Latino Corporate Directors Education Foundation

Nonprofit profile at a glance

EIN
461875686
IRS 990 coverage
2015–2024
Forms available
Form 990 2024, Form 990-EZ 2017, Form 990-N 2014
Location
Washington, DC, USA
Phone
2024306954
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Education

Reported finances

Revenue
$1,335,771
Expenses
$1,345,307
Assets
$853,893
Liabilities
$224,447

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • OSWALDO GROMADA MEZA (PRESIDENT/CEO)

Highest reported compensation

  • OSWALDO GROMADA MEZA (PRESIDENT/CEO): $338,963 total reported compensation
  • CARMEN JOGE (VP, PROGRAMS & OPERATIONS): $188,625 total reported compensation
  • WENDY STURLEY (ASSOCIATE VP, ENGAGEMENT &): $145,304 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The latino corporate directors education foundation (lcdef) is the affiliated foundation of lcda. Together with lcda, the foundation is committed to paving the way for the next generation of us corporate directors. Its strategic priority is to prepare, position and grow the supply of c-suite executives prepared for corporate board service and lead with research-based reports and thought leadership.

What it reported doing in 2024

Lcdef accomplished the following: grew the number of board aspiring executives participating in the board ready institute programming, our program offerings have also expanded. In 2024, the lcdef certified 76 board-aspiring executives from its boardready institute (bri) program. Since 2017, it has certified just over 375 executives for excellence in corporate governance.-lcdef also launched a new 20-minute series of quick take webinars, producing 8 highly sought out videos of brief, but valuable insights into corporate governance.-lcdef launched its first-ever, Colorado board monitor report, highlighting the status of latinos on company boards headquartered in the state. This program is targeted at first-time directors (less than 5 years) and executive members who completed bri core programming in previous year(s) or other board-readiness programs through other sources.lcdef's premiere boardready institute (bri) is a comprehensive set of exclusive programs - bri core and brinext - uniquely designed to prepare new and aspiring directors for boardroom success.

Operating model

Revenue model
Donor-supported. 60% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% 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. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 70
  • Accountability: 91
  • Sustainability: 33
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.3%; rating input score 80
  • Program expense ratio: 79.4%; rating input score 79
  • Fundraising efficiency: $6.72 raised per $1 spent on fundraising; rating input score 25; 25th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0.7%; rating input score 33; 33rd percentile among comparable filings
  • Total-asset coverage ratio: 0.63; rating input score 29; 29th percentile among comparable filings
  • Liabilities to assets ratio: 0.26; rating input score 27; 27th percentile among comparable filings
  • Officer compensation ratio: 6.5%; rating input score 49; 49th percentile among comparable filings

Growth

  • Program expense growth: 23% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: 23.2% per year; rating input score 100; 88th percentile among comparable filings
  • Asset growth: 13.2% per year; rating input score 100; 68th percentile among comparable filings

Details

  • Where the money goes: 80.3% of revenue deployed · 79.4% of spending went to programs
  • Governance: 10 of 10 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.1M in reported program spending
  • Leadership: top reported pay $339K · 16 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 17 of 17 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 8 filing years from 2015 to 2024
  • 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.

  • High — Financial Efficiency: Fundraising efficiency scored 25/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Moderate — Sustainability: Operating margin scored 33/100.
  • High — Sustainability: Total-asset coverage ratio scored 29/100.
  • High — Sustainability: Liabilities to assets ratio scored 27/100.
  • Moderate — Sustainability: Officer compensation ratio scored 49/100.