Latino Economic Development Corporation logo

Latino Economic Development Corporation

Public charity · Grantmaker Springfield, MA EIN: 88-1698006 Website

To develop and support latino businesses in Massachusetts; to promote and support the economic, civic and socialwelfare of the latino community in Massachusetts; to promote and support economic growth business developmentin the latino community in Massachusetts; to engage in any other civic, educational, charitable or benevolentactivity permitted under the provisions of chapter 180 of the general law of the commonwealth.

Key facts about Latino Economic Development Corporation

In short: Latino Economic Development Corporation gave $24K across 4 grants in 2025 (avg $6K), mostly in Massachusetts. Source: 2025 IRS Form 990.

EIN
88-1698006
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$24,000
Grants made (2025)
4
Average grant
$6,000
Median grant
$6,000
Total assets
$636,488
Primary geography
Massachusetts (100% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$636K

+39.9% YoY

Annual Giving

$24K

Grant Count

4

Avg Grant Size

$6K

About Latino Economic Development Corporation

Based on IRS filings

Latino Economic Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Springfield, MA. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $636K in total assets. In 2025, it awarded 4 grants totaling $24K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 4 itemized grants.

Cities

Springfield

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K0 grants2022 0 grants2023 0 grants2024 4 grants2025

In 2025 it made 4 grants totaling $24K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2025

A1 Priority Towing & Service LLC: $6KA1 Priority Towing & ServiceLLC$6KBella Luna Aesthetics and Wellness LLC: $6KBella Luna Aesthetics andWellness LLC$6KRozki Rides LLC: $6KRozki Rides LLC$6KSweetera & CO: $6KSweetera & CO$6K

The largest 2025 recipient was A1 Priority Towing & Service LLC ($6K). Together the top 4 received $24K.

Grant Size Distribution

4 grants across all recorded years

4<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 4 grants of 4 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
A1 Priority Towing & Service LLC Springfield, MABusiness Support/Operations Support$6,000
Bella Luna Aesthetics and Wellness LLC Springfield, MABusiness Support/Operations Support$6,000
Rozki Rides LLC Springfield, MABusiness Support/Operations Support$6,000
Sweetera & CO Springfield, MABusiness Support/Operations Support$6,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
$0$250K$500K$750K$1M2022 2023 2024 2025
Metric202520242023
Total Assets$636,488$455,053—
Revenue$825,230$427,217$2,510
Expenses$849,602$473,942$252,389

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-EZ for fiscal year 2022 (received by the IRS May 14, 2024)
  2. Updated Form 990-EZ for fiscal year 2023 (received by the IRS May 14, 2024)
  3. Added Form 990 for fiscal year 2025 (received by the IRS May 15, 2026)

Leadership & Key People

Officers and directors from IRS filings

Latino Economic Development Corporation is led by Daniel Knapik, Chairman & President since 2025 (on filings since 2022); none of the 7 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Daniel Knapik

    Chairman & President

    Clerk → President, 2024

    President → Chairman & President, 2025

    On filings since 2022

    1 hr/week

    No compensation reported

  • Norman Roldan

    President

    Director → President, 2025

    On filings since 2022

    1 hr/week

    No compensation reported

  • Lydia Martinez

    Director

    Director → Current President, 2024

    Current President → Director, 2025

    On filings since 2022

    1 hr/week

    No compensation reported

  • Jorge Colon

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

  • Jose Claudio

    Treasurer

    Director → Clerk, 2024

    Clerk → Treasurer, 2025

    On filings since 2022

    1 hr/week

    No compensation reported

  • Beth Chague

    Treasurer

    On filings since 2024

    1 hr/week

    No compensation reported

  • Joesiah Gonzalez

    Clerk

    New on the 2025 filing

    1 hr/week

    No compensation reported

Former officers (3)
  • Former: Heriberto Flores (2022–2023) — Chairman & President
  • Former: John Motto (2022–2023) — Treasurer
  • Former: Andrew Hyrniewicz (2023) — Treasurer

Data from IRS Form 990 filings, 2022–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Latino Economic Development Corporation

How much does Latino Economic Development Corporation give each year?

Latino Economic Development Corporation gave $24K across 4 grants in 2025, according to its 2025 IRS Form 990.

What is Latino Economic Development Corporation's typical grant size?

Latino Economic Development Corporation's median grant in 2025 was $6,000, and its average grant was $6,000, across 4 grants on its 2025 IRS Form 990.

Where does Latino Economic Development Corporation give grants?

Latino Economic Development Corporation gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Springfield, MA (4 grants).

Does Latino Economic Development Corporation give general operating support?

Not in 2025: none of the 4 grants with a stated purpose on Latino Economic Development Corporation's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Business Support/Operations Support" (4 grants).

How large is Latino Economic Development Corporation?

Latino Economic Development Corporation reported $636K in total assets on its 2025 IRS Form 990. Its revenue that year was $825K.

What is Latino Economic Development Corporation?

Latino Economic Development Corporation is a public charity focused on Community Improvement & Capacity Building, based in Springfield, MA. It holds $636K in total assets as of 2025.

What is Latino Economic Development Corporation's EIN?

Latino Economic Development Corporation's EIN (Employer Identification Number) is 88-1698006. IRS Form 990 filing data is available on this page for 2022–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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