Latinx Education Collaborative
- Assets
- $601.1k
- Revenue
- $903.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Kansas City, MO
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 83-2401297
Organization Overview
Latinx Education Collaborative is located in Kansas City, MO. The organization was established in 2018. 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 12/2022, Latinx Education Collaborative employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latinx Education Collaborative 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 12/2022, Latinx Education Collaborative generated $903.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 45.2% each year . All expenses for the organization totaled $593.8k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LEC WORKS TO INCREASE THE REPRESENTATION OF LATINX EDUCATORS IN K-12
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACHER RETENTION: LEC DESIGNS AND IMPLEMENTS PERSONAL AND PROFESSIONAL DEVELOPMENT ACTIVITIES THAT RETAIN LATINX EDUCATORS.
COMPUTER EQUIPMENT
YOUTH ENGAGEMENT: LEC WORKS WITH STUDENTS TO ENCOURAGE STUDENTS TO BECOME TEACHERS.
SCHOOL COLLABORATION: LEC WORKS WITH SCHOOLS AND DISTRICTS TO SUPPORT THEIR RETENTION AND RECRUITMENT EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edgar Palacios President & | Officer | 40 | $60,300 |
Tom Vander Ark Director | Trustee | 2.5 | $0 |
Cecilia Belser-Patton Director | Trustee | 2.5 | $0 |
Irene Caudillo Board Chair | Trustee | 2.5 | $0 |
Roberto Diaz Director | Trustee | 2.5 | $0 |
Robert Simmons III Edd Director | Trustee | 2.5 | $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 | $883,962 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $883,962 |
| Total Program Service Revenue | $19,420 |
| Investment income | $0 |
| 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 | $903,382 |
| 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 | $309,859 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,022 |
| Payroll taxes | $24,670 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $48,102 |
| 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 | $56,715 |
| Advertising and promotion | $23,186 |
| Office expenses | $7,882 |
| Information technology | $14,173 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,598 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,616 |
| All other expenses | $24,133 |
| Total functional expenses | $593,817 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $593,599 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $5,405 |
| Net Land, buildings, and equipment | $2,140 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $601,144 |
| Accounts payable and accrued expenses | $1,493 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,207 |
| Total liabilities | $2,700 |
| Net assets without donor restrictions | $598,444 |
| 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 | $601,144 |