Overview
What is Latino Business Chamber Of Greater La Foundation Inc?
The Latino Business Chamber of Greater LA Foundation Inc is a nonprofit organization situated in Santa Fe Springs, California. With a team of just three dedicated individuals, their primary mission is to empower and stimulate the growth of Latino-owned businesses. They accomplish this goal through various methods, including procurement assistance, technical support, strategic planning, advocacy, and access to influential leaders. Furthermore, they actively engage in economic development and business education to foster a prosperous business environment for the Latino community within Los Angeles. Their activities are aimed at establishing favorable economic structures and policy initiatives that promote the growth and success of Latino businesses across the region.
Official website here: www.lalcc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33% (Zero-Star out of Four Star rating)
The Latino Business Chamber Of Greater LA Foundation Inc has received a low rating of 33% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization has a fully independent board and no material diversion of assets, it lacks essential policies such as conflict of interest and whistleblower protections. Additionally, the absence of posted board meeting minutes and financial documents on its website further detracts from its transparency.
Strengths noted in the evaluation include a fully independent board and a solid approach to asset management, as evidenced by a liabilities to assets ratio of 0.00%. However, the organization seems to struggle with maintaining essential governance policies and effective financial reporting, which are critical for building trust with donors and stakeholders.
Overall, while the Latino Business Chamber Of Greater LA Foundation Inc demonstrates some strengths in governance, its significant weaknesses in accountability measures and financial transparency raise serious concerns. Prospective donors should consider these factors carefully when evaluating the organization's credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Latino Business Chamber Of Greater La Foundation Inc legitimate?
Latino Business Chamber Of Greater La Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Latino Business Chamber Of Greater La Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lalcc.org
What is the mission statement of Latino Business Chamber Of Greater La Foundation Inc?
The Latino Business Chamber of Greater LA Foundation's mission is to promote and facilitate economic structures and policy initiatives that empower the development of Latino-owned businesses and stimulate economic growth throughout Los Angeles. This is achieved through various means such as procurement assistance, technical support, strategic planning, advocacy, access to influential leaders, and business education. Their goal is to help Latino business owners grow and make a positive economic impact in the community.
Official website here: www.lalcc.org
Who is the CEO of Latino Business Chamber Of Greater La Foundation Inc?
Darrel Sauceda is the Board Member of Latino Business Chamber Of Greater La Foundation Inc.
Official website here: www.lalcc.org
What is the revenue of Latino Business Chamber Of Greater La Foundation Inc?
Latino Business Chamber Of Greater La Foundation Inc's revenue in 2022 was $181,073.
Official website here: www.lalcc.org
Who are the executives of Latino Business Chamber Of Greater La Foundation Inc and what are their salaries?
There are 3 employees at Latino Business Chamber Of Greater La Foundation Inc.
Here are 8 key members and their salaries:
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Official website here: www.lalcc.org
Where can I find the form 990 for Latino Business Chamber Of Greater La Foundation Inc?
Latino Business Chamber Of Greater La Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lalcc.org
Learn more at the official website: www.lalcc.org
Mission Statement of Latino Business Chamber Of Greater La Foundation Inc
The Latino Business Chamber of Greater LA Foundation Inc is committed to facilitating economic structures and policy initiatives that empower the development of Latino businesses and foster economic growth across Los Angeles. To achieve this mission, the organization provides technical assistance to help unite and organize Latino business owners, encouraging growth and positive impact within the community. This is accomplished through various means, including procurement assistance, strategic planning, advocacy, access to influential leaders, economic development, and business education. By leveraging these resources, the Latino Business Chamber of Greater LA Foundation Inc plays a crucial role in empowering Latino businesses and promoting economic growth in Los Angeles.
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Impact
October, 2024
The Latino Business Chamber Of Greater LA Foundation Inc plays a crucial role in fostering economic growth across Los Angeles by empowering Latino business owners through various initiatives. By providing technical assistance, the organization helps unite and organize Latino entrepreneurs, enabling them to flourish in a competitive landscape.
Through strategic planning and advocacy, the foundation enhances access to procurement opportunities and connects business owners with influential leaders in the community. This support not only bolsters individual businesses but also contributes to the overall economic development of the region. Business education programs offered by the organization equip Latino entrepreneurs with the necessary skills and knowledge to navigate the complexities of the marketplace.
As a result of these efforts, the chamber's impact is evident in the creation of a more robust economic environment that benefits both Latino communities and the broader Los Angeles area. The chamber's work fosters resilience and growth, ensuring that Latino businesses have the tools and resources they need to succeed and thrive.
This information is meant to be a general summary of Latino Business Chamber Of Greater La Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $73
- Program Service Revenue: $22,500
- Gross Receipts: $181,073
Assets and Liabilities:
- Total Assets: $171,162
- Total Liabilities: $0
- Net Assets: $171,162
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Webinars
Revenue
$22,500
Organization Details
Founding Year
2008
Phone
(562) 556-6492Principal Officer
Darrel Sauceda
Main Address
8531 WELLSFORD PL UNIT E, SANTA FE SPRINGS, CA, 90670
Website
www.lalcc.orgNTEE Category
Code: P80 - Human services
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