Instituto Cervantes of Chicago Inc

EIN: 364092149 501(c)(3) Arts, Culture & Humanities

Chicago, IL

Total Revenue
$2,454,726
Total Expenses
$2,516,082
Total Assets
$3,978,815
Net Assets
$403,118
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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
IL
Principal Officer
Manuel Valenzuela Villarr
Phone
3123351996
Tax Period
2025-01-01 to 2025-12-31

Instituto Cervantes of Chicago Inc, founded in 1996, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.5M in total revenue in fiscal year 2025. Revenue decreased 14% compared to the prior year.

Mission

Founded by the Government of Spain to promote Spanish language teaching and knowledge of the cultures of Spanish speaking countries throughout the world with a mission to promote, study and use of Spanish as a second language. The Organization promotes performing arts, music, literature, and cinema from the spanish-speaking world through performances, lectures and symosiums, often in partnership with other cultural and educational organizations throughout Chicago.

Program Service Accomplishments

Program 1
Expenses: $1,887,402 Revenue: $907,998

The Organization offers specialized and general Spanish language courses as well as examinations for the official diplomas in Spanish as a foreign language (D.E.L.E.) and the Spanish Business...

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The Organization offers specialized and general Spanish language courses as well as examinations for the official diplomas in Spanish as a foreign language (D.E.L.E.) and the Spanish Business Certificate. Instituto Cervantes applies the latest methods for teaching Spanish and supports the work of researchers and Hispanics. The Organization provides the general public with an extensive library containing Spanish and Latin-American books, periodicals, film, and music as well as up to date technology. The Organization also offers cultural activities including art exhibits of local and world-renowned Spanish and Hispanic artists; coordinates the month-long Chicago Flamenco Festival; sponsors book presentations and symposiums by Spanish and Latin-American authors as well as U.S. Hispanic authors; collaborates with the various film festivals that take place in Chicago; coordinates concerts of music from Spain and Latin America; hosts on stage some of the most avant-garde works from Spain and Latin America; sponsors lectures, seminars, and conferences on various contemporary topics such as architecture, cinema, and poetry.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,546,712
Program Service Revenue $790,219
Investment Income $16
Other Revenue $117,779
TOTAL REVENUE $2,454,726

Expense Breakdown

Grants Paid $0
Salaries & Benefits $816,113
Fundraising Expenses $0
Program Expenses $1,887,402
Other Expenses $1,699,969
TOTAL EXPENSES $2,516,082

Year-over-Year Comparison

2025 2024 Change
Revenue $2,454,726 $2,865,951 -0.1%
Expenses $2,516,082 $2,471,276 +0.0%
Net Income $-61,356 $394,675 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
N/A
Employees
43
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$477,858
Total Directors
5
$477,858
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Luis Garcia Montero Chairman 37.50
Officer Director
$0 $0 $0
Carmen Noguera Galilea Vice Chairman 37.50
Officer Director
$0 $0 $0
Mara del Carmen Blnquez Lozano Secretary 37.50
Officer Director
$0 $0 $148,277
Manuel Valenzuela Villarrubia Treasurer 37.50
Officer Director
$0 $0 $162,749
Maria Luisa Santos Garcia President & Director (beg 37.50
Officer Director
$0 $0 $166,832
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,454,726 $2,516,082 $3,978,815 $-61,356
2024 $2,865,951 $2,471,276 $4,419,074 $394,675
2023 $2,283,312 $2,518,073 $4,823,012 $-234,761
2022 $2,244,448 $2,390,453 $5,544,900 $-146,005
2021 $2,489,461 $2,054,017 $741,739 $435,444
2020 $2,398,824 $2,147,282 $726,307 $251,542
2019 $2,571,142 $2,608,036 $868,204 $-36,894
2018 $2,336,786 $2,434,706 $1,127,174 $-97,920
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