Civic Intelligence

Latino Food Industry Association

EIN 81-1752495 • 501(c)6 • Los Angeles, CA

Profile

The specific purposes of lfia are the following:a. To serve, represent, support and promote the role of latino entrepreneurs in all aspects of the food industry in the united states;b. To establish and maintain an organization that makes available to its members information on training, financing, and other resources and tools required to advance in the food industry;c. To promote and encourage latinos to network, participate and support each other in the programs and activities of the corporation;d. To inform and educate the corporation's membership regarding the regulatory and legal issues facing the food industry, and to work with governing agencies and legislatures to address membership concerns;e. To work with other companies and organizations in the food industry to represent the interest of latinos; andf. To participate in new technology, marketing, health and research projects targeted at the latino market in the united states.

633 W 5th Street Ste 1100Los Angeles, CA 90071

latinofoodindustry.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

51st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2023

Net Margin

10th percentile

-62%

Higher net margin than 10% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

30th percentile

-16%

Faster asset growth than 30% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

8th percentile

-66%

Faster revenue growth than 8% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$96,312

Down $18,782 (-16%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$96,312

Down $18,782 (-16%) from 2022

Revenue

Down

$30,242

Down $58,484 (-66%) from 2022

Expenses

Down

$49,024

Down $14,936 (-23%) from 2022

Net Income

Down

-$18,782

Down $43,548 (-176%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2017: $97,399Liabilities 2017: $0Net Assets 2017: $97,3992017Assets 2018: $81,004Liabilities 2018: $0Net Assets 2018: $81,0042018Assets 2019: $61,087Liabilities 2019: $0Net Assets 2019: $61,0872019Assets 2020: $77,270Liabilities 2020: $0Net Assets 2020: $77,2702020Assets 2021: $90,328Liabilities 2021: $0Net Assets 2021: $90,3282021Assets 2022: $115,094Liabilities 2022: $0Net Assets 2022: $115,0942022Assets 2023: $96,312Liabilities 2023: $0Net Assets 2023: $96,3122023

Highlighted filing

2023

Assets$96,312
Liabilities$0
Net Assets$96,312

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2017: $149,189Expenses 2017: $83,443Net Income 2017: $65,7462017Revenue 2018: $41,488Expenses 2018: $57,883Net Income 2018: -$16,3952018Revenue 2019: $90,332Expenses 2019: $110,249Net Income 2019: -$19,9172019Revenue 2020: $98,025Expenses 2020: $81,367Net Income 2020: $16,6582020Revenue 2021: $110,742Expenses 2021: $97,684Net Income 2021: $13,0582021Revenue 2022: $88,726Expenses 2022: $63,960Net Income 2022: $24,7662022Revenue 2023: $30,242Expenses 2023: $49,024Net Income 2023: -$18,7822023

Highlighted filing

2023

Revenue$30,242
Expenses$49,024
Net Income-$18,782

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$30,242
Mission and Program Overview

Mission

To serve, represent, support and promote the role of latino enterpreneurs in all aspects of the food industry in the united states.

The specific purposes of lfia are the following:a. To serve, represent, support and promote the role of latino entrepreneurs in all aspects of the food industry in the united states;b. To establish and maintain an organization that makes available to its members information on training, financing, and other resources and tools required to advance in the food industry;c. To promote and encourage latinos to network, participate and support each other in the programs and activities of the corporation;d. To inform and educate the corporation's membership regarding the regulatory and legal issues facing the food industry, and to work with governing agencies and legislatures to address membership concerns;e. To work with other companies and organizations in the food industry to represent the interest of latinos; andf. To participate in new technology, marketing, health and research projects targeted at the latino market in the united states.

Program Services

DescriptionGrantsExpenses
DURING THE YEAR LFIA PROMOTED, SUPPORTED, AND EDUCATED 1000S OF LATINO OWNERS, EMPLOYEES, AND ENTREPRENEURS IN THRIVING IN TODAY'S FAST-PACED WORLD OF THE FOOD AND BEVERAGE INDUSTRY.$0$39,219
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
RUBEN SMITHBoard Member, Chairman-$0--
JOE BENITESBoard Member, Sec./Treasur-$0--
ROBERT ALANIZBoard Member. Vice Pres.-$0--
DAVID LIZARRAGABoard Member, Vice Chairma-$0--
JESUS CARDENASBoard Member-$0--
LILLY ROCHABoard Member, President-$0--
CARLOS VIRAMONTESBoard Member-$0--
LUPILLO RAMIREZBoard Member, Chairman-$0--
HOMERO TRISTANBoard Member-$0--
JACOB MONTYBoard Member-$0--
JOHN SELLERSBoard Member-$0--
TERESA RAZOBoard Member-$0--
Political and Lobbying Activity
In-house lobbying only
Yes
Filing and Contact Details

Filer

Filer Name
Latino Food Industry Association
EIN
81-1752495
Phone
7148526800
Address
633 W 5TH STREET STE 1100, LOS ANGELES, CA 90071

Signing Officer

Name
Lily Rocha
Title
President
Phone
2137160620
Signed
2024-11-13
Discuss with paid preparer
Yes

Preparer

Firm
Vasquez & Co Llp
Address
655 N CENTRAL AVE STE 1550, GLENDALE, CA 91203
Preparer
Regina Prince CPA
Phone
2138731700
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

Description: administrative services. Amount: 3,743. Description: organizational support. Amount: 5,500. Description: liability insurance. Amount: 366. Description: miscellaneous expense. Amount: 1,452. Description: event expense. Amount: 7,500. Description: information technology. Amount: 3,263. Total to form 990-ez, line 16: 21,824.

Form 990-ez, Part II, Line 24 - Other Assets

Description: accounts receivable. Beg. Of year amount: 1,000. End of year amount: 1,000.

Raw XML Appendix171 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0RUBEN SMITH
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IRS990EZ/PrimaryExemptPurposeTxt0THE SPECIFIC PURPOSES OF LFIA ARE THE FOLLOWING:A. TO SERVE, REPRESENT, SUPPORT AND PROMOTE THE ROLE OF LATINO ENTREPRENEURS IN ALL ASPECTS OF THE FOOD INDUSTRY IN THE UNITED STATES;B. TO ESTABLISH AND MAINTAIN AN ORGANIZATION THAT MAKES AVAILABLE TO ITS MEMBERS INFORMATION ON TRAINING, FINANCING, AND OTHER RESOURCES AND TOOLS REQUIRED TO ADVANCE IN THE FOOD INDUSTRY;C. TO PROMOTE AND ENCOURAGE LATINOS TO NETWORK, PARTICIPATE AND SUPPORT EACH OTHER IN THE PROGRAMS AND ACTIVITIES OF THE CORPORATION;D. TO INFORM AND EDUCATE THE CORPORATION'S MEMBERSHIP REGARDING THE REGULATORY AND LEGAL ISSUES FACING THE FOOD INDUSTRY, AND TO WORK WITH GOVERNING AGENCIES AND LEGISLATURES TO ADDRESS MEMBERSHIP CONCERNS;E. TO WORK WITH OTHER COMPANIES AND ORGANIZATIONS IN THE FOOD INDUSTRY TO REPRESENT THE INTEREST OF LATINOS; ANDF. TO PARTICIPATE IN NEW TECHNOLOGY, MARKETING, HEALTH AND RESEARCH PROJECTS TARGETED AT THE LATINO MARKET IN THE UNITED STATES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0DURING THE YEAR LFIA PROMOTED, SUPPORTED, AND EDUCATED 1000S OF LATINO OWNERS, EMPLOYEES, AND ENTREPRENEURS IN THRIVING IN TODAY'S FAST-PACED WORLD OF THE FOOD AND BEVERAGE INDUSTRY.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: ADMINISTRATIVE SERVICES. AMOUNT: 3,743. DESCRIPTION: ORGANIZATIONAL SUPPORT. AMOUNT: 5,500. DESCRIPTION: LIABILITY INSURANCE. AMOUNT: 366. DESCRIPTION: MISCELLANEOUS EXPENSE. AMOUNT: 1,452. DESCRIPTION: EVENT EXPENSE. AMOUNT: 7,500. DESCRIPTION: INFORMATION TECHNOLOGY. AMOUNT: 3,263. TOTAL TO FORM 990-EZ, LINE 16: 21,824.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 1,000. END OF YEAR AMOUNT: 1,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02137160620
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-13
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ReturnHeader/Filer/EIN0811752495
ReturnHeader/Filer/PhoneNum07148526800
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0655 N CENTRAL AVE STE 1550
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0REGINA PRINCE CPA
ReturnHeader/ReturnTs02024-11-13T20:55:54-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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