Latino Chamber Of Commerce Of Dane County Inc
- Assets
- $1.7m
- Revenue
- $962.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Fitchburg, WI
- Founding
- 04/2008
- Data as of
- 12/2022
- EIN
- 26-1771853
Organization Overview
Latino Chamber Of Commerce Of Dane County Inc is located in Fitchburg, WI. The organization was established in 2008. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Latino Chamber Of Commerce Of Dane County Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latino Chamber Of Commerce Of Dane County Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Latino Chamber Of Commerce Of Dane County Inc generated $962.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.5% each year . All expenses for the organization totaled $688.8k during the year ending 12/2022. While expenses have increased by 23.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF THE ECONOMIC DEVELOPMENT OF THE LATINO COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.THE LATINO CHAMBER OF COMMERCE OF DANE COUNTY ASSISTED HUNDREDS OF PEOPLE THROUGH SEMINARS, NETWORKING EVENTS, AND BUSINESS CONSULTATIONS. THE CHAMBER OFFERED MULTIPLE SEMINARS TO DOZENS ATTENDEES FACILITATED BY LOCAL BUSINESS EXPERTS TO MEMBERS AND NON-MEMBERS. SOME OF THE SEMINARS OFFERED INCLUDED: HOW TO DEVELOP A BUSINESS PLAN, BASIC QUICKBOOKS, TAXES FOR SMALL BUSINESSES, BASIC ACCOUNTING FOR BUSINESSES, AND SOCIAL MEDIA FOR YOUR BUSINESS, AMONG OTHERS. OUR MEMBERS HOSTED OUR TRADITIONAL NETWORKING EVENT CALLED "ENLACES," TO SHOWCASE THEIR BUSINESSES AND TO FOSTER COLLABORATION AMONG ENTREPRENEURS AND PROFESSIONALS. THE ENLACES AVERAGE 50 ATTENDEES PER EVENT. A BI-WEEKLY E-NEWSLETTER INFORMED OUR MEMBERS AND FRIENDS OF UPCOMING SEMINARS, NETWORKING EVENTS, AND MEMBER SUCCESS STORIES. WE ALSO PRINTED A QUARTERLY NEWSLETTER FOR MEMBERS. WE CONTINUED WITH OUR LATINO BUSINESS RADIO SHOW CALLED MUNDO DE NEGOCIOS EN LA MOVIDA 1480. THE SHOW OFFERS BUSINESS NEWS, INTERVIEWS, ADVICE, AND FINANCIAL INFORMATION FOR LATINO ENTREPRENEURS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor Villacrez Chair | OfficerTrustee | 4 | $0 |
Ramon Ortiz Vice Chair | OfficerTrustee | 4 | $0 |
Brandi DE La Rosa Secretary | OfficerTrustee | 2 | $0 |
Priscilla Prado Treasurer | OfficerTrustee | 2 | $0 |
Ray Feliz Director | Trustee | 2 | $0 |
Sarita Mannigel Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $127,124 |
| Related organizations | $0 |
| Government grants | $781,822 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,011 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,019,957 |
| Total Program Service Revenue | $15,002 |
| Investment income | $18 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$80,277 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $962,927 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,330 |
| Grants and other assistance to domestic individuals. | $3,261 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $61,777 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $184,757 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $463 |
| Payroll taxes | $18,049 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $732 |
| Fees for services: Accounting | $26,376 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,076 |
| Advertising and promotion | $56,195 |
| Office expenses | $17,151 |
| Information technology | $112,364 |
| Royalties | $0 |
| Occupancy | $32,860 |
| Travel | $4,088 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,031 |
| Interest | $25,701 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,691 |
| Insurance | $3,251 |
| All other expenses | $529 |
| Total functional expenses | $688,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,737 |
| Savings and temporary cash investments | $49,626 |
| Pledges and grants receivable | $418,046 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,257 |
| Net Land, buildings, and equipment | $1,118,929 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,734,595 |
| Accounts payable and accrued expenses | $128,706 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,017,465 |
| Unsecured mortgages and notes payable | $100,000 |
| Other liabilities | $0 |
| Total liabilities | $1,246,171 |
| Net assets without donor restrictions | $463,424 |
| Net assets with donor restrictions | $25,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,734,595 |