Latin Chamber Of Commerce Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 591232945 ✦ Miami, FL ✦ Designated as a 501(c)(6)

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Overview

What is Latin Chamber Of Commerce Inc?

Latin Chamber of Commerce Inc, located in Miami, Florida, is a nonprofit association with a mission to foster commerce and stimulate economic growth. With a team of five dedicated individuals, they serve their clientele through the Florida Trade Program. Their primary objective is to support, advocate for, and develop Hispanic and other businesses within the community. They help these businesses enhance their commercial capacity and participate in international trade development. The organization's activities extend beyond local boundaries, aiming to strengthen economic development on a broader scale.


Official website here: www.camacol.com

Is Latin Chamber Of Commerce Inc legitimate?

Latin Chamber Of Commerce Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Latin Chamber Of Commerce 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: $104,754
Professional Fundraising Fees: $0
Other Salaries and Wages: $124,195

For more financial information, click here


Official website here: www.camacol.com

What is the mission statement of Latin Chamber Of Commerce Inc?

The Latin Chamber of Commerce Inc's mission is centered around promoting commerce and fostering economic development. Acting as an association of members, their mission is to assist, advocate for, and aid in the development of Hispanic and other businesses. They strive to promote these businesses within the community and assist them in enhancing their commercial capabilities and international trade development. The Florida Trade Program, a part of their services, provides units of service to clients.


Official website here: www.camacol.com

Who is the CEO of Latin Chamber Of Commerce Inc?

Fausto Alvarez is the Executive Director of Latin Chamber Of Commerce Inc.


Official website here: www.camacol.com

What is the revenue of Latin Chamber Of Commerce Inc?

Latin Chamber Of Commerce Inc's revenue in 2022 was $475,295.


Official website here: www.camacol.com

Who are the executives of Latin Chamber Of Commerce Inc and what are their salaries?

The average compensation at Latin Chamber Of Commerce Inc during 2022 was $45,790. There are 5 employees at Latin Chamber Of Commerce Inc.


Here are 10 key members and their salaries:


Patricia Arias (Executive Director)
  • Compensation: $104,754
  • Related: $0
  • Other: $0
Jose L Chi (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fausto Alvarez (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wifredo Gort (Director Of International Relations)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pedro Mesa (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Oscar A Echevarria (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Italo Torrese (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luis A Miguel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jorge Zumaeta (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Alayon Esq (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.camacol.com

Where can I find the form 990 for Latin Chamber Of Commerce Inc?

Latin Chamber Of Commerce Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.camacol.com

Learn more at the official website: www.camacol.com

Mission Statement of Latin Chamber Of Commerce Inc

The Latin Chamber of Commerce Inc, as an association of members, is committed to promoting commerce and strengthening economic development. Their mission extends beyond this, aiming to assist, advocate for, and develop Hispanic and other businesses within the community. They strive to promote these businesses, helping them to establish a commercial footing and participate in international trade development. Through their efforts, they aim to bolster the economic growth and prosperity of their member businesses. The Florida Trade Program, one of their initiatives, provides units of service to clients, further demonstrating their dedication to supporting their member businesses.

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Impact




October, 2024

The Latin Chamber of Commerce Inc significantly impacts the economic landscape by promoting commerce and strengthening economic development. Located in Miami, Florida, it serves as a vital resource for Hispanic and other businesses, advocating for their growth and facilitating opportunities for commercial capacity building and international trade development.

Through its Florida Trade Program, the chamber offers essential services to clients, supporting businesses in navigating the complexities of trade and commerce. This proactive approach not only empowers entrepreneurs but also fosters a more robust local economy by enhancing the visibility and viability of diverse businesses within the community.

By focusing on community improvement, the Latin Chamber of Commerce Inc plays a crucial role in creating a supportive environment for business owners, driving economic growth, and ultimately contributing to a more vibrant and inclusive economic ecosystem.




This information is meant to be a general summary of Latin Chamber Of Commerce 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.

Revenue
$475,295 (2022)
Expenses
$703,481 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $324
  • Program Service Revenue: $81,659
  • Gross Receipts: $475,295

Assets and Liabilities:

  • Total Assets: $1,145,660
  • Total Liabilities: $646,734
  • Net Assets: $498,926

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

NOTARIZATION AND LEGALIZATION

Revenue

$10,805

EVENTS ORGANIZATION

Revenue

$13,910

REGISTRATIONS

Revenue

$27,833

OTHER INCOME

Revenue

$29,111

Organization Details

Founding Year

1965

Principal Officer

Fausto Alvarez

Main Address

1401 WEST FLAGLER STREET, Miami, FL, 33135

NTEE Category

Code: S41 - Community improvement

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