COLLABORATIVE INSTITUTE OF CULTURAL ARTS

EIN: 821242234 501(c)(3) Arts, Culture & Humanities

Chicago, IL

Total Revenue
$144,152
Total Expenses
$95,308
Total Assets
$141,335
Net Assets
$141,335
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
IL
Phone
7085453082
Tax Period
2023-01-01 to 2023-12-31

COLLABORATIVE INSTITUTE OF CULTURAL ARTS, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $144K in total revenue in fiscal year 2023. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $49K, a strong 34% operating margin.

Mission

Provide Mexican Folkloric dance cultural exchange program to bring in students from Mexico to perform rain and Folkloric dance around the United States and some countries in Mexico

Program Service Accomplishments

Program 1
Expenses: $7,413 Revenue: $20,000

Department of Cultural Affairs and Special Events: Grant for Neighborhood Access program

Program 2
Expenses: $1,386 Revenue: $16,847

Frida Kahlo Community Organization Programming: Cultural Arts and Folkloric dance for School children youth and adults

Program 3
Expenses: $3,976 Revenue: $10,000

Reality of Chicago: Grant for travel for students to perform in other cities in Mexico

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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 (2023)

Revenue Breakdown

Contributions & Grants $200,495
Program Service Revenue $0
Investment Income $0
Other Revenue $-56,343
TOTAL REVENUE $144,152

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $12,775
Other Expenses $95,308
TOTAL EXPENSES $95,308

Year-over-Year Comparison

2023 2022 Change
Revenue $144,152 $92,491 +0.6%
Expenses $95,308 N/A N/A
Net Income $48,844 $92,491 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
N/A
Employees
N/A
Volunteers
15

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
3
$0
Total Directors
5
$9,520
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Samuel Barriga President 60.00
Officer
$0 $0 $0
Joselyn Vargas Secretary 60.00
Officer
$0 $0 $0
Armando Marquez Treasurer 60.00
Officer
$0 $0 $0
Araceli Lopez Director 35.00
Director
$0 $0 $0
Cristina Leafios Director 60.00
Director
$9,520 $0 $9,520
Guillermo Duarte Director 5.00
Director
$0 $0 $0
Hector Cruz Director 25.00
Director
$0 $0 $0
Juan Mora Director 40.00
Director
$0 $0 $0
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
2023 $144,152 $95,308 $141,335 $48,844
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