CENTRO CULTURAL MEXICANO

EIN: 833001688 501(c)(3) Arts, Culture & Humanities

REDMOND, WA

Total Revenue
$4,500,975
Total Expenses
$3,589,420
Total Assets
$4,039,087
Net Assets
$3,136,020
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
WA
Principal Officer
ANGIE HINOJOS
Phone
4258967067
Tax Period
2023-01-01 to 2023-12-31

CENTRO CULTURAL MEXICANO, founded in 2018, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.5M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $912K, a strong 20% operating margin.

Mission

CENTRO CULTURAL MEXICANO STRIVES TO INSPIRE INCLUSIVE PARTICIPATION BY THE COMMUNITY IN ALL ASPECTS OF EDUCATION, CULTURE, AND SOCIETY BY PROVIDING OPPORTUNITIES TO CREATE A POSITIVE FUTURE AND TO BUILD A VIBRANT COMMUNITY OF EMPOWERED INDIVIDUALS THROUGH ART AND CULTURE.

Program Service Accomplishments

Program 1
Expenses: $2,310,482

BASIC NEEDS - CENTRO CULTURAL MEXICANO HAS CO-CREATED AND IMPLEMENTED PROGRAMS TO PROVIDE AND DISTRIBUTE RENT ASSISTANCE, MORTGAGE ASSISTANCE, AND LOAN ASSISTANCE (WHEN USED FOR RENT) IN ORDER TO...

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BASIC NEEDS - CENTRO CULTURAL MEXICANO HAS CO-CREATED AND IMPLEMENTED PROGRAMS TO PROVIDE AND DISTRIBUTE RENT ASSISTANCE, MORTGAGE ASSISTANCE, AND LOAN ASSISTANCE (WHEN USED FOR RENT) IN ORDER TO KEEP OUR COMMUNITY HOUSED. CENTRO CULTURAL MEXICANO PROVIDES BILINGUAL AND CULTURALLY RELEVANT HEALTH OUTREACH AND EDUCATION, AS WELL AS VACCINATIONS, AND ACCESS TO BASIC SERVICES AND RESOURCES.

Program 2
Expenses: $495,103

EDUCATION - CENTRO CULTURAL MEXICANO SUPPORTS YOUTH ENGAGEMENT THROUGH SERVICES AND OPPORTUNITIES LIKE OUR PAID INTERNSHIP PROGRAM. PROGRAMS - CENTRO CUTLRUAL MEXICANO ADVOCATES AT THE STATE AND...

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EDUCATION - CENTRO CULTURAL MEXICANO SUPPORTS YOUTH ENGAGEMENT THROUGH SERVICES AND OPPORTUNITIES LIKE OUR PAID INTERNSHIP PROGRAM. PROGRAMS - CENTRO CUTLRUAL MEXICANO ADVOCATES AT THE STATE AND LOCAL LEVEL TO ENSURE THAT POLICIES AND PROCEDURES ARE EQUITABLE AND ADDRESS THE NEEDS OF OUR COMMUNITIES.

Program 3
Expenses: $297,062

SMALL BUSINESS SUPPORT - CENTRO CULTURAL MEXICANO SERVES SMALL BUSINESSES WITH BILINGUAL PROGRAMS AND SERVICES, PROVIDING WORKSHOPS, TECHNICAL ASSISTANCE, AND ACCESS TO INFORMATION AND FUNDING...

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SMALL BUSINESS SUPPORT - CENTRO CULTURAL MEXICANO SERVES SMALL BUSINESSES WITH BILINGUAL PROGRAMS AND SERVICES, PROVIDING WORKSHOPS, TECHNICAL ASSISTANCE, AND ACCESS TO INFORMATION AND FUNDING OPPORTUNITIES.

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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 $4,500,839
Program Service Revenue $0
Investment Income $136
Other Revenue $0
TOTAL REVENUE $4,500,975

Expense Breakdown

Grants Paid $1,608,667
Salaries & Benefits $1,050,419
Fundraising Expenses $0
Program Expenses $3,300,688
Other Expenses $930,334
TOTAL EXPENSES $3,589,420

Year-over-Year Comparison

2023 2022 Change
Revenue $4,500,975 $5,478,747 -0.2%
Expenses $3,589,420 $3,954,045 -0.1%
Net Income $911,555 $1,524,702 -0.4%
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
8
Independent Members
7
Employees
15
Volunteers
50

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
$283,770
Total Directors
8
$283,770
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGIE HINOJOS EXECUTIVE DIRECTOR 60.00
Officer Director
$266,748 $17,022 $283,770
DAVE JUAREZ CHAIR 4.00
Officer Director
$0 $0 $0
SIRI BLIESNER VICE CHAIR 2.00
Officer Director
$0 $0 $0
PEDRO ESPINOZA TREASURER 2.00
Officer Director
$0 $0 $0
ANGIE HANCOCK SECRETARY 2.00
Officer Director
$0 $0 $0
MARISELA CERDA DIRECTOR 2.00
Director
$0 $0 $0
DR JESUS PEREZ DIRECTOR 2.00
Director
$0 $0 $0
MONICA TRUJILLO DIRECTOR 2.00
Director
$0 $0 $0
CARLOS JIMENEZ DEPUTY DIRECTOR 60.00
Highest
$155,910 $8,762 $164,672
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
2024 No data No data No data No data
2023 $4,500,975 $3,589,420 $4,039,087 $911,555
2022 $5,478,747 $3,954,045 $3,442,685 $1,524,702
2021 $2,680,609 $1,582,488 $1,206,257 $1,098,121
2020 $414,909 $315,084 $108,136 $99,825
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