Latino Learning Center Inc
- Assets
- $406.2k
- Revenue
- $213.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Houston, TX
- Founding
- 07/1980
- Data as of
- 12/2020
- EIN
- 74-2103741
Organization Overview
Latino Learning Center Inc is located in Houston, TX. The organization was established in 1980. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 12/2021, Latino Learning Center Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latino Learning Center Inc 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 12/2020, Latino Learning Center Inc generated $213.2k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $168.7k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (11.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EDUCATIONAL AND HUMAN SUPPORT SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AGENCY PROVIDES EDUCATION AND JOB TRAINING IN VOCATIONAL AND TECHNICAL FIELDS TO ECONOMICALLY DISADVANTAGED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodolfo Gonzalez President & | Officer | 45 | $92,860 |
Mitchell C Contreras Chairman | Trustee | 12 | $0 |
Jeanie Aleman Vice Chairma | Trustee | 12 | $0 |
Alfonso Maldonado Secretary | Trustee | 2 | $0 |
Armando Lozano Director | Trustee | 12 | $0 |
John Aleman Treasurer | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,460 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,718 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,178 |
| Total Program Service Revenue | $4,623 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $169,600 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $3,798 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $213,199 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $39,582 |
| Compensation of current officers, directors, key employees. | $5,937 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,179 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,854 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,350 |
| Advertising and promotion | $201 |
| Office expenses | $5,225 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,824 |
| Travel | $1,128 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,141 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,964 |
| Insurance | $1,083 |
| All other expenses | $768 |
| Total functional expenses | $168,678 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$3,686 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,950 |
| 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 | $0 |
| Net Land, buildings, and equipment | $326,512 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,387 |
| Total assets | $406,163 |
| Accounts payable and accrued expenses | $11,785 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $156,379 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $64,280 |
| Total liabilities | $232,444 |
| Net assets without donor restrictions | $173,719 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $406,163 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Latino Learning Center Inc has recieved totaling $17,500.
| Awarding Organization | Amount |
|---|---|
Strake Foundation Houston, TX PURPOSE: EDUCATIONAL TRAINING PROGRAMS | $10,000 |
The Methodist Hospital Houston, TX PURPOSE: COMMUNITY SERVICE | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North American University Stafford, TX | $17,187,030 | $12,287,470 |
Genesys Works Houston, TX | $3,513,316 | $7,886,001 |
Agape Development Ministries Houston, TX | $5,335,198 | $3,787,112 |
Gulf Coast Trades Center New Waverly, TX | $3,594,934 | $4,661,220 |
Rgr Industries Inc Weslaco, TX | $113,711 | $4,345,199 |
Local 798 Training Center Tulsa, OK | $15,089,944 | $2,364,355 |
The Texas International Institute Of Health Professions Houston, TX | $1,051,100 | $3,423,750 |
Gulf Coast Safety Council St Rose, LA | $8,585,164 | $3,314,134 |
Leaders In Education Houston, TX | $4,759,065 | $5,189,161 |
New Orleans Career Center New Orleans, LA | $1,143,787 | $3,091,199 |
Valley Grande Institute For Academic Studies Weslaco, TX | $6,074,695 | $3,497,097 |
New Mexico Pipe Trades Joint Apprenticeship Fund Albuquerque, NM | $5,396,358 | $2,206,148 |