Latino Entrepreneurial Network Ofsoutheastern Wisconsin Incorporated
- Assets
- $231.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Milwaukee, WI
- Founding
- 11/2007
- Data as of
- 12/2021
- EIN
- 20-5987240
Organization Overview
Latino Entrepreneurial Network Ofsoutheastern Wisconsin Incorporated is located in Milwaukee, WI. The organization was established in 2007. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latino Entrepreneurial Network Ofsoutheastern Wisconsin Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Latino Entrepreneurial Network Ofsoutheastern Wisconsin Incorporated generated $116.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 34.0% each year . All expenses for the organization totaled $85.6k during the year ending 12/2021. While expenses have increased by 27.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THIS ORGANIZATION IS EDUCATIONAL CHARITY
Describe the Organization's Program Activity:
Part 3
MAS FUERTES IS A COVID RELIEF PROGRAM CREATED TO SUPPORT SMALL BUSINESS WITH BILINGUAL TECHNICAL ASSISTANCE AND FINANCIAL COACHING TO APPLY FOR EIDL AND PPP. THIS WAS A JOINT PROGRAM WITH THE LATINO CHAMBER OF COMMERCE OF SOUTHEASTERN WISCONSIN, INC, WHO LENT $100,000 TO OTHER BUSINESSES.
THE LATINO ENTREPRENEURIAL NETWORK (LEN) OF SOUTHEASTERN WISCONSIN AND PROVEEDORAS UNIDAS RECENTLY WRE AWARDED A $40,000 GRANT TO SUPPORT THE INFRASTRUCTURE OF CHILD CARE PROVIDERS IN MILWAUKEE THANKS TO THE GENEROSITY OF THE GREATER MILWAUKEE FOUNDATION. EACH CHILD CARE CENTER RECEIVED AIR PURIFYING UNITS TO IMPROVE THE QUALITY OF AIR IN THE CHILD CARE CENTERS.
PERSONAL FINANCIAL TRAINING CALLED PATH TO WEALTH. THIS SERIES WAS A VIRTUAL SERIES TO EDUCATE LOW INCOME INDIVIDUALS WITH FINANCIAL EDUCATION IN HOME OWNERSHIP, CREDIT, AND ENTREPRENEURSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geisha Melendez-Roman Treasurer | 6 | $0 | |
Alfredo Diaz Assistant Treasurer | 3 | $0 | |
Yimma Davila Board Member | 1 | $0 | |
Ivan Cicla President | 3 | $0 | |
Omar Barberena Board Member | 1 | $0 | |
Elizabeth Cruz Secretary | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,600 |
| Total Program Service Revenue | $31,146 |
| Membership dues | $40,781 |
| Investment income | $18 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $12,567 |
| Total Revenue | $116,112 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $29,999 |
| Professional fees and other payments to independent contractors | $8,220 |
| Occupancy, rent, utilities, and maintenance | $3,000 |
| Printing, publications, postage, and shipping | $1,673 |
| Other expenses | $11,536 |
| Total expenses | $85,634 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $168,874 |
| Other assets | $0 |
| Total assets | $231,774 |
| Total liabilities | $6,445 |
| Net assets or fund balances | $225,329 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Latino Entrepreneurial Network Ofsoutheastern Wisconsin Incorporated has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Greater Green Bay Community Foundation Inc Green Bay, WI PURPOSE: PUBLIC BENEFIT & COMMUNITY IMPROVEMENT PROGRAM SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Iowa Community Action Organization Mason City, IA | $4,791,194 | $9,251,857 |
Homeownership Preservation Foundation Farmington Hills, MI | $9,859,367 | $7,508,104 |
Family Credit Counseling Service Inc Chicago, IL | $9,585,248 | $7,733,487 |
Familymeans Stillwater, MN | $14,787,567 | $4,858,760 |
Northwest Side Housing Center Chicago, IL | $2,986,371 | $4,446,523 |
Southwest Economic Solutions Detroit, MI | $1,547,756 | $3,561,883 |
National Association Of Investors Corporation Troy, MI | $3,876,994 | $2,170,565 |
Prepare And Prosper St Paul, MN | $2,509,288 | $2,156,071 |
Consumer Credit Of Des Moines Des Moines, IA | $2,361,855 | $1,382,576 |
Securefutures Foundation Inc Milwaukee, WI | $1,756,343 | $1,837,399 |
Moneythink Chicago, IL | $2,812,630 | $2,607,050 |
Community Life Line East Saint Louis, IL | $0 | $1,259,737 |