Latino Food Industry Association
- Assets
- $90.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 01/2017
- Data as of
- 12/2021
- 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 12/2021, Latino Food Industry Association generated $110.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $97.7k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
LFIA'S MISSION IS TO BE A PILASTER FOR ALL LATINO BUSINESSES IN THE FOOD AND BEVERAGE INDUSTRY AND SUPPORT ALL ITS MEMBERS THROUGH ADVOCACY, EDUCATION, AND OTHER RESOURCES.
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./treasur | 1 | $0 | |
Robert Alaniz Board Member. Vice Pres. M | 1 | $0 | |
David Lizarraga Board Member, Vice Chairma | 1 | $0 | |
Jesus Cardenas Board Member | 1 | $0 | |
Martha Montoya Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $10,742 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $110,742 |
| 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 | $57,871 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $42 |
| Other expenses | $39,771 |
| Total expenses | $97,684 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $89,328 |
| Other assets | $0 |
| Total assets | $90,328 |
| Total liabilities | $0 |
| Net assets or fund balances | $90,328 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California League Of Food Processors Sacramento, CA | $2,101,181 | $1,424,673 |
Northwest Food Processors Association Portland, OR | $1,065,723 | $1,709,792 |
Fresh Produce Association Of The Americas Nogales, AZ | $2,303,770 | $1,139,253 |
California Poultry Industry Federation Inc Modesto, CA | $1,314,381 | $1,177,006 |
Mint Industry Research Council Salem, OR | $1,017,152 | $745,700 |
California Sustainable Winegrowing Alliance San Francisco, CA | $291,268 | $655,645 |
Arizona Food Marketing Alliance Phoenix, AZ | $2,122,872 | $773,912 |
Hawaii Food Industry Association Honolulu, HI | $1,418,659 | $491,402 |
Cider Institute Of North America Portland, OR | $173,142 | $306,423 |
School Nutrition Association Of Arizona Scottsdale, AZ | $354,937 | $311,750 |
Sonoma County Farm Trails Sebastopol, CA | $328,301 | $240,561 |
Modesto Certified Farmers Market Modesto, CA | $11,938 | $201,271 |