Latino Educational Training Institute

Nonprofit profile at a glance

EIN
753252857
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-EZ 2018, Form 990-N 2012
Location
Lynnwood, WA, USA
Phone
4256724255
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Education N.E.C.

Reported finances

Revenue
$6,047,602
Expenses
$1,943,988
Assets
$5,549,130
Liabilities
$861,384

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

Leadership & pay

13 people listed

Executive titles in this filing

  • ROSARIO REYES (PRESIDENT)
  • MEL COSSETTE (VICE PRESIDENT)

Highest reported compensation

  • THOMAS D LAING (DIRECTOR OF OPERATIONS): $63,173 total reported compensation
  • MARISOL L BEJARANO (DIRECTOR OF HEALTH AND WELLNESS PROGRAMS): $62,180 total reported compensation
  • ROSARIO REYES (PRESIDENT): $61,253 total reported compensation

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

Overview

Mission

Our mission is to facilitate the personal and financial success of spanish speaking and bilingual persons and inspire latinos to pursue their dreams and become leaders in their communities.

What it reported doing in 2024

Health and wellness programs including: total wellness of latino women-allows participants to connect with a leti staff member weekly while learning about all the resources available in the community.leti child care circles-this program aims to create a cohort of 8-9 latino mothers needing pre-k childcare services.advancing health literacy covid-19 related programs/services aims to better understand the barriers to the health community members through scientifically designed community surveys in multiple languages, appropriate training and interventions, and ongoing work to increase awareness of optimal resources, testing, and vaccines for covid-19.vaccine access support services and outreach-this program initiative assists families in and around snohomish and skagin counties with resource nvigation and health information to promote the covid-19 vaccine.leti cafe is a business entrepreneurship program for latino women living in snohomish county, which has been developing for the past five years, turning into leti's largest ongoing progect. The specific emphasis is to improve the mental, physical, and financial health of local latinas and their families by sharing culture through food.

Operating model

Revenue model
Grant-funded. 62% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 86% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 45
  • Transparency & Controls: 84
  • Accountability: 83
  • Sustainability: 76
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 22%; rating input score 22
  • Program expense ratio: 68.3%; rating input score 68
  • Fundraising efficiency: $175.97 raised per $1 spent on fundraising; rating input score 91; 91st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 87.5%; rating input score 88; 2nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 96%; rating input score 96; 31st percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 88.9%; rating input score 89; 20th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Limited
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 67.9%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 2.85; rating input score 72; 72nd percentile among comparable filings
  • Liabilities to assets ratio: 0.16; rating input score 50; 50th percentile among comparable filings
  • Officer compensation ratio: 9.6%; rating input score 31; 31st percentile among comparable filings

Growth

  • Program expense growth: 34.6% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: 36.4% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: 39.8% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 22% of revenue deployed · 68.3% of spending went to programs
  • Governance: 8 of 9 board members independent · 6 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $1.3M in reported program spending
  • Leadership: top reported pay $63K · 13 people listed
  • Consistency: 24 of 26 current checks pass · 2 findings to review
  • Schedules: 6 filed schedules · includes grants
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • 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: Mission deployment rate scored 22/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 31/100.
  • Review — Sustainability: Liabilities to assets ratio scored 50/100.