Joliet Latino Economic Development Association
- Assets
- $46.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Joliet, IL
- Founding
- Data as of
- 12/2022
- EIN
- 85-4067768
Organization Overview
Joliet Latino Economic Development Association is located in Joliet, IL. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joliet Latino Economic Development 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, Joliet Latino Economic Development Association generated $78.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 20.2% each year . All expenses for the organization totaled $59.3k during the year ending 12/2022. 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
1) IMPROVING AND ADVANCING THE BUSINESS AND ECONOMIC CONDITIONS OF LATINO BUSINESSES AND INDIVIDUALS2) FOSTERING LATINO BUSINESS AND COMMUNITY GROWTH AND DEVELOPMENT THROUGH ECONOMIC PROGRAMS DESIGNED TO STRENGTHEN AND EXPAND THE INCOME POTENTIAL OF ALL BUSINESSES IN THE JOLIET LEDA AREA, DEFINED BELOW;3)PROMOTING PROGRAMS OF A CIVIC, SOCIAL, AND CULTURAL NATURE THAT ARE DESIGNED TO FURTHER THE FUNCTIONAL AND AESTHETIC VALUES OF THE LATINO COMMUNITY;4) DISCOVERING AND CORRECTING ABUSES THAT PREVENT THE ADVANCEMENT OF LATINO BUSINESS EXPANSION AND LATINO COMMUNITY GROWTH;5) EDUCATING THE LATINO BUSINESS COMMUNITY AND NATIONAL LEGISLATIVE AND POLITICAL AFFAIRS;
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cesar Cardenas Board Member | 0 | $0 | |
Lizbeth Aviles Board Member | 0 | $0 | |
Alex Paramo President | 0 | $0 | |
Paulina Martinez Vice President | 0 | $0 | |
Nancy Caballero-Borunda Secretary | 0 | $0 | |
Eduardo Sanchez Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $17,088 |
| Membership dues | $1,154 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $60,654 |
| Other Revenue | $21 |
| Total Revenue | $78,917 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $28,800 |
| Professional fees and other payments to independent contractors | $7,070 |
| Occupancy, rent, utilities, and maintenance | $4,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $19,383 |
| Total expenses | $59,253 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $46,930 |
| Other assets | $0 |
| Total assets | $46,930 |
| Total liabilities | $0 |
| Net assets or fund balances | $46,930 |