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Laco Elec Inc

Organization summary

Type of Nonprofit

Designated as a Corporations created to hold titles for property owned by another nonprofit.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$79.1k (2023)

Expenses
$3M (2023)

Total Assets
$3.79M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2011 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 Sept.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$79,098
Expenses
$3,000,155
Net Income
-$2,921,057
Net Assets
$3,792,390
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $156,740
> 100%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$77,642
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,792,390
Total Liabilities $0
Net Assets $3,792,390
Compensation
Key Employees and Officers Compensation Related Other
Joel Barton (Business Manager/Fin Sec) $0 $278,396 $69,095
Gaylord Roten (President) $0 $224,287 $69,095
Eric Brown (Vice President) $0 $183,202 $69,095
Christine Austria Lozoya (Trustee) $0 $182,686 $69,095
Benjamin Frank (Trustee) $0 $152,426 $62,592
Crystal Herrera (Trustee) $0 $19,829 $9,478
John Harriel (Trustee) $0 $16,731 $4,942
Armando Gutierrez (Trustee) $0 $13,022 $6,740
Diego Gomez (Trustee) $0 $12,673 $5,707
Gustavo Alfaro (Trustee) $0 $9,217 $4,145
Shawn Mcdonald (Trustee) $0 $6,653 $2,527
Michael Hawkins (Trustee) $0 $3,967 $1,399
Jaime Sanchez (Treasurer) $0 $2,642 $1,371

Document Links

Fiscal Year Ending Sept.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$202,316
Expenses
$3,353,949
Net Income
-$3,151,633
Net Assets
$6,581,606
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $129,785
64.1%
Investment Income $136,793
67.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$64,262
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,676,848
Total Liabilities $95,242
Net Assets $6,581,606
Compensation
Key Employees and Officers Compensation Related Other
Joel Barton (Business Manager/Fin Sec) $0 $260,676 $73,047
Gaylord Roten (President) $0 $209,029 $73,047
Eric Brown (Vice President) $0 $171,541 $73,047
Christine Austria Lozoya (Trustee) $0 $170,857 $73,047
Jaime Sanchez (Treasurer) $0 $48,774 $21,176
Thomas Sterrett (Trustee Past) $0 $35,451 $14,788
Benjamin Frank (Trustee) $0 $40,389 $1,288
Crystal Herrera (Trustee) $0 $5,965 $2,887
Shawn Mcdonald (Trustee) $0 $5,632 $2,606
John Harriel (Trustee) $0 $5,303 $2,557
Gustavo Alfaro (Trustee) $0 $3,691 $1,915
Diego Gomez (Trustee) $0 $3,691 $1,644
Armando Gutierrez (Trustee) $0 $1,050 $473

Document Links

Fiscal Year Ending Sept.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$313,287
Expenses
$710,888
Net Income
-$397,601
Net Assets
$10,255,345
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $269,170
85.9%
Investment Income $32,722
10.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $11,395
3.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,349,930
Total Liabilities $94,585
Net Assets $10,255,345
Compensation
Key Employees and Officers Compensation Related Other
Joel Barton (Business Manager/Fin Sec) $0 $242,858 $71,321
Gaylord Roten (President) $0 $201,488 $71,321
Charles Webb Jr (Treasurer Past) $0 $166,494 $71,321
Eric Brown (Vice President) $0 $159,774 $71,321
Virgle Benson (Trustee Past) $0 $11,962 $5,823
John Parks Jr (Trustee Past) $0 $11,785 $5,881
Art Diaz (Trustee Past) $0 $9,900 $4,502
Michael Hawkins (Trustee Past) $0 $9,393 $4,324
Herbert Campbell (Trustee Past) $0 $8,612 $3,805
Jerry Pavia (Trustee Past) $0 $8,059 $3,546
David Grabowski (Secretary Past) $0 $0 $0
Jaime Sanchez (Treasurer) $0 $0 $0
Christine Austria Lozoya (Trustee) $0 $0 $0
Gustavo Alfaro (Trustee) $0 $0 $0
Benjamin Frank (Trustee) $0 $0 $0
Diego Gomez (Trustee) $0 $0 $0
Armando Gutierrez (Trustee) $0 $0 $0
John Harriel (Trustee) $0 $0 $0
Crystal Herrera (Trustee) $0 $0 $0
Thomas Sterrett (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,576,308
Expenses
$821,235
Net Income
$8,755,073
Net Assets
$10,535,510
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $295,040
3.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $9,281,268
96.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,676,263
Total Liabilities $140,753
Net Assets $10,535,510
Compensation
Key Employees and Officers Compensation Related Other
Joel Barton (Bus. Mgr./Fin. Sec.) $0 $231,461 $72,004
Gaylord Roten (President) $0 $185,731 $71,733
Charles Webb Jr (Treasurer) $0 $154,922 $71,461
Eric Brown (Vice President) $0 $161,313 $36,789
Virgle Benson (Trustee) $0 $16,990 $9,666
Michael Hawkins (Trustee) $0 $11,838 $6,704
John Parks Jr (Trustee) $0 $10,559 $5,559
Art Diaz (Trustee) $0 $7,444 $3,953
Jerry Pavia (Trustee) $0 $6,856 $3,609
Herbert Campbell (Trustee) $0 $4,201 $1,593
Jane Templin (Vice President Past) $0 $0 $0
David Grabowski (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$337,157
Expenses
$1,414,198
Net Income
-$1,077,041
Net Assets
$1,863,637
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $337,157
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,009,438
Total Liabilities $145,801
Net Assets $1,863,637
Compensation
Key Employees and Officers Compensation Related Other
Herbert Campbell (Trustee) $0 $5,230 $2,716
Art Diaz (Trustee) $0 $5,591 $2,514
Jane Templin (Vice President) $0 $0 $0
Joel Barton (Bus. Mgr./Fin. Sec.) $0 $103,383 $26,365
Gaylord Roten (President) $0 $78,243 $24,452
David Grabowski (Secretary) $0 $500 $0
Charles Webb Jr (Treasurer) $0 $64,622 $24,390
Virgle Benson (Trustee) $0 $2,822 $1,175
Benjamin Frank (Trustee Past) $0 $3,696 $1,186
Chris Guerra (Trustee Past) $0 $3,533 $1,100
Michael Hawkins (Trustee) $0 $3,266 $1,175
John Parks Jr (Trustee) $0 $3,266 $1,175
Jerry Pavia (Trustee) $0 $3,699 $1,186

Document Links

Fiscal Year Ending Sept.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$370,221
Expenses
$1,009,746
Net Income
-$639,525
Net Assets
$2,065,992
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $370,221
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,210,486
Total Liabilities $144,494
Net Assets $2,065,992
Compensation
Key Employees and Officers Compensation Related Other
Marvin Kropke (Bus. Mgr./Fin. Sec. Past) $0 $212,434 $69,322
Richard Reed (President Past) $0 $166,191 $69,322
Eric Brown (Secretary Past) $0 $150,143 $69,322
Herbert Campbell (Trustee Past) $0 $6,393 $4,162
Barry Meyer (Trustee Past) $0 $3,968 $2,426
Luis Arida Jr (Treasurer Past) $0 $138,892 $69,322
Chris Berry (Trustee Past) $0 $5,995 $3,383
Art Diaz (Trustee) $0 $7,824 $6,119
Jane Templin (Vice President) $0 $0 $0
John Harriel Jr (Trustee Past) $0 $10,808 $2,525
Joel Barton (Bus. Mgr./Fin. Sec.) $0 $0 $0
Gaylord Roten (President) $0 $0 $0
David Grabowski (Secretary) $0 $0 $0
Charles Webb Jr (Treasurer) $0 $0 $0
Virgle Benson (Trustee) $0 $0 $0
Benjamine Frank (Trustee) $0 $0 $0
Chris Guerra (Trustee) $0 $0 $0
Michael Hawkins (Trustee) $0 $0 $0
John Parks Jr (Trustee) $0 $0 $0
Jerry Pavia (Trustee) $0 $0 $0
Carl Tomczak (Treasurer Past) $0 $0 $0
Christine Austria Lozoya (Trustee Past) $0 $0 $0
Gus Marino (Trustee Past) $0 $0 $0
Jonathan Rivera (Trustee Past) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$483,415
Expenses
$1,029,056
Net Income
-$545,641
Net Assets
$2,271,931
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $483,415
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,421,809
Total Liabilities $149,878
Net Assets $2,271,931
Compensation
Key Employees and Officers Compensation Related Other
Marvin Kropke (Bus. Mgr./Fin. Sec.) $0 $205,445 $67,904
Richard Reed (President) $0 $161,330 $67,904
Eric Brown (Secretary) $0 $143,207 $67,904
Herbert Campbell (Trustee) $0 $6,261 $2,881
Kevin Johnson (Trustee) $0 $5,747 $3,129
Barry Meyer (Trustee) $0 $10,384 $4,566
Dennis Sanderson (Trustee) $0 $6,073 $3,050
Luis Arida Jr (Treasurer) $0 $134,994 $67,904
Chris Berry (Trustee) $0 $7,397 $2,942
Art Diaz (Trustee) $0 $7,060 $3,184
Jane Templin (Vice President) $0 $0 $0
John Harriel Jr (Trustee) $0 $6,430 $439

Document Links

Fiscal Year Ending Sept.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$479,421
Expenses
$996,188
Net Income
-$516,767
Net Assets
$2,502,998
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $479,421
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,634,714
Total Liabilities $131,716
Net Assets $2,502,998
Compensation
Key Employees and Officers Compensation Related Other
Marvin Kropke (Bus. Mgr./Fin. Sec.) $0 $199,377 $64,221
Richard Reed (President) $0 $156,537 $64,221
Eric Brown (Secretary) $0 $131,895 $64,221
Jeff Beard (Trustee) $0 $7,411 $3,748
Herbert Campbell (Trustee) $0 $6,603 $3,481
Kevin Johnson (Trustee) $0 $6,245 $3,376
Barry Meyer (Trustee) $0 $8,993 $5,855
Dennis Sanderson (Trustee) $0 $6,810 $3,862
Luis Arida Jr (Treasurer) $0 $131,108 $25,964
Chris Berry (Trustee) $0 $2,346 $918
Art Diaz (Trustee) $0 $1,683 $577
Jane Templin (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$476,325
Expenses
$860,751
Net Income
-$384,426
Net Assets
$2,708,460
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $476,325
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,842,971
Total Liabilities $134,511
Net Assets $2,708,460
Compensation
Key Employees and Officers Compensation Related Other
Marvin Kropke (Bus. Mgr./Fin. Sec.) $0 $192,829 $60,604
Richard Reed (President) $0 $151,922 $60,604
Eric Brown (Secretary) $0 $127,855 $60,604
Larry Caldwell (Trustee Past) $0 $600 $7,933
Jeff Beard (Trustee) $0 $8,587 $4,157
Herbert Campbell (Trustee) $0 $9,163 $4,458
Armando Gutierrez (Trustee Past) $0 $8,762 $4,322
Kevin Johnson (Trustee) $0 $8,193 $3,904
Barry Meyer (Trustee) $0 $10,597 $5,173
Dennis Sanderson (Trustee) $0 $10,244 $5,297
John Parks (Trustee Past) $0 $7,798 $3,788
Luis Arida (Trustee) $0 $0 $0
Chris Berry (Trustee) $0 $0 $0
Art Diaz (Trustee) $0 $0 $0
Jane Templin (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending Sept.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$479,913
Expenses
$759,631
Net Income
-$279,718
Net Assets
$2,566,999
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $479,913
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,704,079
Total Liabilities $137,080
Net Assets $2,566,999

Document Links

Fiscal Year Ending Sept.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$472,253
Expenses
$773,400
Net Income
-$301,147
Net Assets
$2,534,954
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $472,253
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,667,978
Total Liabilities $133,024
Net Assets $2,534,954

Document Links

Fiscal Year Ending Sept.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$433,619
Expenses
$689,012
Net Income
-$255,393
Net Assets
$2,619,665
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $433,619
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,753,542
Total Liabilities $133,877
Net Assets $2,619,665

Document Links

Fiscal Year Ending Sept.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$435,715
Expenses
$726,684
Net Income
-$290,969
Net Assets
$2,240,092
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $435,715
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,355,758
Total Liabilities $115,666
Net Assets $2,240,092

Document Links

Fiscal Year Ending Sept.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

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.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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