Colorado Afro Latin Dance And Arts Collective
- Assets
- $35.8k
- Revenue
- $247.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Aurora, CO
- Founding
- Data as of
- 12/2023
- EIN
- 88-1403487
Organization Overview
Colorado Afro Latin Dance And Arts Collective, operating under the name (formerly Denver Salsa Bachata Congress), is located in Aurora, CO. 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. (formerly Denver Salsa Bachata Congress) 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, (formerly Denver Salsa Bachata Congress) generated $247.7k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $399.0k during the year ending 12/2023. 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
DSBC IS DEDICATED TO THE PROMOTION, EDUCATION, AND PRESERVATION OF LATINX AND AFRO CARIBBEAN CULTURE THROUGH THE ARTS IN COLORADO. (CONTINUED ON SCHEDULE O.)
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH YEAR, DENVER SALSA BACHATA CONGRESS HOSTS A WORLD-RENOWNED, FOUR-DAY CULTURAL FESTIVAL FEATURING OVER 200 DANCE WORKSHOPS, INSTRUCTOR CERTIFICATION PROGRAMS, DANCE PERFORMANCES, AND LIVE LATINX AND AFRO CARIBBEAN MUSIC IN AURORA, COLORADO. DSBC CREATES EQUITABLE SPACES THAT EMBRACE ALL PEOPLE OF DIFFERENT ORIENTATIONS AND DIFFERENT BACKGROUNDS TO ENGAGE IN ACCESSIBLE AND EDUCATIONAL LATINX AND AFRO CARIBBEAN CULTURE THROUGH THE ARTS. DSBC PREDOMINANTLY SERVES THE CITIES OF AURORA AND DENVER, INCLUDING THE SURROUNDING COUNTIES OF ADAMS, ARAPAHOE, DENVER, DOUGLAS AND JEFFERSON. ATTENDEES, PERFORMERS AND ARTISTS INCLUDE, BUT NOT LIMITED TO, A BROAD POPULATION OF THE AFRICAN, LATINX AND ASIANS DISPORA OF ALL AGES AND INCOME LEVELS. THROUGH DANCE PERFORMANCES, OUTREACH ACTIVITIES, AND SOCIAL MEDIA CONNECTIONS, DSBC WAS ABLE TO COLLECTIVELY HOST APPROXIMATELY 1,920 PEOPLE AT THE DSBC EVENT IN 2022. CURRENTLY, DSBC HAS APPROXIMATELY 5,200 FOLLOWERS ON FACEBOOK, 3,000 FOLLOWERS ON INSTAGRAM, 200 SUBSCRIBERS ON YOU TUBE, AND AN AVERAGE OF 1,750 WEBSITE VISITS EACH MONTH.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nelson Nisttahuz Vasquez President | OfficerTrustee | 12 | $0 |
Tom Ogunribido Vice President | OfficerTrustee | 10 | $0 |
Yvonne Miranda Secretary | OfficerTrustee | 5 | $7,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,866 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,866 |
| Total Program Service Revenue | $239,792 |
| 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 | $247,658 |
| 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. | $97,500 |
| Compensation of current officers, directors, key employees. | $19,500 |
| 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 | $7,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,716 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,235 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $122,807 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,047 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $25,662 |
| Total functional expenses | $398,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,804 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $35,804 |
| Accounts payable and accrued expenses | $123,667 |
| 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 | $39,160 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $162,827 |
| Net assets without donor restrictions | $0 |
| 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 | -$127,023 |
| Total liabilities and net assets/fund balances | $35,804 |