LATINO ART BEAT INC: Form 990EZ, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
LATINO ART BEAT INC (EIN 36-4235183)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-10
IRS object ID
202443159349200629
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-10T12:37:56-08:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN263131266PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Cummings Professional Services IncBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line17051 Hwy70 S 211AddressLine1Txt
CityNashvilleCityNm
State AbbreviationTNStateAbbreviationCd
ZIP37221ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN364235183EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Latino Art Beat IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlLATIBusinessNameControlTxt
Phone7732916901PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 87458AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60680ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDon Rossi NuccioPersonNm
Person TitlePresidentPersonTitleTxt
Signature2024-11-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLinda CummingsPreparerPersonNm
PTINP00854191PTIN
Phone6308066617PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website AddressN/AWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$20,400GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$20,400ContributionsGiftsGrantsEtcAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Special Events Direct Expenses$0SpecialEventsDirectExpensesAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Total Revenue$20,400TotalRevenueAmt
Fees And Other Pymt To Ind Cntrct$575FeesAndOtherPymtToIndCntrctAmt
Printing Publications Postage$1,010PrintingPublicationsPostageAmt
Other Expenses Total$17,297OtherExpensesTotalAmt
Total Expenses$18,882TotalExpensesAmt
Excess Or Deficit For Year$1,518ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY-$35,648NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$34,130NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$6,979BOYAmt
EOY$9,497EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$1,000BOYAmt
EOY$1,000EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$7,979BOYAmt
EOY$10,497EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$43,627BOYAmt
EOY$44,627EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY-$35,648BOYAmt
EOY-$34,130EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeLAB offers an annual themed visual arts competition to currently enrolled high school students in select cities in collaboration with the local Mayor's Office and Department of Education. 1st place winners receive scholarship support from LAB and are honored in a public ceremony during Hispanic Heritage Month.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomLAB holds an annual art competition available to currently enrolled high school students, in select cities. All the artwork is submitted by the student's high school on behalf of its students. A panel of professional judges determines the winnersDescriptionProgramSrvcAccomTxt
Program Service Expenses$18,009ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$18,009TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (3 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Don Rossi Nuccio
President0$0
Daniel O Cisneros
Vice President0$0
David Cuomo
Secretary0$0
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersYes (true)MadeLoansToFromOfficersInd
Loans To From Officers$25,627LoansToFromOfficersAmt
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonDon Rossi NuccioPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1P OBox 87458AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60680ZIPCd
FieldValueIRS element (for citing)
Phone7732916901PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingfalseSchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (true)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$18,715CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$73,050CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,750CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,685CurrentTaxYearMinus1YearAmt
Current Tax Year$20,400CurrentTaxYearAmt
Total$124,600TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$18,715CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$73,050CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,750CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,685CurrentTaxYearMinus1YearAmt
Current Tax Year$20,400CurrentTaxYearAmt
Total$124,600TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$0SubstantialContributorsTotAmt
Public Support Total170$124,600PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$1,000CurrentTaxYearMinus3YearsAmt
Total$1,000TotalAmt
FieldValueIRS element (for citing)
Total Support$125,600TotalSupportAmt
Public Support CY1700.99200PublicSupportCY170Pct
Public Support PY1700.99210PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

FieldValueIRS element (for citing)
PersonDon R NuccioPersonNm
Relationship With OrgPresidentRelationshipWithOrgTxt
Loan PurposeCash FlowLoanPurposeTxt
Loan To OrganizationYes (X)LoanToOrganizationInd
Original Principal$34,627OriginalPrincipalAmt
Balance Due$25,627BalanceDueAmt
DefaultfalseDefaultInd
Board Or Committee ApprovalYes (true)BoardOrCommitteeApprovalInd
Written AgreementYes (true)WrittenAgreementInd
FieldValueIRS element (for citing)
Total Balance Due$25,627TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (18 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Other Expenses.1002Office Expenses $297
Other Expenses.1005Travel $2427
Other Expenses.1007Conferences, Conventions, and Meetings $5000
Other Expenses.1012Insurance $3010
Other Expenses.1Studio Cleaning $1755
Other Expenses.2Scholarships $1500
Other Expenses.3Supplies $1150
Other Expenses.4Cable/Internet $892
Other Expenses.6Van Expenses $422
Other Expenses.7Studio Maintenance $280
Other Expenses.8Artwork Framing $244
Other Expenses.10Cuba Gifts $210
Other Expenses.11Signs $62
Other Expenses.12Local Transportation $33
Other Expenses.13Donations $15
Other Assets.1Furniture & Fixtures - Beginning $1000 Furniture & Fixtures - Ending $1000
Total Liabilities.1006Payable to Officers, Directors, Etc. - Beginning $24627 Payable to Officers, Directors, Etc. - Ending $25627
Total Liabilities.1SBA Loan Payable - Beginning $19000 SBA Loan Payable - Ending $19000

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