LATINO ARTE AND CULTURE

EIN: 853814363 501(c)(3) Arts, Culture & Humanities

Reno, NV

Total Revenue
$242,054
Total Expenses
$204,306
Total Assets
$37,748
Net Assets
$37,748
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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
NV
Principal Officer
Mario Delarosa
Phone
7753787025
Tax Period
2024-01-01 to 2024-12-31

LATINO ARTE AND CULTURE, founded in 2020, is a small nonprofit in the Arts, Culture & Humanities sector that reported $242K in total revenue in fiscal year 2024. The organization ran a surplus of $38K, a strong 16% operating margin.

Mission

Our mission is to create, produce and promote the Latinx-Hispanic diverse arts and culture, to educate through workshops in the arts, culture and humanities; Providing a diversity of free entrance events such as cultural festivals, bilingual theater performances and literary encounters; to mentor first generation Latinx students and offer bilingual workshops in the arts, culture and humanities. We give Latinx artists access to the arts; arts education and resources; we advocate for equity, and our arts to be included and also be inclusive.

Program Service Accomplishments

Program 1
Expenses: $28,988 Revenue: $63,863

We organized and presented two outdoor cultural festivals during the year: Fiesta on Wells and Day of the Dead Festival. These festivals featured vendors, music, and dancers. Admission to both events...

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We organized and presented two outdoor cultural festivals during the year: Fiesta on Wells and Day of the Dead Festival. These festivals featured vendors, music, and dancers. Admission to both events was free, with an estimated attendance of around 6200.

Program 2
Expenses: $20,845 Revenue: $6,100

We organized and presented two bilingual plays, The Wizard of Oz, in three shows at the Reno Little Theater in Reno and in three additional shows at the Brewery Arts Center in Carson City. The other...

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We organized and presented two bilingual plays, The Wizard of Oz, in three shows at the Reno Little Theater in Reno and in three additional shows at the Brewery Arts Center in Carson City. The other bilingual play, LGBTQIA+ Latinx, was presented in June at Reno Little Theater. These collectively attracted 300 attendees. Some paid discounted student and senior rates, while others were admitted without charge. Additionally, we hosted a literary event with free admission, which drew approximately 40 attendees. The total estimated attendance for all 4 events is 340 people.

Program 3
Expenses: $117,302 Revenue: $117,302

We offered around 24 workshops in the arts and culture, ex. theater for children and adults, salsa dancing classes, hip-hop dancing, sewing, costume making, painting, drums. We offered scaling fees...

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We offered around 24 workshops in the arts and culture, ex. theater for children and adults, salsa dancing classes, hip-hop dancing, sewing, costume making, painting, drums. We offered scaling fees or there was no charge, because of scholarships or availability. The estimated number of attendees in these workshops was 281 individuals, from 207 households. In the Mentorship program we served around 65 students, divided on 3 classes. people this year.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $242,054
Investment Income $0
Other Revenue $0
TOTAL REVENUE $242,054

Expense Breakdown

Grants Paid $0
Salaries & Benefits $148,894
Fundraising Expenses $0
Program Expenses $204,306
Other Expenses $55,412
TOTAL EXPENSES $204,306

Year-over-Year Comparison

2024 2023 Change
Revenue $242,054 N/A N/A
Expenses $204,306 N/A N/A
Net Income $37,748 $0 N/A
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
7
Independent Members
5
Employees
N/A
Volunteers
52

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
2
$101,323
Total Directors
7
$101,323
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mario Delarosa Chair/Executive Director 40.00
Officer Director
$81,053 $0 $81,053
Annamaria Cavallone Treasurer/Programmimg Director 40.00
Officer Director
$20,270 $0 $20,270
Nancy Segoviano Director 0.5
Director
$0 $0 $0
Ivet Contreras Director 0.5
Director
$0 $0 $0
Claudia Grady Secretary 0.5
Director
$0 $0 $0
Mary Tagle Director 0.5
Director
$0 $0 $0
Astrid Perez Director 0.5
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
2024 $242,054 $204,306 $37,748 $37,748
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