LATINO ECONOMIC DEVELOPMENT CENTER: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- LATINO ECONOMIC DEVELOPMENT CENTER (EIN 51-0467167)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-07-27
- IRS object ID
- 201132089349300123
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-07-27T11:53:28-05:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MAHONEYULBRICHCHRISTIANSEN & RUSS PA | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 EAST PLATO BOULEVARD | AddressLine1 |
| City | SAINT PAUL | City |
| State | MN | State |
| ZIP Code | 551071809 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 510467167 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LATINO ECONOMIC DEVELOPMENT CENTER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LATI | NameControl |
| Phone | 6127245336 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1516 EAST LAKE STREET NO 201 | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55407 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | RAMON LEON | Name |
| Title | PRESIDENT AND CEO | Title |
| Phone | 6127245336 | Phone |
| Date Signed | 2011-07-27 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DANIEL J FLICEK | Name |
| Phone | 6512276695 | Phone |
| Date Prepared | 2011-07-27 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | RAMON LEON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1516 EAST LAKE STREET NO 201 | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55407 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 811295 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.LEDC-MN.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2003 | YearFormation |
| State Legal Domicile | MN | StateLegalDomicile |
| Activity Or Mission Description | TO TRANSFORM OUR COMMUNITY BY CREATING ECONOMIC OPPORTUNITY FOR LATINOS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 15 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 15 | NbrIndependentVotingMembers |
| Total Nbr Employees | 13 | TotalNbrEmployees |
| Total Nbr Volunteers | 76 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 694224 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 727951 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 90389 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 82301 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 633 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1043 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 785246 | TotalRevenuePriorYear |
| Total Revenue Current Year | 811295 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 3000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 436684 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 452055 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 30369 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 325826 | OtherExpensePriorYear |
| Other Expenses Current Year | 351618 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 762510 | TotalExpensesPriorYear |
| Total Expenses Current Year | 806673 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 22736 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 4622 | RevenuesLessExpensesCY |
| Total Assets BOY | 559497 | TotalAssetsBOY |
| Total Assets EOY | 487060 | TotalAssetsEOY |
| Total Liabilities BOY | 109347 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 32288 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 450150 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 454772 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TO TRANSFORM OUR COMMUNITY BY CREATING ECONOMIC OPPORTUNITY FOR LATINOS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 665556 | Expense |
| Grants | 3000 | Grants |
| Revenue | 82301 | Revenue |
| Description | DURING 2010, THE LATINO ECONOMIC DEVELOPMENT CENTER (LEDC) CONTINUED WITH ITS WORK TO PROMOTE ITS VISION OF "TRANSFORMING OUR COMMUNITY BY CREATING ECONOMIC OPPORTUNITES FOR LATINOS THROUGH ITS MICRO-ENTREPRENEUR TRAINING CLASSES, BUSINESS OPENING PHASE TECHNICAL ASSISTANCE, LICENSING UPDATE ASSISTANCE, BUSINESS PERFORMANCE EVALUATIONS ASSISTANCE, AND SCHOLARSHIP PROGRAMS. IN 2010, LEDC HAD APPROXIMATELY 375 ACTIVE BUSINESS MEMBERS.LATINO ACADEMY TTOIC - LEDC EMPOWERS INDIVIDUALS BY COMBINING ADULT BASIC EDUCATION AND JOB READINESS. IN JANUARY 2010, TTOIC WAS CREATED AND INCORPORATED AS A MEMBER OF THE MINNESOTA STATE COUNCIL OF THE OIC. IN MARCH 2010, THE FIRST SATELLITE OFFICE WAS OPENED IN WILLMAR, MINNESOTA. THE PRIORITY WORK AREAS OF THE CURRICULUM ARE: BUSINESS TRAINING, WORKFORCE DEVELOPMENT, AND CERTIFICATIONS. IN LATE 2010, TWO MORE SATELLITE OFFICES WERE OPENED, ONE IN MINNEAPOLIS AND ANOTHER IN SAINT PAUL. IN 2010, THE LATINO ACADEMY TTOIC SERVED 583 CLIENTS. OF THIS NUMBER, 391 CLIENTS WENT THROUGH BUSINESS TRAINING CLASSES. A TOTAL OF 206 CLIENTS WENT THROUGH THE WORKFORCE DEVELOPMENT PROGRAM RESULTING IN 26 JOB PLACEMENTS AND 60 JOB ENHANCEMENTS AND RETAINED JOBS. ROUGHLY 35% OF THE CLIENTS WERE WOMEN AND 7% OF THEM WERE YOUTH. LEDC'S RURAL INITIATIVE - LEDC HAS CONTINUED TO EXPAND AND HAS RECEIVED DIVERSIFIED FUNDING FOR ITS RURAL INITIATIVE. LEDC RECEIVED A $225,000 GRANT FROM USDA AS PART OF THE RURAL COOPERATIVE DEVELOPMENT GRANT PROGRAM. THE MINNESOTA STATE DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT (DEED) VIA A PARTNERSHIP WITH THE CITY OF WILLMAR AND THE COUNTY OF KANDIYOHI HAS PROVIDED FUNDING FOR BUSINESS TECHNICAL ASSISTANCE AND TRAINING THROUGH THE WILLMAR AREA MARKETPLACE BUSINESS CENTER (WAMBC). THE RELATIONSHIP AND COLLABORATION WITH WAMBC IS A MODEL OF LEDC'S RURAL WORK AND EXAMPLE OF BEST PRACTICES IN LINKING METRO RESOURCES IN SUPPORT OF RURAL OPPORTUNITIES FOR MINORITIES IN RURAL MINNESOTA COMMUNITIES. LEDC EXPECTS TO CONTINUE ITS RURAL INITIATIVE BY HELPING BUILD COOPERATIVES AND PUBLIC MARKETS.BUSINESS, TECHNICAL ASSISTANCE, AND BUSINESS LOANS - THROUGH ITS MONTHLY BUSINESS ORIENTATION SESSIONS, LEDC PROVIDED INFORMATION TO 143 PEOPLE ON THE BASICS OF STARTING A BUSINESS FEASIBILITY STEPS, HOW LEDC CAN ASSIST IN THE PROCESS, AND THE BENEFITS OF BECOMING A MEMBER. THROUGH ITS LOAN PROCESS ORIENTATION SESSIONS THAT STARTED IN SEPTEMBER 2010, 16 PEOPLE HAVE RECEIVED INFORMATION ON HOW TO PREPARE FOR A BUSINESS LOAN EITHER THROUGH LEDC, A TRADITIONAL LENDER (I.E. A BANK), OR A NON-TRADITIONAL LENDER (I.E ANOTHER COMMUNITY DEVELOPMENT NON-PROFIT ORGANIZATION). OVER 970 HOURS OF TECHNICAL ASSISTANCE WAS PROVIDED TO EXISTING BUSINESSES IN 2010. MORE THAN 300 OF THE 970 HOURS WAS PROVIDED TO BUSINESSES ON LAKE STREET AND THE CENTRAL AVENUE CORRIDORS IN MINNEAPOLIS. IN 2010, LEDC PACKAGED 8 LOANS TOTALLING $1,002,000 RESULTING IN THREE APPROVED PROPOSALS, BENEFITING FOUR BUSINESSES, CREATING 40 NEW JOBS, AND RETAINED 37 EMPLOYEES. | Description |
| Total Program Service Expense | 665556 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 1 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 0 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 17 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 13 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 15 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 15 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 0 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RAMON LEON | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 6127245336 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1516 EAST LAKE STREET STE 201 | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55407 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (19 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee |
|---|---|---|---|---|---|---|---|
| JENNIFER GODINEZ | |||||||
| CHAIR | 1.00 | X | X | 0 | 0 | 0 | |
| JUAN LINARES | |||||||
| VICE-CHAIR | 1.00 | X | X | 0 | 0 | 0 | |
| LEO LOPEZ | |||||||
| TREASURER | 1.00 | X | X | 0 | 0 | 0 | |
| ELVIRA FLORES | |||||||
| SECRETARY | 1.00 | X | X | 0 | 0 | 0 | |
| LORENZO ARIZA | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| RONALD LEZAMA | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| CHRISTOPHER ROMAN | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| MARIA BOYLE | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| MIKE TEMALI | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| SALVADOR MIRANDA | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| ENRIQUE GARCIA | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| CARLOS LANDREAU | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| MIGUEL ZAGAL | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| IDALIA LEUZE | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| TOMAS PANTALION | |||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | ||
| RAMON LEON | |||||||
| PRESIDENT AND CEO | 40.00 | X | 97813 | 0 | 0 | ||
| YOLANDA COTTERALL | |||||||
| GREATER MN PROGRAM MANAGER | 40.00 | 59732 | 0 | 0 | X | ||
| JOHN FLORY | |||||||
| SPECIAL PROJECTS DIRECTOR | 40.00 | 60369 | 0 | 0 | X | ||
| MONICA ROMERO | |||||||
| BUSINESS CONSULTANT & LOAN PROGRAM CORDINATOR | 40.00 | 53178 | 0 | 0 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 97813 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Government Grants | 248154 | GovernmentGrants |
| All Other Contributions | 479797 | AllOtherContributions |
| Noncash Contributions | 11364 | NoncashContributions |
| Total Contributions | 727951 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| PROGRAM FEES | 900099 | 68772 | 68772 |
| MEMBERSHIP DUES | 900099 | 7710 | 7710 |
| OTHER INCOME | 900099 | 5819 | 5819 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 82301 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1043 | TotalRevenueColumn |
| Exclusion | $1,043 | ExclusionAmount |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 811295 | TotalRevenueColumn |
| Related Or Exempt Function Income | 82301 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,043 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3000 | Total |
| Program Services | 3000 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 97813 | Total |
| Program Services | 63578 | ProgramServices |
| Management And General | 29343 | ManagementAndGeneral |
| Fundraising | 4892 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 259964 | Total |
| Program Services | 236905 | ProgramServices |
| Management And General | 20988 | ManagementAndGeneral |
| Fundraising | 2071 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3597 | Total |
| Program Services | 3477 | ProgramServices |
| Management And General | 96 | ManagementAndGeneral |
| Fundraising | 24 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 60698 | Total |
| Program Services | 57011 | ProgramServices |
| Management And General | 3198 | ManagementAndGeneral |
| Fundraising | 489 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 29983 | Total |
| Program Services | 25722 | ProgramServices |
| Management And General | 3736 | ManagementAndGeneral |
| Fundraising | 525 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 14461 | Total |
| Management And General | 14461 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 54461 | Total |
| Program Services | 30190 | ProgramServices |
| Management And General | 6762 | ManagementAndGeneral |
| Fundraising | 17509 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1255 | Total |
| Management And General | 1255 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 41390 | Total |
| Program Services | 36967 | ProgramServices |
| Management And General | 3874 | ManagementAndGeneral |
| Fundraising | 549 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 52910 | Total |
| Program Services | 44735 | ProgramServices |
| Management And General | 7107 | ManagementAndGeneral |
| Fundraising | 1068 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10249 | Total |
| Program Services | 9785 | ProgramServices |
| Management And General | 420 | ManagementAndGeneral |
| Fundraising | 44 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 30623 | Total |
| Program Services | 25317 | ProgramServices |
| Management And General | 4909 | ManagementAndGeneral |
| Fundraising | 397 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5220 | Total |
| Program Services | 458 | ProgramServices |
| Management And General | 4762 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 22614 | Total |
| Program Services | 21216 | ProgramServices |
| Management And General | 994 | ManagementAndGeneral |
| Fundraising | 404 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3194 | Total |
| Program Services | 740 | ProgramServices |
| Management And General | 2432 | ManagementAndGeneral |
| Fundraising | 22 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| WORKSHOPS | 76275 | 76275 | ||
| SCHOLARSHIP TRANSFER | 15067 | 15067 | ||
| MISCELLANEOUS | 14402 | 9698 | 4681 | 23 |
| STRATEGIC PLANNING | 4975 | 2623 | 2352 | |
| EQUIPMENT | 4522 | 2792 | 1730 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 806673 | Total |
| Program Services | 665556 | ProgramServices |
| Management And General | 110748 | ManagementAndGeneral |
| Fundraising | 30369 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 123700 | BOY |
| EOY | 142819 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 151003 | BOY |
| EOY | 56284 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 215000 | BOY |
| EOY | 145000 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15258 | BOY |
| EOY | 56757 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9469 | BOY |
| EOY | 1012 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5505 | BOY |
| EOY | 2143 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 124055 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 51260 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39312 | BOY |
| EOY | 72795 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 250 | BOY |
| EOY | 250 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 10000 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 559497 | BOY |
| EOY | 487060 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9347 | BOY |
| EOY | 18721 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 100000 | BOY |
| EOY | 13567 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 109347 | BOY |
| EOY | 32288 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 128267 | BOY |
| EOY | 192727 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 321883 | BOY |
| EOY | 262045 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 450150 | BOY |
| EOY | 454772 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 559497 | BOY |
| EOY | 487060 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 4622 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 709948 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 578759 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 354499 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 694224 | CurrentTaxYearMinus1Year |
| Current Tax Year | 727951 | CurrentTaxYear |
| Total | 3065381 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 709948 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 578759 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 354499 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 694224 | CurrentTaxYearMinus1Year |
| Current Tax Year | 727951 | CurrentTaxYear |
| Total | 3065381 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 839787 | AmountsSubstContributorsTotal |
| Public Support Total170 | 2225594 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 673 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2860 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2370 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 633 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1043 | CurrentTaxYear |
| Total | 7579 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 3072960 | TotalSupport |
| Gross Receipts From Admissions Etc | 705188 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.72430 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.68360 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 124055 | OtherCostOrOtherBasis |
| Depreciation | 51260 | Depreciation |
| Book Value | 72795 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 72795 | TotalOfBookValueLandBuildings |
| Total Revenue | 811295 | TotalRevenue |
| Total Expenses | 806673 | TotalExpenses |
| Excess Or Deficit For Year | 4622 | ExcessOrDeficitForYear |
| Total Adjustments | 0 | TotalAdjustments |
| Excess Or Deficit Per FS | 4622 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 811295 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 811295 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 811295 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 806673 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 806673 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 806673 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X: | ReturnReference |
| Explanation | LEDC ADOPTED FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740 ON UNCERTAIN TAX POSITIONS DURING 2009. ADOPTION OF ASC 740 DID NOT IMPACT THE FINANCIAL STATEMENTS AS THE LEDC DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF INCOME TAX RETURNS. LEDC IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. ANY INTEREST OR PENALTIES ASSESSED ARE RECORDED IN OPERATING EXPENSES. THERE ARE NO INTEREST OR PENALTIES RECORDED IN THE FINANCIAL STATEMENTS. | Explanation |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Solicitation Of Govt Grants | X | SolicitationOfGovtGrants |
| Agreement Ref Fundraising | 1 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Individual | MARGARET LUND | NameOfIndividual |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 95 W ISLAND AVE | AddressLine1 |
| City | MINNEAPOLIS | City |
| State | MN | State |
| ZIP Code | 55401 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | GRANTWITING | Activity |
| Fundraiser Control Of Funds | 0 | FundraiserControlOfFunds |
| Gross Receipts | 625000 | GrossReceipts |
| Amount Retained By Contractor | 0 | AmountRetainedByContractor |
| Net To Organization | 21549 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | 625000 | TotalGrossReceipts |
| Total Net To Organization | 21549 | TotalNetToOrganization |
| Licensed States | MN | LicensedStates |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV
Name Of Interested Person NameOfInterestedPerson
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SMALL BUSINESS SUPPORT SERVICES | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship | OWNED BY A FAMILY MEMBER OF THE EXECUTIVE DIRECTOR AT LEDC | Relationship |
| Amount Of Transaction | 30720 | AmountOfTransaction |
| Description Of Transaction | BOOKKEEPING SERVICES AND OTHER CONSULTING SERVICES FOR LEDC ARE PROVIDED BY SMALL BUSINESS SUPPORT SERVICES, WHICH IS OWNED BY A FAMILY MEMBER OF THE EXECUTIVE DIRECTOR OF LEDC. | DescriptionOfTransaction |
| Sharing Of Revenues | 0 | SharingOfRevenues |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | MEMBERS OF LEDC CAN RECEIVE TECHNICAL ASSISTANCE DURING THE PROCESS OF STARTING A NEW BUSINESS OR DURING THE EXPANSION OF ONE ALREADY EXISTING THROUGH ADVISEMENT IN THE FOLLOWING AREAS: LEASING CONTRACTS NEGOTIATION; BUSINESS PURCHASE OR RENT NEGOTIATION; BUSINESS REGISTRATION TO THE SECRETARY OF STATE; ACCOUNTING SYSTEMS ESTABLISHMENT; ASSISTANCE REGARDING STATE PERMITS AND LICENSES; ASSISTANCE DURING DIAGRAM ELABORATION; INTERNET INVESTIGATION OF PROVIDERS AND DISTRIBUTORS; SEARCHING FOR POTENTIAL PROVIDERS; AND ASSISTANCE WITH LOAN PACKAGES. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THERE IS ONLY ONE CLASS OF VOTING RIGHTS. ALL MEMBERS HAVE ONE VOTE. THE MEMBERS ELECT THE MEMBERS OF THE GOVERNING BODY. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE FINANCE COMMITTEE REVIEWS THE FORM 990 AND PRESENTS IT TO THE ENTIRE BOARD OF DIRECTORS, AT WHICH TIME A VOTE IS TAKEN TO APPROVE THE FORM 990. | |
| BOARD MEMBERS ARE REQUIRED TO SIGN AND DOCUMENT ANNUALLY THEIR UNDERSTANDING AND COMPLIANCE WITH THE WRITTEN CONFLICT OF INTEREST POLICY. AT BOARD MEETINGS, POTENTIAL FOR CONFLICT OF INTEREST ISSUES ARE DISCUSSED WHENEVER APPLICABLE, IF NECESSARY. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE 990 IS AVAILABLE FOR REVIEW ON GUIDESTAR.COM. ADDITIONALLY, GOVERNING DOCUMENTS, CONFLICT ON INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE ORGANIZATION'S OFFICES UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| THE ORGANIZATION HAS A FINANCE COMMITTEE THAT REVIEWS, APPROVES AND PRESENTS THE AUDITED FINANCIAL STATEMENTS TO THE ENTIRE BOARD OF DIRECTORS FOR APPROVAL. THERE HAVE BEEN NO CHANGES IN THIS PROCESS FROM PRIOR YEARS. | FORM 990, PART XI LINE 2C | |
| RELATED PARTIES DISCLOSURE | THE LEDC USES BANKING SERVICES AT A BANK WHICH EMPLOYS A BOARD MEMBER. THE LEDC USES SERVICES OF A BOARD MEMBER AND MEMBERS OF LEDC ON MARKET RATE TERMS. THE LEDC DID NOT HAVE ANY TRANSACTIONS WITH EITHER OF THE ABOVE RELATED PARTIES WHICH RESULTED IN PAYMENT. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MGM COMMUNITY PARTNERS | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 663 UNIVERSITY AVENUE SUITE 200 | AddressLine1 |
| City | SAINT PAUL | City |
| State | MN | State |
| ZIP Code | 55104 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 203436698 | EIN |
| Primary Activity | OPERATE REAL ESTATE | PrimaryActivity |
| Legal Domicile State | MN | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NEIGHBORHOOD DEVELOPMENT CENTER INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C | TypeOfEntity |
| Share Of EOY Assets | 1099997 | ShareOfEOYAssets |
| Percentage Ownership | 0.25000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
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