Latino Cultural Arts Center
- Assets
- $886.4k
- Revenue
- $537.8k
- Investments
- $561.0k
- Employees
- 0
- Location
- Denver, CO
- Founding
- 01/2017
- Data as of
- 06/2022
- EIN
- 81-1705392
Organization Overview
Latino Cultural Arts Center is located in Denver, CO. The organization was established in 2017. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Latino Cultural Arts Center 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 06/2022, Latino Cultural Arts Center generated $537.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $462.7k during the year ending 06/2022. While expenses have increased by 17.6% per year over the past 5 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE LATINO CULTURAL ARTS CENTER (LCAC) IS TO STRENGTHEN THE KNOWLEDGE OF THE EXTENSIVE ARTISTIC EXPRESSIONS OF LATINOS LIVING IN THE U.S. AND GLOBALLY THROUGH EDUCATION, DISCUSSION, EXHIBITION, AND PRESERVATION OF THEIR HISTORICAL AND ONGOING CONTRIBUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPMENT OF THE CULTURAL CAMPUS:THE LCAC WILL BE AN INTEGRATED CULTURAL CAMPUS IN THE SUN VALLEY NEIGHBORHOOD WEST OF DOWNTOWN DENVER AT THE INTERSECTION OF FEDERAL BOULEVARD AND COLFAX AVENUE NEAR I-25. AS ONE OF DENVER'S OLDEST AND MOST DIVERSE NEIGHBORHOODS, WITH DEEP ROOTS IN LATINO AND IMMIGRANT COMMUNITIES, SUN VALLEY IS CURRENTLY UNDERGOING SIGNIFICANT REVITALIZATION. THE LCAC WILL BE AN ACTIVE PART OF ITS TRANSFORMATION.THE CAMPUS WILL BRING ENHANCED CULTURAL AND ECONOMIC VITALITY TO DENVER AND THE ROCKY MOUNTAIN REGION. (CONTINUED ON SCHEDULE O)THE LCAC WILL BE COMPRISED OF INTERRELATED PROGRAMS AND EXHIBITS. CENTRAL AMONG THEM WILL BE TWO MUSEUMS, ONE DEDICATED TO MEXICAN HERITAGE AND THE OTHER TO LATIN AMERICA; A LIBRARY OF LATINO ARTS, CULTURE, AND HISTORY; AND AN EDUCATIONAL AND HANDS-ON LEARNING ACADEMY FOCUSED ON LATINO ARTS AND CULTURE.
HIJOS DEL SOL:THE LCAC OPERATES HIJOS DEL SOL, A GALLERY AND RETAIL SHOP THAT ENCOURAGES AND SUPPORTS LOCAL AND INTERNATIONAL LATINO FOLK ART AND FINE ART, INCLUDING HAND-SELECTED QUALITY TEXTILES, ONE-OF-A-KIND JEWELRY, HAND-PAINTED HOME DECOR AND MORE. THE SHOP INCLUDES ARTISAN WORK FROM THROUGHOUT MEXICO, CENTRAL AND SOUTH AMERICA, AS WELL AS COLORADO-BASED AND U.S. ARTISTS WITH A CONNECTION TO LATIN AMERICA.
OFRENDAS: LCAC'S OFRENDAS COMBINES DIA DE LOS MUERTOS TRADITIONS WITH MENTAL WELLNESS BY TEACHING PEOPLE HOW TO HAVE CONVERSATIONS ABOUT GRIEF AND LOSS, WHILE HONORING THOSE THAT HAVE COME BEFORE US.
LAS BODEGAS ARE HOME TO THE LCAC'S PROGRAMS. THEY ARE BUILT UPON MEANINGFUL PARTNERSHIPS AT THE INTERSECTION OF VISUAL AND MULTIMEDIA ARTS, MENTAL HEALTH, AND HEALTHY ENVIRONMENT. THE BUILDINGS WILL CONSIST OF A MULTIMEDIA LAB, TWO ARTISTS STUDIOS, FOUR FLEXIBLE CLASSROOMS, AND A CAF. THEY ARE A CATALYST THAT EMPOWERS THE NEXT GENERATION OF INSPIRING STORY TELLERS, WHILE CONTRIBUTING TO GROWING AND IMPORTANT SECTORS IN COLORADO'S ECONOMY BY MAKING THEM MORE ACCESSIBLE AND DYNAMIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrianna Abarca Founder & Chair | OfficerTrustee | 20 | $0 |
Marco Antonio Abarca Secretary/treasurer | OfficerTrustee | 1 | $0 |
Deborah Quintana Board Member Thru 12.13.21 | Trustee | 1 | $0 |
Ryan Patterson Board Member | Trustee | 1 | $0 |
Flor Alvidrez Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,975 |
| All other contributions, gifts, grants, and similar amounts not included above | $430,263 |
| Noncash contributions included in lines 1a–1f | $200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $467,238 |
| Total Program Service Revenue | $0 |
| Investment income | $18,622 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $56,530 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$5,251 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $537,839 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $21,093 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,988 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,315 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,364 |
| Fees for services: Other | $98,038 |
| Advertising and promotion | $2,129 |
| Office expenses | $7,105 |
| Information technology | $31,301 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,250 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,474 |
| Interest | $55 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,773 |
| Insurance | $3,061 |
| All other expenses | $1,529 |
| Total functional expenses | $462,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $303,589 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $21,802 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $561,027 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $886,418 |
| Accounts payable and accrued expenses | $14,453 |
| 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 | $14,453 |
| Net assets without donor restrictions | $475,832 |
| Net assets with donor restrictions | $396,133 |
| 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 | $886,418 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Latino Cultural Arts Center has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Gates Family Foundation Denver, CO PURPOSE: CONSTRUCTION | $40,000 |
Endowment Analysis
| Beg. Balance | $735,215 |
| Earnings | -$131,149 |
| Admin Expense | $7,364 |
| Other Expense | $35,675 |
| Ending Balance | $561,027 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Academy Of Mathematics & Science South Inc Tucson, AZ | $124,208,680 | $62,725,140 |
Anderson Ranch Arts Foundation Snowmass Village, CO | $19,349,000 | $7,444,141 |
Fab Lab Tulsa Inc Tulsa, OK | $905,994 | $2,260,190 |
Foundation For Lincoln Public Schools Lincoln, NE | $17,002,214 | $4,527,343 |
Art Students League Of Denver Denver, CO | $2,150,049 | $2,289,374 |
Tara Institute Of The Performing Arts Incorporated Boulder, CO | $2,762,734 | $2,020,459 |
Kimball Art Center Park City, UT | $7,426,546 | $2,347,977 |
Santa Fe School For The Arts Santa Fe, NM | $4,340,717 | $1,902,890 |
Oklahoma Arts Institute Oklahoma City, OK | $2,532,394 | $1,383,952 |
Ah Haa School For The Arts Telluride, CO | $12,435,871 | $2,343,816 |
Scottsdale Artists School Inc Scottsdale, AZ | $3,858,477 | $2,545,960 |
Act One Phoenix, AZ | $1,556,445 | $1,427,696 |