LATIN BUSINESS ASSOCIATION INC Charity Report

Tax-exempt status may be revoked

LATIN BUSINESS ASSOCIATION INC

EIN 95-3256245 · Chambers of Commerce & Business Leagues (S41)

What they do

to ASSIST SMALL BUSINESSES IN THE LATINO COMMUNITY WITH THE FINANCIAL and HUMAN RESOURCES THAT WILL HELP THEM GROW and MAKE CONTRIBUTIONS to THE ECONOMY

Before you give

Should I give to this charity?

Easy charity check

Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

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 checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2021The 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 leaders9 people are listed in the latest report.

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

Money made simple

46.28%of revenue went to mission work55.0% of expenses · Program services

$84.09spent for every $100 of revenueRevenue covered expenses this year.

37.81%of revenue went to management and office costs45.0% of expenses

$0.04in assets for every $1 spent this yearSome assets cannot be spent right away.

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Money

Financial picture

Tax year 2021

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$153,388

Mission workProgram services$70,98246.28% of revenue55.0% of expenses

ManagementOffice and general costs$58,00237.81% of revenue45.0% of expenses

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

Revenue left after expensesReported annual surplus$24,40415.91% of revenueShown in gray on the chart

Total expenses$128,98484.09% 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

2021CurrentExpense mix: 55.0% mission · 45.0% management · 0.0% fundraisingTotal expenses: 84.09% of revenue

2020Expense mix: 37.2% mission · 62.8% management · 0.0% fundraisingTotal expenses: 78.66% of revenue

2019Expense mix: 27.3% mission · 56.3% management · 16.5% fundraisingTotal expenses: 135.28% of revenue

2018Expense mix: 40.6% mission · 41.4% management · 18.0% fundraisingTotal expenses: 99.78% of revenue

2017Expense mix: 33.9% mission · 43.5% management · 22.6% fundraisingTotal expenses: 104.73% of revenue

2016Expense mix: 51.7% mission · 28.9% management · 19.4% fundraisingTotal expenses: 103.91% of revenue

2015Expense mix: 59.1% mission · 25.5% management · 15.4% fundraisingTotal expenses: 97.86% of revenue

Money in and money out

Revenue$153,388

Expenses$128,984

Annual surplus $24,404 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)$70,982 · 55.0% of expenses

Management and office costs$58,002 · 45.0% of expenses

See all reported dollar amounts

Revenue$153,388

Expenses$128,984

Assets$5,620

Mission work (program services)$70,982

Management and general$58,002

Accounting fees$1,770

People

Leadership and board

Tax year 2021

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

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (9)

ANDREA NAVARRETEDIRECTOR

DAVID V CRUZDIRECTOR

GABRIELA MARROQUINDIRECTOR

HAROLD ROBLESDIRECTOR

JORGE MORALESDIRECTOR

MARIA GUERRADIRECTOR

RAUL NUNEZDIRECTOR

RUBEN GUERRAPRESIDENT

ZEFERINO LUNADIRECTOR

About this charity

Recognized since: April 1989
Location: 1800 W BEVERLY BLVD STE 201, Montebello, CA 90640
County: Los Angeles
In care of: RUBEN GUERRA
Primary officer: RUBEN GUERRA, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emailmembership@lbausa.com Phone(626) 737-3089

Filing and classification

Latest tax year: 2021
Tax period began: January 1, 2021
Return type: 990
Tax preparer: THE LM COMPANY INC TAX AND ACCT SVC
NTEE classification: Chambers of Commerce & Business Leagues (S41)
IRS tax category: Chambers of Commerce & Business Leagues
Revocation date: May 15, 2025