Mexican Cultural Institute Of Laredo Inc
- Assets
- $25.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Laredo, TX
- Founding
- 09/2000
- Data as of
- 12/2023
- EIN
- 74-2962492
Organization Overview
Mexican Cultural Institute Of Laredo Inc is located in Laredo, TX. The organization was established in 2000. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Mexican Cultural Institute Of Laredo Inc 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 12/2023, Mexican Cultural Institute Of Laredo Inc generated $43.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $42.7k during the year ending 12/2023. While expenses have increased by 3.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
A. TO STIMULATE AND PROMOTE ACTIVITIES OF A CULTURAL AND EDUCATIONAL NATURE AIMED AT A BETTER RECIPROCAL KNOWLEDGE OF THE ARTS,LITERATURE, AND SCIENCE OF THE UNITED STATES OF AMERICA AND/OR THE MEXICAN REPUBLIC AND THEIR RESPECTIVE INSTITUTIONS.B. TO CARRY OUT, PROMOTE AND FOSTER, BY ALL LEGAL MEANS WITHIN ITS POWER,SCIENTIFIC,ARTISTIC,EDUCATIONAL,TECHNOLOGICAL,PUBLIC SERVICE, AND SPORTS COMPETITION ACTIVITIES, AS WELL AS CULTURAL PURSUITS IN GENERAL; AND TO ACCOMPLISH SUCH GOALS EITHER DIRECTLY OR THROUGH THE ASSISTANCE AND COLLABORATION OF THIRD PARTIES. C. TO ACQUIRE, IN ACCORDANCE WITH THE LAWS OF THE UNITED STATES OF AMERICA, WHATEVER PROPERTY AND RIGHTS THE CORPORATION DEMMS NECESSART TO ESTABLISH ITS EXSISTENCE AND PERFORM AND ACHIEVE ITS PURPOSE;D. TO ENGAGE IN WHATEVER ACTIONS, AGREEMENTS AND CONTRACTS IT DEEMS NECESSARY TO ACHEIVE ITS PURPOSES INCLUDING ACTS OF OWNERSHIP, ADMINISTRATION AND DEFENSE OF ITS PROPERTY AND RIGTS, ANDE. TO SUPPORT INITIATIVES RELATING TO THE OBJECTIVES ABOVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miguel Conchas President | 2 | $0 | |
Enrique Lobo Director | 2 | $0 | |
Maria Eugenia Larios Treasurer | 2 | $0 | |
Sergio Preciado Vice President | 2 | $0 | |
Gilberto Soto Director | 2 | $0 | |
Edel Lombera Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,773 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $43,773 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $543 |
| Other expenses | $27,103 |
| Total expenses | $42,676 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,388 |
| Other assets | $0 |
| Total assets | $25,388 |
| Total liabilities | $0 |
| Net assets or fund balances | $25,388 |