OF LCDA. TOGETHER WITH LCDA, THE FOUNDATION IS COMMITTED TO PAVING THE WAY FOR THE NEXT GENERATION OF US LATINA AND LATINO CORPORATE DIRECTORS. ITS STRATEGIC PRIORITY IS TO PREPARE, POSITION AND GROW THE SUPPLY OF LATINO C-SUITE EXECUTIVES PREPARED FOR CORPORATE BOARD SERVICE AND LEAD WITH RESEARCH-BASED REPORTS AND THOUGHT LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LCDEF ACCOMPLISHED THE FOLLOWING: GREW THE NUMBER OF BOARD ASPIRING EXECUTIVES PARTICIPATING IN THE BOARD READY INSTITUTE PROGRAMMING, OUR PROGRAM OFFERINGS HAVE ALSO EXPANDED. THE BRI OFFERS LCDA MEMBERS TWO CONCURRENT PROGRAM TRACKS: THE CORE BRI AND THE NEXT-LEVEL BRINEXT: THE BRI CORE PROGRAM IS DESIGNED TO PREPARE EXECUTIVES TO BEGIN THEIR JOURNEY TO THE BOARDROOM AND BE BEST POSITIONED TO SERVE AS A VETTED TALENT POOL FOR CORPORATE BOARD SERVICE. THE PROGRAM IS TARGETED AT NEW EXECUTIVE MEMBERS WHO HAVE NOT COMPLETED BOARD-READY PROGRAMMING OR DIRECTORS WHO ARE SERVING ON THEIR FIRST PRIVATE BOARD (LESS THAN 2 YEARS). BRINEXT IS NEXT LEVEL PROGRAMMING DESIGNED TO TAKE EXECUTIVES ON A DEEPER DIVE INTO CORPORATE GOVERNANCE EDUCATION WITH A SPECIFIC FOCUS ON BEING AN EFFECTIVE BOARD DIRECTOR AT THE COMMITTEE LEVEL. THIS PROGRAM IS TARGETED AT FIRST-TIME DIRECTORS (LESS THAN 5 YEARS) AND EXECUTIVE MEMBERS WHO COMPLETED BRI CORE PROGRAMMING IN PREVIOUS YEAR(S) OR OTHER BOARD-READINESS PROGRAMS THROUGH OTHER SOURCES.LCDEF'S PREMIERE BOARDREADY INSTITUTE (BRI) IS A COMPREHENSIVE SET OF EXCLUSIVE PROGRAMS - BRI CORE AND BRINEXT - UNIQUELY DESIGNED TO PREPARE NEW AND ASPIRING DIRECTORS FOR BOARDROOM SUCCESS. THERE IS NO OTHER PROGRAMMING OF THIS SCOPE FOCUSED ON ACCELERATING THE DEVELOPMENT AND PLACEMENT OF HIGHLY CREDENTIALED LATINOS ONTO THE HIGHEST LEVELS OF CORPORATE GOVERNANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ana Dutra Co-Chair | OfficerTrustee | 1.5 | $0 |
Dolores Kunda Co-Chair | OfficerTrustee | 1.5 | $0 |
Pedro Dejesus Treasurer | OfficerTrustee | 1.5 | $0 |
Susan Angele Secretary | OfficerTrustee | 1.5 | $0 |
Noramay Cadena Director | Trustee | 1 | $0 |
Noreen Gillen 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 | $814,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $814,200 |
| Total Program Service Revenue | $364,525 |
| Investment income | $11,922 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $580 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,191,227 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,163,569 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $186 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $111,653 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,275,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,448 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $50,000 |
| 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 | $3,438 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $265,405 |
| Investments—other securities | $289,572 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,358 |
| Total assets | $678,221 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $54,367 |
| 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 | $0 |
| Total liabilities | $54,367 |
| Net assets without donor restrictions | $623,854 |
| 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 | $678,221 |