Form 990 for tax year 2022
Filed by SPARK CENTRO INC FORMERLY LATIN AMER CHAMBER OF COMM OF CLT INSTA.
Totals
- Total revenue
- $226,544
- Total expenses
- $104,464
- Contributions and grants received
- $226,296
- Grants paid
- $9,000
- Program service revenue
- $143
- Investment income
- $105
- Other revenue
- $0
- Total assets, end of year
- $314,033
- Total liabilities, end of year
- $7,488
- Net assets or fund balances, end of year
- $306,545
- Program services expenses (Part IX)
- $104,464
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $104,464
Program services were 100.0% 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.
-
1f · All other contributions, gifts and grants
$226,296
-
2a · Program service revenue: ONLINE SALES
total $143 · related or exempt $143
-
3 · Investment income
total $105 · related or exempt $105
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $9,000 · program services $9,000
-
11g · Fees: other
total $19,850 · program services $19,850
-
12 · Advertising and promotion
total $9,966 · program services $9,966
-
13 · Office expenses
total $83 · program services $83
-
14 · Information technology
total $3,745 · program services $3,745
-
17 · Travel
total $190 · program services $190
-
19 · Conferences, conventions and meetings
total $1,848 · program services $1,848
-
24a · Other expenses: EVENT EXPENSES
total $59,401 · program services $59,401
-
24b · Other expenses: MISCELLANEOUS EXPENSE
total $192 · program services $192
-
24c · Other expenses: MEALS
total $189 · program services $189
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $184,465 · end of year $238,293
-
2 · Savings and temporary cash investments
end of year $50,105
-
4 · Accounts receivable
end of year $260
-
9 · Prepaid expenses and deferred charges
end of year $25,375
-
17 · Accounts payable and accrued expenses
end of year $7,488
-
28 · Net assets with donor restrictions
beginning of year $184,465 · end of year $306,545
Mission and programs · 2022
Mission
TO DEVELOP AND PROVIDE EDUCATIONAL PROGRAMMING DESIGNED TO RETOOL, EQUIP, AND EDUCATE HISPANIC ENTREPRENEURIAL AND START-UP COMMUNITY, INCLUDING THOSE SEEKING JOB SKILLS TO OBTAIN GOOD EMPLOYMENT WITH A LOCAL COMPANY.
Activities or mission (Part I)
TO DEVELOP AND PROVIDE EDUCATIONAL PROGRAMMING DESIGNED TO RETOOL, EQUIP, AND EDUCATE THE HISPANIC ENTREPRENEURIAL AND START-UP COMMUNITY IN THE CHARLOTTE, NC REGION, INCLUDING THOSE SEEKING JOB SKILLS TO OBTAIN GOOD EMPLOYMENT WITH A LOCAL COMPANY.
-
EDUCATIONAL PROGRAMMING:PROVIDE EDUCATIONAL SERVICES TO ADDRESS VARIOUS STAGES OF START UP/ENTREPRENEUR GROWTH, WITH A GOAL OF HELPING LOCAL ENTREPRENEURIAL VENTURES INCREASE THEIR CAPACITY TO SERVICE CORPORATE AND LOCAL GOVERNMENTAL CLIENTS THAT HAVE MADE LOCAL DIVERSITY HIRING A PRIORITY. THE DIFFERENT PROGRAMS ARE CENTERED AROUND FOUR THEMES: FORMING & START-UP PHASE, PROFESSIONALIZING PHASE, SCALING PHASE, AND PROFESSIONAL/PERSONAL DEVELOPMENT.
Expenses $104,464 · Grants $9,000
-
MENTORSHIP PROGRAM:PROFESSIONAL MENTORS PROVIDE LEADERSHIP TO INDIVIDUALS ENROLLED IN EACH PROGRAM OFFERING PROFESSIONAL AND PERSONAL DEVELOPMENT.
As filed on the 2022 return.
Listed in Part VII
-
Grace NystrumGRACE NYSTRUM
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Federico CarballoFEDERICO CARBALLO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John RojasJOHN ROJAS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Simon Munoz-AlvarezSIMON MUNOZ-ALVAREZ
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Mario MandiganaMARIO MANDIGANA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Johanna SuarezJOHANNA SUAREZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Erlan MartinezERLAN MARTINEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Peter MorganPETER MORGAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tiffany AndersTIFFANY ANDERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Danilo FormoloDANILO FORMOLO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Natalia SanchezNATALIA SANCHEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Pacino MancillasPACINO MANCILLAS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Griselda BaileyGRISELDA BAILEY
PRESIDENT AND CEO
- Total calculated
- $86,833
- From this org
- $0
- From related orgs
- $86,833
- 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.
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LATIN AMERICAN CHAMBER OF COMMERCE OF CHARLOTTE
501(C)6 · PROGRAMS TO HELP THE LATIN AMERICAN BUSINESS COMMUNITY SUCCEED · NC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 19 July 2023
- IRS schema version
- 2022v5.0
- Source object
- 202332019349300838
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