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Little Ethiopia Business Association

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

EIN: 743142591 ✦ Los angeles, CA ✦ Designated as a 501(c)(6)

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Overview

What is Little Ethiopia Business Association?

The Little Ethiopia Business Association, located at 1039 S Fairfax Ave, Los Angeles, CA 90019, is a nonprofit organization dedicated to fostering culture, tourism, and the growth of its member businesses. Their mission encompasses empowerment, security, and the overall well-being of both the businesses and the surrounding neighborhood. The association works tirelessly to promote the area's unique offerings and enhance its appeal, while also ensuring a safe and secure environment for all stakeholders.

Is Little Ethiopia Business Association legitimate?

Little Ethiopia Business Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Little Ethiopia Business Association 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

What is the mission statement of Little Ethiopia Business Association?

The Little Ethiopia Business Association's mission is centered around promoting cultural and touristic aspects, while simultaneously empowering and enhancing its member businesses. The organization also prioritizes ensuring the security, safety, and well-being of both the businesses and the neighborhood. In essence, its goal is to foster a thriving business environment and preserve the community's cultural heritage.

What is the revenue of Little Ethiopia Business Association?

Little Ethiopia Business Association's revenue in 2023 was $14,210.

Who are the executives of Little Ethiopia Business Association and what are their salaries?

Here are 3 key members and their salaries:


Negest Leguesse (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fekre Gebremariam (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dawit Belay (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Little Ethiopia Business Association?

Little Ethiopia Business Association's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Little Ethiopia Business Association

Little Ethiopia Business Association, as a nonprofit organization, is committed to its mission of promoting culture, tourism, enhancing, and empowering its member businesses. Beyond this, it also prioritizes ensuring the security and safety of both the businesses and the neighborhood. By fulfilling this mission, the association seeks to contribute positively to the overall well-being of the community it serves.

In essence, the Little Ethiopia Business Association acts as a catalyst for growth and development within its membership. It works tirelessly to promote Ethiopian culture and attract tourists, thereby boosting the local economy. Additionally, the association provides a supportive environment for its member businesses, enabling them to thrive and grow. Crucially, the organization also prioritizes the safety and security of both the businesses and the neighborhood, creating a sense of peace and stability that is conducive to growth and development.

In summary, the Little Ethiopia Business Association is a vital force within its community, working to promote Ethiopian culture, empower its member businesses, and ensure the safety and security of the neighborhood. Through its various initiatives, the association is making a significant contribution to the well-being of the community it serves.

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Impact




October, 2024

Little Ethiopia Business Association significantly impacts the local community in Los Angeles by fostering cultural awareness and economic growth. By promoting Ethiopian culture and tourism, the organization enhances the visibility of its member businesses, attracting both locals and visitors to the vibrant neighborhood. This focus on culture not only enriches the community but also serves as a catalyst for economic empowerment among its businesses.

In addition, the association prioritizes the security and well-being of the neighborhood, ensuring a safe environment for both businesses and patrons. This commitment to safety encourages more foot traffic, which benefits local entrepreneurs and strengthens the community’s overall stability. Through its initiatives, Little Ethiopia Business Association plays a crucial role in elevating the economic and cultural landscape of the area, leading to a vibrant and resilient community.




This information is meant to be a general summary of Little Ethiopia Business Association. 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
$14,210 (2023)
Expenses
$13,564 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Gross Receipts: $14,210

Assets and Liabilities:

  • Total Assets: $165
  • Total Liabilities: $551
  • Net Assets: -$386

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Organization Details

Founding Year

2013

Principal Officer

Lubanja Tilahun

NTEE Category

Code: S40 - Community improvement

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