Latino Built Association For Contractors
- Assets
- $171.6k
- Revenue
- $308.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Portland, OR
- Founding
- 09/2019
- Data as of
- 12/2021
- EIN
- 83-3661430
Organization Overview
Latino Built Association For Contractors is located in Portland, OR. The organization was established in 2019. 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 12/2021, Latino Built Association For Contractors employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latino Built Association For Contractors 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 Built Association For Contractors generated $308.7k in total revenue. All expenses for the organization totaled $304.0k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE OPPORTUNITIES IN CONSTRUCTION FOR LATINO-OWNED BUSINESSES IN OREGON. TO BUILD A COMMUNITY THAT EMPOWERS AND SUPPORTS THE VOICE OF LATINO-OWNED BUSINESSES IN THEIR EFFORTS TO OVERCOME BARRIERS, DEVELOP CAPACITIES, PROMOTE AND ENRICH LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND INSTRUCTION FOR LATINO CONSTRUCTION BUSINESS OWNERS. ALL FORMS OF CONSTRUCTION BUSINESS MANAGEMENT.
WORKSHOPS/NETWORKING EVENTS FOR MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosa Martinez President | OfficerTrustee | 12 | $0 |
Hugo Zavala Vice President | OfficerTrustee | 6 | $0 |
Jennie Rodriguez Secretary | OfficerTrustee | 10 | $0 |
Berenice Lopez-Dorsey Treasurer | OfficerTrustee | 10 | $0 |
Alejandro Guerra Director | Trustee | 1 | $0 |
Gilbert Leon Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $218,175 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,340 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $239,515 |
| Total Program Service Revenue | $69,200 |
| 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 | $308,715 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,000 |
| 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 | $166,131 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,071 |
| Payroll taxes | $17,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,622 |
| Fees for services: Accounting | $6,221 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,123 |
| Advertising and promotion | $5,109 |
| Office expenses | $7,976 |
| Information technology | $31,936 |
| Royalties | $0 |
| Occupancy | $3,457 |
| Travel | $1,049 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,034 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,971 |
| All other expenses | $0 |
| Total functional expenses | $304,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,552 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $171,552 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $171,552 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $171,552 |
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