Form 990 for tax year 2024
Filed by LATIN AMERICAN CHAMBER OF COMMERCE OF CHARLOTTE.
Totals
- Total revenue
- $724,124
- Total expenses
- $1,119,326
- Contributions and grants received
- $372,711
- Grants paid
- $27,800
- Program service revenue
- $351,413
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $308,004
- Total liabilities, end of year
- $43,074
- Net assets or fund balances, end of year
- $264,930
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
1d · Related organizations
$100,000
-
1e · Government grants (contributions)
$259,190
-
1f · All other contributions, gifts and grants
$13,521
-
2a · Program service revenue: SPONSORSHIP REVENUE
total $235,500 · related or exempt $235,500
-
2b · Program service revenue: EVENT REVENUE
total $62,250 · related or exempt $62,250
-
2c · Program service revenue: MEMBERSHIP DUES
total $50,175 · related or exempt $50,175
-
2d · Program service revenue: DIGITAL MARKETING
total $3,431 · related or exempt $3,431
-
2e · Program service revenue: ONLINE SALES
total $57 · related or exempt $57
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $27,800
-
5 · Compensation of officers, directors and key employees
total $124,216
-
7 · Other salaries and wages
total $85,806
-
9 · Other employee benefits
total $32,479
-
10 · Payroll taxes
total $17,376
-
11b · Fees: legal
total $4,000
-
11c · Fees: accounting
total $51,147
-
11g · Fees: other
total $55,305
-
12 · Advertising and promotion
total $41,907
-
13 · Office expenses
total $29,477
-
14 · Information technology
total $19,003
-
16 · Occupancy
total $12,387
-
17 · Travel
total $4,798
-
19 · Conferences, conventions and meetings
total $7,098
-
23 · Insurance
total $6,309
-
24a · Other expenses: EVENT EXPENSES
total $587,886
-
24b · Other expenses: BAD DEBT EXPENSE
total $11,606
-
24c · Other expenses: MISCELLANEOUS EXPENSE
total $726
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $492,027 · end of year $144,683
-
4 · Accounts receivable
beginning of year $44,623 · end of year $58,913
-
9 · Prepaid expenses and deferred charges
beginning of year $2,006 · end of year $2,662
-
10a · Land, buildings and equipment: cost or other basis
$4,741
-
10b · Land, buildings and equipment: accumulated depreciation
$4,741
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $22,563 · end of year $101,746
-
17 · Accounts payable and accrued expenses
beginning of year $10,658 · end of year $43,074
-
27 · Net assets without donor restrictions
beginning of year $550,561 · end of year $264,930
Mission and programs · 2024
Mission
TO FOSTER THE ECONOMIC GROWTH AND DEVELOPMENT OF THE LATIN AMERICAN BUSINESS COMMUNITY IN THE CHARLOTTE, NC REGION WITH A PLATFORM OF EVENTS AND PROGRAMS THAT INCLUDE OPPORTUNITIES IN NETWORKING, MENTORING, ACCESS, RETOOLING SEMINARS, LEADERSHIP DEVELOPMENT, AND ACCULTURATION TO HELP THAT BUSINESS COMMUNITY SUCCEED IN THE US BUSINESS ENVIRONMENT.
-
CONNECT AND EMPOWER LATINO AND NON-LATINO BUSINESSES, ENTREPRENEURS, AND PROFESSIONALS TO DO BUSINESS AMONG EACH OTHER AS WELL AS WITH LARGE CORPORATIONS AND STRATEGIC PARTNERS IN ORDER TO FIND OPPORTUNITIES FOR GROWTH, PROSPERITY AND FASTER INTEGRATION IN OUR ECONOMY. THE ORGANIZATION HOSTED 16 EVENTS THROUGHOUT THE YEAR WITH 6 PROGRAMS AND 22 SEMINARS ON DIFFERENT TOPICS.
-
PROVIDE INFORMATION AND BUSINESS REFERRALS TO MEMBERS OF THE LATIN AMERICAN BUSINESS COMMUNITY IN CHARLOTTE IN ADDITION TO PROGRAMS BASED ON SMALL BUSINESS RESOURCES AND WORKFORCE DEVELOPMENT. 6 PROGRAMS WERE OFFERED THROUGHOUT THE YEAR SERVING 153 CLIENTS WITH A VARIETY BEING STUDENTS AND SMALL BUSINESS OWNERS.
-
PROVIDE SEMINARS ON RELEVANT BUSINESS AND COMMUNITY TOPICS. SEMINARS FOCUSED ON SMALL BUSINESS TOPICS, FINANCIAL LITERACY, AND TECHNICAL SKILLS FOR THE COMMUNITY. 22 SEMINARS WERE OFFERED THROUGHOUT THE YEAR SERVING 324 CLIENTS.
-
HELD WORKSHOPS FOR THE DUTIES OF MEMBERSHIP DIRECTORS.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Simon Munoz-AlvarezSIMON MUNOZ-ALVAREZ
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Johanna SuarezJOHANNA SUAREZ
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
John RojasJOHN ROJAS
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Erlan MartinozERLAN MARTINOZ
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Tiffany AndersTIFFANY ANDERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mario MendiganaMARIO MENDIGANA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Federico CarballoFEDERICO CARBALLO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marta TatajeMARTA TATAJE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Danilo FormoloDANILO FORMOLO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Peter MorganPETER MORGAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Natalia SanchezNATALIA SANCHEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ivan Diaz-CamposIVAN DIAZ-CAMPOS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Thomas ParksTHOMAS PARKS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Pacino MancillasPACINO MANCILLAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Griselda BaileyGRISELDA BAILEY
OUTGOING - PRESIDENT & CEO
- Total calculated
- $114,850
- From this org
- $114,850
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Badih AranaBADIH ARANA
CFO
- Total calculated
- $9,366
- From this org
- $9,366
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Manuel ReyMANUEL REY
INCOMING - PRESIDENT & CEO
- Total calculated
- $18,958
- From this org
- $18,958
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · PROVIDE EDUCATIONAL PROGRAMMING FOR THE HISPANIC ENTREPRENEURIAL COMMUNITY · NC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 6 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503149349300625
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