LATINO ART BEAT INC: Form 990EZ, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
LATINO ART BEAT INC (EIN 36-4235183)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-06-20
IRS object ID
202231719349200038
Schema version
2021v4.0
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)
Return2022-06-20T15:11:17-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN383649533PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FORUM TAX & ACCOUNTING SERVICES LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11900 S HIGHLAND STE 100AddressLine1Txt
CityLOMBARDCityNm
State AbbreviationILStateAbbreviationCd
ZIP601484988ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

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)
PersonD R NUCCIOPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone7732916901PhoneNum
Signature2022-06-20SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDON ROSSIPersonFirstNm
Person LastNUCCIOPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonANN MARIE BEHRENDT EAPreparerPersonNm
PTINP00966024PTIN
Phone6308738541PhoneNum
Preparation2022-06-20PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website AddressWWW.LATINOARTBEAT.ORGWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$4,750GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$4,750ContributionsGiftsGrantsEtcAmt
Total Revenue$4,750TotalRevenueAmt
Fees And Other Pymt To Ind Cntrct$575FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$2,226OccupancyRentUtltsAndMaintAmt
Printing Publications Postage$258PrintingPublicationsPostageAmt
Other Expenses Total$10,733OtherExpensesTotalAmt
Total Expenses$13,792TotalExpensesAmt
Excess Or Deficit For Year-$9,042ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY-$26,254NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$35,296NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$19,873BOYAmt
EOY$6,831EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

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

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$20,873BOYAmt
EOY$7,831EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$47,127BOYAmt
EOY$43,127EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY-$26,254BOYAmt
EOY-$35,296EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
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 STUDENTS' HIGH SCHOOL ON BEHALF OF ITS STUDENTS. A PANEL OF PROFESSIONAL JUDGES DETERMINES THE WINNERS.DescriptionProgramSrvcAccomTxt
Program Service Expenses$8,632ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$8,632TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (3 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
D R NUCCIO
PRESIDENT5.00$0
DANIEL O CISNEROS
VICE PRESIDE5.00$0
DAVID CUOMO
SECRETARY5.00$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$24,127LoansToFromOfficersAmt
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonD R NUCCIOPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line16800 RIVERSIDE DRIVEAddressLine1Txt
CityBERWYNCityNm
State AbbreviationILStateAbbreviationCd
ZIP60402ZIPCd
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$18,550CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$20,800CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$18,715CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$73,050CurrentTaxYearMinus1YearAmt
Current Tax Year$4,750CurrentTaxYearAmt
Total$135,865TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$18,550CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$20,800CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$18,715CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$73,050CurrentTaxYearMinus1YearAmt
Current Tax Year$4,750CurrentTaxYearAmt
Total$135,865TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$135,865PublicSupportTotal170Amt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$1,000CurrentTaxYearMinus1YearAmt
Total$1,000TotalAmt
FieldValueIRS element (for citing)
Total Support$136,865TotalSupportAmt
Public Support CY1700.99270PublicSupportCY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePART II, LINE 10FormAndLineReferenceDesc
ExplanationSBA GRANT 1,000ExplanationTxt

Schedule L IRS990ScheduleL

Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp

FieldValueIRS element (for citing)
PersonD NUCCIOPersonNm
Relationship With OrgPRESIDENTRelationshipWithOrgTxt
Loan PurposeCASH FLOWLoanPurposeTxt
Loan To OrganizationYes (X)LoanToOrganizationInd
Original Principal$31,127OriginalPrincipalAmt
Balance Due$24,127BalanceDueAmt
DefaultfalseDefaultInd
Board Or Committee ApprovalYes (true)BoardOrCommitteeApprovalInd
Written AgreementYes (true)WrittenAgreementInd
FieldValueIRS element (for citing)
Total Balance Due$24,127TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 16EXPENSES OFFICE EXPENSES 358 TRAVEL 2,771 INSURANCE 2,216 ANNUAL REPORT FEE 370 BOOKS & REFERENCE MATERIA 45 MISCELLANEOUS PROGRAM EXP 50 POSTAGE 45 SCHOLARSHIPS 2,000 STUDIO REPAIRS 1,550 TELEPHONE 1,328 TOTAL 10,733
FORM 990-EZ, PART II, LINE 24FURNITURE & FIXTURES 1,000 1,000 TOTAL 1,000 1,000
FORM 990-EZ, PART II, LINE 26SBA LOAN PAYABLE 19,000 19,000 LOANS FROM OFFICERS 28,127 24,127
FORM 990-EZ, PART IIILAB 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.
FORM 990-EZ, PART III, LINE 28LAB HOLDS AN ANNUAL ART COMPETITION AVAILABLE TO CURRENTLY ENROLLED HIGH SCHOOL STUDENTS IN SELECT CITIES. ALL THE ARTWORK IS SUBMITTED BY THE STUDENTS' HIGH SCHOOL ON BEHALF OF ITS STUDENTS. A PANEL OF PROFESSIONAL JUDGES DETERMINES THE WINNERS.

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