Latin American Association Inc is located in Atlanta, GA. The organization was established in 1977. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Latin American Association Inc employed 122 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latin American Association 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 06/2022, Latin American Association Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $5.4m during the year ending 06/2022. While expenses have increased by 6.2% 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
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
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 OVVER 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Santiago Marquez CEO | Officer | 40 | $139,307 |
Willie Rivero Vice Chair | OfficerTrustee | 1 | $0 |
James Curry Treasurer | OfficerTrustee | 2 | $0 |
Misty S Fernandez Chair | OfficerTrustee | 1 | $0 |
Gaston Vaneri Secretary | OfficerTrustee | 1 | $0 |
Karla Arriola Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,780,448 |
All other contributions, gifts, grants, and similar amounts not included above | $2,899,697 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,680,145 |
Total Program Service Revenue | $896,920 |
Investment income | $312,903 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $44,450 |
Net Gain/Loss on Asset Sales | -$2,108,860 |
Net Income from Fundraising Events | $627,168 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $4,455,761 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $751,213 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $135,707 |
Compensation of current officers, directors, key employees. | $6,103 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,552,002 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $468,277 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $129,906 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $50,624 |
Fees for services: Other | $358,935 |
Advertising and promotion | $152,494 |
Office expenses | $136,384 |
Information technology | $31,304 |
Royalties | $0 |
Occupancy | $233,492 |
Travel | $25,800 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $5,248 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $228,811 |
Insurance | $45,895 |
All other expenses | $11,942 |
Total functional expenses | $5,446,528 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,580,807 |
Savings and temporary cash investments | $1,339 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $281,565 |
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 | $52,321 |
Net Land, buildings, and equipment | $3,118,710 |
Investments—publicly traded securities | $6,292,402 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $12,327,144 |
Accounts payable and accrued expenses | $259,829 |
Grants payable | $0 |
Deferred revenue | $228,647 |
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 | $488,476 |
Net assets without donor restrictions | $5,062,956 |
Net assets with donor restrictions | $6,775,712 |
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 | $12,327,144 |
Over the last fiscal year, we have identified 33 grants that Latin American Association Inc has recieved totaling $2,575,847.
Awarding Organization | Amount |
---|---|
Goizueta Foundation Inc Atlanta, GA PURPOSE: PROGRAM | $1,210,116 |
The Community Foundation For Greater Atlanta Inc Atlanta, GA PURPOSE: HUMAN SERVICES | $228,000 |
Mohawk Carpet Foundation Inc Kennesaw, GA PURPOSE: COMMUNITY SUPPORT-PROVIDES PROGRAMS AND SERVICES THAT SUPPORT LATIN FAMILIES IN NEED | $200,000 |
The Arthur M Blank Family Foundation Atlanta, GA PURPOSE: MENTORING THROUGH SOCCER | $127,830 |
Georgia Power Foundation Inc In Receivership Atlanta, GA PURPOSE: AVANZANDO JUNTAS! LATINA ECONOMIC EMPOWERMENT PROGRAM | $100,000 |
Georgia Power Foundation Inc In Receivership Atlanta, GA PURPOSE: AVANZANDO JUNTAS! LATINA ECONOMIC EMPOWERMENT PROGRAM | $100,000 |
Beg. Balance | $7,299,160 |
Earnings | -$693,331 |
Admin Expense | -$47,435 |
Other Expense | -$266,094 |
Ending Balance | $6,292,300 |
Organization Name | Assets | Revenue |
---|---|---|
Clc Administrative Services Inc Spartanburg, SC | $1,765,481 | $9,842,263 |
Asian Americans Advancing Justice Atlanta Inc Norcross, GA | $10,786,790 | $12,514,597 |
Latin American Association Inc Atlanta, GA | $12,327,144 | $4,455,761 |
Caridad Center Inc Boynton Beach, FL | $10,547,629 | $6,073,314 |
Levite Jewish Community Center Birmingham, AL | $3,089,514 | $6,239,391 |
New American Pathways Inc Atlanta, GA | $3,531,610 | $5,662,832 |
Ser Familia Inc Kennesaw, GA | $848,486 | $3,818,877 |
Haliwa-Saponi Indian Tribe Hollister, NC | $5,771,467 | $3,578,320 |
Project 658 Inc Charlotte, NC | $2,366,463 | $3,256,694 |
Welcoming America Inc Atlanta, GA | $3,862,053 | $4,483,261 |
Bridge Refugee Services Inc Knoxville, TN | $945,056 | $1,835,371 |
Lumbee Regional Developement Association Inc Pembroke, NC | $3,934,724 | $1,629,392 |