2025-11-14T10:53:49-05:00 2024-12-31 203934956 WHISMAN GIORDANO & ASSOCIATES LLC 111 CONTINENTAL DR STE 210 NEWARK DE 197134330 990 2024-01-01 874075812 FUNDACION CENTRO LATINO INC FUND 3026557338 403 N VAN BUREN STREET WILMINGTON DE 19805 JOHN MORTON CHAIRMAN AND CEO 3026557338 2025-11-13 true false ALTAF LALANI CPA P01338305 3022660202 2025-11-14 2024 2025-03-06 01:10:19Z JOHN MORTON 2300 MCDONOUGH ROAD WILMINGTON DE 19805 53825 false X X 2021 DE FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE LATIN AMERICAN COMMUNITY CENTER, INC., A DELAWARE NONPROFIT, NONSTOCK CORPORATION. 3 3 0 0 0 0 68033 53825 0 68033 53825 0 0 0 0 0 102 107 102 107 67931 53718 1404587 1555371 12410 12517 1392177 1542854 FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF THE LATIN AMERICAN COMMUNITY CENTER, INC., A DELAWARE NONPROFIT, NONSTOCK CORPORATION. false false THE ORGANIZATION HAS NO OPERATIONS DURING THE YEAR. THERE WERE NO DISTRIBUTIONS TO THE LATIN AMERICAN COMMUNITY CENTER. true false false false false false false false false false false true false false false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false 0 0 false 0 false false false false false false false false X 3 3 false false false false false false false true true false false true true true true true true true true false X X LATIN AMERICAN COMMUNITY CENTER INC 3026557338 403 N VAN BUREN ST WILMINGTON DE 19805 X JOHN MORTON CHAIRMAN AND 1.00 X X 0 0 0 JOSE LOPEZ BOARD MEMBER 1.00 X 0 0 0 FRED SEARS SECRETARY 1.00 X 0 0 0 EMILIO RANA TREASURER AN 1.00 X 0 0 0 false false false 53825 53825 53825 53825 LICENSES AND PERMITS 107 107 107 0 107 0 1404587 1555371 1404587 1555371 12410 12517 12410 12517 X 1392177 1542854 1392177 1542854 1404587 1555371 53718 96959 X false true X true false X X 1 LATIN AMERICAN COMMUNITY CENTER INC 237047048 10 true 0 0 1 0 true false false false false false false false false false false false false false false true false VANGUARD 1555371 1555371 X SCHEDULE D, PAGE 3, PART X THE ENTITY IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. IN ADDITION, THE ENTITY HAS BEEN CLASSIFIED AS ONE THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509 (A) OF THE INTERNAL REVENUE CODE AND QUALIFIES FOR DEDUCTIBLE CONTRIBUTIONS AS PROVIDED IN SECTION 170 (B)(1)(A)(VI). ALTHOUGH THE ENTITY IS NOT SUBJECT TO FEDERAL AND STATE INCOME TAXES, THE ENTITY IS REQUIRED TO ADHERE TO ASC 740, INCOME TAXES, WHICH APPLIES TO ALL ENTITIES INCLUDING THOSE THAT ARE TAX EXEMPT. ASC 740 CLARIFIES THE ACCOUNTING AND REPORTING FOR INCOME TAXES WHERE INTERPRETATION OF THE TAX LAW MAY BE UNCERTAIN. ASC 740 PRESCRIBES A COMPREHENSIVE MODEL FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, PRESENTATION AND DISCLOSURE OF INCOME TAX UNCERTAINTIES WITH RESPECT TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS. MANAGEMENT HAS REVIEWED ITS CURRENT AND PAST FEDERAL INCOME TAX POSITIONS AND HAS DETERMINED, BASED ON CLEAR AND UNAMBIGUOUS TAX LAW AND REGULATIONS, THAT THE TAX POSITIONS TAKEN ARE CERTAIN AND THAT THERE IS NO LIKELIHOOD THAT A MATERIAL TAX ASSESSMENT WOULD BE MADE IF THE RESPECTIVE GOVERNMENT AGENCY EXAMINED TAX RETURNS SUBJECT TO AUDIT. ACCORDINGLY, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED. CURRENTLY, THE DECEMBER 31, 2021, 2022, AND 2023 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. HOWEVER, THE ENTITY IS NOT CURRENTLY UNDER AUDIT NOR HAS THE ENTITY BEEN CONTACTED BY THIS JURISDICTION. ANY INTEREST AND PENALTIES RELATED TO INCOME TAXES WOULD BE RECORDED AS INCOME TAX EXPENSE. THERE ARE NO INTEREST AND PENALTIES AS OF DECEMBER 31, 2024 AND 2023. FORM 990, PAGE 6, PART VI, LINE 11B THE CHAIRMAN AND TREASURER REVIEW THE 990 ON BEHALF OF THE BOARD. A FINAL COPY IS DISTRIBUTED BEFORE THE FILING OF FORM 990. FORM 990, PAGE 6, PART VI, LINE 12C THE MEMBERS OF THE BOARD SIGN AN ACKNOWLEDGEMENT OF THE CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION OF THE CEO, TREASURER AND OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION ARE APPROVED BY THE BOARD OF DIRECTORS. THERE WERE NO COMPENSATION TO THE CEO, TREASURER AND OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION FOR THE YEAR ENDED DECEMBER 31, 2024. FORM 990, PAGE 6, PART VI, LINE 15B THE COMPENSATION OF THE CEO, TREASURER AND OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION ARE APPROVED BY THE BOARD OF DIRECTORS. THERE WERE NO COMPENSATION TO THE CEO, TREASURER AND OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION FOR THE YEAR ENDED DECEMBER 31, 2024. FORM 990, PAGE 6, PART VI, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC