Latin Chamber Of Commerce Nevada Inc
- Assets
- $1.6m
- Revenue
- $615.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Las Vegas, NV
- Founding
- Data as of
- 12/2021
- EIN
- 88-0142780
Organization Overview
Latin Chamber Of Commerce Nevada Inc is located in Las Vegas, NV. As of 12/2021, Latin Chamber Of Commerce Nevada Inc employed 5 individuals. Latin Chamber Of Commerce Nevada Inc 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, Latin Chamber Of Commerce Nevada Inc generated $615.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $447.6k during the year ending 12/2021. While expenses have increased by 4.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE SMALL HISPANIC AND OTHER BUSINESSES IN THE STATE OF NEVADA
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL MISSION - TO FACILITATE THE PARTICIPATION PARENTS IN THEIR CHILDRENS' SCHOOLS; TO ENCOURAGE INCREASED HISPANIC GRADUATION RATES, FOSTER COMMUNITY PARTNERSHIPS WITH LOCAL SCHOOLS AND REVIEW GRANT OPPORTUNITIES FOR HISPANIC EDUCATION PROGRAMS. TO HELP EDUCATE THE HISPANIC COMMUNITY TO EFFECTIVELY OBTAIN GAINFUL EMPLOYMENT AND EFFECTIVELY WORK/PROGRESS IN THEIR RESPECTIVE CAREERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Guzman President & CEO | OfficerTrustee | 20 | $90,000 |
Maggie Arias Petrel Director | OfficerTrustee | 1 | $0 |
Andres Estrada Chairman | OfficerTrustee | 1 | $0 |
Sonia Joya Director | Trustee | 1 | $0 |
Daniel Johnson Director | Trustee | 1 | $0 |
Alex Vazques Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $382,924 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $157,032 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $539,956 |
| Total Program Service Revenue | $14,263 |
| Investment income | $194 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,048 |
| Net Gain/Loss on Asset Sales | -$426 |
| Net Income from Fundraising Events | $187 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $615,932 |
| 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. | $90,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,901 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,715 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,000 |
| Fees for services: Accounting | $24,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $956 |
| Office expenses | $24,310 |
| Information technology | $12,795 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,766 |
| 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 | $10,397 |
| Insurance | $6,887 |
| All other expenses | $0 |
| Total functional expenses | $447,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $818,439 |
| Savings and temporary cash investments | $723,473 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,887 |
| 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 | $48,194 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,168 |
| Total assets | $1,607,161 |
| Accounts payable and accrued expenses | $17,267 |
| Grants payable | $0 |
| Deferred revenue | $678,902 |
| 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 | $696,169 |
| Net assets without donor restrictions | $860,937 |
| Net assets with donor restrictions | $50,055 |
| 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 | $1,607,161 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Latin Chamber Of Commerce Nevada Inc has recieved totaling $77,983.
| Awarding Organization | Amount |
|---|---|
United States Hispanic Chamber Of Commerce Washington, DC PURPOSE: COVID-19 TECHNICAL ASSISTANCE | $52,983 |
United States Hispanic Chamber Of Commerce Educational Fund Washington, DC PURPOSE: AVANZAR | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Development Foundation Woodland, CA | $499,472 | $124,731 |
Plan De Salud Del Valle Inc Fort Lupton, CO | $84,737,500 | $104,985,059 |
Community Development Institute Head Start Denver, CO | $4,503,361 | $99,466,958 |
Colorado Coalition For The Homeless Denver, CO | $156,626,043 | $115,127,641 |
W M Keck Foundation Los Angeles, CA | $1,878,594,082 | $132,529,748 |
Translational Genomics Research Institute Phoenix, AZ | $224,233,974 | $175,687,790 |
Central Valley General Hospital Hanford, CA | $0 | $118,529,798 |
Community Action Partnership Of San Luis Obispo County Inc San Luis Obispo, CA | $35,822,140 | $99,105,503 |
San Francisco Culinary Bartenders & Service Employees Welfare Fund Seattle, WA | $67,749,672 | $85,873,278 |
San Francisco Museum Of Modern Art San Francisco, CA | $782,459,375 | $60,826,981 |
Rogue Credit Union Medford, OR | $2,944,952,062 | $136,267,424 |
Presbyterian Retirement Communities Northwest Bellevue, WA | $589,407,305 | $86,965,439 |