National Latino Education Institute
- Assets
- $3.3m
- Revenue
- $496.9k
- Investments
- $0.0
- Employees
- 11
- Location
- Chicago, IL
- Founding
- 07/1977
- Data as of
- 06/2020
- EIN
- 36-2755187
Organization Overview
National Latino Education Institute is located in Chicago, IL. The organization was established in 1977. According to its NTEE Classification (J22) the organization is classified as: Job Training, under the broad grouping of Employment and related organizations. As of 06/2023, National Latino Education Institute employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Latino Education Institute 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 06/2020, National Latino Education Institute generated $496.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.9%) each year. All expenses for the organization totaled $983.9k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (12.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
NATIONAL LATINO EDUCATION INSTITUTE ADVANCES THEIR COMMUNITY'S ECONOMIC INDEPENDENCE THROUGH MARKET AND RESULTS DRIVEN EDUCATION, TRAINING, EMPLOYMENT, AND ADVOCACY.
Describe the Organization's Program Activity:
THE MISSION OF NLEI IS TO ADVANCE THE LATINO COMMUNITY'S ECONOMIC INDEPENDENCE THROUGH MARKET AND RESULTS DRIVEN EDUCATION, TRAINING, EMPLOYMENT, AND ADVOCACY WORKFORCE DEVELOPMENT TRAINING AND SERVICES NLEI PROGRAMMING IS RECOGNIZED LOCALLY AND NATIONALLY FOR ITS FOCUS ON JOBS OF THE FUTURE, AND EXCEPTIONAL STANDARDS IN WORKFORCE DEVELOPMENT. NLEI PROVIDES CAREER PIPELINES WITH A PRIORITY ON THE INCLUSION OF LATINOS AND OTHER MINORITIES. NLEI OFFERS A VARIETY OF HIGH QUALITY WORKFORCE DEVELOPMENT PROGRAMS AND SERVICES DESIGNED TO MEET THE VARYING NEEDS OF BOTH THE ADULT LEARNER AND THE WORKFORCE SUPPORTED BY CHICAGOLAND'S CORPORATE AND PHILANTHROPIC COMMUNITY. RIGOROUS WORKFORCE TRAINING, SUPPORTIVE SERVICES AND JOB PLACEMENT ARE PROVIDED IN THE INDUSTRIES OF CONSTRUCTION, RENEWABLE ENERGY, PRE-APPRENTICESHIP IN THE BUILDING TRADES, HEALTHCARE, HOSPITALITY AND GENERAL SERVICES. NLEI IS: APPROVED BY THE IL BOARD OF HIGHER EDUCATION; APPROVED BY THE U.S. DEPARTMENT OF EDUCATION; A PARTNER OF THE AMERICAN JOBS CENTER; A NATIONAL CENTER FOR COMPETENCY TESTING (NCCT); A CREDENTIALING PARTNER IN CONSTRUCTION, SAFETY, HEALTHCARE AND ENERGY; APPROVED TO RECEIVE INDIVIDUAL TRAINING ACCOUNTS THROUGH THE WORKFORCE INVESTMENT OPPORTUNITY ACT.
PROGRAMS THAT PROVIDE ECONOMIC ENHANCEMENT OPPORTUNITIES THROUGH EDUCATION, CAPACITY BUILDING, LEADERSHIP AND WORKFORCE SERVICES.
THE BILINGUAL MEDICAL ASSISTANT PROGRAM PROVIDES TRAINING IN SUCH AREAS AS ANATOMY AND PHYSIOLOGY, MEDICAL LAW AND ETHICS, PHARMACOLOGY, MICROCOMPUTER APPLICATIONS, MEDICAL OFFICE PROCEDURES, CPR, AND FIRST AID.
THE MEDICAL OFFICE SPECIALIST PROGRAM PROVIDES TRAINING IN SUCH AREAS AS ANATOMY AND PHYSIOLOGY, MEDICAL TERMINOLOGY, MEDICAL OFFICE PROCEDURES INSURANCE BILLING, CPT/ICD 9 CODING, AND MICROCOMPUTER APPLICATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elba Aranda-Suh Executive Director | OfficerTrustee | 40 | $146,329 |
Lori K Flores Chair | OfficerTrustee | 1 | $0 |
Oscar Regalado Vice-Chair | OfficerTrustee | 1 | $0 |
Jorge Diaz Treasurer | OfficerTrustee | 1 | $0 |
Matt Haughey Secretary | OfficerTrustee | 1 | $0 |
Meres Formosa Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $265,838 |
| Investment income | $53,177 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,288 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $496,851 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $136,948 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $268,275 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,219 |
| Payroll taxes | $28,255 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $79,890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,784 |
| Advertising and promotion | $3,870 |
| Office expenses | $38,872 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,906 |
| Travel | $877 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $59,175 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $125,013 |
| Insurance | $28,229 |
| All other expenses | $0 |
| Total functional expenses | $983,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,223 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $238,294 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,833 |
| Investments—publicly traded securities | $1,866,788 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,329,789 |
| Accounts payable and accrued expenses | $157,750 |
| Grants payable | $0 |
| Deferred revenue | $91,182 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,058,002 |
| Unsecured mortgages and notes payable | $85,822 |
| Other liabilities | $0 |
| Total liabilities | $1,392,756 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,937,033 |