THE LATIN AMERICAN AND CARIBBEAN ECONOMIC ASSOCIATION INC

EIN: 133999267 501(c)(3) International Affairs

WASHINGTON, DC

Total Revenue
$282,400
Total Expenses
$276,691
Total Assets
$919,561
Net Assets
$918,061
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
DC
Principal Officer
FRANCISCO FERREIRA
Tax Period
2023-01-01 to 2023-12-31

THE LATIN AMERICAN AND CARIBBEAN ECONOMIC ASSOCIATION INC, founded in 1992, is a small nonprofit in the International Affairs sector that reported $282K in total revenue in fiscal year 2023. Net assets of $918K represent 39 months of operating reserves.

Mission

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE LATIN AMERICAN AND CARIBBEAN ECONOMIC ASSOCIATION WAS FOUNDED IN JULY 1992, TO ENCOURAGE GREATER PROFESSIONAL INTERACTION AND FOSTER INCREASED DIALOGUE AMONG RESEARCHERS AND PRACTITIONERS WHOSE WORK FOCUSES ON THE ECONOMIES OF LATIN AMERICA AND THE CARIBBEAN. SINCE ITS INCEPTION, LACEA HAS GROWN TO AN ORGANIZATION WITH AN ANNUAL AVERAGE OF 1000 ACTIVE MEMBERS. STARTING FROM 1996, THE ASSOCIATION HAS HELD ANNUAL MEETINGS IN MEXICO CITY, BOGOTA, BUENOS AIRES, SANTIAGO, RIO DE JANEIRO, MONTEVIDEO, MADIRD, PUEBLA, SAN JOSE COSTA RICA AND PARIS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $281,557
Program Service Revenue $0
Investment Income $843
Other Revenue $0
TOTAL REVENUE $282,400

Expense Breakdown

Grants Paid $124,148
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $242,719
Other Expenses $152,543
TOTAL EXPENSES $276,691

Year-over-Year Comparison

2023 2022 Change
Revenue $282,400 $295,825 0.0%
Expenses $276,691 $124,222 +1.2%
Net Income $5,709 $171,603 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
N/A
Volunteers
18

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANCISCO FERREIRA PRESIDENT 5.00
Officer Director
$0 $0 $0
MARCELA ESLAVA VICE PRESIDE 3.00
Officer Director
$0 $0 $0
SERGIO SCHMUKLER TREASURER 1.00
Officer
$0 $0 $0
ANGELA FONSECA EXECUTIVE SE 24.00
Officer
$0 $0 $0
LAURA ALFARO EXECUTIVE ME 1.00
Director
$0 $0 $0
JUAN VARGAS EXECUTIVE ME 1.00
Director
$0 $0 $0
FELIPE BARRERA EXECUTIVE ME 1.00
Director
$0 $0 $0
INES BERNIELL EXECUTIVE ME 1.00
Director
$0 $0 $0
ADRIANA CAMACHO EXECUTIVE ME 1.00
Director
$0 $0 $0
ANGEL CALDERON EXECUTIVE ME 1.00
Director
$0 $0 $0
PATRICIA CORTES EXECUTIVE ME 1.00
Director
$0 $0 $0
ANA MARIA IBANEZ EXECUTIVE ME 1.00
Director
$0 $0 $0
SUSAN PARKER EXECUTIVE ME 1.00
Director
$0 $0 $0
PABLO QUERUBIN EXECUTIVE ME 1.00
Director
$0 $0 $0
LAURA RIPANI EXECUTIVE ME 1.00
Director
$0 $0 $0
JOANA SILVA EXECUTIVE ME 1.00
Director
$0 $0 $0
RODRIGO SOARES EXECUTIVE ME 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $282,400 $276,691 $919,561 $5,709
2022 $295,825 $124,222 $913,554 $171,603
2021 $253,249 $83,732 $763,749 $169,517
2020 $139,796 $111,368 $575,732 $28,428
2019 $239,627 $318,861 $558,213 $-79,234
2018 $291,334 $402,995 $680,769 $-111,661
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