Tennessee Latin American Chamber Of Commerce
- Assets
- $531.0
- Revenue
- $135.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Brentwood, TN
- Founding
- 07/2001
- Data as of
- 12/2023
- EIN
- 62-1799043
Organization Overview
Tennessee Latin American Chamber Of Commerce is located in Brentwood, TN. The organization was established in 2001. 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 12/2023, Tennessee Latin American Chamber Of Commerce employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Latin American Chamber Of Commerce 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 12/2023, Tennessee Latin American Chamber Of Commerce generated $135.8k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $337.1k 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
THE ORGANIZATIONS MISSION IS TO CREATE VALUE FOR OUR MEMBERS, SPONSORS, AND ALLIES THROUGH EDUCATION, ADVOCACY, AND INTERCONNECTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPANADA TASTING: TLACC COLLABORATES WITH COMMUNITY PARTNER, THE TENNESSEE PERFORMING ARTS CENTER, TO HOST THE ANNUAL EMPANADA TASTING. THIS EVENT SHOWCASES CHEFS DELICIOUSLY THROUGH A FRIENDLY COMPETITION OF EMPANADA RECIPIES FROM AROUND THE WORLD.
OTHER PROGRAMS
RELATIONSHIP BUILDING EVENTS: THE RELATIONSHIP BUILDING EVENTS USUALLY CONSIST OF LUNCHES ATTENDED BY MEMBERS AND NON-MEMBERS. SPONSORS HAVE THE OPPORTUNITY TO FEATURE THEIR COMPANIES BY ADDRESSING THE AUDIENCE FOR A FEW MINUTES ABD HAVING A DISPLAY TABLE OR HAND OUT LITERATURE TO ALL OF THE ATTENDEES. DURING OUR RELATIONSHIP BUILDING EVENTS, EVERYONE HAS THE OPPORTUNITY TO MAKE NEW BUSINESS ALLIANCES OR FORTIFY THEM. IT IS A GREAT OPPORTUNITY TO INTRODUCE BUSINESSES OR PROFESSIONAL TALENT TO A MULTICULTURAL GROUP OF BUSINESS OWNERS AND PROFESSIONALS IN MIDDLE TN.
GOLF EVENT: THE GOLF EVENT CONSISTS OF AN OUTING ATTENDED BY MEMBERS AND NON-MEMBERS. SPONSORS HAVE THE OPPORTUNITY TO SPONSOR GOLF COURSE HOLES AND ENGAGE IN A FRIENDLY COMPETITION WITH OTHER BUSINESS PROFESSIONAL AND THEREBY NETWORK AND SUPPORT THE TLACC ORGANIZATION. DURING THE GOLF EVENT,EVERYONE HAS THE OPPORTUNITY TO MAKE NEW BUSINESS ALLIANCES OR FORTIFY THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karla Vazquez Board President | Officer | 4 | $0 |
Eva Angelina Romero Board Vice President | Officer | 1 | $0 |
Ralph Levy Legal Consel | Trustee | 1 | $0 |
Jacky Gomez Secretary | Officer | 1 | $0 |
Matthew Johnson Treasurer | Officer | 1 | $0 |
Ana Maria Cortes Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $19,985 |
| Fundraising events | $35,858 |
| Related organizations | $0 |
| Government grants | $66,550 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,393 |
| Total Program Service Revenue | $13,376 |
| Investment income | $0 |
| 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 | $135,769 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $163,260 |
| Compensation of current officers, directors, key employees. | $106,747 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,520 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,477 |
| Fees for services: Accounting | $10,950 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,785 |
| Advertising and promotion | $9,853 |
| Office expenses | $10,262 |
| Information technology | $3,890 |
| Royalties | $0 |
| Occupancy | $34,691 |
| Travel | $3,243 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,076 |
| Interest | $2,211 |
| Payments to affiliates | $2,841 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,690 |
| All other expenses | $11,989 |
| Total functional expenses | $337,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$2,557 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,088 |
| 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 | $531 |
| Accounts payable and accrued expenses | $19,370 |
| 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 | $44,900 |
| Other liabilities | $0 |
| Total liabilities | $64,270 |
| Net assets without donor restrictions | $0 |
| 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 | -$63,739 |
| Total liabilities and net assets/fund balances | $531 |