LATINO ART BEAT INC: Form 990EZ, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
LATINO ART BEAT INC (EIN 36-4235183)
Tax period
2014-01-01 to 2014-12-31
Filed
2015-11-06
IRS object ID
201513109349201101
Schema version
2014v5.0
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)
Return2015-11-06T12:39:13-08:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Advanced Accounting ServicesBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13114 Oak Park AveAddressLine1Txt
CityBerwynCityNm
State AbbreviationILStateAbbreviationCd
ZIP60402ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

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 Line1P O BOX 87458AddressLine1Txt
CityCHICAGOCityNm
State AbbreviationILStateAbbreviationCd
ZIP60680ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDON NUCCIOPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone7732916901PhoneNum
Signature2015-11-05SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonVASANTHI SEERASPreparerPersonNm
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-02-25 16:41:14ZBuildTS

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$7,350GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$7,250ContributionsGiftsGrantsEtcAmt
Program Service Revenue$0ProgramServiceRevenueAmt
Membership Dues$0MembershipDuesAmt
Investment Income$0InvestmentIncomeAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Gain Or Loss From Sale Of Assets$0GainOrLossFromSaleOfAssetsAmt
Gaming Gross Income$0GamingGrossIncomeAmt
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Special Events Direct Expenses$0SpecialEventsDirectExpensesAmt
Special Events Net Income Loss$0SpecialEventsNetIncomeLossAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Gross Profit Loss Sls Of Invntry$0GrossProfitLossSlsOfInvntryAmt
Other Revenue Total$100OtherRevenueTotalAmt
Total Revenue$7,350TotalRevenueAmt
Grants And Similar Amounts Paid$4,261GrantsAndSimilarAmountsPaidAmt
Occupancy Rent Utlts And Maint$3,012OccupancyRentUtltsAndMaintAmt
Printing Publications Postage$56PrintingPublicationsPostageAmt
Other Expenses Total$4,466OtherExpensesTotalAmt
Total Expenses$11,795TotalExpensesAmt
Excess Or Deficit For Year-$4,445ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY-$22,540NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$26,985NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$510BOYAmt
EOY$141EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

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

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,510BOYAmt
EOY$1,141EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$24,050BOYAmt
EOY$28,126EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY-$22,540BOYAmt
EOY-$26,985EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposeLAB 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 IS SELECTED IN COLLABORATION WITH THE RESPECTIVE MAYORS OFFICE &/OR DEPARTMENT OF EDUCATION WHO IN TURN JUDGE THE ARTWORK AND SELECT THE WINNERS. THE CRITERION USED FOR SELECTING THE WINNERS IS BASED ON TECHNICAL ABILITY, THEME AND CREATIVITY. THE SELECTED WINNERS THEN QUALIFY FOR MONETARY PRIZES &/OR SCHOLARSHIPS. IN SOME INSTANCES LAB WILL DISBURSE THE AWARD DIRECTLY TO THE STUDENT WINNER OR THEIR COLLEGE OF CHOICE. HOWEVER, IN THE MAJORITY OF AWARDS LAB ACADEMIC PARTNERS OR SCHOLARSHIP PARTNERS WILL MAKE AWARD/GRANT DIRECTLY TO THE STUDENTS TUITION ACCOUNT AT THE RESPECTIVE STUDENTS INSTITUTION OF HIGHER LEARNING.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 IS SELECTED IN COLLABORATION WITH THE RESPECTIVE MAYORS OFFICE &/OR DEPARTMENT OF EDUCATION WHO IN TURN JUDGE THE ARTWORK AND SELECT THE WINNERS. THE CRITERION USED FOR SELECTING THE WINNERS IS BASED ON TECHNICAL ABILITY, THEME AND CREATIVITY. THE SELECTED WINNERS THEN QUALIFY FOR MONETARY PRIZES &/OR SCHOLARSHIPS. IN SOME INSTANCES LAB WILL DISBURSE THE AWARD DIRECTLY TO THE STUDENT WINNER OR THEIR COLLEGE OF CHOICE. HOWEVER, IN THE MAJORITY OF AWARDS LAB ACADEMIC PARTNERS OR SCHOLARSHIP PARTNERS WILL MAKE AWARD/GRANT DIRECTLY TO THE STUDENTS TUITION ACCOUNT AT THE RESPECTIVE STUDENTS INSTITUTION OF HIGHER LEARNING.DescriptionProgramSrvcAccomTxt
Grants And Allocations$4,261GrantsAndAllocationsAmt
Program Service Expenses$6,088ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$6,088TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (3 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
DR NUCCIO
PRESIDENT5.00$0
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$28,125LoansToFromOfficersAmt
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonD 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

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$28,555CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$18,700CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$20,560CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$20,766CurrentTaxYearMinus1YearAmt
Current Tax Year$7,250CurrentTaxYearAmt
Total$95,831TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$28,555CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$18,700CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$20,560CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$20,766CurrentTaxYearMinus1YearAmt
Current Tax Year$7,250CurrentTaxYearAmt
Total$95,831TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$70,023SubstantialContributorsTotAmt
Public Support Total170$25,808PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Total Support$95,831TotalSupportAmt
Public Support CY1700.26930PublicSupportCY170Pct
Public Support PY1700.32930PublicSupportPY170Pct
Ten Pct Facts Crcmstncs Test CYYes (X)TenPctFactsCrcmstncsTestCYInd
Public Support Total509$0PublicSupportTotal509Amt
Public Support CY5090PublicSupportCY509Pct
Investment Income CY0InvestmentIncomeCYPct

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferencePt II Ln 17aFormAndLineReferenceDesc
ExplanationGrantExplanationTxt

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$2,332OriginalPrincipalAmt
Balance Due$28,125BalanceDueAmt
DefaultfalseDefaultInd
Board Or Committee ApprovalYes (true)BoardOrCommitteeApprovalInd
Written AgreementYes (true)WrittenAgreementInd
FieldValueIRS element (for citing)
Total Balance Due$28,125TotalBalanceDueAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990EZ, Part I, Line 8SALE OF POSTER 100.
Form 990EZ, Part I, Line 10GRANT GRANT MANNY REYES 4261.
Form 990EZ, Part I, Line 16ADVERTISING BANK CHARGES 440. ACCOUNTING FEES CORPORATION FEES INSURANCE EXPENSE SUPPLIES EXPENSE 388. DONATION 10. EQUIPMENT RENTAL EXPENSE MOTOR VEHICLE EXPENSE 251. TRAVEL EXPENSE 375. MEETINGS/EVENT EXPENSE 1452. INTEREST EXPENSE 1550.
Form 990EZ, Part II, Line 24FURNITURE 1000. 1000.
Form 990EZ, Part II, Line 26LOAN TO OFFICERS 24050. 28126.

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