Federal ID# 510467167
Latino Economic Development Center
-
- LEDC
General Information
| Organization Type | CHARITY |
| Contact Person | Alma Flores |
| 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 | None |
Financial Information
For Fiscal Year Ending 12/31/2024
INCOME
| Direct Public Support | $967,382 |
| Government Grants | + $2,733,196 |
| Other Revenue | + $664,668 |
| Total Revenue | $4,365,246 |
EXPENSES
| Amount Spent for Program or Charitable Purposes | $2,605,047 |
| Management/General Expense | + $1,317,576 |
| Fundraising Expense | + $75,055 |
| Total Expenses | $3,997,678 |
Excess/Deficit
| Total Revenue | $4,365,246 |
| Total Expenses | - $3,997,678 |
| Excess/Deficit | $367,568 |
End of Year Fund Bal/Net Worth
| Total Assets | $19,999,593 |
| Total Liabilities | - $10,147,902 |
| End of Year Fund Bal/Net Worth | $9,851,691 |
