LATIN AMERICAN CHAMBER OF COMMERCE OF CHARLOTTE INSTITUTE

EIN: 854310103 501(c)(3) Employment

CHARLOTTE, NC

Total Revenue
$2,151,599
Total Expenses
$559,595
Total Assets
$1,940,261
Net Assets
$1,898,550
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
NC
Principal Officer
GRISELDA BAILEY
Phone
9809859458
Tax Period
2023-01-01 to 2023-12-31

LATIN AMERICAN CHAMBER OF COMMERCE OF CHARLOTTE INSTITUTE, founded in 2020, is a community nonprofit in the Employment sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 850% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 74% operating margin.

Mission

TO DEVELOP AND PROVIDE EDUCATIONAL PROGRAMMING DESIGNED TO RETOOL, EQUIP, AND EDUCATE THE HISPANIC ENTREPRENEURIAL AND START-UP COMMUNITY IN THE CHARLOTTE, NC REGION, INCLUDING THOSE SEEKING JOB SKILLS TO OBTAIN GOOD EMPLOYMENT WITH A LOCAL COMPANY.

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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 $2,150,000
Program Service Revenue $0
Investment Income $1,599
Other Revenue $0
TOTAL REVENUE $2,151,599

Expense Breakdown

Grants Paid $206,000
Salaries & Benefits $0
Fundraising Expenses $1,738
Program Expenses $481,416
Other Expenses $353,595
TOTAL EXPENSES $559,595

Year-over-Year Comparison

2023 2022 Change
Revenue $2,151,599 $226,544 +8.5%
Expenses $559,595 $104,464 +4.4%
Net Income $1,592,004 $122,080 +12.0%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
15

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
5
$107,000
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SIMON MUNOZ-ALVAREZ CHAIR 2.00
Officer Director
$0 $0 $0
JOHANNA SUAREZ VICE CHAIR 2.00
Officer Director
$0 $0 $0
JOHN ROJAS TREASURER 2.00
Officer Director
$0 $0 $0
ERLAN MARTINEZ SECRETARY 2.00
Officer Director
$0 $0 $0
MARIO MANDIGANA BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS PARKS BOARD MEMBER 1.00
Director
$0 $0 $0
FEDERICO CARBALLO BOARD MEMBER 1.00
Director
$0 $0 $0
PETER MORGAN BOARD MEMBER 1.00
Director
$0 $0 $0
TIFFANY ANDERS BOARD MEMBER 1.00
Director
$0 $0 $0
DANILO FORMOLO BOARD MEMBER 1.00
Director
$0 $0 $0
IVAN DIAZ-CAMPOS BOARD MEMBER 1.00
Director
$0 $0 $0
NATALIA SANCHEZ BOARD MEMBER 1.00
Director
$0 $0 $0
PACINO MANCILLAS BOARD MEMBER 1.00
Director
$0 $0 $0
MARTA TATAJE BOARD MEMBER 1.00
Director
$0 $0 $0
GRISELDA BAILEY PRESIDENT & CEO 30.00
Officer
$0 $0 $107,000
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 $2,151,599 $559,595 $1,940,261 $1,592,004
2022 $226,544 $104,464 $314,033 $122,080
2021 $200,000 $15,535 $184,465 $184,465
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