Colombian-American Association Inc
- Assets
- $46.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- New York, NY
- Founding
- 05/1949
- Data as of
- 12/2022
- EIN
- 13-6162064
Organization Overview
Colombian-American Association Inc is located in New York, NY. The organization was established in 1949. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Colombian-American Association Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colombian-American Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Colombian-American Association Inc generated $70.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $90.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III LINE 1, ON THE NEXT PAGE.
Describe the Organization's Program Activity:
Part 3
WEBINAR ON "COLOMBIA'S OUTLOOK: OPPORTUNITIES & CHALLENGERS FOR 2021" WITH PANELISTS RICHARD FRANCIS, DIRECTOR AT FITCH RATINGS, ANGELA HURTADO MANAGING DIRECTOR AT J.P. MORGAN, AND STEPHEN DONEHOO, MANAGING PARTNER AT MCLARTY ASSOCIATES.
A 3-PART WEBINAR SERIES ON THE SUBJECT "WHEN WOMEN LEAD: INSIGHTS ON THE TRANSFORMATIVE POWER OF FEMALE LEADERSHIP" WAS HELD ON MARCH 8, 9, AND 10. THE PANEL PROGRAMS WERE: ROUNDTABLE: INCREASING WOMEN'S LEADERSHIP IN CORPORATE LATIN AMERICA; MUJERES, CIENCIA Y EMPRENDIMIENTO; AND THE ROLE OF MEN IN GENDER EQUALITY.
A RECEPTION WAS HELD TO LAUNCH THE CAA'S FIRST INCUBATION PROGRAM FOR COLOMBIAN ENTREPRENEURS WITH GUEST OF HONOR H.E. IVAN DUQUE MARQUEZ,PRESIDENT OF COLOMBIA. THE PROGRAM WAS SET UP TO PRIORITIZE MINORITY INDIVIDUALS WITH PROMISING BUSINESS IDEAS IN THE TECHNOLOGY SECTOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Calvet Secretary | 40 | $16,500 | |
Lina Delgado Executive Director (resigned August 2022) | 40 | $16,000 | |
Stephanie Junger-Moat President | 3 | $0 | |
Ana M Blanco Vice President | 1 | $0 | |
Juan Carlos Ardila Director | 1 | $0 | |
Eduardo Cortes Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $51,559 |
| Membership dues | $19,367 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $70,926 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $29,625 |
| Professional fees and other payments to independent contractors | $20,515 |
| Occupancy, rent, utilities, and maintenance | $2,252 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $37,569 |
| Total expenses | $89,961 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $46,190 |
| Other assets | $0 |
| Total assets | $46,190 |
| Total liabilities | $654 |
| Net assets or fund balances | $45,536 |