Nonprofit · EIN 22-2846440
LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION INC
Also known as LAEDA
Tax-exempt · CAMDEN, NJ 08102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $697,507 | $740,995 | -$43,488 | $1,888,449 | $1,113,862 | $774,587 |
| June 30, 2024 | 990 | $494,539 | $566,485 | -$71,946 | $1,383,782 | $581,252 | $802,530 |
| June 30, 2023 | 990 | $498,545 | $524,347 | -$25,802 | $1,486,521 | $631,013 | $855,508 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $721,902
- of which government grants
- $361,123
- Program service revenue
- $0
- Investment income
- $5,580
- Net rental income
- -$29,990
- Other revenue
- -$29,975
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $123,984
- Other salaries and wages
- $299,420
- Salaries, compensation and benefits (total)
- $516,967
- Professional fundraising fees
- $0
- Occupancy
- $21,428
- Travel
- $4,730
- Program services (functional)
- $543,829
- Management and general (functional)
- $197,166
Balance sheet and other
- Total assets, start of year
- $1,383,782
- Total assets, end of year
- $1,888,449
- Total liabilities, end of year
- $1,113,862
- Net assets, end of year
- $774,587
- Land, buildings and equipment
- $584,318
- Publicly traded securities
- $238,038
- Net assets without donor restrictions
- $709,987
- Net assets with donor restrictions
- $64,600
- Gross receipts
- $866,948
- Employees
- 10
- Volunteers
- 0
- Year formed
- 1987
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAYMOND LAMBOY | PRESIDENT & CEO Officer | 40 | $99,808 | $24,176 |
| KRISTA BEY | SECRETARY Trustee or director | 2 | $0 | $0 |
| DIANA PEREZ | MEMBER Trustee or director | 2 | $0 | $0 |
| JOSE MERCADO | BOARD CHAIR Trustee or director | 2 | $0 | $0 |
| JUSTIN DENG | TREASURER Trustee or director | 2 | $0 | $0 |
| JOSUE CASTRO | MEMBER Trustee or director | 2 | $0 | $0 |
| JUAN HERNANDEZ | MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAYMOND LAMBOY | PRESIDENT & CEO Officer | 40 | $94,904 | $22,474 |
| KRISTA BEY | SECRETARY Trustee or director | 2 | $0 | $0 |
| DIANA PEREZ | MEMBER Trustee or director | 2 | $0 | $0 |
| JOSE MERCADO | BOARD CHAIR Trustee or director | 2 | $0 | $0 |
| JUSTIN DENG | TREASURER Trustee or director | 2 | $0 | $0 |
| JOSUE CASTRO | MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAYMOND LAMBOY | PRESIDENT & CEO Officer | 40 | $90,000 | $22,764 |
| KRISTA BEY | SECRETARY Trustee or director | 2 | $0 | $0 |
| DIANA PEREZ | MEMBER Trustee or director | 2 | $0 | $0 |
| JOSE MERCADO | BOARD CHAIR Trustee or director | 2 | $0 | $0 |
| JUSTIN DENG | TREASURER Trustee or director | 2 | $0 | $0 |
| JOSUE CASTRO | MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 433 MARKET STREET, CAMDEN, NJ 08102-1572
- In care of
- % RAYMOND LAMBOY
- Principal officer (990 for 2024)
- RAYMOND LAMBOY, 433 MARKET STREET SUITE 202, CAMDEN, NJ 081021572
- Signed the 990
- RAYMOND LAMBOY, PRESIDENT & CEO
- Phone
- (856) 338-1177
- Website
- WWW.LAEDA.COM
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
THE LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION, INC (LAEDA) IS A NON-PROFIT ECONOMIC DEVELOPMENT ORGANIZATION DEDICATED: TO THE CREATION OF SMALL BUSINESS OWNERSHIP OPPORTUNITIES FOR ECONOMICALLY DISADVANTAGED MINORITIES, TO CONTRIBUTE TO THE GROWTH AND SUCCESS OF MINORITY OWNED SMALL BUSINESSES AND THE DEVELOPMENT OF THE MARKETPLACE IN THE COMMUNITIES WE SERVE.THIS NON-PROFIT WAS FORMED WITH THE PURPOSE:1.TO RAISE THE ECONOMIC, EDUCATIONAL, AND SOCIAL LEVELS OF THE ECONOMICALLY DISADVANTAGED RESIDENTS, PRIMARILY MEMBERS OF THE MINORITY COMMUNITY, IN THE DELAWARE VALLEY, PRIMARILY THE CITY OF CAMDEN, NEW JERSEY; TO FOSTER AND PROMOTE EMPLOYMENT CREATION INITIATIVES AND EXPANSION OF THE JOB BASE IN THE COMMUNITY; AND TO FOSTER AND PROMOTE COMMUNITY-WIDE INTEREST AND CONCERN FOR THE PROBLEMS OF SUCH RESIDENTS TO THE END THAT (A) EDUCATIONAL AND ECONOMIC OPPORTUNITIES MAY BE EXPANDED; (B) SICKNESS, POVERTY, CRIME, AND ENVIRONMENTAL DEGRADATION MAY BE LESSENED; AND (C) RACIAL TENSIONS
Program accomplishments
- PROVIDE ASSISTANCE TO ECONOMICALLY DISADVANTAGED SMALL MINORITY BUSINESSES AND ASSISTANCE IN THE CREATION OF NEW SMALL MINORITY BUSINESSES WITHIN CAMDEN COUNTY, NJ. THIS IS ACCOMPLISHED THROUGH ENTREPRENURIAL TRAINING, RESEARCH, TECHNICAL ASSISTANCE AND COMMERCIAL DEVELOPMENT.Expenses $543,829
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2846440
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1989
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43Z)
- Assets (IRS master file)
- $1,888,449
- Income (IRS master file)
- $866,948
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $697,507 | $740,995 | $1,888,449 | XML |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $494,539 | $566,485 | $1,383,782 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $498,545 | $524,347 | $1,486,521 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2846440).
Questions about LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION INC
- What is the EIN of LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION INC?
- The employer identification number (EIN) of LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION INC is 22-2846440.
- Is LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION INC?
- The 990 for the year ended June 30, 2025 names RAYMOND LAMBOY.
- Who are the officers and directors of LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION INC?
- The 990 for the year ended June 30, 2025 lists 7 people; 1 received compensation from the organization, the highest $99,808 (RAYMOND LAMBOY, PRESIDENT & CEO).
- How much revenue does LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $697,507, expenses of $740,995 and total assets of $1,888,449 at year end.
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All nonprofits in CAMDEN · New Jersey · Community improvement and capacity building