Nys Latino Restaurant Bar And Lounge Association Inc
- Assets
- $1.1m
- Revenue
- $685.6k
- Investments
- $0.0
- Employees
- 4
- Location
- College Point, NY
- Founding
- Data as of
- 02/2024
- EIN
- 81-1570243
Organization Overview
Nys Latino Restaurant Bar And Lounge Association Inc is located in College Point, NY. 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 02/2024, Nys Latino Restaurant Bar And Lounge Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nys Latino Restaurant Bar And Lounge 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 02/2024, Nys Latino Restaurant Bar And Lounge Association Inc generated $685.6k in total revenue. All expenses for the organization totaled $138.1k during the year ending 02/2024.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING SUPPORT AND SERVICES TO LATINO BUSINESS OWNERS IN SUCCESSFULLY OPERATING BUSINESSES IN THE RESTAURANT BAR AND LOUNGE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS CONSULTATION COLLECTIVE INSIGHT DRIVING SUCCESSFUL ENTREPRENEURSHIP.
PROVIDING EVENTS FOR TRAINING SEMINAR AND COLLECTIVE EDUCATION
COMPLIANCE AND LEGAL INSIGHTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Jaquez Board Member | Officer | 5 | $28,213 |
Jeffrey Garcia Board Member | Officer | 8.5 | $48,228 |
Elvis Silverio Board Member | Officer | 5.5 | $30,434 |
Urbano Estevez Board Member | Officer | 4.5 | $21,964 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $266,595 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $418,979 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $685,574 |
| Total Program Service Revenue | $0 |
| 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 | $685,574 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $86,250 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,200 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,400 |
| Fees for services: Accounting | $6,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,670 |
| Office expenses | $4,029 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $138,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,105,640 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $23,592 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,129,232 |
| Accounts payable and accrued expenses | $525,567 |
| 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 | $2,286 |
| Total liabilities | $527,853 |
| 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 | $601,379 |
| Total liabilities and net assets/fund balances | $1,129,232 |