Latvian Community Center Inc
- Assets
- $1.1m
- Revenue
- $1.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 04/1964
- Data as of
- 12/2021
- EIN
- 35-6042635
Organization Overview
Latvian Community Center Inc is located in Indianapolis, IN. The organization was established in 1964. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latvian Community Center Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Latvian Community Center Inc generated $1.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (51.5%) each year. All expenses for the organization totaled $55.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FACILITIES FOR LATVIAN LANGUAGE SCHOOL CHOIR FOLK DANCING CONCERTS LECTURES EXHIBITS LIBRARY YOUTH AND SENIOR CITIZEN ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
FACILITIES PROVIDED FOR LATVIAN LANGUAGE SCHOOL, CHOIR, FOLK DANCING, CONCERTS, LECTURES, EXHIBITS, LIBRARY, YOUTH AND SENIOR CITIZENS ACTIVITIES. PART IX COLUMN C LINE 25 TOTAL $53685
FINANCIAL ASSISTANCE FOR LATVIAN SUMMER CAMP. PART IX COLUMN B LINE 2 $1425
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ojars Berzins Treasurer | Officer | 3 | $0 |
Andris Krumkalns President | Officer | 5 | $0 |
Ilze Berzins Secretary | Officer | 2 | $0 |
Ronald Lacis Finance Officer | Officer | 1 | $0 |
Dainis Ozers Vice President | Officer | 1 | $0 |
Martins Putelis Vice President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,400 |
| Total Program Service Revenue | $0 |
| Investment income | $70 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$23,355 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $546 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,661 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,425 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $248 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,541 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,666 |
| Insurance | $6,882 |
| All other expenses | $122 |
| Total functional expenses | $55,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $335,859 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,494 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $742,832 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,081,185 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $75,285 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,005,900 |
| Total liabilities and net assets/fund balances | $1,081,185 |
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