Latino Food Industry Association
- Assets
- $115.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 01/2017
- Data as of
- 12/2022
- EIN
- 81-1752495
Organization Overview
Latino Food Industry Association is located in Los Angeles, CA. The organization was established in 2017. According to its NTEE Classification (K03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latino Food Industry Association 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, Latino Food Industry Association generated $88.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $64.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
DURING THE YEAR LFIA PROMOTED, SUPPORTED, AND EDUCATED 1000S OF LATINO OWNERS, EMPLOYEES, AND ENTREPRENEURS IN THRIVING IN TODAY'S FAST-PACED WORLD OF THE FOOD AND BEVERAGE INDUSTRY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruben Smith Board Member, Chairman | 1 | $0 | |
Joe Benites Board Member, Sec./treasurer | 1 | $0 | |
Robert Alaniz Board Member. Vice Pres. | 1 | $0 | |
David Lizarraga Board Member, Vice Chairma | 1 | $0 | |
Jesus Cardenas Board Member | 1 | $0 | |
Martha Montoya Board Member (until 2022) | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $1,226 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $88,726 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $39,790 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $24,170 |
| Total expenses | $63,960 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $114,094 |
| Other assets | $0 |
| Total assets | $115,094 |
| Total liabilities | $0 |
| Net assets or fund balances | $115,094 |