Latino Cultural Arts Center
Nonprofit profile at a glance
- EIN
- 811705392
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024, Form 990-N 2016
- Location
- Denver, CO, USA
- Phone
- 7204969375
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts Education
Reported finances
- Revenue
- $719,118
- Expenses
- $688,742
- Assets
- $4,982,869
- Liabilities
- $993,263
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Highest reported compensation
- ALFREDO REYES (EXECUTIVE DI): $107,008 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the latino cultural arts center (lcac) is to strengthen the knowledge of the extensive artistic expressions of latinos living in the u.s. And globally through education, discussion... Continued on schedule o.
What it reported doing in 2024
Development of las bodegas, a 501(c)(3)-owned cultural campus in denver's sun valley neighborhood. In fy25, the organization advanced construction on its flagship facility at 1935 w. 12th ave. A solar-powered innovation hub for visual and digital arts production, exhibition, and workforce training. The project is funded through an 8.3 million capital stack assembled across federal, state, city, and philanthropic sources. The facility is scheduled to open in september 2026.
Operating model
- Revenue model
- Donor-supported. 78% of the money available for current operations came from contributions and gifts.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 61
- Transparency & Controls: 92
- Accountability: 84
- Sustainability: 55
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65.1%; rating input score 65
- Program expense ratio: 64.5%; rating input score 65
- Fundraising efficiency: $6.54 raised per $1 spent on fundraising; rating input score 25; 25th 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: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4.2%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 7.23; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0.2; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 15.5%; rating input score 22; 22nd percentile among comparable filings
Growth
- Program expense growth: 13.9% per year; rating input score 100; 73rd percentile among comparable filings
- Revenue growth: 21.6% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: 42% per year; rating input score 100; 95th percentile among comparable filings
Details
- Where the money goes: 65.1% of revenue deployed · 64.5% of spending went to programs
- Governance: 8 of 8 board members independent · 5 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $444K in reported program spending
- Leadership: top reported pay $107K · 9 people listed
- Consistency: 31 of 31 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 8 filing years from 2017 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 25/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- Moderate — Sustainability: Operating margin scored 48/100.
- High — Sustainability: Officer compensation ratio scored 22/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.