Chicago Latino Theater Alliance
- Assets
- $1.2m
- Revenue
- $571.9k
- Investments
- $0.0
- Employees
- 5
- Location
- Chicago, IL
- Founding
- 04/2017
- Data as of
- 06/2023
- EIN
- 81-4080246
Organization Overview
Chicago Latino Theater Alliance is located in Chicago, IL. The organization was established in 2017. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Chicago Latino Theater Alliance employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago Latino Theater Alliance 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 06/2023, Chicago Latino Theater Alliance generated $571.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $657.3k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CLATA'S MAIN PROGRAMS ARE ITS ANNUAL DESTINOS: CHICAGO INTERNATIONAL LATINO THEATER FESTIVAL, WHICH PRESENTS FULL LENGTH LATINO THEATER PRODUCTIONS, STUDENT MATINEES, PANELS AND POST SHOW TALKBACKS WITH ARTISTS; INICIOS: CHICAGO LATINE PLAYWRIGHT FESTIVAL; DESTINOS AL AIRE: A FREE ACCESSIBLE OUTDOOR PERFORMING ARTS FESTIVAL; AND LATINE AUDITION DAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLATA'S MAIN PROGRAMS ARE ITS ANNUAL DESTINOS: CHICAGO INTERNATIONAL LATINO THEATER FESTIVAL, WHICH PRESENTS FULL LENGTH LATINO THEATER PRODUCTIONS, STUDENT MATINEES, PANELS AND POST SHOW TALKBACKS WITH ARTISTS; INICIOS: CHICAGO LATINE PLAYWRIGHT FESTIVAL; DESTINOS AL AIRE: A FREE ACCESSIBLE OUTDOOR PERFORMING ARTS FESTIVAL; AND LATINE AUDITION DAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marty Castro Chairman | OfficerTrustee | 2 | $0 |
Rose Mary Bombela Vice Preside | OfficerTrustee | 2 | $0 |
Enrique Lopez Treasurer | OfficerTrustee | 2 | $0 |
Carlos Tortolero Sercetary | OfficerTrustee | 2 | $0 |
Antonio Guillen Director | Trustee | 2 | $0 |
Carlos Hernandez Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $123,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $427,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $550,850 |
| Total Program Service Revenue | $18,147 |
| Investment income | $2,865 |
| 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 | $571,862 |
| 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. | $58,951 |
| Compensation of current officers, directors, key employees. | $5,892 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $202,455 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,565 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,621 |
| Advertising and promotion | $26,405 |
| Office expenses | $31,696 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,426 |
| Travel | $48,051 |
| 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 | $260 |
| Insurance | $5,838 |
| All other expenses | $0 |
| Total functional expenses | $657,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,281 |
| Savings and temporary cash investments | $528,743 |
| Pledges and grants receivable | $525,000 |
| 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 | $1,039 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,100 |
| Total assets | $1,209,163 |
| Accounts payable and accrued expenses | $5,378 |
| 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 | $5,378 |
| Net assets without donor restrictions | $613,785 |
| Net assets with donor restrictions | $590,000 |
| 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 | $1,209,163 |