LATIN AMERICAN ECONOMIC DEVELOPMENT CORP OF THE PIEDMONT ATLANTIC REGION Charity Report

Public IRS 990 nonprofit record

LATIN AMERICAN ECONOMIC DEVELOPMENT CORP OF THE PIEDMONT ATLANTIC REGION

EIN 20-5648805

What they do

EASTLAND MALL REDEVELOPMENT. GIVEN THE CURRENT CHALLENGES of ECONOMIC MOBILITY IN CHARLOTTE and THE OPPORTUNITIES and THE EAST CORRIDOR REVITALIZATION THE FORMER EASTLAND MALL LOCATION OFFERS AFTER ITS PURCHASE and DEMOLITION BY THE CITY FOUR YEARS AGO, IN MARCH 2016 THE LAEDC COMMISSIONED A NEW VISION for THE SITE. WE ENGAGED WORLD CLASS ARCHITECT 2016 PRITZKER AWARD WINNER, ALEJANDRO ARAVENA, to CREATE A 21ST CENTURY VISION to CO-CREATE THE FORMER ICONIC EASTLAND MALL SITE, ONCE THE JEWELL of THE SOUTHEAST, INTO AN ECONOMIC OPPORTUNITY and SOCIAL INNOVATION HUB. THE SHAPE of THE SITE AS A TRIANGLE ITSELF INDICATES to BE A DELTA of OPPORTUNITIES and A CATALYST of CHANGE. THE CITY of CHARLOTTE OWNS THE PROPERTY NOW and THE LAEDC ENGAGED WITH THE MAYOR and THE CITYS SENIOR ECONOMIC DEVELOPMENT TEAM IN ORDER to ALIGN THE CITY and ALEJANDROS VISIONS. THE DEVELOPERS and THE CITY ARE LOOKING AT THE SITE NOW AS AN ECONOMIC OPPORTUNITY and INNOVATION HUB THAT INCLUDES MICRO DEVELOPMENT and IN

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2017The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders8 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

92.70%of revenue went to mission work100.0% of expenses · Program services

$92.70spent for every $100 of revenueRevenue covered expenses this year.

$0.13in assets for every $1 spent this yearSome assets cannot be spent right away.

99.8%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $54,300 for ASTRID CHIRINOS (CHIEF DEVELOPMENT EXECUTIV). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2017

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$98,933

Mission workProgram services$91,71292.70% of revenue100.0% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$7,2217.30% of revenueShown in gray on the chart

Total expenses$91,71292.70% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2017CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 92.70% of revenue

2016Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 99.47% of revenue

Money in and money out

Revenue$98,933

Expenses$91,712

Annual surplus $7,221 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$91,712 · 100.0% of expenses

See all reported dollar amounts

Revenue$98,933

Expenses$91,712

Assets$12,028

Contributions$98,733

Mission work (program services)$91,712

People

Leadership and board

Tax year 2017

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ASTRID CHIRINOSCHIEF DEVELOPMENT EXECUTIV · 35 hrs/week $54,300

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (8)

ASTRID CHIRINOSCHIEF DEVELOPMENT EXECUTIV

DAVID JONESTREASURER

JULIO COLMENARESCHAIR

MANUEL RODRIGUEZVICE-CHAIR

MARJORIE SERRALLES RUSSELLBOARD MEMBER

MATTY LAZO CHADDERTONSECRETARY

OMAR JORGEBOARD MEMBER

OSCAR SAAVEDRABOARD MEMBER

About this charity

Location: 1930 ABBOTT ST NO 304, CHARLOTTE, NC 28203
County: Mecklenburg
In care of: JULIO COLMENARES
Primary officer: JULIO COLMENARES, CHAIRMAN

How to reach them

WebsiteVisit the charity’s website Phone(704) 451-3978

Filing and classification

Latest tax year: 2017
Tax period began: January 1, 2017
Return type: 990EZ
Tax preparer: GREERWALKER LLP