Federal ID# 510467167
Latino Economic Development Center
-
- LEDC
General Information
| Organization Type | CHARITY |
| Contact Person | Henry Jimenez |
| Address | 804 Margaret Street, Saint Paul, MN 55106- |
| Phone Number | (612) 724-5332 |
| Purpose or Description | To promote business opportunities to low income Latinos throughout the State of Minnesota, by implementing economic forums, capacity and talent inventories, micro-entrepreneur training classes, business start up technical assistance and support, business planning and loan packaging, and workshops regarding legal responsibilities of a business in the State of Minnesota. |
| Status | Active |
| Extension | Granted |
Financial Information
For Fiscal Year Ending 12/31/2022
INCOME
| Direct Public Support | $2,213,547 |
| Government Grants | + $1,891,636 |
| Other Revenue | + $621,347 |
| Total Revenue | $4,726,530 |
EXPENSES
| Amount Spent for Program or Charitable Purposes | $3,471,734 |
| Management/General Expense | + $858,282 |
| Fundraising Expense | + $161,142 |
| Total Expenses | $4,491,158 |
Excess/Deficit
| Total Revenue | $4,726,530 |
| Total Expenses | - $4,491,158 |
| Excess/Deficit | $235,372 |
End of Year Fund Bal/Net Worth
| Total Assets | $11,425,396 |
| Total Liabilities | - $4,942,297 |
| End of Year Fund Bal/Net Worth | $6,483,099 |
