Latino Center for Leadership Development Fund
Nonprofit profile at a glance
- EIN
- 822633276
- IRS 990 coverage
- 2017–2017
- Forms available
- Form 990 2017
- Location
- Dallas, TX, USA
- Phone
- 4697445313
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Cultural, Ethnic Awareness
Reported finances
- Revenue
- $364,718
- Expenses
- $347,888
- Assets
- $16,830
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- MIGUEL SOLIS (PRESIDENT)
Highest reported compensation
- MIGUEL SOLIS (PRESIDENT): $138,333 total reported compensation
- CESAR BLANCO (VP OF DEVELOPMENT): $100,000 total reported compensation
- EDELMIRA PATRICIA GARCIA (VP OF PROGRAMS AND OPERATIONS): $33,333 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Latino center for leadership development was formed to create a pipeline of leaders and ideas equipped to address the challenges and opportunities of the latino community. The organization's vision is carried out through various efforts including an intensive leadership academy, a policy institute, and numerous strategic initiatives. Through these efforts, the organization seeks to connect and effectively align policy, research, and practice for the immediate and long-term success of the latino community.
What it reported doing in 2017
Lcld hosts four leadership academy seminars througout the year, training its fellows on public policy and providing them with a set of knowledge, skills, and experiences to be successful as leaders of the latino community. The organization also holds regional forums, issues policy research grants, and conducts strategic community initiatives.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 97% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and the required major-donor schedule is missing or incomplete.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 75
- Accountability: 63
- Sustainability: 36
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.9%; rating input score 80
- Program expense ratio: 83.8%; rating input score 84
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: No; rating input score 0
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 9 controls in place; rating input score 11
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 4.6%; rating input score 53; 53rd percentile among comparable filings
- Total-asset coverage ratio: 0.05; rating input score 4; 4th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 85; 85th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 79.9% of revenue deployed · 83.8% of spending went to programs
- Governance: 3 of 3 board members independent · 1 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $292K in reported program spending
- Leadership: top reported pay $138K · 6 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Accountability: Governance controls: 7 of 8 not reported.
- High — Transparency & Controls: Major donor itemization scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 4/100.
- Review — Sustainability: Operating margin scored 53/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.