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Michigan · Nonprofit

LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC

LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC (Michigan) receives grants from 20 organizations whose IRS filings report $3,883,045 to it, the largest being DETROIT AREA AGENCY ON AGING ($1,319,940). 12 of them have funded it in more than one year.

Revenue FY2024
$1.2M
Funders on record
20
Grants received
$3.9M
Net assets
$1.9M
12/20 repeat funderspeak grant-dependency 62%
01What it does

What Latin Americans for Social and Economic Development Inc does

Mission

Latin americans for social and economic development, inc. Provides various social services to the residents of southwestern detroit

As stated on its FY2024 Form 990.

Programs

  1. Senior citizens program

    $545,620 spent$8,602 earned by the program
    45% of program spending
  2. Family service program

    $333,693 spent$15,800 earned by the program
    27% of program spending
  3. Youth program

    $338,184 spent$11,720 earned by the program
    28% of program spending

The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,217,497.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended.

100 = 20202020 Revenue 100 ($846k) Expenses 100 ($783k) Net assets 100 ($1.5M)2021 Revenue 117 ($989k) Expenses 126 ($983k) Net assets 100 ($1.5M)2022 Revenue 148 ($1.3M) Expenses 128 ($1.0M) Net assets 117 ($1.7M)2023 Revenue 141 ($1.2M) Expenses 139 ($1.1M) Net assets 124 ($1.9M)2024 Revenue 147 ($1.2M) Expenses 160 ($1.3M) Net assets 124 ($1.9M)
20202021202220232024
Revenue (147)Expenses (160)Net assets (124)

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $1.5M to $1.9M (+26%).

$1.5M
$1.5M
$1.9M
$2.0M
$2.0M
20202021202220232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2020 31% · 2021 25% · 2022 41% · 2023 42% · 2024 39%. Grants only. Government contracts and fees sit inside program revenue.

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 5 reported years ran a deficit.

$63k
’20
$6k
’21
$246k
’22
$109k
’23
−$8k
’24
3.3
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Jane Garcia

Chair

As listed on its FY2024 Form 990.

20202021202220232024
Listed1314131313
Joined·+1+0+1+0
No longer listed·0110
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 6 funders to 12 funders, grant income rose $310k → $665k.

4 of 20 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 1% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC’s funders (the co-funder graph). Top 19 of 20 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC leans on a few funders — its largest provides 34% of grant income and the top three 74%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

56% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC.

34%
largest funder
74%
top three
~5
effective funders

Largest funder’s share by year: 2017 42% · 2018 38% · 2019 27% · 2020 32% · 2021 34% · 2022 40% · 2023 49% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

70% of LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC's funders are still giving 3 years after their first grant; 60% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

96% of LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC's grant income comes from Michigan funders.

MI
OH
PA
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Michigan out of state home

Funder states come from each funder’s own filing. $50k arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Organizations like LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Michigan

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

97% of spending goes to programs.

Program 97%Management 3%Fundraising 0%

Governance

13
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Public support

79%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

MI

Part of a family of 1 related entity

  • Vernor Scotten Partners Ldha LP · partnership

Screen this organization

A dated, signed PDF of the compliance screen for LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC?
LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC (Michigan) receives grants from 20 organizations whose IRS filings report $3,883,045 to it, the largest being DETROIT AREA AGENCY ON AGING ($1,319,940). 12 of them have funded it in more than one year.
How many funders does LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC have?
IRS filings report 20 organizations giving $3,883,045 in grants to LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC, 12 of which have funded it in more than one year.
Who is the largest funder of LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC?
DETROIT AREA AGENCY ON AGING is the largest funder on record, with $1,319,940 in grants. The full list of funders is on this page.
How can an organization like LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Michigan. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Latin Americans for Social and Economic Development →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2020–2024), and the filings of 20 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing