Civic Intelligence

Latin Business Association Inc

EIN 95-3256245 • 501(c)6 • Montebello, CA

Profile

To assist small businesses in the latino community with the financial and human resources that will help them grow and make contributions to the economy

1800 W Beverly Blvd Ste 201Montebello, CA 90640

www.lbausa.com

Siviq Scores

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

Liabilities / Assets

100th percentile

29.91x

Higher debt load relative to assets than 100% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

98th percentile

1.10x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2021

Net Margin

76th percentile

16%

Higher net margin than 76% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2021

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 2021

Asset Growth

81st percentile

21%

Faster asset growth than 81% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

93rd percentile

68%

Faster revenue growth than 93% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets100th percentile

Assets

Up

$5,620

Up $968 (+21%) from 2020

Liabilities

Down

$168,100

Down $23,436 (-12%) from 2020

Net Assets

Up

-$162,480

Up $24,404 (+13%) from 2020

Operations
Liabilities / Revenue98th percentileNet Margin76th percentile

Revenue

Up

$153,388

Up $61,888 (+68%) from 2020

Expenses

Up

$128,984

Up $57,014 (+79%) from 2020

Net Income

Up

$24,404

Up $4,874 (+25%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth81st percentile

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

$400K$200K$0-$200K-$400KAssets 2010: $59,300Liabilities 2010: $199,244Net Assets 2010: -$139,9442010Assets 2011: $19,960Liabilities 2011: $192,381Net Assets 2011: -$172,4212011Assets 2012: $5,364Liabilities 2012: $182,924Net Assets 2012: -$177,5602012Assets 2013: $39,712Liabilities 2013: $172,589Net Assets 2013: -$132,8772013Assets 2014: $12,157Liabilities 2014: $134,559Net Assets 2014: -$122,4022014Assets 2015: $9,557Liabilities 2015: $121,504Net Assets 2015: -$111,9472015Assets 2016: $9,490Liabilities 2016: $153,413Net Assets 2016: -$143,9232016Assets 2017: $7,824Liabilities 2017: $162,419Net Assets 2017: -$154,5952017Assets 2018: $24,124Liabilities 2018: $184,553Net Assets 2018: -$160,4292018Assets 2019: -$3,343Liabilities 2019: $203,071Net Assets 2019: -$206,4142019Assets 2020: $4,652Liabilities 2020: $191,536Net Assets 2020: -$186,8842020Assets 2021: $5,620Liabilities 2021: $168,100Net Assets 2021: -$162,4802021

Highlighted filing

2021

Assets$5,620
Liabilities$168,100
Net Assets-$162,480
Open 2021 Filing

Operations Trend

Revenue Growth93rd percentile

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

$400K$200K$0-$200KExpenses 2010: $353,9832010Expenses 2011: $317,6442011Expenses 2012: $358,2142012Revenue 2013: $385,068Expenses 2013: $343,892Net Income 2013: $41,1762013Revenue 2014: $333,743Expenses 2014: $323,268Net Income 2014: $10,4752014Revenue 2015: $346,855Expenses 2015: $339,437Net Income 2015: $7,4182015Revenue 2016: $274,459Expenses 2016: $285,192Net Income 2016: -$10,7332016Revenue 2017: $225,492Expenses 2017: $236,164Net Income 2017: -$10,6722017Revenue 2018: $224,296Expenses 2018: $223,805Net Income 2018: $4912018Revenue 2019: $130,335Expenses 2019: $176,320Net Income 2019: -$45,9852019Revenue 2020: $91,500Expenses 2020: $71,970Net Income 2020: $19,5302020Revenue 2021: $153,388Expenses 2021: $128,984Net Income 2021: $24,4042021

Highlighted filing

2021

Revenue$153,388
Expenses$128,984
Net Income$24,404
Open 2021 Filing

Filings

Most recent year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,620
Liabilities
$168,100
Net assets
-$162,480
Revenue
$153,388
Expenses
$128,984
Net income
$24,404
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.06$1.68$1.62$1.53$1.29$0.24
2020Detailed filing. Detailed filing data is available for this year.$0.05$1.92$1.87$0.92$0.72$0.20
2019Detailed filing. Detailed filing data is available for this year.$0.03$2.03$2.06$1.30$1.76$0.46
2018Detailed filing. Detailed filing data is available for this year.$0.24$1.85$1.60$2.24$2.24$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.08$1.62$1.55$2.25$2.36$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.09$1.53$1.44$2.74$2.85$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.10$1.22$1.12$3.47$3.39$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.12$1.35$1.22$3.34$3.23$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.40$1.73$1.33$3.85$3.44$0.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$1.83$1.78$3.58
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$1.92$1.72$3.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$1.99$1.40$3.54
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$153,388
Mission and Program Overview

Mission

To assist small businesses in the latino community with the financial and human resources that will help them grow and make a contributions to the economy

To assist small businesses in the latino community with the financial and human resources that will help them grow and make contributions to the economy

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$23,307$10,679▼ $12,628
Accounts Receivable$688$3,188▲ $2,500
Land, Buildings, and Equipment, Net$2,010$2,010→ $0
Cash and Non-Interest-Bearing Accounts$245$-1,287▼ $1,532
Total Assets$4,652$5,620▲ $968
Other Assets Total$1,709$1,709→ $0
Liabilities
Unsecured Notes Loans Payable$99,417$99,417→ $0
Accounts Payable and Accrued Expenses$57,799$46,991▼ $10,808
Other Liabilities$11,013$11,013→ $0
Total Liabilities$191,536$168,100▼ $23,436
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-186,884$-162,480▲ $24,404
Total Net Assets Fund Balance$-186,884$-162,480▲ $24,404
Total Liabilities and Net Assets / Fund Balance$4,652$5,620▲ $968

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,250-$1,250
Equipment$760-$760
Other Assets Org$209--
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Ruben GuerraPresident
Andrea NavarreteDirector
David V CruzDirector
Gabriela MarroquinDirector
Harold RoblesDirector
Jorge MoralesDirector
Maria GuerraDirector
Raul NunezDirector
Zeferino LunaDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$148,619
Investment Income
$0
Other Revenue
$4,769
Change in Net Assets
$24,404
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$96,928
Salaries, Compensation, and Employee Benefits$32,056
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$21,614--$21,614
Other Salaries and Wages-$18,565-$18,565
Occupancy-$17,488-$17,488
Current Officers, Directors, Trustees, and Key Employees$13,491--$13,491
Fees for Services Other$12,820--$12,820
Travel$12,470--$12,470
Other Expenses$6,580$6,583-$6,583
Information Technology-$6,003-$6,003
All Other Expenses$4,007--$4,007
Office Expenses-$3,613-$3,613
Fees for Services Accounting-$1,770-$1,770
Advertising-$788-$788
Insurance-$40-$40
Total Functional Expenses$70,982$58,002$0$128,984
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$23,307$10,679▼ $12,628
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$10,948
Expenses Paid by Directors$65
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“The organization has different membership levels for both individuals and businesses. Each membership level provides varying services for meetings, events, conferences, and special events.”

Member election for additional members Part VI line 7A

“Members are typically voted biannually in november for the organizations executive board and board of directors subsequently. This has changed with annual elections in november for six positions in even years and seven positions in odd years effective in 2012.the executive board can serve an additional term beyond two successive terms with approval of the board of directors and must be deemed for the good for the association effective in 2012.”

Form 990 governing body review Part VI line 11

“The organizations chairman reviews, approves, and signs the form 990”

Governing documents etc available to public Part VI line 19

“These documents are not made readily available to the public”

Filing and Contact Details

Filer

Filer Name
Latin Business Association Inc
EIN
95-3256245
Address
1800 W BEVERLY BLVD STE 201, Montebello, CA 90640

Signing Officer

Name
Ruben Guerra
Title
President
Signed
2022-11-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Ruben Guerra
Formed
1976
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
0
Employees
2

Preparer

Firm
The LM Company Inc Tax and Acct Svc
Address
790 E Colorado Blvd 9th Floor, Pasadena, CA 91101
Preparer
Luis Bravo EA
Phone
6267373089
Raw XML Appendix387 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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IRS990/ProgramServiceRevenueGrp/Desc1SPONSORSHIPS
IRS990/ProgramServiceRevenueGrp/Desc2NETWORKING EVENTS
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt162500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt243780
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt042339
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt243780
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IRS990/PYProgramServiceRevenueAmt091500
IRS990/PYRevenuesLessExpensesAmt019530
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IRS990/PYTotalExpensesAmt071970
IRS990/PYTotalRevenueAmt091500
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IRS990/ReconcilationRevenueExpnssAmt024404
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0153388
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
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IRS990ScheduleC/OnlyInHouseLobbyingInd0false
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0false
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0760
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01250
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01250
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1209
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1MERCHANT ACCOUNT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010948
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt165
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1EXPENSES PAID BY DIRECTORS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02010
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01709
IRS990ScheduleD/TotalLiabilityAmt011013
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT
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IRS990ScheduleL/TotalBalanceDueAmt010679
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS DIFFERENT MEMBERSHIP LEVELS FOR BOTH INDIVIDUALS AND BUSINESSES. EACH MEMBERSHIP LEVEL PROVIDES VARYING SERVICES FOR MEETINGS, EVENTS, CONFERENCES, AND SPECIAL EVENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ARE TYPICALLY VOTED BIANNUALLY IN NOVEMBER FOR THE ORGANIZATIONS EXECUTIVE BOARD AND BOARD OF DIRECTORS SUBSEQUENTLY. THIS HAS CHANGED WITH ANNUAL ELECTIONS IN NOVEMBER FOR SIX POSITIONS IN EVEN YEARS AND SEVEN POSITIONS IN ODD YEARS EFFECTIVE IN 2012.THE EXECUTIVE BOARD CAN SERVE AN ADDITIONAL TERM BEYOND TWO SUCCESSIVE TERMS WITH APPROVAL OF THE BOARD OF DIRECTORS AND MUST BE DEEMED FOR THE GOOD FOR THE ASSOCIATION EFFECTIVE IN 2012.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATIONS CHAIRMAN REVIEWS, APPROVES, AND SIGNS THE FORM 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THESE DOCUMENTS ARE NOT MADE READILY AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing documents etc available to public Part VI line 19
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IRS990/TotalEmployeeCnt02
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt070982
IRS990/TotalFunctionalExpensesGrp/TotalAmt0128984
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt0168100
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-162480
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt070982
IRS990/TotalProgramServiceRevenueAmt0148619
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0153388
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05620
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt012470
IRS990/TravelGrp/TotalAmt012470
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
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IRS990/WebsiteAddressTxt0WWW.LBAUSA.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0RUBEN GUERRA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LATIN BUSINESS ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LATI
ReturnHeader/Filer/EIN0953256245
ReturnHeader/Filer/USAddress/AddressLine1Txt01800 W BEVERLY BLVD STE 201
ReturnHeader/Filer/USAddress/CityNm0Montebello
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090640
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454085759
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0The LM Company Inc Tax and Acct Svc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0790 E Colorado Blvd 9th Floor
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Pasadena
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091101
ReturnHeader/PreparerPersonGrp/PhoneNum06267373089
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Luis Bravo EA
ReturnHeader/ReturnTs02022-11-15T20:19:28-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RUBEN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0GUERRA
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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