Latino Educational Training Institute
- Assets
- $1.3m
- Revenue
- $929.8k
- Investments
- $0.0
- Employees
- 35
- Location
- Lynnwood, WA
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 75-3252857
Organization Overview
Latino Educational Training Institute is located in Lynnwood, WA. The organization was established in 2009. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Latino Educational Training Institute employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latino Educational Training 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 12/2021, Latino Educational Training Institute generated $929.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.9% each year . All expenses for the organization totaled $777.5k during the year ending 12/2021. While expenses have increased by 33.9% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO FACILITATE THE PERSONAL AND FINANCIAL SUCCESS OF SPANISH-SPEAKING AND BILINGUAL PERSONS AND INSPIRE LATINO YOUTH TO PURSUE THEIR DREAMS AND BECOME LEADERS IN THEIR COMMUNITIES. LETI STRIVES TO SUPPORT FAMILY SUCCESS AND WELLBEING THROUGH EDUCATION, CULTURAL AWARENESS, AND SOCIAL RESPONSIBILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENT ASSISTANCE IN SNOHOMISH COUNTYLETI IS SUBCONTRACTED BY VOLUNTEERS OF AMERICA AS A BY AND FOR PARTNER TO HELP SPANISH SPEAKING COMMUNITY MEMBERS APPLY FOR RENT ASSISTANCE. 201 FAMILIES WERE SERVED THROUGH THIS PROGRAM.
FOOD ASSISTANCE DURING THE COVID-19 PANDEMIC.OFFERED SUPPORT TO ORDER FOOD BANK BASKETS, EMERGENCY FRESH FRUIT AND VEGGIE VOUCHERS, SAFEWAY FOOD GIFT CARDS, AND EMERGENCY FAMILY DONATIONS. 317 TOTAL ORDERS PLACED IN 2021 THROUGH THE EDMONDS FOOD BANK. DISTRIBUTED 1,180 SAFEWAY GIFT CARDS ($50 EA). 52 CLIENTS FOR THE EMERGENCY FUNDING PROGRAM ($500 PER FAMILY FOR VARIETY OF NEEDS)
REGISTRATION FOR EDMONDS COLLEGETOTAL INDIVIDUALS REGISTERED WITH AID FROM LETI INCLUDE :GENERAL HIGH SCHOOL EQUIVALENCY (SPANISH GED) 196 INDIVIDUALSINTRO TO COLLEGE SUCCESS 204 INDIVIDUALSENGLISH CONVERSION CLASSES 150 INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosario Reyes President | OfficerTrustee | 5 | $44,135 |
Rees Clark Vice President/treasurer | OfficerTrustee | 4.81 | $0 |
Diana Morelli Secretary | OfficerTrustee | 0.92 | $0 |
Mel Cossette Director | Trustee | 1.15 | $0 |
Alfredo Chancco Director | Trustee | 0.23 | $0 |
Sally Guzman Director | Trustee | 0.48 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $186,906 |
| All other contributions, gifts, grants, and similar amounts not included above | $730,953 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $917,859 |
| Total Program Service Revenue | $0 |
| Investment income | $189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,735 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $929,783 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $59,781 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $141,117 |
| Compensation of current officers, directors, key employees. | $1,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $345,526 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $50,747 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,639 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,854 |
| Office expenses | $1,599 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,270 |
| Travel | $1,696 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,775 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,653 |
| Insurance | $2,814 |
| All other expenses | $22,906 |
| Total functional expenses | $777,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $396,657 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $655 |
| Net Land, buildings, and equipment | $901,685 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,484 |
| Other assets | $0 |
| Total assets | $1,306,481 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Secured mortgages and notes payable | $917,724 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,095 |
| Total liabilities | $922,819 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $383,662 |
| Total liabilities and net assets/fund balances | $1,306,481 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Latino Educational Training Institute has recieved totaling $483,413.
| Awarding Organization | Amount |
|---|---|
Group Health Foumdaiton Seattle, WA PURPOSE: GENERAL OPERATING SUPPORT | $325,000 |
North Sound Accountable Community Of Health Bellingham, WA PURPOSE: IMPROVE HEALTH AND HEALTHCARE SYSTEM ACROSS NORTH SOUND REGION/COVID RESPONSE. | $85,628 |
The Seattle Foundation Seattle, WA PURPOSE: VACCINATION EFFORTS IN DISPROPORTIONATELY IMPACTED COMMUNITIES | $40,000 |
Community Foundation Of Snohomish County Everett, WA PURPOSE: CARES VACCINE EQUITY | $22,770 |
Schools Out Washington Seattle, WA PURPOSE: Washington Youth Development Nonprofit Relief Fund | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Uw Physicians Network Seattle, WA | $28,108,083 | $71,347,510 |
Snohomish County Workforce Development Council Everett, WA | $4,878,979 | $47,934,088 |
Eastern Aleutian Tribes Inc Anchorage, AK | $24,179,312 | $16,987,359 |
International Society For Technology In Education Portland, OR | $20,256,205 | $13,556,365 |
Public School Employees Of Washington Auburn, WA | $10,924,728 | $12,530,239 |
Washington State Charter Schools Association Seattle, WA | $13,158,502 | $7,768,416 |
Bluum Inc Boise, ID | $2,040,780 | $9,996,338 |
Native Project Spokane, WA | $18,009,954 | $13,503,494 |
Spokane International Academy Spokane, WA | $28,868,838 | $9,309,601 |
Pride Prep Schools Spokane, WA | $4,483,995 | $8,242,945 |
Oregon School Employees Association 133 Salem, OR | $7,639,516 | $7,655,217 |
Washington Manufacturing Services Bothell, WA | $3,899,855 | $7,541,918 |