Overview
What is Latin Americans For Social And Economic Developmen?
Latin Americans for Social and Economic Development, Inc. is a nonprofit organization situated in Southwestern Detroit, dedicated to serving its local community. Their primary mission involves offering various social services, including transportation, information and assistance programs, and translation and citizenship programs. By providing these essential resources, they aim to improve the quality of life for the residents of Southwestern Detroit.
Official website here: www.lasedinc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Latin Americans For Social And Economic Development has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 96% overall, with its rating entirely derived from its accountability and finance score, highlighting robust governance practices.
The nonprofit demonstrates an exemplary level of accountability, with an entirely independent board of directors, which is crucial for unbiased decision-making. The organization also maintains rigorous financial oversight, as evidenced by its perfect scores in areas such as audit and oversight committee effectiveness, conflict of interest policy, and whistleblower protections. Furthermore, the low liabilities to assets ratio indicates sound financial health.
However, while the rating reflects exceptional accountability and transparency, details regarding program effectiveness or impact were not included in the assessment. Potential donors and stakeholders may benefit from seeking additional information on the organization's program outcomes to gain a fuller understanding of its contributions to social and economic development in the Latin American community.
This AI summary has been generated from information found on Charity Navigator.
Is Latin Americans For Social And Economic Developmen legitimate?
Latin Americans For Social And Economic Developmen is a legitimate nonprofit organization registered as a 501(c)(3) entity. Latin Americans For Social And Economic Developmen submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $76,103
Professional Fundraising Fees: $0
Other Salaries and Wages: $481,745
For more financial information, click here
Official website here: www.lasedinc.com
What is the mission statement of Latin Americans For Social And Economic Developmen?
Latin Americans for Social and Economic Development, as an organization, is committed to offering a range of social services to its constituents. These services include transportation assistance, information and aid programs, and translation and citizenship support. The primary goal of Latin Americans for Social and Economic Development is to enhance the lives of its community members by providing these essential services. Through its initiatives, the organization aims to foster a sense of support and inclusion within its community. Additionally, Latin Americans for Social and Economic Development offers programs to help individuals navigate the process of acquiring citizenship, thereby empowering them to fully participate in their new society.
Official website here: www.lasedinc.com
Who is the CEO of Latin Americans For Social And Economic Developmen?
Aaron Munoz is the Treasurer of Latin Americans For Social And Economic Developmen.
Official website here: www.lasedinc.com
What is the revenue of Latin Americans For Social And Economic Developmen?
Latin Americans For Social And Economic Developmen's revenue in 2022 was $1,251,971.
Official website here: www.lasedinc.com
Who are the executives of Latin Americans For Social And Economic Developmen and what are their salaries?
The average compensation at Latin Americans For Social And Economic Developmen during 2022 was $18,595. There are 30 employees and 50 volunteers at Latin Americans For Social And Economic Developmen.
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Official website here: www.lasedinc.com
Where can I find the form 990 for Latin Americans For Social And Economic Developmen?
Latin Americans For Social And Economic Developmen's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lasedinc.com
Learn more at the official website: www.lasedinc.com
Mission Statement of Latin Americans For Social And Economic Developmen
Latin Americans for Social and Economic Development, a nonprofit organization, is committed to providing vital social services to the residents of Southwestern Detroit. Their mission encompasses offering transportation, information, and assistance programs, as well as translation and citizenship support. The primary objective of this organization is to uplift the community by addressing their diverse needs, ensuring that everyone has access to essential resources. Through its services, Latin Americans for Social and Economic Development aims to foster a sense of empowerment and improvement among the residents of Southwestern Detroit.
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Impact
July, 2024
Latin Americans For Social And Economic Development's impact can be seen in the enhancement of the quality of life for residents in Southwestern Detroit. Through their various social services such as transportation assistance, information programs, translation services, and citizenship programs, they have played a significant role in supporting and empowering the local community. Their efforts contribute to community improvement by addressing the needs of residents and fostering a sense of belonging and support within the neighborhood.
This information is meant to be a general summary of Latin Americans For Social And Economic Developmen. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $17,361
- Program Service Revenue: $21,436
- Gross Receipts: $1,346,330
Assets and Liabilities:
- Total Assets: $1,936,798
- Total Liabilities: $187,169
- Net Assets: $1,749,629
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Citizenship Classes
Revenue
$6,980
Translation Services
Revenue
$14,456
Organization Details
Founding Year
1969
Principal Officer
Aaron Munoz
Main Address
4138 W Vernor, Detroit, MI, 48209
Website
www.lasedinc.comNTEE Category
Code: S30 - Community improvement
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