Latin American Missions Board Inc
- Assets
- $584.1k
- Revenue
- $291.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Mt Pleasant, WI
- Founding
- 01/1980
- Data as of
- 12/2021
- EIN
- 35-2111411
Organization Overview
Latin American Missions Board Inc is located in Mt Pleasant, WI. The organization was established in 1980. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Latin American Missions Board Inc 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 12/2021, Latin American Missions Board Inc generated $291.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $149.9k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MEDICAL AND HUMANITARIAN AID TO UNDERSERVED AREAS OF LATIN AMERICA, HELP INDIVIDUALS PARTICIPATE IN THE WORK OF MISSIONARIES, PROVIDE AN EFFECTIVE WAY TO GET NEEDED FINANCIAL SUPPORT TO THE MISSIONS FIELD, AND SUPPORT A VARIETY OF OUTREACHES AND SHORT-TERM TRIPS TO MEET SPECIFIC NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DR. JANE WEAVER AND HER STAFF OF SEVEN AT THE CLINIC IN SAN LORENZO PLAY AN IMPORTANT PART IN THIS UNDER PRIVILEGED COMMUNITY WHICH HAS LIMITED ACCESS TO HEALTHCARE. DR. WEAVER AND HER STAFF PROVIDE YEAR-ROUND MEDICAL, OCULAR AND SURGICAL CARE FOR APPROXIMATELY 300 PATIENTS PER MONTH. PROVIDED FUNDS FROM LAMB SUPPORTED REGULAR MEDICAL/SURGICAL EQUIPMENT AND GENERAL OPERATION OF THE MEDICAL CLINIC. LAMB FUNDS ALSO SUPPORTED A FULL-TIME MEDICAL MISSIONARY SERVING IN ECUADOR FOR HOUSING, LIVING EXPENSES AND SUPPLIES. IN ADDITION, THREE DIFFERENT ANESTHESIOLOGISTS WERE FUNDED THROUGHOUT THE YEAR FOR THE MONTHLY GENERAL SURGERY WEEKS. DUE TO GOVERNMENT COVID RESTRICTIONS IN SAN LORENZO WE COULD ONLY SPONSOR ONE OCULAR TEAM OF 5 PEOPLE IN FEBRUARY/MARCH. THEY SAW AND PERFORMED SURGERY ON 56 PATIENTS. BECAUSE OF THE INABILITY TO OPERATE AT FULL CAPACITY FOR 5 MONTHS THE CLINIC EXPERIENCED A SIGNIFICANT DECLINE IN REVENUE. LAMB WAS ABLE TO PROVIDE FUNDING TO MEET THE SHORTFALL AND COVER STAFF SALARIES FOR THE YEAR. OUR LARGEST ACCOMPLISHMENT THIS YEAR HAS BEEN THE ACQUISITION OF APPROXIMATELY 49,828.00 IN DONATIONS FOR MEDICAL EQUIPMENT AND SUPPLIES WHICH ARE TO BE SENT BY CONTAINER TO ECUADOR AS SOON AS SHIPPING ARRANGEMENTS ARE APPROVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Jane Weaver Missionary D | Officer | 70 | $17,400 |
Tim Duncan President | OfficerTrustee | 4 | $0 |
Carol Leicht Treasurer | OfficerTrustee | 10 | $0 |
Nondus Carr Secretary | OfficerTrustee | 2 | $0 |
Mary Jo Clem Director | Trustee | 1 | $0 |
Mitchell Patterson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $26,839 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $250,272 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $277,111 |
| Total Program Service Revenue | $0 |
| Investment income | $14,248 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$123 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $291,748 |
| 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 | $63,745 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $35,891 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,600 |
| 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 | $1,702 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40 |
| Advertising and promotion | $0 |
| Office expenses | $28,111 |
| Information technology | $1,420 |
| Royalties | $0 |
| Occupancy | $2,932 |
| Travel | $8,457 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,890 |
| All other expenses | $73 |
| Total functional expenses | $149,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,741 |
| Savings and temporary cash investments | $406,840 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $8,919 |
| 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 | $162,608 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $584,108 |
| Accounts payable and accrued expenses | $101,284 |
| 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 | $659 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $101,943 |
| Net assets without donor restrictions | $482,165 |
| Net assets with donor restrictions | $0 |
| 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 | $584,108 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Latin American Missions Board Inc has recieved totaling $27,600.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $27,600 |
Endowment Analysis
| Beg. Balance | $35,617 |
| Earnings | $3,585 |
| Ending Balance | $39,202 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mercy-Usa For Aid And Development Inc Plymouth, MI | $10,231,459 | $64,709,039 |
Cure International Inc Grand Rapids, MI | $64,472,066 | $39,923,691 |
World Medical Relief Incorporated Southfield, MI | $2,456,304 | $31,548,187 |
Books For Africa Inc St Paul, MN | $13,734,656 | $31,917,470 |
The Global Foodbanking Network Chicago, IL | $18,753,140 | $16,426,499 |
Adventist Frontier Missions Inc Berrien Springs, MI | $13,681,877 | $9,406,971 |
Global Health Ministries Minneapolis, MN | $6,370,809 | $5,877,190 |
Common Hope Inc Saint Paul, MN | $9,018,791 | $5,078,357 |
International Samaritan Ann Arbor, MI | $25,596,341 | $2,530,295 |
New Vision Foundation St Paul, MN | $1,210,057 | $3,502,088 |
Outreach Inc Union, IA | $5,436,657 | $3,524,242 |
Community Systems Foundation Ann Arbor, MI | $1,779,833 | $2,966,882 |