Laco Elec Inc

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

EIN: 951474820 ✦ Pasadena, CA ✦ Designated as a 501(c)(2)

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Overview

What is Laco Elec Inc?

Laco Elec Inc, situated in Pasadena, California, functions as a title-holding entity in the real estate sector. Its primary role involves managing property titles within this industry. As a title-holding entity, Laco Elec Inc plays an essential role in the transfer and protection of property rights, providing vital services to the real estate market.

Is Laco Elec Inc legitimate?

Laco Elec Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Laco Elec 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

What is the mission statement of Laco Elec Inc?

Laco Elec Inc, as a title-holding entity, is primarily engaged in the real estate sector. Its mission, in essence, is to serve as a custodian of titles within this industry. While the specifics of its operations are not provided, it can be inferred that the company plays a crucial role in managing and safeguarding real estate titles, contributing to the smooth functioning of the real estate market. However, due to the limited information provided, a detailed mission statement cannot be fully elaborated.

Who is the CEO of Laco Elec Inc?

Joel Barton is the Business Manager/Fin Sec of Laco Elec Inc.

What is the revenue of Laco Elec Inc?

Laco Elec Inc's revenue in 2022 was $202,316.

Who are the executives of Laco Elec Inc and what are their salaries?


Here are 13 key members and their salaries:


Joel Barton (Business Manager/Fin Sec)
  • Compensation: $0
  • Related: $260,676
  • Other: $73,047
Gaylord Roten (President)
  • Compensation: $0
  • Related: $209,029
  • Other: $73,047
Eric Brown (Vice President)
  • Compensation: $0
  • Related: $171,541
  • Other: $73,047
Christine Austria-Lozoya (Trustee)
  • Compensation: $0
  • Related: $170,857
  • Other: $73,047
Jaime Sanchez (Treasurer)
  • Compensation: $0
  • Related: $48,774
  • Other: $21,176
Thomas Sterrett (Trustee - Past)
  • Compensation: $0
  • Related: $35,451
  • Other: $14,788
Benjamin Frank (Trustee)
  • Compensation: $0
  • Related: $40,389
  • Other: $1,288
Crystal Herrera (Trustee)
  • Compensation: $0
  • Related: $5,965
  • Other: $2,887
Shawn Mcdonald (Trustee)
  • Compensation: $0
  • Related: $5,632
  • Other: $2,606
John Harriel (Trustee)
  • Compensation: $0
  • Related: $5,303
  • Other: $2,557
Gustavo Alfaro (Trustee)
  • Compensation: $0
  • Related: $3,691
  • Other: $1,915
Diego Gomez (Trustee)
  • Compensation: $0
  • Related: $3,691
  • Other: $1,644
Armando Gutierrez (Trustee)
  • Compensation: $0
  • Related: $1,050
  • Other: $473
Where can I find the form 990 for Laco Elec Inc?

Laco Elec Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Laco Elec Inc

Laco Elec Inc, functioning as a title-holding entity, plays a significant role in the real estate industry. Their mission, in essence, involves holding titles in this sector, operating from their base in Pasadena, California. In a broader sense, Laco Elec Inc serves as a vital intermediary in the real estate market, managing property titles, which is a crucial aspect of property transactions. However, the specifics of their operations and services within this role remain undisclosed in the provided information.

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Impact




October, 2024

Laco Elec Inc operates as a title-holding entity in the real estate industry, primarily based in Pasadena, CA. Its role is significant in facilitating community improvement through strategic property management and ownership. By holding titles to various properties, Laco Elec can influence real estate dynamics within the region, ensuring that developments align with community needs and goals. This involvement not only contributes to the stability and enhancement of local neighborhoods but also supports broader initiatives that focus on sustainable growth and development. Laco Elec's activities help to shape a thriving community by maintaining and improving real estate assets, which can lead to increased property values, heightened community engagement, and overall better living conditions for residents.




This information is meant to be a general summary of Laco Elec 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
$202,316 (2022)
Expenses
$3,353,949 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $72,531
  • Program Service Revenue: $129,785
  • Gross Receipts: $1,657,780

Assets and Liabilities:

  • Total Assets: $6,676,848
  • Total Liabilities: $95,242
  • Net Assets: $6,581,606

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Programs

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

RENTAL INCOME

Revenue

$129,785

Organization Details

Founding Year

1947

Principal Officer

Joel Barton

Main Address

297 N Marengo Ave, Pasadena, CA, 91101

NTEE Category

Code: S47 - Community improvement

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