Hispanic Cultural Center Of Midland
- Assets
- $376.1k
- Revenue
- $165.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Midland, TX
- Founding
- 12/1997
- Data as of
- 05/2022
- EIN
- 75-2721254
Organization Overview
Hispanic Cultural Center Of Midland is located in Midland, TX. The organization was established in 1997. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2022, Hispanic Cultural Center Of Midland employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hispanic Cultural Center Of Midland 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 05/2022, Hispanic Cultural Center Of Midland generated $165.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $324.3k during the year ending 05/2022. While expenses have increased by 11.4% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRESERVE THE HISPANIC CULTURE FOR THE YOUTH THROUGH EDUCATION IN THE ARTS. SEE SCHEDULE O FOR SIGNIFICANT ACTIVITIES.
Describe the Organization's Program Activity:
PRESERVATION OF HISPANIC CULTURAL TRADITIONS THROUGH NATIVE DANCE, MUSIC, ART AND SPEECH. PROGRAMS AND EVENTS TO ACHIEVE THIS INCLUDE THE MARIACHI WORKSHOP AND MARIACHI PROGRAMS.
PRESERVATION OF HISPANIC CULTURAL TRADITIONS THROUGH NATIVE DANCE, MUSIC, ART AND SPEECH. PROGRAMS AND EVENTS TO ACHIEVE THIS INCLUDE THE BALLET FOLKLORICO AND FLAMENDO PROGRAMS.
PRESERVATION OF HISPANIC CULTURAL TRADITIONS THROUGH NATIVE DANCE, MUSIC, ART AND SPEECH. SPECIAL EVENTS OR OTHER PROGRAMS TO ACHIEVE THIS INCLUDE TUTORING PROGRAMS, GOLF CLASSIC, RECITALS, CINCO DE MAYO EVENTS, A DIA DE LOS MUENTOS EVENT, AND ALL OTHER PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlene Romero Mcbride Executive Director | OfficerTrustee | 55 | $40,000 |
Lizette Redriguez Executive Director | OfficerTrustee | 40 | $22,917 |
Norma Revilla President | OfficerTrustee | 3 | $0 |
Letticia Martinez Secretary | OfficerTrustee | 3 | $0 |
Juan Marco Luna-Juarez Treasurer | OfficerTrustee | 3 | $0 |
Christopher G Morales Vice President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $15,590 |
| Fundraising events | $34,447 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $131,540 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $181,577 |
| Total Program Service Revenue | $10,360 |
| Investment income | $340 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,172 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$8,720 |
| Net Income from Gaming Activities | -$21,954 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $165,775 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $62,917 |
| Compensation of current officers, directors, key employees. | $15,729 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $62,652 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,649 |
| Fees for services: Management | $14,425 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,497 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,547 |
| Office expenses | $27,434 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,819 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,419 |
| Insurance | $7,342 |
| All other expenses | $39,745 |
| Total functional expenses | $324,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,974 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,539 |
| 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 | $834 |
| Net Land, buildings, and equipment | $194,755 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $376,102 |
| Accounts payable and accrued expenses | $7,683 |
| 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 | $419 |
| Total liabilities | $8,102 |
| Net assets without donor restrictions | $368,000 |
| Net assets with donor restrictions | $0 |
| 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 | $376,102 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Hispanic Cultural Center Of Midland has recieved totaling $62,500.
| Awarding Organization | Amount |
|---|---|
Fmh Foundation Midland, TX PURPOSE: OPERATING EXPENSE | $25,000 |
Abell-Hanger Foundation Midland, TX PURPOSE: FOR THE MARIACHI & BALLET WORKSHOP | $15,000 |
Scharbauer Foundation Inc Midland, TX PURPOSE: ANNUAL MARIACHI/BALLET WORKSHOP | $12,500 |
Abell-Hanger Foundation Midland, TX PURPOSE: FOR THE MARIACHI CHRISTMAS EVENT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oktoberfest Inc Tulsa, OK | $2,688,468 | $7,024,472 |
Asia Society Texas Center Houton, TX | $65,582,414 | $8,284,485 |
Mexican American Catholic College San Antonio, TX | $4,811,133 | $2,305,769 |
Hua Xia Chinese School Inc Houston, TX | $8,045,926 | $2,930,667 |
Flower Hill Institute Jemez Pueblo, NM | $823,224 | $2,237,551 |
Project Row Houses Houston, TX | $10,675,760 | $9,147,034 |
Southwestern Association For Indian Arts Inc Santa Fe, NM | $785,210 | $1,802,877 |
American Indians In Texas-At The Spanish Colonial Missions San Antonio, TX | $773,788 | $1,628,585 |
Organizers Institute South And West Iaf Austin, TX | $7,219,565 | $7,584,379 |
Deutsches Haus Inc New Orleans, LA | $8,197,110 | $1,605,312 |
Whitney Institute Wallace, LA | $986,307 | $1,905,453 |
Tribal Education Departments National Assembly Co Oklahoma City, OK | $43,006 | $1,157,227 |