Form 990 for tax year 2022
Filed by LATIN BUSINESS CHAMBER OF GREATER LOS ANGELES.
Totals
- Total revenue
- $286,348
- Total expenses
- $366,650
- Contributions and grants received
- $232,843
- Grants paid
- $32,000
- Program service revenue
- $15,877
- Investment income
- $128
- Other revenue
- $37,500
- Total assets, end of year
- $141,892
- Total liabilities, end of year
- $19,683
- Net assets or fund balances, end of year
- $122,209
- Program services expenses (Part IX)
- $299,720
- Management and general expenses
- $66,930
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $199,799
Program services were 81.7% 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.
-
1b · Membership dues
$115,343
-
1f · All other contributions, gifts and grants
$117,500
-
2a · Program service revenue: WEBINARS
total $15,877 · related or exempt $15,877
-
3 · Investment income
total $128 · related or exempt $128
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: SBA PPP Loan Forgiveness
total $37,500 · related or exempt $37,500
-
11e · Other revenue, total
$37,500
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $32,000 · program services $32,000
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $65,204 · program services $52,163 · management and general $13,041
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $10,763 · program services $8,610 · management and general $2,153
-
14 · Information technology
total $1,402 · program services $1,122 · management and general $280
-
15 · Royalties
total $0
-
16 · Occupancy
total $288 · program services $230 · management and general $58
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $15,739 · program services $12,591 · management and general $3,148
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $41 · program services $33 · management and general $8
-
24a · Other expenses: Meeting & Venue Costs
total $117,425 · program services $93,940 · management and general $23,485
-
24b · Other expenses: Leased Employees
total $84,902 · program services $67,922 · management and general $16,980
-
24c · Other expenses: Printing and Publications
total $18,425 · program services $14,740 · management and general $3,685
-
24d · Other expenses: Dues & Subscriptions
total $12,651 · program services $10,121 · management and general $2,530
-
24e · All other expenses
total $7,810 · program services $6,248 · management and general $1,562
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $65,666 · end of year $88,492
-
2 · Savings and temporary cash investments
beginning of year $34,027 · end of year $53,400
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $140,318 · end of year $0
-
25 · Other liabilities
beginning of year $37,500 · end of year $19,683
-
27 · Net assets without donor restrictions
beginning of year $202,511 · end of year $122,209
Mission and programs · 2022
Mission
ECONOMIC DEVELOPMENT OF THE LATINO COMMUNITY
-
MEETINGS TO PROMOTE THE ECONOMIC DEVELOPMENT OF THE LATINO BUSINESS COMMUNITY
Expenses $199,799
As filed on the 2022 return.
Listed in Part VII
-
Gilbert R VasquezGILBERT R VASQUEZ
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
David LizarragaDAVID LIZARRAGA
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Ernest CamachoERNEST CAMACHO
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Moctezuma EsparzaMOCTEZUMA ESPARZA
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Gina Zapanta-AlderGINA ZAPANTA-ALDER
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Diana RodriguezDIANA RODRIGUEZ
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Elizabeth MartinezELIZABETH MARTINEZ
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Loriann SernaLORIANN SERNA
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Robert AlanizROBERT ALANIZ
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Rudy GutierrezRUDY GUTIERREZ
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
David MoraDAVID MORA
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Julius ArgumedoJULIUS ARGUMEDO
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Dorene DominguezDORENE DOMINGUEZ
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Darrel SaucedaDARREL SAUCEDA
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Frank VillalobosFRANK VILLALOBOS
Vice Chair
- Total calculated
- $0
- Hours/week
- 2
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.
-
LATINO BUS CHAMBER OF GREATER LA FOUND
ASSIST, ORGANIZE & UNIFY LATINO BUSINESS · CA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303179349306455
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