SAINT PAUL, MN
Latino Economic Development Center
Quick Facts
- EIN
- 51-0467167
- Location
- SAINT PAUL, MN
- Category
- Human Services
- NTEE Code
- L99
- Total Assets
- $20M
- Annual Income
- $4.4M
- Annual Revenue
- $4.4M
- IRS Ruling Year
- 2003
- Tax Subsection
- 501(c)(03)
About This Organization
Latino Economic Development Center is a nonprofit organization based in SAINT PAUL, MN. It received its IRS tax-exempt ruling in 2003. The organization is classified under IRC Section 501(c)(03). It operates in the area of human services. Total assets are reported at $20M. Annual income is $4.4M. The organization has received $3.3M in foundation grants from 17 funders. It has received $8.7M in federal awards from 4 agencies.
Grants Received from Foundations
Foundation grants awarded to Latino Economic Development Center, based on IRS 990-PF filings.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Mcknight Foundation | $250K | 2024 | for general operating support |
| Target Foundation | $150K | 2024 | ECONOMIC OPPORTUNITY - HOMETOWN |
| Bush Foundation | $150K | 2024 | THIS ECOSYSTEM GRANT PROVIDES GENERAL OPERATING SUPPORT FOR THE LATINO ECONOMIC DEVELOPMENT CENTER, FOR THE WORK OF THE CATALYST INITIATIVE, TO HELP ADVANCE ITS CHARITABLE MISSION AND SUPPORT THE WORK OF OTHERS |
| Otto Bremer Trust | $400K | 2023 | GENERAL OPERATIONS & PLAZA DEL SOL CAPITAL REQUEST |
| Mcknight Foundation | $250K | 2023 | For general operating support to build LEDC's operational and lending capacity to provide business development and equitable lending services for Minnesota's Latino-owned and BIPOC-owned businesses grow and build community wealth |
| Bush Foundation | $160K | 2023 | CATALYST INITIATIVE (LATINO ECONOMIC DEVELOPMENT CENTER) IS A CONSORTIUM OF FIVE COMMUNITY DEVELOPMENT CORPORATIONS THAT SERVE MINORITY-OWNED BUSINESSES IN THE TWIN CITIES METRO AND GREATER MINNESOTA. TOGETHER, THESE ORGANIZATIONS ARE WORKING TO INCREASE THE QUALITY AND QUANTITY OF SUPPORT FOR BIPOC-LED BUSINESSES IN MINNESOTA, INCLUDING CREATING THE MN INCLUSIVE GROWTH FUND. (THE PARTICIPATING ORGANIZATIONS ARE: METROPOLITAN ECONOMIC DEVELOPMENT ASSOCIATION (MEDA), NORTHSIDE ECONOMIC OPPORTUNIT |
| Rooted Philanthropic | $150K | 2023 | GENERAL SUPPORT |
| Target Foundation | $100K | 2023 | ECONOMIC OPPORTUNITY - HOMETOWN |
| Northwest Area Foundation | $100K | 2023 | GENERAL OPERATING SUPPORT |
| Target Foundation | $100K | 2023 | ECONOMIC OPPORTUNITY - HOMETOWN |
| The Mcneely Foundation | $35K | 2023 | PLAZA DEL SOL CAPITAL CAMPAIGN GENERAL OPERATING SUPPORT |
| The Mortenson Family Foundation | $33K | 2023 | UNRESTRICTED |
| F R Bigelow Foundation Trust 555 | $30K | 2023 | LEDC - EAST METRO BUSINESS DEVELOPMENT PROGRAM SUPPORT |
| Xcel Energy Foundation | $10K | 2023 | COMMUNITY VITALITY |
| The Mortenson Family Foundation | $3K | 2023 | UNRESTRICTED |
| Walter C Rasmussen Foundation | $1K | 2023 | GENERAL SUPPORT |
| Mcknight Foundation | $140K | 2022 | For general operating support |
| Mcknight Foundation | $140K | 2022 | For general operating support |
| Northwest Area Foundation | $100K | 2022 | GENERAL OPERATING SUPPORT |
| Northwest Area Foundation | $100K | 2022 | GENERAL OPERATING SUPPORT |
| Pohlad Family Foundation | $100K | 2022 | PROJECT |
| Pohlad Family Foundation | $100K | 2022 | PROJECT |
| Bank Of America Charitable Foundation Inc. | $100K | 2022 | PROGRAM/OPERATING SUPPORT |
| Bank Of America Charitable Foundation Inc. | $100K | 2022 | PROGRAM/OPERATING SUPPORT |
| Otto Bremer Trust | $50K | 2022 | GENERAL OPERATIONS & PLAZA DEL SOL CAPITAL REQUEST |
| Otto Bremer Trust | $50K | 2022 | GENERAL OPERATIONS & PLAZA DEL SOL CAPITAL REQUEST |
| The Mcneely Foundation | $50K | 2022 | PLAZA DEL SOL CAPITAL CAMPAIGN |
| The Mcneely Foundation | $50K | 2022 | PLAZA DEL SOL CAPITAL CAMPAIGN |
| The Mcneely Foundation | $36K | 2022 | GENERAL OPERATING SUPPORT |
| The Mcneely Foundation | $36K | 2022 | GENERAL OPERATING SUPPORT |
| The Mortenson Family Foundation | $33K | 2022 | UNRESTRICTED |
| The Mortenson Family Foundation | $33K | 2022 | UNRESTRICTED |
| F R Bigelow Foundation Trust 555 | $30K | 2022 | SMALL BUSINESS INVESTMENT IN THE EAST METRO |
| F R Bigelow Foundation Trust 555 | $30K | 2022 | SMALL BUSINESS INVESTMENT IN THE EAST METRO |
| Fred C And Katherine B Andersen Foundation | $15K | 2022 | GENERAL SUPPORT |
| Cla Foundation | $15K | 2022 | GENERAL OPERATING SUPPORT |
| Cla Foundation | $15K | 2022 | GENERAL OPERATING SUPPORT |
| Mcknight Foundation | $15K | 2022 | For general operating support in recognition of LEDC's engagement in GroundBreak Coalition work groups |
| James B Linsmayer Foundation Trust | $15K | 2022 | GENERAL OPERATING |
| Mcknight Foundation | $15K | 2022 | For general operating support in recognition of LEDC's engagement in GroundBreak Coalition work groups |
| Fred C And Katherine B Andersen Foundation | $15K | 2022 | GENERAL SUPPORT |
| Centerpoint Energy Foundation Inc. | $10K | 2022 | GENERAL DONATION |
| Xcel Energy Foundation | $10K | 2022 | COMMUNITY VITALITY |
| Xcel Energy Foundation | $10K | 2022 | COMMUNITY VITALITY |
| The Mortenson Family Foundation | $5K | 2022 | UNRESTRICTED |
| The Mortenson Family Foundation | $5K | 2022 | UNRESTRICTED |
| Mcknight Foundation | $1K | 2022 | In gratitude for serving as a panelist at the GroundBreak Coalition launch on May 12, 2022 |
| Pohlad Family Foundation | $1K | 2022 | GENERAL OPERATING |
| Pohlad Family Foundation | $1K | 2022 | GENERAL OPERATING |
| Mcknight Foundation | $1K | 2022 | In gratitude for serving as a panelist at the GroundBreak Coalition launch on May 12, 2022 |
Federal Awards Received
Federal grants and cooperative agreements from USAspending.gov.
| Agency | Program | Amount | Year |
|---|---|---|---|
| Department of the Treasury | 7 awards totaling $4,311,473 | $4.3M | 2024 |
| Department of Agriculture | 12 awards totaling $3,378,210 | $3.4M | 2024 |
| Small Business Administration | 1 awards totaling $1,000,000 | $1M | 2024 |
| Department of State | 2 awards totaling $28,560 | $29K | 2024 |
Frequently Asked Questions
What does Latino Economic Development Center do?
Latino Economic Development Center is a nonprofit organization focused on human services, based in SAINT PAUL, MN. It is classified under IRC Section 501(c)(03).
Who funds Latino Economic Development Center?
Latino Economic Development Center has received foundation grants from Mcknight Foundation, Target Foundation, Bush Foundation, and others. It has also received federal awards from Department of the Treasury, Department of Agriculture, Small Business Administration, among others.
What is Latino Economic Development Center's annual revenue?
Latino Economic Development Center reports total assets of $20M. Annual income is $4.4M.
Where is Latino Economic Development Center located?
Latino Economic Development Center is located in SAINT PAUL, MN.
Is Latino Economic Development Center a 501(c)(3)?
Yes, Latino Economic Development Center is a 501(c)(3) tax-exempt organization. Its EIN is 51-0467167. Donations to this organization may be tax-deductible.
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