Latin American Chamber Of Commerce Of Charlotte Institute
- Assets
- $184.5k
- Revenue
- $200.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- Data as of
- 12/2021
- EIN
- 85-4310103
Organization Overview
Latin American Chamber Of Commerce Of Charlotte Institute is located in Charlotte, NC. According to its NTEE Classification (J99) the organization is classified as: Employment N.E.C., under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latin American Chamber Of Commerce Of Charlotte Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND PROVIDE EDUCATIONAL PROGRAMMING DESIGNED TO RETOOL, EQUIP, AND EDUCATE THE HISPANIC ENTREPRENEURIAL AND START-UP COMMUNITY IN THE CHARLOTTE, NC REGION, INCLUDING THOSE SEEKING JOB SKILLS TO OBTAIN GOOD EMPLOYMENT WITH A LOCAL COMPANY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMMING:PROVIDE EDUCATIONAL SERVICES TO ADDRESS VARIOUS STAGES OF START UP/ENTREPRENEUR GROWTH, WITH A GOAL OF HELPING LOCAL ENTREPRENEURIAL VENTURES INCREASE THEIR CAPACITY TO SERVICE CORPORATE AND LOCAL GOVERNMENTAL CLIENTS THAT HAVE MADE LOCAL DIVERSITY HIRING A PRIORITY. THE DIFFERENT PROGRAMS ARE CENTERED AROUND FOUR THEMES: FORMING & START-UP PHASE, PROFESSIONALIZING PHASE, SCALING PHASE, AND PROFESSIONAL/PERSONAL DEVELOPMENT.
MENTORSHIP PROGRAM:PROFESSIONAL MENTORS PROVIDE LEADERSHIP TO INDIVIDUALS ENROLLED IN EACH PROGRAM OFFERING PROFESSIONAL AND PERSONAL DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Rojas Treasurer | OfficerTrustee | 1 | $0 |
Grace Nystrum Chair | OfficerTrustee | 2 | $0 |
Veronica Calderon Vice-Chair | OfficerTrustee | 1 | $0 |
Griselda Bailey President And CEO | Officer | 40 | $0 |
Federico Carballo Board Member | Trustee | 1 | $0 |
Simon Munoz-Alvarez Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $200,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $200,000 |
| 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 | $200,000 |
| 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. | $0 |
| 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 | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,821 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $11,690 |
| 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 | $24 |
| Total functional expenses | $15,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184,465 |
| 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 | $184,465 |
| 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 | $0 |
| Net assets with donor restrictions | $184,465 |
| 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 | $184,465 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Latin American Chamber Of Commerce Of Charlotte Institute has recieved totaling $200,707.
| Awarding Organization | Amount |
|---|---|
Ascend Nonprofit Solutions Inc Charlotte, NC PURPOSE: TO SUPPORT PROGRAM ACTIVITIES | $200,707 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brighter Future Employment Services Columbia, SC | $997,327 | $6,378,296 |
American Feed Industry Association Inc Arlington, VA | $8,163,153 | $3,760,072 |
Georgia Pharmaceutical Association Inc Sandy Springs, GA | $13,357,090 | $2,850,943 |
U S Apple Association Falls Church, VA | $3,469,744 | $2,231,696 |
Decorative Hardwoods Association Sterling, VA | $5,692,595 | $2,015,836 |
National Society Of Accountants Alexandria, VA | $4,148,931 | $1,866,821 |
Aryeetey Loving Heart Foundation Inc Atlanta, GA | $68,764 | $1,186,888 |
Americas Newspapers Lawrenceville, GA | $599,653 | $1,104,465 |
Quiltss Institute Franklin, TN | $1,195,986 | $448,866 |
Center For Independent Employees Spartanburg, SC | $101,855 | $620,648 |
Motivated By People Community Foundation Inc Atlanta, GA | $9,500 | $501,367 |
Jobs For Life Inc Raleigh, NC | $110,025 | $541,422 |