Xico Inc

Overview

Mission

Xico believes in the transformative power of art and that culture can be honored and preserved through artistic expression. Xico advances the visibility and appreciation of Latino and Indigenous culture by supporting artists in developing artistic skills and knowledge; serving as a community working studio for printmaking and other visual media; increasing promotion and visibility of Latino and Indigenous art through exhibitions, sales, and community partnerships; providing a space and environment for the community to engage in dialogue and understand the rich contributions of Latino and Indigenous culture.

What it reported doing in 2024

Xico believes in the transformative power of art and that culture can be honored and preserved through artistic expression. Xico advances the visibility and appreciation of Latino and Indigenous culture by supporting artists in developing artistic skills and knowledge; serving as a community working studio for printmaking and other visual media; increasing promotion and visibility of Latino and Indigenous art through exhibitions, sales, and community partnerships; providing a space and environment for the community to engage in dialogue and understand the rich contributions of Latino and Indigenous culture

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Nonprofit profile at a glance

EIN
204225234
IRS 990 coverage
2018–2024
Forms available
Form 990 2024
Headquarters
Phoenix, AZ, USA
Phone
4808335875
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities N.E.C.

Official website

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 92
  • Accountability: 74
  • Sustainability: 24
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.1%; rating input score 92
  • Program expense ratio: 70%; rating input score 70
  • Fundraising efficiency: $1.4 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -28.2%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 1.36; rating input score 53; 53rd percentile among comparable filings
  • Liabilities to assets ratio: 0.88; rating input score 7; 7th percentile among comparable filings
  • Officer compensation ratio: 8.6%; rating input score 42; 42nd percentile among comparable filings

Growth

  • Program expense growth: 18.9% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: 11.5% per year; rating input score 100; 71st percentile among comparable filings
  • Asset growth: 10.5% per year; rating input score 100; 60th percentile among comparable filings

Details

  • Where the money goes: 92.1% of revenue deployed · 70% of spending went to programs
  • Governance: 9 of 9 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $652K in reported program spending
  • Leadership: top reported pay $80K · 14 people listed
  • Consistency: 31 of 31 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 5 annual filings from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

14 people listed

Highest reported compensation

  • Donna Valdez (Executive Director): $80,012 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.