Latin American Missions Board Inc
- Assets
- $660.0k
- Revenue
- $356.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Mt Pleasant, WI
- Founding
- 01/1980
- Data as of
- 12/2022
- EIN
- 35-2111411
Organization Overview
Latin American Missions Board Inc is located in Mt Pleasant, WI. The organization was established in 1980. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Latin American Missions Board Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Latin American Missions Board Inc generated $356.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $258.6k during the year ending 12/2022. 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
PROVIDE MEDICAL AND HUMANITARIAN AID TO UNDERSERVED AREAS OF LATIN AMERICA, HELP INDIVIDUALS PARTICIPATE IN THE WORK OF MISSIONARIES, PROVIDE AN EFFECTIVE WAY TO GET NEEDED FINANCIAL SUPPORT TO THE MISSIONS FIELD, AND SUPPORT A VARIETY OF OUTREACHES AND SHORT-TERM TRIPS TO MEET SPECIFIC NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DR. JANE WEAVER AND HER STAFF OF SEVEN AT THE CLINIC IN SAN LORENZO PLAY AN IMPORTANT PART IN THIS UNDER PRIVILEGED COMMUNITY WHICH HAS LIMITED ACCESS TO HEALTHCARE. DR. WEAVER AND HER STAFF PROVIDE YEAR-ROUND MEDICAL, OCULAR AND SURGICAL CARE FOR APPROXIMATELY 300 PATIENTS PER MONTH. PROVIDED FUNDS FROM LAMB SUPPORTED REGULAR MEDICAL/SURGICAL EQUIPMENT AND GENERAL OPERATION OF THE MEDICAL CLINIC. LAMB FUNDS ALSO SUPPORTED A FULL-TIME MEDICAL MISSIONARY SERVING IN ECUADOR FOR HOUSING, LIVING EXPENSES AND SUPPLIES. IN ADDITION, THREE DIFFERENT ANESTHESIOLOGISTS WERE FUNDED THROUGHOUT THE YEAR FOR THE MONTHLY GENERAL SURGERY WEEKS. WE WERE ABLE TO SPONSOR 4 GROUPS THIS YEAR. 2 EYE SURGERY GROUPS, ONE GROUP OF 6 AND A SECOND GROUP OF 5. THE TWO GROUPS COMBINED WERE ABLE TO SEE AND PERFORM SURGERY ON A TOTAL OF 150 PEOPLE. IN SEPTEMBER OF 2022 WE SPONSORED A HANDYMAN GEORGIA WHO FIXED AND WORKED ON MANY THINGS THROUGHOUT THE CLINIC. IN NOVEMBER OF 2022 WE SPONSORED A LARGE 30-PERSON CONSTRUCTION GROUP THAT DID BUILDING CONSTRUCTION, ROOFING, PAINTING & CLEANING. THEY ALSO HAD A GROUP THAT WAS SEWING LINENS, DRAPES MASKS AND OTHER ITEMS USED IN THE OR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Jane Weaver Missionary D | Officer | 70 | $17,400 |
Tim Duncan President | OfficerTrustee | 4 | $0 |
Nondus Carr Secretary | OfficerTrustee | 2 | $0 |
Carol Leicht Treasurer | OfficerTrustee | 10 | $0 |
Paul Graber Director | Trustee | 1 | $0 |
Susan Scheibenberger Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $38,110 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $291,944 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $330,054 |
| Total Program Service Revenue | $0 |
| Investment income | $25,241 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$377 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $355,968 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $184,932 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $30,393 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,528 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18 |
| Fees for services: Other | $80 |
| Advertising and promotion | $0 |
| Office expenses | $10,384 |
| Information technology | $1,658 |
| Royalties | $0 |
| Occupancy | $2,884 |
| Travel | $9,370 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,763 |
| All other expenses | $99 |
| Total functional expenses | $258,609 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,028 |
| Savings and temporary cash investments | $291,177 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $8,919 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $338,841 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $659,965 |
| Accounts payable and accrued expenses | $98,009 |
| 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 | $659 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $98,668 |
| Net assets without donor restrictions | $319,199 |
| Net assets with donor restrictions | $242,098 |
| 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 | $659,965 |