Form 990 for tax year 2025
Filed by LATINO CHAMBER OF COMMERCE OF SOUTHEASTERN WISCONSIN INC.
Totals
- Total revenue
- $459,005
- Total expenses
- $386,597
- Contributions and grants received
- $352,016
- Grants paid
- $0
- Program service revenue
- $96,480
- Investment income
- $10,304
- Other revenue
- $205
- Total assets, end of year
- $672,334
- Total liabilities, end of year
- $440,629
- Net assets or fund balances, end of year
- $231,705
- Program services expenses (Part IX)
- $246,497
- Management and general expenses
- $140,100
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $246,497
Program services were 63.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$273,219
-
1f · All other contributions, gifts and grants
$78,797
-
2a · Program service revenue: Unsumit Event
total $16,743 · related or exempt $16,743
-
2b · Program service revenue: Gala Event
total $79,737 · related or exempt $79,737
-
3 · Investment income
total $10,304 · excluded $10,304
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: Processing Fees
total $205 · related or exempt $205
-
11e · Other revenue, total
$205
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $204,844 · program services $136,707 · management and general $68,137
-
9 · Other employee benefits
total $4,250 · program services $1,394 · management and general $2,856
-
10 · Payroll taxes
total $18,589 · program services $5,332 · management and general $13,257
-
11b · Fees: legal
total $850 · management and general $850
-
11c · Fees: accounting
total $6,325 · program services $4,590 · management and general $1,735
-
11g · Fees: other
total $510 · management and general $510
-
12 · Advertising and promotion
total $7,931 · program services $7,277 · management and general $654
-
13 · Office expenses
total $2,443 · program services $2,250 · management and general $193
-
14 · Information technology
total $11,216 · program services $9,410 · management and general $1,806
-
16 · Occupancy
total $11,383 · management and general $11,383
-
17 · Travel
total $1,984 · management and general $1,984
-
20 · Interest
total $22,000 · management and general $22,000
-
22 · Depreciation, depletion and amortization
total $708 · management and general $708
-
23 · Insurance
total $5,869 · program services $5,013 · management and general $856
-
24a · Other expenses: Professional Services
total $554 · program services $554
-
24b · Other expenses: General Venue Expenses
total $6,000 · program services $6,000
-
24c · Other expenses: Unsumit Event & Food Expense
total $1,476 · program services $1,476
-
24d · Other expenses: Gala Event
total $61,038 · program services $61,038
-
24e · All other expenses
total $18,627 · program services $5,456 · management and general $13,171
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $427,655 · end of year $404,796
-
4 · Accounts receivable
beginning of year $25,000 · end of year $72,500
-
7 · Other notes and loans receivable
beginning of year $87,697 · end of year $134,985
-
10a · Land, buildings and equipment: cost or other basis
$6,098
-
10b · Land, buildings and equipment: accumulated depreciation
$5,331
-
10c · Land, buildings and equipment, net
beginning of year $1,475 · end of year $767
-
15 · Other assets
beginning of year $60,281 · end of year $59,286
-
17 · Accounts payable and accrued expenses
beginning of year $13,100 · end of year $13,100
-
19 · Deferred revenue
beginning of year $17,659 · end of year $17,659
-
25 · Other liabilities
beginning of year $411,852 · end of year $409,870
-
27 · Net assets without donor restrictions
beginning of year $159,497 · end of year $231,705
Mission and programs · 2025
Mission
The organizations mission is to foster Wisconsins economic development by advocating, strengthening, and promoting the growth and development of Latino and other minority emerging enterprises to increase access to capital, business opportunities and job creation.
-
ARPA grant - Provide sustainability support and funding for businesses adversely affected by the Pandemic and subsequent inflation
Expenses $169,710 · Grants $170,819
-
Latino Economic Legacy Award Gala. This prestigious event represnts a historic milestone or the Chamber as it brings together business leaders, community stakeholders, and elected officials to recognize the outstanding achievements of Latino entrepreneurs who are shaping the futute of Wisconsin economy.
Expenses $61,038 · Revenue $18,699
-
WEDC grant - Provide technical assistance to low to moderate income individuals. Around 300 people served.
Expenses $8,273 · Grants $50,400
-
Latino Economic Unsummit convened corporations, government to address isssues affecting Latino owned business
Expenses $7,476 · Revenue $5,567
As filed on the 2025 return.
Listed in Part VII
-
Nelson Soler
President & Ex-Officio Board Member
- Total calculated
- $61,246
- From this org
- $61,246
- From related orgs
- $0
- Other
- $0
- Hours/week
- 25
-
Amanda Roman
Secretary of the Board
- Total calculated
- $0
- Hours/week
- 5
-
Ivan Cicla
Vice Chair
- Total calculated
- $0
- Hours/week
- 5
-
Eliana Williams
Chairwoman
- Total calculated
- $0
- Hours/week
- 10
-
Miguel Maldonado
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Jeff Musa
Director
- Total calculated
- $0
- Hours/week
- 1
-
Vincent Rice
Director
- Total calculated
- $0
- Hours/week
- 1
-
Carmo Martella
Director
- Total calculated
- $0
- Hours/week
- 1
-
Denisse Pachuca
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ric Ybarra
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tony Snell
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jaqueline Martinez
Director
- Total calculated
- $0
- Hours/week
- 1
-
Fernando Mihaic
Director
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 21 April 2026
- IRS schema version
- 2025v4.2
- Source object
- 202621819349300922
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