Latin Americans For Social And Economic Development Inc

Detroit, MI
Tax-exempt since July 1969
EIN: 38-1892670

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$1.25M (2022)

Expenses

$1.01M (2022)

Total Assets

$1.94M (2022)

Total Liabilities

$187k (2022)

Source: Form 990 tax filings from 2010 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Revenue

$1,251,971

Expenses

$1,005,732

Net Income

$246,239

Net Assets

$1,749,629

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$996,622	79.6%
Program Services	$21,436	1.7%
Investment Income	$17,361	1.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$99,988	8.0%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$116,564	9.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$76,103	7.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$481,745	47.9%

Assets/Debt
Total Assets	$1,936,798
Total Liabilities	$187,169
Net Assets	$1,749,629

Compensation

Key Employees and Officers	Compensation	Related	Other
Juanita Hernandez (Board Member)	$0	$0	$0
Eva Garza Dewaelsche (Board Member)	$0	$0	$0
David Sanchez (Board Member)	$0	$0	$0
Patricia Perez Fresard (Board Member)	$0	$0	$0
Linda Clark (Board Member)	$0	$0	$0
Ago Benavides (Board Member)	$0	$0	$0
Kenneth Dobson (Board Member)	$0	$0	$0
Omar Hernandez (Board Member)	$0	$0	$0
Jim Joaquin (Vice Chair)	$0	$0	$0
Aaron Munoz (Treasurer)	$0	$0	$0
Jane Garcia (Chair)	$0	$0	$0
Laura Reyes Kopack (President And Legal Counsel)	$0	$0	$0
Belda Garza (Secretary)	$0	$0	$0

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990

Filed on Nov. 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending Dec.
2021

Revenue

$989,377

Expenses

$983,268

Net Income

$6,109

Net Assets

$1,503,390

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$607,155	61.4%
Program Services	$20,494	2.1%
Investment Income	$14,221	1.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$347,507	35.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$70,121	7.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$445,817	45.3%

Assets/Debt
Total Assets	$1,539,201
Total Liabilities	$35,811
Net Assets	$1,503,390

Compensation

Key Employees and Officers	Compensation	Related	Other
Patricia Fresard (Board Member)	$0	$0	$0
Jim Joaquin (Board Member)	$0	$0	$0
David Sanchez (Board Member)	$0	$0	$0
Linda Clark (Board Member)	$0	$0	$0
Omar Hernandez (Board Member)	$0	$0	$0
Kenneth Dobson (Board Member)	$0	$0	$0
Laura Reyes Kopack (Board Member)	$0	$0	$0
Eva Garza Dewaelsche (Board Member)	$0	$0	$0
Juanita Hernandez (Board Member)	$0	$0	$0
Jane Garcia (Vice Chair)	$0	$0	$0
Ago Benavides (Chair)	$0	$0	$0
Belda Garza (Secretary)	$0	$0	$0
Aaron Munoz (Treasurer)	$0	$0	$0
Mary Carmen Munoz (Executive Director)	$0	$0	$0

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990

Filed on Nov. 14, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$846,361

Expenses

$783,401

Net Income

$62,960

Net Assets

$1,497,281

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$675,743	79.8%
Program Services	$18,478	2.2%
Investment Income	$18,799	2.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$111,789	13.2%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$21,552	2.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$58,966	7.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$317,860	40.6%

Assets/Debt
Total Assets	$1,516,381
Total Liabilities	$19,100
Net Assets	$1,497,281

Compensation

Key Employees and Officers	Compensation	Related	Other
Juanita Hernandez (Trustee)	$0	$0	$0
Eva Garza Dewaelsche (Trustee)	$0	$0	$0
Patricia Perez Fresard (Trustee)	$0	$0	$0
Kenneth Dobson (Trustee)	$0	$0	$0
David Sanchez (Trustee)	$0	$0	$0
Linda A Clark (Trustee)	$0	$0	$0
Omar Hernandez (Trustee)	$0	$0	$0
Jim Joaquin (Trustee)	$0	$0	$0
Laura Reyes Kopack (Trustee)	$0	$0	$0
Agoberto Benavides (Chairman)	$0	$0	$0
Jane C Garcia (Vice President)	$0	$0	$0
Aaron Munoz (Treasurer)	$0	$0	$0
Belda Garza (Secretary)	$0	$0	$0

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990

Filed on Nov. 14, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$883,748

Expenses

$859,405

Net Income

$24,343

Net Assets

$1,434,321

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$655,951	74.2%
Program Services	$39,892	4.5%
Investment Income	$14,790	1.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$138,899	15.7%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$34,216	3.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$54,005	6.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$384,075	44.7%

Assets/Debt
Total Assets	$1,462,946
Total Liabilities	$28,625
Net Assets	$1,434,321

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

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Fiscal Year Ending Dec.
2018

Revenue

$825,009

Expenses

$433,766

Net Income

$391,243

Net Assets

$1,409,978

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$451,404	54.7%
Program Services	$31,156	3.8%
Investment Income	$15,060	1.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$278,576	33.8%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$48,813	5.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,441,655
Total Liabilities	$31,677
Net Assets	$1,409,978

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Revenue

$790,513

Expenses

$843,863

Net Income

-$53,350

Net Assets

$1,418,136

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$560,005	70.8%
Program Services	$39,195	5.0%
Investment Income	$15,320	1.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$122,536	15.5%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$53,457	6.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$53,852	6.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$348,875	41.3%

Assets/Debt
Total Assets	$1,449,318
Total Liabilities	$31,182
Net Assets	$1,418,136

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Revenue

$776,065

Expenses

$856,421

Net Income

-$80,356

Net Assets

$1,471,487

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$610,271	78.6%
Program Services	$46,720	6.0%
Investment Income	$15,074	1.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$70,271	9.1%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$33,729	4.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$52,007	6.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$336,527	39.3%

Assets/Debt
Total Assets	$1,502,062
Total Liabilities	$30,575
Net Assets	$1,471,487

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$680,388

Expenses

$750,181

Net Income

-$69,793

Net Assets

$1,551,842

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$463,170	68.1%
Program Services	$57,146	8.4%
Investment Income	$16,976	2.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$45,110	6.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$48,910	6.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$280,686	37.4%

Assets/Debt
Total Assets	$1,577,846
Total Liabilities	$26,004
Net Assets	$1,551,842

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$655,266

Expenses

$636,974

Net Income

$18,292

Net Assets

$1,621,636

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$457,595	69.8%
Program Services	$60,068	9.2%
Investment Income	$13,467	2.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$124,136	18.9%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$72,742	11.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$189,872	29.8%

Assets/Debt
Total Assets	$1,662,074
Total Liabilities	$40,438
Net Assets	$1,621,636

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$780,481

Expenses

$568,741

Net Income

$211,740

Net Assets

$1,603,344

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$468,602	60.0%
Program Services	$214,887	27.5%
Investment Income	$12,302	1.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$84,690	10.9%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$40,790	7.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$172,084	30.3%

Assets/Debt
Total Assets	$1,620,396
Total Liabilities	$17,052
Net Assets	$1,603,344

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$444,574

Expenses

$639,634

Net Income

-$195,060

Net Assets

$1,391,604

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$346,884	78.0%
Program Services	$32,800	7.4%
Investment Income	$12,354	2.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$49,370	11.1%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,166	0.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$70,009	10.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$191,079	29.9%

Assets/Debt
Total Assets	$1,406,997
Total Liabilities	$15,393
Net Assets	$1,391,604

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$505,836

Expenses

$655,973

Net Income

-$150,137

Net Assets

$1,586,664

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$376,780	74.5%
Program Services	$52,137	10.3%
Investment Income	$14,950	3.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$61,969	12.3%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$70,009	10.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$190,548	29.0%

Assets/Debt
Total Assets	$1,600,404
Total Liabilities	$13,740
Net Assets	$1,586,664

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Revenue

$662,485

Expenses

$769,977

Net Income

-$107,492

Net Assets

$1,736,801

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$485,764	73.3%
Program Services	$95,260	14.4%
Investment Income	$12,499	1.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$68,962	10.4%
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$70,000	9.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$251,656	32.7%

Assets/Debt
Total Assets	$1,768,428
Total Liabilities	$31,627
Net Assets	$1,736,801

990

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
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By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
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Updated November 21, 2024

Latin Americans For Social And Economic Development Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.25M (2022)

Expenses $1.01M (2022)

Total Assets $1.94M (2022)

Total Liabilities $187k (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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Fiscal Year Ending Dec. 2021

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Compensation

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Fiscal Year Ending Dec. 2020

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Fiscal Year Ending Dec. 2019

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Fiscal Year Ending Dec. 2018

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Fiscal Year Ending Dec. 2017

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Fiscal Year Ending Dec. 2016

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Fiscal Year Ending Dec. 2015

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Fiscal Year Ending Dec. 2014

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Fiscal Year Ending Dec. 2013

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Fiscal Year Ending Dec. 2012

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Fiscal Year Ending Dec. 2011

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Fiscal Year Ending Dec. 2010

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Fiscal Year Ending Dec. 2009

No Extracted Financial Data

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Revenue

$1.25M (2022)

Expenses

$1.01M (2022)

Total Assets

$1.94M (2022)

Total Liabilities

$187k (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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2002

Fiscal Year Ending Dec.
2001