Nonprofit · EIN 83-2642055
NORTH SHORE LATINO BUSINESS CENTER INC
Tax-exempt (reinstated) · LYNN, MA 01901
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $215,700 | $208,234 | $7,466 | $21,257 | $20,001 | $1,256 |
| December 31, 2023 | 990-EZ | $137,517 | $171,449 | -$33,932 | $13,790 | $20,000 | -$6,210 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $215,700
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $11,000
- Compensation of officers, directors and key employees
- $111,122
- Other salaries and wages
- $60,573
- Salaries, compensation and benefits (total)
- $187,124
- Professional fundraising fees
- $0
- Accounting fees
- $2,500
- Occupancy
- $2,888
- Program services (functional)
- $198,616
- Management and general (functional)
- $9,618
Balance sheet and other
- Total assets, start of year
- $13,790
- Total assets, end of year
- $21,257
- Total liabilities, end of year
- $20,001
- Net assets, end of year
- $1,256
- Net assets without donor restrictions
- $1,256
- Gross receipts
- $215,700
- Employees
- 0
- Year formed
- 2018
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANCES C MARTINEZ | CLERK Trustee or director, Officer | 2 | $111,122 |
| IRCANIA VALERA | Director Trustee or director | 2 | $0 |
| ROSA FELIZ | President Trustee or director, Officer | 2 | $0 |
| ELIUD ALCALA | Vice President Trustee or director, Officer | 2 | $0 |
| VICTOR FERREIRA | Treasurer Trustee or director, Officer | 2 | $0 |
990-EZ for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANCES C MARTINEZ | President & CEO | 2 | $123,077 |
| IRCANIA VALERA | Secretary | 2 | $0 |
| ARIEL NOESI | Director | 2 | $0 |
| ROSA FELIZ | Vice President | 2 | $0 |
| ELIUD ALCALA | Director | 2 | $0 |
| VICTOR FERREIRA | Treasurer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 33 SUTTON ST, LYNN, MA 01901-1016
- Principal officer (990 for 2024)
- FRANCES C MARTINEZ, 33 SUTTON ST, LYNN, MA 01901
- Signed the 990
- FRANCES C MARTINEZ, President & CEO
- Phone
- (781) 596-8300
- Return prepared by
- Roger L Volk & Company
Mission
We are the premier small business association in Bostons North Shore helping Latino and business owners and entrepreneurs grow.
Program accomplishments
- We are a relationship-driven business networking organization and our goal is the mutual support.Expenses $198,616 · grants $11,000 · revenue $215,700
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 83-2642055
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C03)
- Assets (IRS master file)
- $21,257
- Income (IRS master file)
- $215,700
Revocation and reinstatement
- Exemption revoked
- May 15, 2021
- Posted by the IRS
- August 9, 2021
- Reinstated
- Effective May 15, 2021
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $215,700 | $208,234 | $21,257 | XML |
| 990-EZ | December 2023 | $137,517 | $171,449 | $13,790 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 83-2642055).
Questions about NORTH SHORE LATINO BUSINESS CENTER INC
- What is the EIN of NORTH SHORE LATINO BUSINESS CENTER INC?
- The employer identification number (EIN) of NORTH SHORE LATINO BUSINESS CENTER INC is 83-2642055.
- Is NORTH SHORE LATINO BUSINESS CENTER INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2021 and reinstated it effective May 15, 2021.
- Are donations to NORTH SHORE LATINO BUSINESS CENTER INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORTH SHORE LATINO BUSINESS CENTER INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NORTH SHORE LATINO BUSINESS CENTER INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTH SHORE LATINO BUSINESS CENTER INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NORTH SHORE LATINO BUSINESS CENTER INC?
- The 990 for the year ended December 31, 2024 names FRANCES C MARTINEZ.
- Who are the officers and directors of NORTH SHORE LATINO BUSINESS CENTER INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $111,122 (FRANCES C MARTINEZ, CLERK).
- How much revenue does NORTH SHORE LATINO BUSINESS CENTER INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $215,700, expenses of $208,234 and total assets of $21,257 at year end.
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