National Association Of Latino Arts & Culture
- Assets
- $13.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 02/1995
- Data as of
- 09/2023
- EIN
- 74-2581293
Organization Overview
National Association Of Latino Arts & Culture, operating under the name Nalac, is located in San Antonio, TX. The organization was established in 1995. According to its NTEE Classification (A01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nalac is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Nalac generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $3.8m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Nalac has awarded 227 individual grants totaling $2,701,988. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO THE PROMOTION, ADVANCEMENT, DEVELOPMENT, AND CULTIVATION OF THE LATINO ARTS FIELD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO INDIVIDUALS, ORGANIZATIONS, MISC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria DE Leon President And CEO | OfficerTrustee | 40 | $149,999 |
Charles Rice Gonzalez Chairman | OfficerTrustee | 1 | $0 |
Evonne Gallardo Vice Chairman | OfficerTrustee | 1 | $0 |
Lucas Rivera Secretary | OfficerTrustee | 1 | $0 |
Ernest Bromley Treasurer | OfficerTrustee | 1 | $0 |
Abel Lopez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $75,486 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $206,718 |
| All other contributions, gifts, grants, and similar amounts not included above | $898,528 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,180,732 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,376,428 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,000 |
| Grants and other assistance to domestic individuals. | $1,100,605 |
| 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 | $1,081,776 |
| Advertising and promotion | $0 |
| Office expenses | $20,179 |
| Information technology | $35,191 |
| Royalties | $0 |
| Occupancy | $12,153 |
| Travel | $25,886 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $145,659 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,283 |
| Insurance | $6,057 |
| All other expenses | $6,201 |
| Total functional expenses | $3,780,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,565,265 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,028,218 |
| Accounts receivable, net | $13,045 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,536 |
| Net Land, buildings, and equipment | $357,265 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,220,164 |
| Total assets | $13,186,493 |
| Accounts payable and accrued expenses | $786,976 |
| 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 | $47,628 |
| Total liabilities | $834,604 |
| Net assets without donor restrictions | $7,947,558 |
| Net assets with donor restrictions | $4,404,331 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,186,493 |
Grants Awarded
Over the last fiscal year, National Association Of Latino Arts & Culture has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AGUIJON THEATER COMPANY OF CHICAGO PURPOSE: NFA | $10,000 |
STUDIO THEATER PERFORMANCE & RESEARCH INC PURPOSE: NFA - A22 ORG | $10,000 |
LITERARY PRODUCTIONS NFP PURPOSE: NFA - A22 ORG | $10,000 |