Latino Arte and Culture
Nonprofit profile at a glance
- EIN
- 853814363
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023, Form 990-N 2021
- Location
- Reno, NV, USA
- Phone
- 7753787025
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $242,054
- Expenses
- $204,306
- Assets
- $37,748
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Mario Delarosa (Chair/Executive Director)
Highest reported compensation
- Mario Delarosa (Chair/Executive Director): $81,053 total reported compensation
- Annamaria Cavallone (Treasurer/Programmimg Director): $20,270 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Other-operating. 63% of the money available for current operations came from other operating revenue.
- 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.
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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 82
- Accountability: 55
- Sustainability: 45
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.4%; rating input score 84
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 13th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 71.4%; rating input score 71; 19th percentile among comparable filings
- Governance controls: 3 of 9 controls in place; rating input score 33
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 15.6%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 0.18; rating input score 10; 10th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 49.6%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 26.8% per year; rating input score 100; 92nd percentile among comparable filings
- Asset growth: 82.2% per year; rating input score 100; 98th percentile among comparable filings
Details
- Where the money goes: 84.4% of revenue deployed · 100% of spending went to programs
- Governance: 5 of 7 board members independent · 3 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $204K in reported program spending
- Leadership: top reported pay $81K · 7 people listed
- Consistency: 39 of 40 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 5 of 8 not reported.
- High — Sustainability: Total-asset coverage ratio scored 10/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 4/100.