Latin Americans Working For Achievement
- Assets
- $580.1k
- Revenue
- $536.8k
- Investments
- $148.7k
- Employees
- 4
- Location
- Charlotte, NC
- Founding
- 06/2003
- Data as of
- 04/2023
- EIN
- 56-1781060
Organization Overview
Latin Americans Working For Achievement is located in Charlotte, NC. The organization was established in 2003. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 04/2023, Latin Americans Working For Achievement employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latin Americans Working For Achievement 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 04/2023, Latin Americans Working For Achievement generated $536.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $431.9k during the year ending 04/2023. While expenses have increased by 15.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HISPANIC SCHOLARSHIPS AND EDUCATION PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS:THE YOUTH SCHOLARSHIP PROGRAM FUNDS NEW AND RENEWABLE SCHOLARSHIPS TO ELIGIBLE LATINO STUDENTS SO THAT THEY CAN PURSUE REWARDING TRADE AND PROFESSIONAL CAREERS. SINCE OUR FOUNDING, MORE THAN 300 YOUNG WOMEN AND MEN HAVE RECEIVED $1,450,000 IN FINANCIAL ASSISTANCE. SCHOLARHSIP RECIPIENTS PARTICIPATE IN WORKSHOPS TO DEVELOP SOFT SKILLS AND NETWORKING.
CYC MARAND FUNDRAISER.
HIGH SCHOOL SERIES:THE HIGH SCHOOL SERIES WORKSHOPS WERE LAUNCHED IN 2010. THESE FREE BILINGUAL WORKSHOPS ARE HELD AT LOCAL COMMUNITY COLLEGES AND UNIVERSITIES AND ARE DESIGNED TO HELP LATINO FAMILIES PREPARE FOR POST-SECONDARY EDUCATION. INFORMATIONAL SESSIONS INCLUDE ACADEMIC AND SOCIAL DEVELOPMENT, CAREER PATHWAYS, COLLEGE ADMISSIONS, COLLEGE APPLICATIONS, FINANCIAL AID, NETWORKING, AND MENTORING. SINCE THEIR INCEPTION, MORE THAN 2,200 TEENS AND THEIR CAREGIVERS HAVE BENEFITED FROM OUR WORKSHOPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ana Silva Rey Executive Dir. | Officer | 60 | $61,667 |
Osby Garcia Treasurer | OfficerTrustee | 1 | $0 |
Edgar Bermudez Director | Trustee | 0.5 | $0 |
Ricardo Gonzalez Director | Trustee | 0.5 | $0 |
Nhora Gomez-Saxon Director | Trustee | 0.5 | $0 |
Gricelda DE La Cruz Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $32,832 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $333,847 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $366,679 |
| Total Program Service Revenue | $0 |
| Investment income | $6,077 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $163,997 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $536,753 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $71,279 |
| Grants and other assistance to domestic individuals. | $172,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $61,667 |
| Compensation of current officers, directors, key employees. | $12,333 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,403 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,732 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,120 |
| Advertising and promotion | $0 |
| Office expenses | $1,640 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $2,606 |
| All other expenses | $0 |
| Total functional expenses | $431,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,279 |
| Savings and temporary cash investments | $291,171 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $148,679 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $580,129 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $370,129 |
| Net assets with donor restrictions | $210,000 |
| 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 | $580,129 |