LATINO ART BEAT INC: Form 990EZ, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
LATINO ART BEAT INC (EIN 36-4235183)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-04-05
IRS object ID
202130959349200963
Schema version
2020v4.0
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)
Return2021-04-05T15:12:12-07:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

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 Line131 E 13th PlaceAddressLine1Txt
CityLombardCityNm
State AbbreviationILStateAbbreviationCd
ZIP60148ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2020-01-01TaxPeriodBeginDt

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
Signature2021-04-05SignatureDt
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)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLinda CummingsPreparerPersonNm
PTINP00854191PTIN
Phone6308066617PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
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.comWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$74,050GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$73,050ContributionsGiftsGrantsEtcAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Special Events Direct Expenses$0SpecialEventsDirectExpensesAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Other Revenue Total$1,000OtherRevenueTotalAmt
Total Revenue$74,050TotalRevenueAmt
Salaries Other Comp Empl Bnft$60,000SalariesOtherCompEmplBnftAmt
Fees And Other Pymt To Ind Cntrct$1,550FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$1,404OccupancyRentUtltsAndMaintAmt
Printing Publications Postage$36PrintingPublicationsPostageAmt
Other Expenses Total$8,161OtherExpensesTotalAmt
Total Expenses$71,151TotalExpensesAmt
Excess Or Deficit For Year$2,899ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY-$29,153NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$26,254NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$624BOYAmt
EOY$19,873EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

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

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,624BOYAmt
EOY$20,873EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$30,777BOYAmt
EOY$47,127EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY-$29,153BOYAmt
EOY-$26,254EOYAmt
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 Mayors 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 isDescriptionProgramSrvcAccomTxt
Grants And Allocations$38,040GrantsAndAllocationsAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$38,040TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (3 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
D R Nuccio
President5.00$60,000
Daniel O Cisneros
Vice President5.00$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$28,127LoansToFromOfficersAmt
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)
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$3,500CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$18,550CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$20,800CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$18,715CurrentTaxYearMinus1YearAmt
Current Tax Year$73,050CurrentTaxYearAmt
Total$134,615TotalAmt

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$3,500CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$18,550CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$20,800CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$18,715CurrentTaxYearMinus1YearAmt
Current Tax Year$73,050CurrentTaxYearAmt
Total$134,615TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$0SubstantialContributorsTotAmt
Public Support Total170$134,615PublicSupportTotal170Amt

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$1,000CurrentTaxYearAmt
Total$1,000TotalAmt
FieldValueIRS element (for citing)
Total Support$135,615TotalSupportAmt
Public Support CY1700.99260PublicSupportCY170Pct
Public Support PY1701.00000PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

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$28,127BalanceDueAmt
DefaultfalseDefaultInd
Board Or Committee ApprovalYes (true)BoardOrCommitteeApprovalInd
Written AgreementYes (true)WrittenAgreementInd
FieldValueIRS element (for citing)
Total Balance Due$28,127TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (17 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Other Revenue.1SBA EIDL Grant $1000
Other Expenses.1012Insurance $1583
Other Expenses.1Scholarships $2000
Other Expenses.2Van Expenses $1113
Other Expenses.3Studio Repairs $929
Other Expenses.4Film Production Expenses $777
Other Expenses.5Travel $550
Other Expenses.6Internet Access $460
Other Expenses.7Telephone $293
Other Expenses.8Supplies $215
Other Expenses.9Printing and Copying $131
Other Expenses.10Misc Program Expenses $57
Other Expenses.11Bank Charges $43
Other Expenses.13Annual Report Fees $10
Other Assets.1002Furniture and Fixtures - Beginning $1000 Furniture and Fixtures - Ending $1000
Total Liabilities.1006Payable to Officers, Directors, Etc. - Beginning $30777 Payable to Officers, Directors, Etc. - Ending $28127
Total Liabilities.1SBA Loan Payable - Beginning $0 SBA Loan Payable - Ending $19000

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