Latinx Mba Association Inc
Nonprofit profile at a glance
- EIN
- 852444505
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2023
- Location
- S San Francisco, CA, USA
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Professional Societies, Associations
Reported finances
- Revenue
- $176,342
- Expenses
- $162,060
- Assets
- $16,888
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- ANDREW MAIRENA (President)
- RICHARD VELAZQUEZ (CEO)
People named in this filing
- ANDREW MAIRENA (President)
- IVAN ARAGON (Secretary)
- RICHARD VELAZQUEZ (CEO)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To connect Latinx MBAs, provide career advancement opportunities, and create a supportive community for Latinx interested in pursuing an MBA to create economic prosperity for the US Latinx community.
What it reported doing in 2025
The 2025 Latinx MBA Leadership Summit, the organizations flagship annual event, was held from October 25, 2025, at Westin Hotel in Los Angeles, CA. This four-day gathering convened 208 participants from 28 MBA programs, including 128 current MBA students and over 80 alumni. The summit featured over 14 industry speakers, 6 targeted workshops, and 2 separate tracks for students and alumni. Its programming was designed to foster professional development, peer networking, and Latinx leadership in business.Workshops addressed topics such as branding, mental health, personal finance, and career transitions. Survey feedback reflected exceptionally high participant satisfaction, with a Net Promoter Score (NPS) of 97 for the Student Summit and 83 for the Alumni Summit. More than 85% of alumni attendees reported forming valuable professional connections, and 76% of students expressed a desire to support future events or participate in mentorship. This program remains the cornerstone of Latinx MBA Associations mission to connect, advance, and advocate for Latinx professionals in business.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 82
- Sustainability: 35
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.2%; rating input score 82
- Program expense ratio: 89.4%; rating input score 89
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 8.1%; rating input score 51; 51st percentile among comparable filings
- Total-asset coverage ratio: 0.1; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 119.5% per year; rating input score 100; 98th percentile among comparable filings
- Revenue growth: 42.2% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 146.5% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 82.2% of revenue deployed · 89.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $145K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- 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 — Sustainability: Total-asset coverage ratio scored 12/100.
- Review — Sustainability: Operating margin scored 51/100.