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)

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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

1) TO ENCOURAGE RESEARCH AND TEACHING RELATED TO THE ECONOMICS OF LATIN AMERICAN AND CARIBBEAN COUNTRIES AND TO FOSTER DIALOGUE AMONG RESEARCHERS AND PRACTITIONERS WHOSE WORK FOCUSES ON THE ECONOMIES OF THE REGION. AS A MATTER OF POLICY, LACEA WELCOMES ECONOMISTS OF ALL NATIONALITIES, THEORETICAL ORIENTATIONS AND POLICY PERSPECTIVES. 2) TO ENCOURAGE INTERACTION AMONG SCHOLARS, TEACHERS AND POLICY-MAKERS RESIDING AND WORKING IN LATIN AMERICA AND THE CARIBBEAN AND PROFESSIONALS RESIDING OUTSIDE THE REGION. 3) TO SPONSOR PROGRAMS, MEETINGS, CONFERENCES AND OTHER OPPORTUNITIES FOR SCHOLARLY EXCHANGE AMONG INDIVIDUALS AND ORGANIZATIONS CONCERNED WITH THE ECONOMIES OF LATIN AMERICAN AND CARIBBEAN NATIONS. IN THIS CAPACITY, LACEA CAN ACT BOTH INDEPENDENTLY AND AS A MEMBER OF OTHER PROFESSIONAL OR NONPROFIT ASSOCIATIONS.

Program Service Accomplishments

Program 1
Expenses: $116,571

ANNUAL MEETING: A SPACE THAT AIMS TO ENCOURAGE GREATER PROFESSIONAL INTERACTION AND FOSTER INCREASED DIALOGUE AMONG RESEARCHERS AND PRACTITIONERS WHOSE WORK FOCUSES ON THE ECONOMIES OF LATIN AMERICA...

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ANNUAL MEETING: A SPACE THAT AIMS 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.

Program 2
Expenses: $124,148 Revenue: $50,000

RESEARCH GRANTS: TO HELP PROMOTE THE INTERACTION OF YOUNG AND SEASONED ECONOMISTS, AS WELL AS SOCIAL SCIENTISTS AND DEVELOPMENT PRACTITIONERS, LACEA SPONSORS TWELVE NETWORKS IN THE FIELD OF CAPACITY...

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RESEARCH GRANTS: TO HELP PROMOTE THE INTERACTION OF YOUNG AND SEASONED ECONOMISTS, AS WELL AS SOCIAL SCIENTISTS AND DEVELOPMENT PRACTITIONERS, LACEA SPONSORS TWELVE NETWORKS IN THE FIELD OF CAPACITY BUILDING. EACH NETWORK - INEQUALITY AND POVERTY (NIP), POLITICAL ECONOMY (PEG), TRADE, INTEGRATION AND GROWTH IN LATIN AMERICA (TIGN), IMPACT EVALUATION (IEN), FINANCE CAMPS (IE&F), AMERICA LATINA CRIME AND POLICY (AL CAPONE), LABOR NETWORK, HEALTH ECONOMICS NETWORK, BEHAVIORAL ECONOMICS NETWORK (BRAIN), URBAN ECONOMICS NETWORK (LAURBAN), HUMANS MIGRATION NETWORK AND ECONOMIC HISTORY NETWORK - HOLDS ANNUAL MEETINGS IN DIFFERENT REGIONS OF LATIN AMERICA.

Program 3
Expenses: $2,000 Revenue: $20,555

ECONOMIA LACEA JOURNAL IS THE JOURNAL OF THE LATIN AMERICAN AND CARIBBEAN ECONOMIC ASSOCIATION. LAUNCHED IN 2000 AND INITIALLY NAMED "ECONOMIA", IT WAS PUBLISHED BY BROOKINGS PRESS UNTIL 2022...

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ECONOMIA LACEA JOURNAL IS THE JOURNAL OF THE LATIN AMERICAN AND CARIBBEAN ECONOMIC ASSOCIATION. LAUNCHED IN 2000 AND INITIALLY NAMED "ECONOMIA", IT WAS PUBLISHED BY BROOKINGS PRESS UNTIL 2022. CURRENTLY, THE JOURNAL IS PUBLISHED BY LSE PRESS IN OPEN ACCESS AND ON A CONTINUOUS PUBLISHING FORMAT. THE JOURNAL PUBLISHES PEER-REVIEWED GENERAL INTEREST RESEARCH PAPERS IN ALL AREAS OF ECONOMICS AND FINANCE.

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Trantor Score

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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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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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