Midlands Latino Community Development Corporation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO PREPARE ENTREPRENEURS FOR SUCCESS THROUGH TRAINING, EDUCATION, AND ACCESS TO CAPITAL.
- Income
- $569,089
- Spending
- $599,491
- Spent on programs
- 71%
- Reserves
- 5.3 months of spending
- Largest source of income
- donations and private grants, 68%
- Employees
- 4
- Volunteers
- 0
- Highest pay
- $112,800, executive director
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 64 out of 100. Higher than 35% of charities in its peer group (community improvement, $250k to $1m).
Reserves
20 of 35Spendable reserves would cover 5.3 months of spending.
Debt
10 of 20It owes 43% of what it owns.
Living within its means
4 of 15Spending exceeded income by 5% of income.
Income trend
15 of 15Income rose 18% on the year before.
Spending floor
15 of 1571% of spending went to programs and raising each dollar of donations cost 6 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 92 out of 100. Higher than 83% of charities in its peer group (community improvement, $250k to $1m).
Independent board
25 of 257 of 7 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $153,453 spent. FINANCIAL STABILITY MLCDC PROVIDED FINANCIAL EDUCATION AND TRAINING IN SPANISH, ENGLISH, AND ARABIC, BOTH VIRTUALLY AND IN PERSON. IN 2024, WE SERVED 305 INDIVIDUALS IN THE GREATER OMAHA AREA AND EASTERN NEBRASKA, AS WELL AS 55 INDIVIDUALS IN COUNCIL BLUFFS, IOWA. THESE EDUCATIONAL PROGRAMS GENERATED MORE THAN 550 HOURS OF FOLLOW-UP FINANCIAL COACHING SERVICES. MLCDC ALSO PARTNERED WITH THE MEXICAN CONSULATE IN OMAHA, NEBRASKA, TO DELIVER WEEKLY PRESENTATIONS ON PERSONAL FINANCE TOPICS TO COMMUNITY MEMBERS.
- $272,131 spent. ENTREPRENEURSHIPMLCDC PROVIDED BUSINESS PLANNING, BUSINESS ADMINISTRATION TRAINING, AND TECHNICAL ASSISTANCE TO 180 STUDENTS ENROLLED IN THE BUSINESS PLAN CLASS. EIGHTY CLIENTS PARTICIPATED IN THE BUSINESS ADMINISTRATION CLASSES. APPROXIMATELY 80 PERCENT OF PARTICIPANTS WERE WOMEN. MLCDC ASSISTED WITH THE REGISTRATION OF 61 NEW LIMITED LIABILITY COMPANIES AND PROVIDED A TOTAL OF 1,050 HOURS OF TECHNICAL ASSISTANCE, INCLUDING SUPPORT WITH PRODUCT DEVELOPMENT, SALES TAX, EIN REGISTRATION, FINANCIAL PROJECTIONS, OPERATIONS, MARKETING, AND SALES. MLCDC CONTINUES TO PROVIDE TECHNICAL ASSISTANCE TO 241 BUSINESSES THAT HAVE REGISTERED SINCE 2019.
- LENDINGMLCDC CONTINUED TO PROVIDE LOAN SERVICING FOR FIVE MICROBUSINESS LOANS IN THE GREATER OMAHA AREA, WHICH HAVE RETAINED 27 JOBS SINCE 2021. MLCDC ALSO CONTINUED TO PROVIDE NEW LOANS THROUGH THE SUPPORT OF CED GRANTS AND LOCAL FOUNDATIONS TO HELP CREATE AND RETAIN JOBS IN THE GREATER OMAHA AREA.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 2007.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Could it be confused with another charity? Worth knowing.
A much larger organization has a similar name: Latino Community Development Center (Durham, NC), EIN 82-0551614. If that is the one you meant, check the EIN before giving.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.