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Filing year 2023

LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION INC

Camden, New Jersey·EIN 22-2846440·NTEE S43Z · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$495k
Total assets
$1.4M
Total expenses
$566k
Reported officers
6
Mission

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

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in New Jersey.

President & CEO
Median to 75th percentile
$117k
$131k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 5 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION INC equaled 21% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2023)
21%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 4%
from 2022

From $113k in 2022 to $117k in 2023.

$113k
2022
$117k
2023
In today's dollarsEst.
Roughly flat in real terms$131k to $131k

Estimated with Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 4% from 2022 to 2023, while revenue fell 1%.

$113k in 2022 to $117k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION INC

What does the Chief Executive Officer of LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION INC earn?

In 2023, the Chief Executive Officer of LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION INC received $117,378 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in New Jersey, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION INC compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in New Jersey, the 2023 pay of the Chief Executive Officer at LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION INC falls between the median and the 75th percentile. In 2023, the highest total compensation at LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION INC equaled 21% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION INC's revenue and expenses?

In 2023, LATIN AMERICAN ECONOMIC DEVELOPMENT ASSOCIATION INC reported $495k in total revenue and $566k in total expenses on its IRS Form 990.

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