Form 990 for tax year 2022
Filed by LATIN AMERICAN ASSOCIATION INC.
Totals
- Total revenue
- $6,306,789
- Total expenses
- $6,324,073
- Contributions and grants received
- $4,953,562
- Grants paid
- $645,371
- Program service revenue
- $1,011,684
- Investment income
- -$389,084
- Other revenue
- $730,627
- Total assets, end of year
- $13,634,670
- Total liabilities, end of year
- $668,208
- Net assets or fund balances, end of year
- $12,966,462
- Program services expenses (Part IX)
- $4,923,038
- Management and general expenses
- $649,602
- Fundraising expenses
- $751,433
- Program service expenses (Part III)
- $4,923,038
Program services were 77.8% 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)
$1,495,202
-
1f · All other contributions, gifts and grants
$3,458,360
-
2a · Program service revenue: PROGRAM SERVICES
total $1,011,684 · related or exempt $1,011,684
-
3 · Investment income
total $183,418 · excluded $183,418
-
6a · Gross rents
real property $61,350
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $61,350
-
6d · Net rental income or loss
total $61,350 · related or exempt $61,350
-
7a · Gross sales of assets other than inventory
securities $199,473
-
7b · Less cost or other basis and sales expenses
securities $771,975
-
7c · Gain or loss
securities -$572,502
-
7d · Net gain or loss
total -$572,502 · excluded -$572,502
-
8a · Fundraising events: gross income
$925,475
-
8b · Fundraising events: direct expenses
$284,963
-
8c · Net income from fundraising events
total $640,512 · excluded $640,512
-
11a · Other revenue: OTHER REVENUE
total $28,765 · related or exempt $28,765
-
11e · Other revenue, total
$28,765
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $645,371 · program services $645,371
-
5 · Compensation of officers, directors and key employees
total $146,928 · program services $119,899 · management and general $7,058 · fundraising $19,971
-
7 · Other salaries and wages
total $3,124,888 · program services $2,550,039 · management and general $150,112 · fundraising $424,737
-
10 · Payroll taxes
total $548,394 · program services $444,506 · management and general $39,292 · fundraising $64,596
-
11c · Fees: accounting
total $127,720 · program services $117,941 · management and general $3,559 · fundraising $6,220
-
11f · Fees: investment management
total $39,539 · management and general $39,539
-
11g · Fees: other
total $483,840 · program services $446,795 · management and general $13,483 · fundraising $23,562
-
12 · Advertising and promotion
total $111,045 · program services $19,716 · management and general $4,000 · fundraising $87,329
-
13 · Office expenses
total $176,957 · program services $136,635 · management and general $19,122 · fundraising $21,200
-
14 · Information technology
total $42,428 · program services $30,465 · management and general $11,713 · fundraising $250
-
16 · Occupancy
total $312,768 · program services $91,997 · management and general $220,284 · fundraising $487
-
17 · Travel
total $40,489 · program services $31,099 · management and general $5,445 · fundraising $3,945
-
19 · Conferences, conventions and meetings
total $63,383 · program services $61,778 · fundraising $1,605
-
22 · Depreciation, depletion and amortization
total $232,800 · program services $167,616 · management and general $39,576 · fundraising $25,608
-
23 · Insurance
total $52,914 · program services $9,463 · management and general $43,451
-
24a · Other expenses: SPECIAL EVENTS
total $82,580 · program services $20,308 · fundraising $62,272
-
24b · Other expenses: MISCELLANEOUS
total $26,921 · program services $5,251 · management and general $16,670 · fundraising $5,000
-
24c · Other expenses: BANK FEES
total $26,206 · program services $6,825 · management and general $19,381
-
24d · Other expenses: DUES AND MEMBERSHIPS
total $24,373 · program services $7,785 · management and general $12,252 · fundraising $4,336
-
24e · All other expenses
total $14,529 · program services $9,549 · management and general $4,665 · fundraising $315
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,580,807 · end of year $1,117,003
-
2 · Savings and temporary cash investments
beginning of year $1,339 · end of year $2,897,618
-
4 · Accounts receivable
beginning of year $281,565 · end of year $416,598
-
9 · Prepaid expenses and deferred charges
beginning of year $52,321 · end of year $75,954
-
10a · Land, buildings and equipment: cost or other basis
$8,196,345
-
10b · Land, buildings and equipment: accumulated depreciation
$4,996,120
-
10c · Land, buildings and equipment, net
beginning of year $3,118,710 · end of year $3,200,225
-
11 · Investments: publicly traded securities
beginning of year $6,292,402 · end of year $5,829,597
-
15 · Other assets
beginning of year $0 · end of year $97,675
-
17 · Accounts payable and accrued expenses
beginning of year $259,829 · end of year $322,757
-
19 · Deferred revenue
beginning of year $228,647 · end of year $247,776
-
25 · Other liabilities
beginning of year $0 · end of year $97,675
-
27 · Net assets without donor restrictions
beginning of year $5,062,956 · end of year $6,286,633
-
28 · Net assets with donor restrictions
beginning of year $6,775,712 · end of year $6,679,829
Mission and programs · 2022
Mission
THE LAA EMPOWERS LATINOS TO ADAPT, INTEGRATE AND THRIVE BY PROVIDING RESOURCES SUCH AS FOOD, SHELTER, CLOTHING, ECONOMIC PROGRAMS, A LATINA ENTREPRENEURAL PROGRAM AS WELL AS YOUTH MENTORING AND IMMIGRATION SERVICES.
Activities or mission (Part I)
THE LAA EMPOWERS LATINOS TO ADAPT, INTEGRATE AND THRIVE BY PROVIDING RESOURCES SUCH AS FOOD, SHELTER, CLOTHING, ECONOMIC PROGRAMS, A LATINA ENTREPRENEURAL PROGRAM AS WELL AS YOUTH MENTORING AND IMMIGRATION SERVICES
-
FOR OVER 50 YEARS, THE LATIN AMERICAN ASSOCIATION (LAA) HAS BEEN THE REGION'S LEADING AGENCY REPRESENTING GEORGIA'S LATINO COMMUNITY. LAA EMPOWERS GEORGIA'S LATINO COMMUNITIES, PARTICULARLY THOSE WITH LOW-INCOMES, LIMITED ENGLISH PROFICIENCY, AND RISK OF HOMELESSNESS. THE LAA DOES NOT DISCRIMINATE IN OUR SERVICE PROVISION. THE LAA OFFERS A COMPEHENSIVE AND HOLISTIC BLEND OF SERVICES THAT HELPS LATINO INDIVIDUALS ASSIMILATE AND BECOME CONTRIBUTING MEMBERS OF GEORGIA'S COMMUNITY. THE LAA PROVIDES OVER 43,000 SERVICES EVERY YEAR TO INDIVIDUALS AND FAMILIES. THE LAA DOES THIS BY ASSISTING CLIENTS IN SORTING THROUGH ALL AVAILABLE DIRECT AND EMERGENCY RELIEF OPTIONS. IMPORTANTLY, THE LAA PROVIDES ALL SERVICES IN SPANISH AND IN AN ENVIRONMENT THAT IS CULTURALLY RESPONSIVE TO THEM. THE LAA'S TEAM OF FULLY BILINGUAL CASE MANAGERS SUPPORT EACH CLIENT BY MEETING WITH THEM TO DETERMINE THEIR GOALS FOR INCREASING WELL-BEING, AND ENSURING LONG-TERM STABILITY. LAA STAFF DIRECTLY PROVIDE SERVICES AND REFERRALS FOR RESOURCES, SUCH AS FOOD, SHELTER, CLOTHING, CASE MANAGEMENT, AND DOMESTIC VIOLENCE MITIGATION. ONCE A CLIENT IS STABILIZED AND ALL BASIC/EMERGENCY NEEDS MET, THE LAA OFFERS COMPREHENSIVE PROGRAM OPPORTUNITIES TO HELP CLIENTS REACH SELF-SUFFICIENCY. THESE PROGRAMS INCLUDE JOB TRAINING, JOB FAIRS, ESL CLASSES, LATINA EMPOWERMENT PROGRAM, AND INDUSTRY SPECIFIC TRAININGS. DEPENDING ON THE CLIENT'S NEEDS, THE LAA CONTINUES TO PROVIDE ASSISTANCE THROUGH YOUTH SERVICES PROGRAMMING AND THE IMMIGRATION SERVICES DEPARTMENT. THE FULL SCOPE OF LAA PROGRAMS PROVIDES HELP PULL THE LATINO COMMUNITY TOWARD SOCIAL EQUITY BY ENSURING FINANCIAL STABILITY AND OPENING DOORS FOR FUTURE SUCCESS. LAA SERVICES ARE FREE OR ARE OFFERED AT A REDUCED RATE TO ENSURE ALL CLIENTS HAVE ACCESS TO THE PROGRAMS THEY NEED. THE LAA OFFERS SUBSIDIZED LEGAL FEES THROUGH THE SUPPORT OF GENEROUS DONORS. ADDITIONALLY, MANY INDIVIDUALS AND FAMILIES ARE STILL EXPERIENCING THE LONG-TERM EFFECTS OF THE COVID-19 ECONOMIC AND SOCIAL CRISIS. THE LAA CONTINUES TO PLAY A CRITICAL ROLE IN PROVIDING SUPPORT SERVICES AND EMERGENCY RELIEF. THE LAA FOOD PANTRY CONTINUES TO SEE INCREASED DEMAND AND IN 2022, PROVIDED FOOD FOR OVER 12,000 FAMILIES. THE LAA CONTINUES TO SEE INCREASED NEED FOR IMMIGRATION SERVICES WITH ROUGHLY 40 NEW CLIENT CONSULTATIONS TAKING PLACE EVERY MONTH. ADDITIONAL STATISTICS INCLUDE 1,200 ADULTS ENROLLED IN ENGLISH-AS-A-SECOND-LANGUAGE CLASSES, 700 STUDENTS ATTENDING THE LATINO YOUTH LEADERSHIP CONFERENCE, AND MORE THAN 600 INDIVIDUALS ATTENDING JOB FAIRS.
Expenses $4,923,038 · Grants $645,371 · Revenue $1,101,799
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Misty S FernandezMISTY S FERNANDEZ
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Gaston VaneriGASTON VANERI
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
James CurryJAMES CURRY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Karla ArriolaKARLA ARRIOLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maria GuzmanMARIA GUZMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jose AraozJOSE ARAOZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stratton FrankSTRATTON FRANK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gerard BordaGERARD BORDA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David SchaeferDAVID SCHAEFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robin MarxROBIN MARX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Philip BrownPHILIP BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark WilliamsMARK WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jose VelazJOSE VELAZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jose PaniaguaJOSE PANIAGUA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Audrey J AronaAUDREY J ARONA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Fernando HernandezFERNANDO HERNANDEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Doug HookerDOUG HOOKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Beth LowryBETH LOWRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jaime RangelJAIME RANGEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Willie RiveroWILLIE RIVERO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tim WinterTIM WINTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Danica DilligardDANICA DILLIGARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Wendy GutierrezWENDY GUTIERREZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel CastanDANIEL CASTAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Santiago MarquezSANTIAGO MARQUEZ
CEO
- Total calculated
- $166,631
- From this org
- $146,928
- From related orgs
- $0
- Other
- $19,703
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $146,928
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $19,703
- Filer's total
- $166,631
-
Jessica MartinezJESSICA MARTINEZ
MD RESOURCE DEVELOPMENT
- Total calculated
- $113,397
- From this org
- $107,517
- From related orgs
- $0
- Other
- $5,880
- Hours/week
- 40
-
Nadia BredthauerNADIA BREDTHAUER
COO
- Total calculated
- $111,154
- From this org
- $111,154
- 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Discretionary spending account
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401369349304805
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