Latin Builders Association Inc
- Assets
- $494.8k
- Revenue
- $845.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Coral Gables, FL
- Founding
- 09/1982
- Data as of
- 12/2022
- EIN
- 59-1437014
Organization Overview
Latin Builders Association Inc is located in Coral Gables, FL. The organization was established in 1982. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Latin Builders Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latin Builders Association 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, Latin Builders Association Inc generated $845.0k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $619.5k during the year ending 12/2022. While expenses have increased by 10.0% per year over the past 8 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 ASSOCIATION PROVIDES ITS MEMBERS WITH CERTAIN BENEFITS SUCH AS GROUP INSURANCE, GOVERNMENT REPRESENTATION, AND PROVIDES A SOCIAL FORUM FOR THE EXCHANGE OF ENTREPRENEURIAL IDEAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED A SOCIAL FORUM FOR THE EXCHANGE OF ENTREPRENEURIAL IDEAS AND THE PROMOTION OF THE ASSOCIATION'S OBJECTIVE IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gus Cabrera President | OfficerTrustee | 0.5 | $0 |
Anthony Gomez President Elect | OfficerTrustee | 0.5 | $0 |
Erick Valderrama Immediate Past President | OfficerTrustee | 0.5 | $0 |
Joe Avetrani Executive Director | OfficerTrustee | 0.5 | $0 |
Michelle Pradere Executive Director | OfficerTrustee | 0.5 | $0 |
Marisol Torres-Gomez Executive Director | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,375 |
| Government grants | $80,482 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,857 |
| Total Program Service Revenue | $718,055 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $844,972 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,000 |
| Grants and other assistance to domestic individuals. | $10,692 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $156,549 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,522 |
| Payroll taxes | $12,803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,099 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,925 |
| Advertising and promotion | $79,071 |
| Office expenses | $48,231 |
| Information technology | $3,774 |
| Royalties | $0 |
| Occupancy | $39,041 |
| Travel | $675 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $897 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,993 |
| Insurance | $2,741 |
| All other expenses | $0 |
| Total functional expenses | $619,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $440,009 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,565 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,000 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,200 |
| Total assets | $494,774 |
| Accounts payable and accrued expenses | $37,631 |
| 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 | $37,631 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $457,143 |
| Total liabilities and net assets/fund balances | $494,774 |