Overview

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Est.

1969

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

Latin Americans for Social and Economic Development, Inc. (EIN: 38-1892670) is a nonprofit organization dedicated to enhancing economic development through various social services for residents in Southwestern Detroit. With an operating budget of $1.3 million and total revenue of $1.2 million for the 2024 filing year, the organization provides essential programs including transportation, information assistance, translation, and citizenship services. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. More information can be found on their website at https://www.lasedinc.com.

Mission Statement

Latin Americans for Social and Economic Development, Inc. provides various social services to the residents of Southwestern Detroit including transportation, information and assistance programs, translation and citizenship programs.
Revenues
$1.2M
Expenses
$1.3M
Net Income:
-$7.9K
Assets
$2M
Liabilities
$136.9K
Net Assets:
+$1.9M
Operating Budget
$1.3M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
7
Median grant size
$15K
Largest grant received
$187.3K
B
Belda Garza
Board Member
A
Aaron Munoz
Board Member
K
Kenneth Dobson
Board Member

Frequently Asked Questions

What is Latin Americans for Social and Economic Development’s budget?
In 2024, Latin Americans for Social and Economic Development reported an annual operating budget of around $1.3 million. More detailed financial information is available to registered users.
What causes does Latin Americans for Social and Economic Development support?
Latin Americans for Social and Economic Development supports work in Economic development.
Where does Latin Americans for Social and Economic Development operate?
Latin Americans for Social and Economic Development is headquartered in Detroit, MI.
Who funded Latin Americans for Social and Economic Development recently?
In 2025, Latin Americans for Social and Economic Development received grants from CHARITIES AID FOUNDATION AMERICA, FORD PHILANTHROPY, and DETROIT AREA AGENCY ON AGING. More information on this organization’s funders is available to registered users.
What is the largest grant Latin Americans for Social and Economic Development received in 2024?
The largest grant to Latin Americans for Social and Economic Development in 2024 exceeds $187 thousand.
What is Latin Americans for Social and Economic Development’s reliance on government grants?
Latin Americans for Social and Economic Development relied on government grants for more than 35% of their total revenue in 2024.