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Nonprofit · EIN 38-1892670

LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC

Tax-exempt · DETROIT, MI 48209

Financials

$1.2M$1.1M2023$1.2M$1.3M2024
Revenue Expenses · by fiscal year end
Financials of LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,245,465$1,253,348-$7,883$1,987,714$136,861$1,850,853
December 31, 2023990$1,195,113$1,086,072$109,041$1,989,192$130,522$1,858,670
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,094,229
of which government grants
$490,072
Program service revenue
$36,122
Investment income
$4,147
Net income from fundraising events
$64,976
Other revenue
$110,967

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$80,018
Other salaries and wages
$601,726
Salaries, compensation and benefits (total)
$756,898
Professional fundraising fees
$0
Accounting fees
$33,908
Occupancy
$45,821
Depreciation
$131,399
Program services (functional)
$1,217,497
Management and general (functional)
$35,851

Balance sheet and other

Total assets, start of year
$1,989,192
Total assets, end of year
$1,987,714
Total liabilities, end of year
$136,861
Net assets, end of year
$1,850,853
Land, buildings and equipment
$942,355
Net assets without donor restrictions
$1,779,098
Net assets with donor restrictions
$71,755
Gross receipts
$1,380,353
Employees
37
Volunteers
32
Year formed
1969
State of legal domicile
MI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
AGO BENAVIDESBOARD MEMBER
Trustee or director
0.5$0
LINDA A CLARKBOARD MEMBER
Trustee or director
1$0
EVA GAEZA DEWAELSCHEBOARD MEMBER
Trustee or director
0.5$0
KENNETH DOBSONBOARD MEMBER
Trustee or director
0.25$0
PATRICIA PEREZ FRESARDBOARD MEMBER
Trustee or director
0.5$0
OMAR HERNANDEZBOARD MEMBER
Trustee or director
0.25$0
LEO V MENDEZ JRBOARD MEMBER
Trustee or director
0.25$0
DAVID SANCHEZBOARD MEMBER
Trustee or director
0.25$0
JANE GARCIACHAIR
Officer
25$0
BELDA GARZASECRETARY
Officer
2$0
JIM JOAQUINVICE CHAIR
Officer
0.5$0
LAURA REYES KOPACKPRESIDENT AN
Officer
1$0
AARON MUNOZTREASURER
Officer
0.5$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensation
AGO BENAVIDESBOARD MEMBER
Trustee or director
2$0
LINDA A CLARKBOARD MEMBER
Trustee or director
2$0
EVA GAEZA DEWAELSCHEBOARD MEMBER
Trustee or director
2$0
KENNETH DOBSONBOARD MEMBER
Trustee or director
2$0
PATRICIA PEREZ FRESARDBOARD MEMBER
Trustee or director
2$0
OMAR HERNANDEZBOARD MEMBER
Trustee or director
2$0
LEO V MENDEZ JRBOARD MEMBER
Trustee or director
2$0
DAVID SANCHEZBOARD MEMBER
Trustee or director
2$0
JANE GARCIACHAIR
Officer
2$0
BELDA GARZASECRETARY
Officer
2$0
JOM JOAQUINVICE CHAIR
Officer
2$0
LAURA REYES KOPACKPRESIDENT AN
Officer
2$0
AARON MUNOZTREASURER
Officer
2$0

Address and contacts

Address (IRS master file)
4138 W VERNOR HWY, DETROIT, MI 48209-2145
Principal officer (990 for 2024)
JANE GARCIA, 4051 N CAMPBELL, DETROIT, MI 48210
Signed the 990
MARY CARMEN MUNOZ, EXECUTIVE DIRECTOR
Phone
(313) 554-2025
Return prepared by
GWIZDALA & ASSOCIATES PC

Mission

LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT, INC. PROVIDES VARIOUS SOCIAL SERVICES TO THE RESIDENTS OF SOUTHWESTERN DETROIT

990 for the year ended December 31, 2024

Program accomplishments

  • SENIOR CITIZENS PROGRAM
    Expenses $545,620 · revenue $8,602
  • FAMILY SERVICE PROGRAM
    Expenses $333,693 · revenue $15,800
  • YOUTH PROGRAM
    Expenses $338,184 · revenue $11,720

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
38-1892670
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1969
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,987,714
Income (IRS master file)
$1,380,353

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,245,465$1,253,348$1,987,714IRS
990December 2023$1,195,113$1,086,072$1,989,192XML
990December 2022$1,251,971$1,005,732$1,936,798IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 38-1892670).

Questions about LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC

What is the EIN of LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC?
The employer identification number (EIN) of LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC is 38-1892670.
Is LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
Are donations to LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC?
The 990 for the year ended December 31, 2024 names JANE GARCIA.
Who are the officers and directors of LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC?
The 990 for the year ended December 31, 2024 lists 13 people; 0 received compensation from the organization.
How much revenue does LATIN AMERICANS FOR SOCIAL AND ECONOMIC DEVELOPMENT INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,245,465, expenses of $1,253,348 and total assets of $1,987,714 at year end.

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