Laco Elec Inc

Organization Overview

Laco Elec Inc is located in Pasadena, CA. The organization was established in 1947. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laco Elec Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.

For the year ending 09/2021, Laco Elec Inc generated $313.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $710.9k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (5.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TITLE-HOLDING ENTITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TITLE-HOLDING ENTITY


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Board, Officers & Key Employees

Name (title)Compensation
Joel Barton
Business Manager/fin Sec
$0
Charles Webb Jr
Treasurer - Past
$0
Eric Brown
Vice President
$0
Gaylord Roten
President
$0
David Grabowski
Secretary - Past
$0
Jaime Sanchez
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
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$0
Total Program Service Revenue$269,170
Investment income $32,722
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $11,395
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $313,287

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