Minnesota · Nonprofit
Latino Economic Development Center
Latino Economic Development Center (Minnesota) receives grants from 45 organizations whose IRS filings report $9,931,835 to it, the largest being SAINT PAUL & MINNESOTA FOUNDATION ($1,434,400). 27 of them have funded it in more than one year.
- Revenue FY2025
- $10M
- Funders on record
- 45
- Grants received
- $9.9M
- Net assets
- $16M
What Latino Economic Development Center does
Mission
To transform our community by creating economic opportunities for Latinos.
As stated on its FY2025 Form 990.
Programs
LEDC's Lending Program, the only Latino-focused CDFI (Community Development Fund Institution) in Minnesota and the upper Midwest, addresses the significant barriers faced by small businesses in accessing affordable capital. LEDC provides flexible underwriting standards that don't require large personal assets for collateral, and expert navigation through the complexities of capital and small business development. In 2025, LEDC's Lending program worked with clients to approve 45 loans totaling $3.5 million and leveraged $7.92 million in external capital to help our clients grow their businesses. LEDC has more than 150 active lending clients in our organization's loan portfolio totaling $9.5 million in capital deployed to support small business growth in Minnesota.
$669,732 spent$473,977 earned by the program26% of program spendingLEDC's Business Development Program helps entrepreneurs prepare to launch or grow their business, including communications and marketing, budgeting, digital literacy, commercial insurance, taxation, and other areas of technical assistance. Our Business Development associates guide each member in creating their business plan and provide access to resources and education needed to meet their goals. Through direct support and referrals to specialized service providers, we support clients with their needs in finance, legal issues, technology, information technology (IT), human resources (HR) issues, and industry-specific regulations. Last year, LEDC's Business Development program supported more than 500 aspiring entrepreneurs and small business owners through business development workshops and one-on-one business consulting provided in Spanish and English.
$1,538,140 spentof which $25,000 as grants$230,614 earned by the program61% of program spendingLEDC's Regenerative Agriculture Program provides technical assistance, business development, and access to affordable capital and markets that help beginning and established farmers and entrepreneurs start new farming or food production enterprises or grow their existing farm businesses. Additional services include Organic and GAP certification and navigating the complex system of government agriculture programs. Throughout 2025, LEDC's Regenerative Agriculture program provided technical assistance to 39 farmers and agriculture-focused businesses with 861 hours of technical assistance. With this technical assistance, LEDC helped these farms secure $726,000 in external capital.
$330,302 spent13% of program spending
The 3 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $2,538,174.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $5.4M to $14M (+161%).
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.
Government-grant reliance: 2017 45% · 2018 28% · 2019 28% · 2020 70% · 2021 84% · 2022 40% · 2023 47% · 2024 63% · 2025 71%. Grants only. Government contracts and fees sit inside program revenue.
91% of Latino Economic Development Center’s revenue is contributions — more reliant on donations than three-quarters of its peers (13% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.
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.
Chief executive
Alma Flores
Executive Director
Board chair
Carlos Lopez
Board President
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 4 funders to 21 funders, grant income rose $124k → $1.7M.
7 of 45 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 24% 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 Latino Economic Development Center’s funders (the co-funder graph). Top 30 of 45 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
Latino Economic Development Center has a broad base — no single funder exceeds 14% of grant income, and it takes 6 funders to reach half.
the vertical line marks half of all grant income — 6 funders to its left
40% 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 Latino Economic Development Center.
Largest funder’s share by year: 2017 60% · 2018 66% · 2019 38% · 2020 27% · 2021 17% · 2022 13% · 2023 23% — diversifying over time.
“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
52% of Latino Economic Development Center's funders are still giving 3 years after their first grant; 60% give in more than one year at all.
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
90% of Latino Economic Development Center's grant income comes from Minnesota funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $2.4M arriving through sponsors registered in 5 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.
Against its field
Latino Economic Development Center runs a healthier operating margin than three-quarters of the 488 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 488 housing & shelter nonprofits $10M–$100M, FY2025
Government funding Latino Economic Development Center receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $9.3M on record — $9.0M federal, $348k state.
- Department of Agriculture$4.1M
- Department of the Treasury$3.8M
- Small Business Administration$1.0M
- Department of State$15k
- Grant$348k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like Latino Economic Development Center
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 Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
64% of spending goes to programs.
Governance
Public support
94%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 2 related entities
- North Country Produce LLC · disregarded
- East Side Enterprise Center LLC · partnership
Screen this organization
A dated, signed PDF of the compliance screen for Latino Economic Development Center: 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.
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 Latino Economic Development Center?
- Latino Economic Development Center (Minnesota) receives grants from 45 organizations whose IRS filings report $9,931,835 to it, the largest being SAINT PAUL & MINNESOTA FOUNDATION ($1,434,400). 27 of them have funded it in more than one year.
- How many funders does Latino Economic Development Center have?
- IRS filings report 45 organizations giving $9,931,835 in grants to Latino Economic Development Center, 27 of which have funded it in more than one year.
- Who is the largest funder of Latino Economic Development Center?
- SAINT PAUL & MINNESOTA FOUNDATION is the largest funder on record, with $1,434,400 in grants. The full list of funders is on this page.
- How can an organization like Latino Economic Development Center find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 45 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 22, 2026. What this page cannot tell you · view filing