Latin American Economic Development Association Inc

Laeda

Camden, NJ
Tax-exempt since July 1989
EIN: 22-2846440

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Management Services for Small Business, Entrepreneurs (NTEE)

Donations to this organization are tax deductible.

Revenue

$499k (2023)

Expenses

$524k (2023)

Total Assets

$1.49M (2023)

Total Liabilities

$631k (2023)

Source: Form 990 tax filings from 2012 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Revenue

$498,545

Expenses

$524,347

Net Income

-$25,802

Net Assets

$855,508

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$557,969	> 100%
Program Services	$0
Investment Income	$131	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$74,555
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$15,000	3.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$112,764	21.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$254,091	48.5%

Assets/Debt
Total Assets	$1,486,521
Total Liabilities	$631,013
Net Assets	$855,508

Compensation

Key Employees and Officers	Compensation	Related	Other
Raymond Lamboy (President & Ceo)	$90,000	$0	$22,764
Krista Bey (Secretary)	$0	$0	$0
Diana Perez (Member)	$0	$0	$0
Jose Mercado (Board Chair)	$0	$0	$0
Justin Deng (Treasurer)	$0	$0	$0
Josue Castro (Member)	$0	$0	$0

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990

Filed on March 11, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending June
2022

Revenue

$540,206

Expenses

$482,388

Net Income

$57,818

Net Assets

$869,848

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$622,044	> 100%
Program Services	$0
Investment Income	$116	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$96,954
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$15,000	2.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$110,817	23.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$206,228	42.8%

Assets/Debt
Total Assets	$1,526,861
Total Liabilities	$657,013
Net Assets	$869,848

Compensation

Key Employees and Officers	Compensation	Related	Other
Raymond Lamboy (President & Ceo)	$88,269	$0	$22,548
Krista Bey (Member)	$0	$0	$0
Diana Perez (Member)	$0	$0	$0
Jose Mercado (Member)	$0	$0	$0
Marc Snyderman (Treasurer)	$0	$0	$0
Justin Deng (Member)	$0	$0	$0
Josue Castro (Member)	$0	$0	$0
Aran Ploshansky (Member)	$0	$0	$0
Mariluz Gonzalez (Board Chair)	$0	$0	$0

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990

Filed on Nov. 2, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2021

Revenue

$553,523

Expenses

$555,471

Net Income

-$1,948

Net Assets

$848,523

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$564,902	> 100%
Program Services	$0
Investment Income	$335	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$23,714
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$12,000	2.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$106,878	19.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$284,324	51.2%

Assets/Debt
Total Assets	$1,483,330
Total Liabilities	$634,807
Net Assets	$848,523

Compensation

Key Employees and Officers	Compensation	Related	Other
Raymond Lamboy (President & Ceo)	$85,000	$0	$21,878
Krista Bey (Member)	$0	$0	$0
Joshua Miller Myers (Secretary)	$0	$0	$0
Diana Perez (Member)	$0	$0	$0
Jose Mercado (Member)	$0	$0	$0
Marc Snyderman (Treasurer)	$0	$0	$0
Justin Deng (Member)	$0	$0	$0
Josue Castro (Member)	$0	$0	$0
Aran Ploshansky (Member)	$0	$0	$0
Mariluz Gonzalez (Board Chair)	$0	$0	$0

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990

Filed on Feb. 1, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2020

Revenue

$420,112

Expenses

$447,850

Net Income

-$27,738

Net Assets

$806,902

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$467,535	> 100%
Program Services	$392	0.1%
Investment Income	$1,367	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$61,182
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$12,000	2.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$106,984	23.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$221,250	49.4%

Assets/Debt
Total Assets	$1,537,719
Total Liabilities	$730,817
Net Assets	$806,902

Compensation

Key Employees and Officers	Compensation	Related	Other
Raymond Lamboy (President & Ceo)	$85,000	$0	$21,984
Krista Bey (Trustee)	$0	$0	$0
Joshua Miller Myers (Secretary)	$0	$0	$0
Diana Perez (Member)	$0	$0	$0
Marc Snyderman (Treasurer)	$0	$0	$0
Mariluz Gonzalez (Board Chair)	$0	$0	$0

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990

Filed on Feb. 11, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2019

Revenue

$374,632

Expenses

$503,159

Net Income

-$128,527

Net Assets

$799,048

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$414,615	> 100%
Program Services	$1,702	0.5%
Investment Income	$768	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$54,453
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$12,000	3.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$110,661	22.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$209,999	41.7%

Assets/Debt
Total Assets	$1,431,758
Total Liabilities	$632,710
Net Assets	$799,048

Compensation

Key Employees and Officers	Compensation	Related	Other
Raymond Lamboy (President & Ceo)	$85,000	$0	$25,661
Krista Bey (Trustee)	$0	$0	$0
Nicola Suglia (Treasurer/Sec.)	$0	$0	$0
Mariluz Gonzalez (Board Chair)	$0	$0	$0

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990

Filed on Feb. 19, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2018

Revenue

$549,348

Expenses

$559,442

Net Income

-$10,094

Net Assets

$920,597

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$539,348	98.2%
Program Services	$0
Investment Income	$160	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$2,860
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$12,700	2.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$115,099	20.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$280,648	50.2%

Assets/Debt
Total Assets	$1,538,223
Total Liabilities	$617,626
Net Assets	$920,597

Compensation

Key Employees and Officers	Compensation	Related	Other
Raymond Lamboy (President & Ceo)	$82,746	$0	$32,353
Krista Bey (Trustee)	$0	$0	$0
Nicola Suglia (Treasurer/Sec.)	$0	$0	$0
Mariluz Gonzalez (Board Chair)	$0	$0	$0

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990

Filed on Feb. 27, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2017

Revenue

$654,941

Expenses

$478,099

Net Income

$176,842

Net Assets

$918,304

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$516,939	78.9%
Program Services	$0
Investment Income	$129	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$25,593
Net Fundraising	$0
Sales of Assets	$151,191	23.1%
Net Inventory Sales	$0
Other Revenue	$12,275	1.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$102,643	21.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$209,265	43.8%

Assets/Debt
Total Assets	$1,542,958
Total Liabilities	$624,654
Net Assets	$918,304

Compensation

Key Employees and Officers	Compensation	Related	Other
Raymond Lamboy (President & Ceo)	$75,000	$0	$27,643
Luis Quinones (Treasurer)	$0	$0	$0
Nicola Suglia (Board Member)	$0	$0	$0
Ramona Sanchez (Board Member)	$0	$0	$0
Mariluz Gonzalez (Board Chair)	$0	$0	$0

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990

Filed on Dec. 20, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2016

Revenue

$308,737

Expenses

$372,434

Net Income

-$63,697

Net Assets

$722,155

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$339,561	> 100%
Program Services	$0
Investment Income	$1,091	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$45,396
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$13,481	4.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$101,262	27.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$155,074	41.6%

Assets/Debt
Total Assets	$1,411,830
Total Liabilities	$689,675
Net Assets	$722,155

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

PDF (2 of 2)

Fiscal Year Ending June
2015

Revenue

$204,903

Expenses

$317,288

Net Income

-$112,385

Net Assets

$791,702

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$233,920	> 100%
Program Services	$0
Investment Income	$708	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$45,390
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$15,665	7.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$91,022	28.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$116,780	36.8%

Assets/Debt
Total Assets	$1,472,358
Total Liabilities	$680,656
Net Assets	$791,702

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2014

Revenue

$207,939

Expenses

$327,163

Net Income

-$119,224

Net Assets

$903,191

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$276,369	> 100%
Program Services	$0
Investment Income	$2,204	1.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$84,734
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$14,100	6.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$91,369	27.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$121,701	37.2%

Assets/Debt
Total Assets	$1,499,686
Total Liabilities	$596,495
Net Assets	$903,191

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2013

Revenue

$298,987

Expenses

$334,304

Net Income

-$35,317

Net Assets

$973,543

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$341,106	> 100%
Program Services	$0
Investment Income	$47	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$49,298
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$7,132	2.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$195,354	58.4%

Assets/Debt
Total Assets	$1,585,807
Total Liabilities	$612,264
Net Assets	$973,543

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending June
2012

Revenue

$240,397

Expenses

$301,550

Net Income

-$61,153

Net Assets

$983,141

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$252,803	> 100%
Program Services	$0
Investment Income	$51	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	-$16,457
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$4,000	1.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$75,000	24.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$108,088	35.8%

Assets/Debt
Total Assets	$1,633,946
Total Liabilities	$650,805
Net Assets	$983,141

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

990-T

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Types of Nonprofits

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Updated March 27, 2025

Latin American Economic Development Association Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $499k (2023)

Expenses $524k (2023)

Total Assets $1.49M (2023)

Total Liabilities $631k (2023)

Tax Filings by Year

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending June 2022

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Fiscal Year Ending June 2021

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Fiscal Year Ending June 2020

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Fiscal Year Ending June 2019

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Fiscal Year Ending June 2018

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990-T

Fiscal Year Ending June 2017

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990-T

Fiscal Year Ending June 2016

Extracted Financial Data

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990-T

Fiscal Year Ending June 2015

Extracted Financial Data

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990-T

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990

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990-T

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Revenue

$499k (2023)

Expenses

$524k (2023)

Total Assets

$1.49M (2023)

Total Liabilities

$631k (2023)

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002

Fiscal Year Ending June
2001