LATINO CORPORATE DIRECTORS ASSOCIATION

EIN: 461866372 Education

WASHINGTON, DC

Total Revenue
$2,966,785
Total Expenses
$2,990,198
Total Assets
$1,196,320
Net Assets
$979,184
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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
DE
Principal Officer
OSWALDO GROMADA MEZA
Phone
2024306954
Tax Period
2024-01-01 to 2024-12-31

LATINO CORPORATE DIRECTORS ASSOCIATION, founded in 2013, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

THE LATINO CORPORATE DIRECTORS ASSOCIATION (LCDA) IS A NEW AND DYNAMIC ASSOCIATION THAT HAS BEEN FULLY OPERATIONAL SINCE 2016. LCDA IS COMPRISED OF US SENIOR EXECUTIVES THAT SERVE ON PUBLICLY TRADED OR LARGE PRIVATELY HELD COMPANY BOARDS, AS WELL AS C-LEVEL ASPIRING DIRECTORS. IT CONVENES ACCOMPLISHED EXECUTIVES AT THE HIGHEST LEVELS OF CORPORATE LEADERSHIP WHO ARE COMMITTED TO PAYING IT FORWARD AND ADVANCING THE MISSION TO DEVELOP, SUPPORT AND INCREASE THE NUMBER OF US LATINOS ON CORPORATE BOARDS. OUR MODEL IS FOCUSED ON EXPANDING OPPORTUNITIES AND LIFTING UP THE NEXT WAVE OF LATINO DIRECTORS. LCDA ENVISIONS BEING THE PREEMINENT ASSOCIATION OF US LATINA AND LATINO CORPORATE DIRECTORS AND A TRUSTED SOURCE FOR US CORPORATIONS AND SEARCH FIRMS SEEKING BOARD TALENT. TO THAT END, WE ARE AT THE FOREFRONT IN PREPARING SENIOR EXECUTIVES FOR BOARD SERVICE AND PROMOTING THEM ONTO BOARDROOMS. LCDA MEMBERS OCCUPY MORE THAN 30% OF THE BOARD SEATS HELD BY LATINOS ON FORTUNE 1000 COMPANIES. WE HAVE MORE THAN 250 MEMBERS WHO HOLD SEATS ON PUBLICLY TRADED AND PRIVATELY HELD BOARDS INCLUDING TARGET, HP, FORD MOTOR COMPANY, CBS, HONEYWELL INTERNATIONAL, SOUTHWEST AIRLINES, LEVI-STRAUSS, BANK OF AMERICA, RYDER, AUTOZONE, ARCHER DANIELS MIDLAND, AND CINEMARK, TO NAME A FEW. CURRENTLY, LCDA OFFERS TWO MEMBERSHIP CATEGORIES, DIRECTOR AND EXECUTIVE, AND PROVIDES SERVICES AND PROGRAMMING THAT EMPOWER DIRECTORS AND ASPIRING DIRECTORS TO LEAD WITH CONFIDENCE AND EXCELLENCE IN THE BOARDROOM. LCDA SERVES AS AN ADVOCATE AND RESOURCE TO CORPORATE BOARDS, SEARCH FIRMS, PRIVATE EQUITY, AND INSTITUTIONAL INVESTORS INTERESTED IN GAINING ACCESS TO EXCEPTIONAL BOARD TALENT. OUR PROGRAM AREAS FOCUS ON GROWING THE SUPPLY OF HIGH-CALIBER BOARDROOM CANDIDATES AND PROVIDING QUALITY CORPORATE GOVERNANCE PROGRAMMING FOR EXPERIENCED AND ASPIRING DIRECTORS. WE FOCUS ON THREE STRATEGIC AREAS: GROW THE SUPPLY: PROVIDE PROGRAMS DESIGNED TO IDENTIFY, PREPARE, AND GROW THE POOL OF BOARD-QUALIFIED CANDIDATES. GROW THE DEMAND: WORK WITH STRATEGIC PARTNERS AND INFLUENCERS TO INCREASE OPPORTUNITIES FOR A GREATER NUMBER OF TALENTED LATINOS TO SERVE ON CORPORATE BOARDS. RAISE AWARENESS: CONVENE DIRECTORS AND LEADING AUTHORITIES TO PROMOTE EXCELLENCE IN CORPORATE GOVERNANCE AND PROMOTE THOUGHT LEADERSHIP ON BOARD DIVERSITY.

Program Service Accomplishments

Program 1

LCDA'S MISSION IS TO DEVELOP, SUPPORT AND INCREASE THE NUMBER OF US HISPANIC/LATINOS ON CORPORATE BOARDS. WE ACCOMPLISH THIS MISSION THROUGH SEVERAL STRATEGIC PROGRAMMATIC FOCUS AREAS: MEMBERSHIP...

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LCDA'S MISSION IS TO DEVELOP, SUPPORT AND INCREASE THE NUMBER OF US HISPANIC/LATINOS ON CORPORATE BOARDS. WE ACCOMPLISH THIS MISSION THROUGH SEVERAL STRATEGIC PROGRAMMATIC FOCUS AREAS: MEMBERSHIP, DEMAND, AND TALENT SERVICES.IN 2024, LCDA MARKED SEVERAL SIGNIFICANT ACHIEVEMENTS:-ACHIEVED 20% MEMBERSHIP GROWTH, BRINGING US TO NEARLY 700 MEMBERS-LCDA FACILITATED OVER 550 ONE-ON-ONE INTRODUCTIONS BETWEEN LATINO BOARD-READY EXECUTIVES AND LEADING SEARCH FIRMS, PRIVATE EQUITY ORGANIZATIONS, AND BOARDS.-PARTICIPATED IN OVER 140 BOARD EXECUTIVE SEARCHES, EXPANDING OPPORTUNITIES FOR LATINO REPRESENTATION. TODAY, WE HAVE EXTRAORDINARY INFLUENCE AND POTENTIAL.AS WE VENTURE INTO 2025, LCDA IS POISED TO GATHER AND MAP OUT A BOLD NEW VISION FOR THE YEARS AHEAD. IT WILL LAUNCH A COMPREHENSIVE MEMBER AND STAKEHOLDER SURVEY WHOSE FINDINGS WILL HELP THE BOARD BEGIN KEY DISCUSSIONS ON A STRATEGIC PLAN FORWARD. ALL WHILE SUSTAINING ITS LEVEL OF FUNDING AND OPERATIONAL PERFORMANCE ACROSS ITS TOP PRIORITIES.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,484,000
Program Service Revenue $1,463,776
Investment Income $10,870
Other Revenue $8,139
TOTAL REVENUE $2,966,785

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,904,040
Fundraising Expenses $0
Other Expenses $1,086,158
TOTAL EXPENSES $2,990,198

Year-over-Year Comparison

2024 2023 Change
Revenue $2,966,785 $2,637,132 +0.1%
Expenses $2,990,198 $2,604,809 +0.1%
Net Income $-23,413 $32,323 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
16
Volunteers
17

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$338,963
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH OLIVER-FARROW CHAIR 1.50
Officer Director
$0 $0 $0
JOSE RODRIGUEZ FIRST VICE CHAIR 1.50
Officer Director
$0 $0 $0
ADIS MARIA VILA SECOND VICE CHAIR 1.50
Officer Director
$0 $0 $0
ANA DUTRA SECRETARY 1.50
Officer Director
$0 $0 $0
PEDRO DEJESUS TREASURER 1.50
Officer Director
$0 $0 $0
JOE ALVARADO DIRECTOR 1.00
Director
$0 $0 $0
VICTOR ARIAS DIRECTOR 1.00
Director
$0 $0 $0
BERNADETTE AULESTIA DIRECTOR 1.00
Director
$0 $0 $0
LOUIS CALDERA DIRECTOR 1.00
Director
$0 $0 $0
ROEL CAMPOS DIRECTOR 1.00
Director
$0 $0 $0
ADELA CEPEDA DIRECTOR 1.00
Director
$0 $0 $0
CYNTHIA COMPARIN DIRECTOR 1.00
Director
$0 $0 $0
MANNY FERNANDEZ DIRECTOR 1.00
Director
$0 $0 $0
DOLORES KUNDA DIRECTOR 1.00
Director
$0 $0 $0
PAT PINEDA DIRECTOR 1.00
Director
$0 $0 $0
DEBRA SANDLER DIRECTOR 1.00
Director
$0 $0 $0
ALEJANDRO SILVA DIRECTOR 1.00
Director
$0 $0 $0
OSWALDO GROMADA MEZA PRESIDENT/CEO 40.00
Officer
$324,000 $14,963 $338,963
CARMEN JOGE VP, PROGRAMS & OPERATIONS 40.00
Highest
$170,500 $18,125 $188,625
WENDY STURLEY VP, EVENTS 40.00
Highest
$126,861 $18,443 $145,304
MONIQUE NAVARRO ASSOCIATE VP, MARKETING & COMMUNICATIONS 40.00
Highest
$127,000 $15,950 $142,950
TRACY MICHELLE LEON DIRECTOR OF TALENT AND DEMAND 40.00
Highest
$125,500 $8,744 $134,244
LESLIE GAMBRELL DIRECTOR OF MEMBERSHIP 40.00
Highest
$104,176 $11,516 $115,692
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,966,785 $2,990,198 $1,196,320 $-23,413
2023 $2,637,132 $2,604,809 $1,130,569 $32,323
2022 $2,155,315 $2,078,737 $1,089,441 $76,578
2021 $1,810,622 $1,423,765 $1,008,195 $386,857
2020 $1,047,217 $1,037,379 $549,107 $9,838
2019 $939,267 $885,998 $544,095 $53,269
2018 $699,305 $605,589 $524,904 $93,716
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