Latin American Economic Development Association Inc.

Interesting data from their 2020 990 filing

From their filing, the objective of the non-profit is stated as “The latin american economic development association, inc (laeda) is a non-profit economic development organization dedicated: to the creation of small business ownership opportunities for economically disadvantaged minorities, to contribute to the growth and success of minority owned small businesses and the development of the marketplace in the communities we serve.this non-profit was formed with the purpose:1.to raise the economic, educational, and social levels of the economically disadvantaged residents, primarily members of the minority community, in the delaware valley, primarily the city of camden, new jersey; to foster and promote employment creation initiatives and expansion of the job base in the community; and to foster and promote community-wide interest and concern for the problems of such residents to the end that (a) educational and economic opportunities may be expanded; (b) sickness, poverty, crime, and environmental degradation may be lessened; and (c) racial tensions”.

When talking about its functions, they were outlined as: “Laeda is dedicated: to the creation of small business ownership opportunities for economically disadvantaged minorities, to contribute to the growth and success of minority owned small businesses and the development of the marketplace in the communities we serve.”.

• The legally reported state of operation for the non-profit is NJ.
• According to the filing, the non-profit's address in 2020 is 433 MARKET STREET 100, CAMDEN, NJ, 08102.
• The non-profit organization as of 2020 has a total of 7 employees reported on their form.
• Does not operate a hospital.
• Does not operate a school.
• Does not collect art.
• Does not provide credit counseling.
• Does not have foreign activities.
• Is not a donor advised fund.
• Is not a private foundation.
• Expenses are between $500,000 and $1,000,000+.
• Revenue is between $250,000 and $500,000.
• Revenue less expenses is -$128,527.
• The CEO's compensation within the organization is determined through a thorough evaluation by an impartial entity.
• The organization has a written policy that describes how long it will retain documents.
• The organization has 3 independent voting members.
• The organization was formed in 1987.
• The organization has a written policy that addresses conflicts of interest.
• The organization is required to file Schedule B.
• The organization is required to file Schedule O.
• The organization pays $376,626 in salary, compensation, and benefits to its employees.
• The organization pays $0 in fundraising expenses.
• The organization provides Form 990 to its governing body.
• The organization has minutes of its meetings.
• The organization has a written whistleblower policy.
• The organization's financial statements were reviewed by an accountant.