Nonprofit · EIN 59-1232945
LATIN CHAMBER OF COMMERCE INC
Tax-exempt · MIAMI, FL 33135
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $626,111 | $824,774 | -$198,663 | $1,226,784 | $690,530 | $536,254 |
| December 31, 2023 | 990 | $1,050,793 | $814,802 | $235,991 | $1,479,502 | $744,585 | $734,917 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $592,461
- Membership dues
- $90,053
- Program service revenue
- $33,650
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $133,453
- Other salaries and wages
- $214,077
- Salaries, compensation and benefits (total)
- $364,223
- Professional fundraising fees
- $0
- Legal fees
- $183,122
- Accounting fees
- $3,350
- Travel
- $14,538
- Depreciation
- $37,223
Balance sheet and other
- Total assets, start of year
- $1,479,502
- Total assets, end of year
- $1,226,784
- Total liabilities, end of year
- $690,530
- Net assets, end of year
- $536,254
- Land, buildings and equipment
- $870,764
- Net assets without donor restrictions
- $536,254
- Gross receipts
- $626,111
- Employees
- 4
- Year formed
- 1965
- State of legal domicile
- FL
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 |
|---|---|---|---|
| PATRICIA ARIAS | EXECUTIVE DIRECTOR Officer, Highest-paid employee | 40 | $133,453 |
| JOSE L CHI | PRESIDENT Trustee or director, Officer | 5 | $0 |
| WIFREDO GORT | DIRECTOR OF INTERNATIONAL RELATIONS Trustee or director | 2 | $0 |
| PEDRO MESA | DIRECTOR Trustee or director | 2 | $0 |
| ITALO TORRESE | VICE PRESIDENT Trustee or director | 2 | $0 |
| LUIS A MIGUEL | DIRECTOR Trustee or director | 2 | $0 |
| JORGE ZUMAETA | DIRECTOR Trustee or director | 2 | $0 |
| RICHARD ALAYON ESQ | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PATRICIA ARIAS | EXECUTIVE DIRECTOR Officer, Highest-paid employee | 40 | $119,595 |
| JOSE L CHI | PRESIDENT Trustee or director, Officer | 5 | $0 |
| WIFREDO GORT | DIRECTOR OF INTERNATIONAL RELATIONS Trustee or director | 2 | $0 |
| PEDRO MESA | DIRECTOR Trustee or director | 2 | $0 |
| OSCAR A ECHEVARRIA | DIRECTOR Trustee or director | 2 | $0 |
| ITALO TORRESE | VICE PRESIDENT Trustee or director | 2 | $0 |
| LUIS A MIGUEL | DIRECTOR Trustee or director | 2 | $0 |
| JORGE ZUMAETA | DIRECTOR Trustee or director | 2 | $0 |
| RICHARD ALAYON ESQ | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1401 W FLAGLER STREET, MIAMI, FL 33135-2254
- In care of
- % COMMERCE INC
- Principal officer (990 for 2024)
- PATRICIA ARIAS, 1401 WEST FLAGLER STREET, MIAMI, FL 33135
- Signed the 990
- PATRICIA ARIAS, EXECUTIVE DIRECTOR
- Phone
- (305) 807-7923
- Website
- WWW.CAMACOL.ORG
- Return prepared by
- OROZCO & LOPEZ CPAS LLC
Mission
THE MISSION IS TO PROMOTE COMMERCE AND STRENGTHEN ECONOMIC DEVELOPMENT AS AN ASSOCIATION OF MEMBERS. TO ASSIST, ADVOCATE FOR AND DEVELOPMENT HISPANIC AND OTHER BUSINESSES, PROMOTE THEM WITHIN THE COMMUNITY AND ASSIST THEM IN COMMERCIAL CAPACITY BUILDING AND IN INTERNATIONAL TRADE DEVELOPMENT.
Program accomplishments
- ARPA American Rescue and Recovery Program which provides training and skills set for low income directed to obtaining employment is the digital media, trade logistics and entrepreneurial development services.
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
- 59-1232945
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1968
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,226,784
- Income (IRS master file)
- $626,111
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $626,111 | $824,774 | $1,226,784 | XML |
| 990 | December 2023 | $1,050,793 | $814,802 | $1,479,502 | XML |
| 990 | December 2022 | $475,295 | $703,481 | $1,145,660 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 59-1232945).
Questions about LATIN CHAMBER OF COMMERCE INC
- What is the EIN of LATIN CHAMBER OF COMMERCE INC?
- The employer identification number (EIN) of LATIN CHAMBER OF COMMERCE INC is 59-1232945.
- Is LATIN CHAMBER OF COMMERCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1968.
- Are donations to LATIN CHAMBER OF COMMERCE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LATIN CHAMBER OF COMMERCE 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 CHAMBER OF COMMERCE INC 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 CHAMBER OF COMMERCE INC 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 CHAMBER OF COMMERCE INC?
- The 990 for the year ended December 31, 2024 names PATRICIA ARIAS.
- Who are the officers and directors of LATIN CHAMBER OF COMMERCE INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $133,453 (PATRICIA ARIAS, EXECUTIVE DIRECTOR).
- How much revenue does LATIN CHAMBER OF COMMERCE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $626,111, expenses of $824,774 and total assets of $1,226,784 at year end.
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