Program areas at LEDC
Business Development: LEDC's Business Development Program consultants supported more than 600 Latino-owned, immigrant-owned, and BIPOC-owned small businesses and entrepreneurs, providing more than 2,500 hours of technical assistance.
Lending Programs: In 2022, LEDC's Lending Program made 29 loans totaling $1.47 million and leveraging an additional $1.84 million in capital from partner CDFIs and financial institutions. Of the loans made, 88% supported Latino entrepreneurs, and 12% supported BIPOC entrepreneurs who were not Latino. Eighty-one percent of these loans went to Twin Cities area businesses, and 19% went to support businesses in Greater Minnesota. Altogether, these loans helped create 110 jobs and retain nearly 100 jobs.
Agriculture Program : In 2022, the Agriculture Program distributed $52,500 in 3 agricultural loans to 3 farms, 100% of whom are owned by Latino farmers. In this year the program also secured a $675,000 in USDA and MDA grant award to systematically address the needs of underserved farmers by providing access to capital, markets, land, and other resources to underserved producers. LEDC's Agriculture Program consulted with 32 Latino farmers and conducted over 750 hours of individual technical assistance focusing on Poultry Production, Sheep Production, Calf Operations, Financial planning, and access to markets.
Who funds Latino Economic Development Center (LEDC)
Grants from foundations and other nonprofits
Personnel at LEDC
| Name | Title | Compensation | Date of data |
|---|
| Henry Jimenez | Executive Director | $178,953 | 2023-10-25 |
| Enrique Blanco | Operations Director | | 2021-07-22 |
| John Ramirez | Business Development Director | | 2021-07-22 |
| Andres Salinas Sanchez | Lending Program Director | | 2021-07-22 |
| Alondra Rodriguez Aceiton | Communications Manager | | 2021-07-22 |
| ...and 15 more key personnel |
Financials for LEDC
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $4,105,183 | $18,840,539 | -78.2% |
| Program services | $120,605 | $212,645 | -43.3% |
| Investment income and dividends | $148,810 | $134,823 | 10.4% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $348,000 | $337,374 | 3.1% |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $3,932 | $3,263 | 20.5% |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $4,726,530 | $19,528,644 | -75.8% |
Organizations like LEDC
| Organization | Type | Location | Revenue |
|---|
| Called To Serve CDC | 501(c)(3) | Philadelphia, PA | $1,872,045 |
| Spruce Root | 501(c)(3) | Juneau, AK | $20,825,542 |
| Southwest Georgia United Empowerment Zone | 501(c)(3) | Cordele, GA | $2,473,727 |
| Community Ventures Corporation | 501(c)(3) | Lexington, KY | $14,011,669 |
| Rural Community Development Resources | 501(c)(3) | Yakima, WA | $2,240,465 |
| Ohio Network for Innovation (ONI) | 501(c)(3) | Mount Vernon, OH | $1,299,263 |
| Vibrant Hawaii | 501(c)(3) | Hilo, HI | $1,248,994 |
| Western Dairyland Economic Opportunity Council | 501(c)(3) | Independence, WI | $18,239,883 |
| Mandela Partners Prev Mandela MarketPlace | 501(c)(3) | Oakland, CA | $3,166,204 |
| Greater Dayton Union Cooperative Initiative | 501(c)(3) | Dayton, OH | $1,691,377 |
Data update history
November 29, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 29, 2023
Updated personnel
Identified 3 new personnel
August 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 3, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Business and community development organizationsFamily service centersCommunity Development Financial InstitutionsCharities
Issues
Community improvementHispanicEconomic development
Characteristics
Fundraising eventsReceives government fundingFundraising races, competitions, and tournamentsTax deductible donations
General information
- Address
- 804 Margaret St
- Saint Paul, MN 55106
- Metro area
- Minneapolis-St. Paul-Bloomington, MN-WI
- County
- Ramsey County, MN
- Website URL
- ledcmn.org/Â
- Phone
- (612) 724-5332
- Facebook page
- ledc-mnÂ
- Twitter profile
- @latinocdcÂ
IRS details
- EIN
- 51-0467167
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2003
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S30: Economic Development
- NAICS code, primary
- 624190: Individual and Family Services
- Parent/child status
- Independent
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