Skip to content
Nonprofiteer
← LATINO CHAMBER OF COMMERCE OF DANE COUNTY INC

Form 990 for tax year 2023

Filed by LATINO CHAMBER OF COMMERCE OF DANE COUNTY INC.

Totals

Total revenue
$1,010,761
Total expenses
$1,097,121
Contributions and grants received
$977,504
Grants paid
$18,569
Program service revenue
$32,792
Investment income
$465
Other revenue
$0
Total assets, end of year
$2,110,375
Total liabilities, end of year
$1,609,174
Net assets or fund balances, end of year
$501,201
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.

  • 1e · Government grants (contributions)

    $623,675

  • 1f · All other contributions, gifts and grants

    $353,829

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $19,945 · related or exempt $19,945

  • 2b · Program service revenue: PROGRAM REVENUE

    total $12,847 · related or exempt $12,847

  • 3 · Investment income

    total $465 · excluded $465

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $18,500

  • 2 · Grants to domestic individuals

    total $69

  • 5 · Compensation of officers, directors and key employees

    total $62,235

  • 7 · Other salaries and wages

    total $331,745

  • 9 · Other employee benefits

    total $27,867

  • 10 · Payroll taxes

    total $30,181

  • 11b · Fees: legal

    total $1,433

  • 11c · Fees: accounting

    total $47,200

  • 11e · Fees: professional fundraising services

    total $46,200

  • 11g · Fees: other

    total $76,681

  • 12 · Advertising and promotion

    total $72,566

  • 13 · Office expenses

    total $27,705

  • 14 · Information technology

    total $108,196

  • 16 · Occupancy

    total $74,413

  • 17 · Travel

    total $10,606

  • 19 · Conferences, conventions and meetings

    total $31,568

  • 20 · Interest

    total $49,961

  • 22 · Depreciation, depletion and amortization

    total $27,420

  • 23 · Insurance

    total $6,564

  • 24a · Other expenses: PROGRAM SUPPLIES AND EX

    total $45,461

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $550

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $140,737 · end of year $538,763

  • 2 · Savings and temporary cash investments

    beginning of year $49,626 · end of year $137,571

  • 3 · Pledges and grants receivable

    beginning of year $418,046 · end of year $314,197

  • 4 · Accounts receivable

    beginning of year $0 · end of year $4,750

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,257 · end of year $2,015

  • 10a · Land, buildings and equipment: cost or other basis

    $1,167,049

  • 10b · Land, buildings and equipment: accumulated depreciation

    $55,909

  • 10c · Land, buildings and equipment, net

    beginning of year $1,118,929 · end of year $1,111,140

  • 15 · Other assets

    beginning of year $0 · end of year $1,939

  • 17 · Accounts payable and accrued expenses

    beginning of year $128,706 · end of year $117,109

  • 19 · Deferred revenue

    beginning of year $0 · end of year $492,834

  • 23 · Secured mortgages and notes payable

    beginning of year $1,017,465 · end of year $998,282

  • 24 · Unsecured notes and loans payable

    beginning of year $100,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $949

  • 27 · Net assets without donor restrictions

    beginning of year $463,424 · end of year $219,571

  • 28 · Net assets with donor restrictions

    beginning of year $25,000 · end of year $281,630

Mission and programs · 2023

Mission

OUR MISSION IS TO MAXIMIZE ECONOMIC DEVELOPMENT AND JOB CREATION THROUGH ADVOCACY AND PROGRAMS THAT GENERATE SUCCESS AND VALUE FOR OUR LATINO AND NON-LATINO BUSINESS COMMUNITY.

Activities or mission (Part I)

PROMOTION OF THE ECONOMIC DEVELOPMENT OF THE LATINO COMMUNITY.

  • THE LATINO CHAMBER OF COMMERCE OF DANE COUNTY REPRESENTS THE LATINO AND NON-LATINO BUSINESS COMMUNITY IN THE GREATER MADISON AND SURROUNDING CITIES. WE ASSIST AND PROMOTE THE INTERESTS OF OUR MEMBERS AND COMMUNITY THROUGH ADVOCACY AND PROGRAMS THAT MAKE AN OVERALL IMPACT TO DANE COUNTY'S ECONOMIC GROWTH. THE DIVERSE RELATIONSHIP OF OUR ACTIVE MEMBERS AND PARTNERS IS AN IDEAL MIXTURE OF SMALL BUSINESS OWNERS, CORPORATE REPRESENTATIVES, AND GOVERNMENT LEADERS.AS REGIONAL LEADERS, WE ARE COMMITTED TO PROMOTING A FAVORABLE BUSINESS CLIMATE, TO ADVANCING ECONOMIC DEVELOPMENT, AND TO PROVIDE FAIR EQUITABLE ACCESS TO THE MARKETPLACE FOR EMERGING AND EXISTING BUSINESSES. OUR MEMBERS OF SMALL AND MEDIUM-SIZED BUSINESSES ARE THE BACKBONE OF OUR LOCAL ECONOMY WHICH IS WHY WE STRONGLY EMPHASIZE THE IMPORTANCE OF OUR CHAMBER OF COMMERCE NETWORK AND CONTACTS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Marcio Sierra

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Ray Feliz

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Nury Castillo

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Priscilla Prado

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Sarita Mannigel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Kornemann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Vic Villacrez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Carole Schaeffer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dave Heide

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jessica Cavazos

    PRESIDENT AND CEO

    Total calculated
    $62,235
    From this org
    $61,094
    From related orgs
    $0
    Other
    $1,141
    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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433209349310728

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.