Nonprofit · EIN 41-5840747
LATIN AMERICAN CHAMBER OF COMMERCE OF CHARLOTTE
Tax-exempt · CHARLOTTE, NC 28209
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $724,124 | $1,119,326 | -$395,202 | $308,004 | $43,074 | $264,930 |
| December 31, 2023 | 990 | $1,064,255 | $697,626 | $366,629 | $561,219 | $10,658 | $550,561 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $372,711
- of which government grants
- $259,190
- Program service revenue
- $351,413
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $27,800
- Compensation of officers, directors and key employees
- $124,216
- Other salaries and wages
- $85,806
- Salaries, compensation and benefits (total)
- $259,877
- Professional fundraising fees
- $0
- Legal fees
- $4,000
- Accounting fees
- $51,147
- Occupancy
- $12,387
- Travel
- $4,798
Balance sheet and other
- Total assets, start of year
- $561,219
- Total assets, end of year
- $308,004
- Total liabilities, end of year
- $43,074
- Net assets, end of year
- $264,930
- Net assets without donor restrictions
- $264,930
- Gross receipts
- $724,124
- Employees
- 8
- Volunteers
- 15
- Year formed
- 2001
- State of legal domicile
- NC
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GRISELDA BAILEY | OUTGOING - PRESIDENT & CEO Officer | 40 | $114,850 |
| MANUEL REY | INCOMING - PRESIDENT & CEO Officer | 40 | $18,958 |
| BADIH ARANA | CFO Officer | 40 | $9,366 |
| SIMON MUNOZ-ALVAREZ | CHAIR Trustee or director, Officer | 2 | $0 |
| JOHANNA SUAREZ | VICE CHAIR Trustee or director, Officer | 2 | $0 |
| JOHN ROJAS | TREASURER Trustee or director, Officer | 2 | $0 |
| ERLAN MARTINOZ | SECRETARY Trustee or director, Officer | 2 | $0 |
| TIFFANY ANDERS | BOARD MEMBER Trustee or director | 1 | $0 |
| MARIO MENDIGANA | BOARD MEMBER Trustee or director | 1 | $0 |
| FEDERICO CARBALLO | BOARD MEMBER Trustee or director | 1 | $0 |
| MARTA TATAJE | BOARD MEMBER Trustee or director | 1 | $0 |
| DANILO FORMOLO | BOARD MEMBER Trustee or director | 1 | $0 |
| PETER MORGAN | BOARD MEMBER Trustee or director | 1 | $0 |
| NATALIA SANCHEZ | BOARD MEMBER Trustee or director | 1 | $0 |
| IVAN DIAZ-CAMPOS | BOARD MEMBER Trustee or director | 1 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| THOMAS PARKS | BOARD MEMBER Trustee or director | 1 | $0 |
| PACINO MANCILLAS | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GRISELDA BAILEY | PRESIDENT & CEO Officer | 40 | $107,000 |
| SIMON MUNOZ-ALVAREZ | CHAIR Trustee or director, Officer | 2 | $0 |
| JOHANNA SUAREZ | CO-CHAIR Trustee or director, Officer | 2 | $0 |
| JOHN ROJAS | TREASURER Trustee or director, Officer | 2 | $0 |
| ERLAN MARTINOZ | SECRETARY Trustee or director, Officer | 2 | $0 |
| TIFFANY ANDERS | BOARD MEMBER Trustee or director | 1 | $0 |
| MARIO MENDIGANA | BOARD MEMBER Trustee or director | 1 | $0 |
| FEDERICO CARBALLO | BOARD MEMBER Trustee or director | 1 | $0 |
| MARTA TATAJE | BOARD MEMBER Trustee or director | 1 | $0 |
| DANILO FORMOLO | BOARD MEMBER Trustee or director | 1 | $0 |
| PETER MORGAN | BOARD MEMBER Trustee or director | 1 | $0 |
| NATALIA SANCHEZ | BOARD MEMBER Trustee or director | 1 | $0 |
| IVAN DIAZ | BOARD MEMBER Trustee or director | 1 | $0 |
| THOMAS PARKS | BOARD MEMBER Trustee or director | 1 | $0 |
| PACINO MANCILLAS | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 145 SCALEYBARK RD STE C, CHARLOTTE, NC 28209-2682
- In care of
- % COMMERCE
- Principal officer (990 for 2024)
- MANUEL REY, 145C SCALEYBARK RD, CHARLOTTE, NC 28209
- Signed the 990
- MARIO MENDIGANA, TREASURER
- Phone
- (704) 343-2525
- Website
- WWW.LACCCHARLOTTE.COM
- Return prepared by
- GREERWALKER LLP
Mission
TO FOSTER THE ECONOMIC GROWTH AND DEVELOPMENT OF THE LATIN AMERICAN BUSINESS COMMUNITY IN THE CHARLOTTE, NC REGION WITH A PLATFORM OF EVENTS AND PROGRAMS THAT INCLUDE OPPORTUNITIES IN NETWORKING, MENTORING, ACCESS, RETOOLING SEMINARS, LEADERSHIP DEVELOPMENT, AND ACCULTURATION TO HELP THAT BUSINESS COMMUNITY SUCCEED IN THE US BUSINESS ENVIRONMENT.
Program accomplishments
- CONNECT AND EMPOWER LATINO AND NON-LATINO BUSINESSES, ENTREPRENEURS, AND PROFESSIONALS TO DO BUSINESS AMONG EACH OTHER AS WELL AS WITH LARGE CORPORATIONS AND STRATEGIC PARTNERS IN ORDER TO FIND OPPORTUNITIES FOR GROWTH, PROSPERITY AND FASTER INTEGRATION IN OUR ECONOMY. THE ORGANIZATION HOSTED 16 EVENTS THROUGHOUT THE YEAR WITH 6 PROGRAMS AND 22 SEMINARS ON DIFFERENT TOPICS.
- PROVIDE INFORMATION AND BUSINESS REFERRALS TO MEMBERS OF THE LATIN AMERICAN BUSINESS COMMUNITY IN CHARLOTTE IN ADDITION TO PROGRAMS BASED ON SMALL BUSINESS RESOURCES AND WORKFORCE DEVELOPMENT. 6 PROGRAMS WERE OFFERED THROUGHOUT THE YEAR SERVING 153 CLIENTS WITH A VARIETY BEING STUDENTS AND SMALL BUSINESS OWNERS.
- PROVIDE SEMINARS ON RELEVANT BUSINESS AND COMMUNITY TOPICS. SEMINARS FOCUSED ON SMALL BUSINESS TOPICS, FINANCIAL LITERACY, AND TECHNICAL SKILLS FOR THE COMMUNITY. 22 SEMINARS WERE OFFERED THROUGHOUT THE YEAR SERVING 324 CLIENTS.
- HELD WORKSHOPS FOR THE DUTIES OF MEMBERSHIP DIRECTORS.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-5840747
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $308,004
- Income (IRS master file)
- $724,124
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $724,124 | $1,119,326 | $308,004 | XML |
| 990 | December 2023 | $1,064,255 | $697,626 | $561,219 | XML |
| 990 | December 2022 | $543,944 | $597,544 | $191,415 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 41-5840747).
Questions about LATIN AMERICAN CHAMBER OF COMMERCE OF CHARLOTTE
- What is the EIN of LATIN AMERICAN CHAMBER OF COMMERCE OF CHARLOTTE?
- The employer identification number (EIN) of LATIN AMERICAN CHAMBER OF COMMERCE OF CHARLOTTE is 41-5840747.
- Is LATIN AMERICAN CHAMBER OF COMMERCE OF CHARLOTTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2001.
- Are donations to LATIN AMERICAN CHAMBER OF COMMERCE OF CHARLOTTE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LATIN AMERICAN CHAMBER OF COMMERCE OF CHARLOTTE 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 CHAMBER OF COMMERCE OF CHARLOTTE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LATIN AMERICAN CHAMBER OF COMMERCE OF CHARLOTTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LATIN AMERICAN CHAMBER OF COMMERCE OF CHARLOTTE?
- The 990 for the year ended December 31, 2024 names MANUEL REY.
- Who are the officers and directors of LATIN AMERICAN CHAMBER OF COMMERCE OF CHARLOTTE?
- The 990 for the year ended December 31, 2024 lists 17 people; 3 received compensation from the organization, the highest $114,850 (GRISELDA BAILEY, OUTGOING - PRESIDENT & CEO).
- How much revenue does LATIN AMERICAN CHAMBER OF COMMERCE OF CHARLOTTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $724,124, expenses of $1,119,326 and total assets of $308,004 at year end.
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