Massachusetts · Nonprofit
LATINO ECONOMIC DEVELOPMENT CORPORATION
LATINO ECONOMIC DEVELOPMENT CORPORATION (Massachusetts) receives grants from 1 organization whose IRS filings report $20,000 to it, the largest being Boston Foundation Inc ($20,000). 0 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $825k
- Funders on record
- 1
- Grants received
- $20k
- Net assets
- $-156723
What Latino Economic Development Corporation does
Mission
To develop and support latino businesses in massachusetts; to promote and support the economic, civic and socialwelfare of the latino community in massachusetts; to promote and support economic growth business developmentin the latino community in massachusetts; to engage in any other civic, educational, charitable or benevolentactivity permitted under the provisions of chapter 180 of the general law of the commonwealth.
As stated on its FY2025 Form 990.
Program
Latino Economic Development Corporation (ledc) created and launched a mini grant program thatprovided direct financial support to dozens of small businesses, helping strengthen operations, retainjobs, and expand economic opportunities throughout the community. Through this initiative and relatedprogramming, ledc has supported hundreds of entrepreneurs, workers, youth, and families across theregion.in addition to grant funding, ledc delivered extensive one-on-one business coaching and technicalassistance to entrepreneurs and startup businesses, helping guide business planning, financial literacy,marketing, compliance, and long-term sustainability. These services empowered business owners withthe tools and mentorship needed to grow and create additional employment opportunities.ledc also hosted large-scale business summits, networking events, workforce development trainings,and youth engagement initiatives that collectively impacted hundreds of individuals. Programs focusedon entrepreneurship, career readiness, workforce exposure, leadership development, and hands-onlearning opportunities for youth and young adults, helping connect participants to employmentpathways, mentorship, and…
$730,957 spentof which $189,900 as grants100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $730,957.
The organization over time
Each line starts at 100 in 2022, so what you read is the shape rather than the size: 150 means half as much again as 2022, 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 2023 to 2024, from $3k to $455k (+18030%).
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: 2024 85% · 2025 96%. Grants only. Government contracts and fees sit inside program revenue.
96% of LATINO ECONOMIC DEVELOPMENT CORPORATION’s revenue is contributions — more donation-reliant than the typical peer (62% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 4 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.
Board chair
Daniel Knapik
Chairman/president
As listed on its FY2025 Form 990.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
1 of 1 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 100% 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 CORPORATION’s funders (the co-funder graph). 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.
Where its funders are
100% of LATINO ECONOMIC DEVELOPMENT CORPORATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Too little is directly attributable to place on a map.
Funder states come from each funder’s own filing. $20k arriving through sponsors registered in 1 state 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 CORPORATION has grown faster than three-quarters of the 7,175 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 7,175 community improvement nonprofits $100k–$1M, FY2025
Government funding LATINO ECONOMIC DEVELOPMENT CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $1.4M on record — $550k federal, $822k state.
- Small Business Administration$550k
- MD$519k
- MA$304k
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 CORPORATION
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 Massachusetts
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
86% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for LATINO ECONOMIC DEVELOPMENT CORPORATION: 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 CORPORATION?
- LATINO ECONOMIC DEVELOPMENT CORPORATION (Massachusetts) receives grants from 1 organization whose IRS filings report $20,000 to it, the largest being Boston Foundation Inc ($20,000). 0 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does LATINO ECONOMIC DEVELOPMENT CORPORATION have?
- IRS filings report 1 organization giving $20,000 in grants to LATINO ECONOMIC DEVELOPMENT CORPORATION.
- Who is the largest funder of LATINO ECONOMIC DEVELOPMENT CORPORATION?
- Boston Foundation Inc is the largest funder on record, with $20,000 in grants. The full list of funders is on this page.
- How can an organization like LATINO ECONOMIC DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. 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 2022–2025), and the filings of 1 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