Latin American And Caribbean Economic Association
- Assets
- $919.6k
- Revenue
- $282.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 07/1999
- Data as of
- 12/2023
- EIN
- 13-3999267
Organization Overview
Latin American And Caribbean Economic Association, operating under the name Lacea, is located in Washington, DC. The organization was established in 1999. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lacea is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Lacea generated $282.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $276.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francisco Ferreira President | OfficerTrustee | 5 | $0 |
Marcela Eslava Vice Preside | OfficerTrustee | 3 | $0 |
Sergio Schmukler Treasurer | Officer | 1 | $0 |
Angela Fonseca Executive Se | Officer | 24 | $0 |
Laura Alfaro Executive Me | Trustee | 1 | $0 |
Juan Vargas Executive Me | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $211,002 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,555 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $281,557 |
| Total Program Service Revenue | $0 |
| Investment income | $843 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $282,400 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $124,148 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,913 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,866 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $89,843 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $276,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $515,204 |
| Savings and temporary cash investments | $404,357 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $919,561 |
| Accounts payable and accrued expenses | $1,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,500 |
| Net assets without donor restrictions | $913,678 |
| Net assets with donor restrictions | $4,383 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $919,561 |