LATINO ART BEAT INC: Form 990EZ, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
LATINO ART BEAT INC (EIN 36-4235183)
Tax period
2012-01-01 to 2012-12-31
Filed
2013-10-03
IRS object ID
201332769349200103
Schema version
2012v2.0
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)
Timestamp2013-10-03T07:46:32-07:00Timestamp
Tax Period End Date2012-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1ADVANCED ACCOUNTING SERVICESBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line13114 OAK PARK AVEAddressLine1
CityBERWYNCity
StateILState
ZIP Code60402ZIPCode
FieldValueIRS element (for citing)
Return Type990EZReturnType
Tax Period Begin Date2012-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN364235183EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1LATINO ART BEAT INCBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlLATINameControl
Phone7732916901Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1P O BOX 87458AddressLine1
CityCHICAGOCity
StateILState
ZIP Code60680ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameDON NUCCIOName
TitlePRESIDENTTitle
Phone7732916901Phone
Date Signed2013-09-24DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
NameVASANTHI SEERASName
Self EmployedXSelfEmployed
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashXMethodOfAccountingCash
Web SiteN/AWebSite
Organization501c3XOrganization501c3
Gross Receipts20560GrossReceipts
Info In Schedule O Part IXInfoInScheduleOPartI
Contributions Gifts Grants Etc20550ContributionsGiftsGrantsEtc
Program Service Revenue0ProgramServiceRevenue
Membership Dues0MembershipDues
Investment Income0InvestmentIncome
Cost Other Basis And Sales Expenses0CostOtherBasisAndSalesExpenses
Gain Or Loss From Sale Of Assets0GainOrLossFromSaleOfAssets
Gaming Gross Income0GamingGrossIncome
Fundraising Gross Income0FundraisingGrossIncome
Special Events Direct Expenses0SpecialEventsDirectExpenses
Special Events Net Income Loss0SpecialEventsNetIncomeLoss
Cost Of Goods Sold0CostOfGoodsSold
Gro Profit Loss Sales Of Inventory0GroProfitLossSalesOfInventory
Other Revenue Total10OtherRevenueTotal
Total Revenue20560TotalRevenue
Grants And Similar Amounts Paid8530GrantsAndSimilarAmountsPaid
Occupancy Rent Utilities And Maint2486OccupancyRentUtilitiesAndMaint
Printing Publications Postage2033PrintingPublicationsPostage
Other Expenses Total17095OtherExpensesTotal
Total Expenses30144TotalExpenses
Excess Or Deficit For Year-9584ExcessOrDeficitForYear
Net Assets Or Fund Balances BOY-6213NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY-15797NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIXInfoInScheduleOPartII

Cash Savings And Investments CashSavingsAndInvestments

FieldValueIRS element (for citing)
BOY359BOY
EOY1089EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY1000BOY
EOY1000EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY1359BOY
EOY2089EOY

Sum Of Total Liabilities SumOfTotalLiabilities

FieldValueIRS element (for citing)
BOY7572BOY
EOY17886EOY

Net Assets Or Fund Balances NetAssetsOrFundBalances

FieldValueIRS element (for citing)
BOY-6213BOY
EOY-15797EOY
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.PrimaryExemptPurpose

Program Service Accomplishment ProgramServiceAccomplishment

FieldValueIRS element (for citing)
Description Program Service 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.DescriptionProgramServiceAccom
Grants And Allocations6180GrantsAndAllocations
Program Service Expenses30144ProgramServiceExpenses
FieldValueIRS element (for citing)
Total Program Service Expenses30144TotalProgramServiceExpenses

Officer Director Trustee Key Empl OfficerDirectorTrusteeKeyEmpl (3 entries)

TitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensation
DR NUCCIO
PRESIDENT5.000
DANIEL O CISNEROS
VICE PRESIDENT5.000
DAVID CUOMO
SECRETARY5.000
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRpt
Made Changes To Orgnzng Etc DocfalseMadeChangesToOrgnzngEtcDoc
Organization Had UBIfalseOrganizationHadUBI
Subject To Proxy TaxfalseSubjectToProxyTax
Organization Dissolved EtcfalseOrganizationDissolvedEtc
Did Org File Form1120 POL This YearfalseDidOrgFileForm1120POLThisYear
Made Loans To From OfficerstrueMadeLoansToFromOfficers
Loans To From Officers17886LoansToFromOfficers
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTrans
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonD NUCCIONamePerson

Address US AddressUS

FieldValueIRS element (for citing)
Address Line16800 RIVERSIDE DRIVEAddressLine1
CityBERWYNCity
StateILState
ZIP Code60402ZIPCode
FieldValueIRS element (for citing)
Telephone Number7732916901TelephoneNumber
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccount
Foreign OfficefalseForeignOffice
Maintain Any Donor Advised FundsfalseMaintainAnyDonorAdvisedFunds
Does Org Have HospitalfalseDoesOrgHaveHospital
Tanning Services ProvidedfalseTanningServicesProvided
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transaction With Control EntityfalseTransactionWithControlEntity
Engage Political Cmpgn ActivitiesfalseEngagePoliticalCmpgnActivities
Engage In Lobbying ActivitiesfalseEngageInLobbyingActivities
Operating SchoolfalseOperatingSchool
Trnsfrs Exempt Non Char Related OrgfalseTrnsfrsExemptNonCharRelatedOrg
Part VI Of Comp Of Highest Paid EmplNONEPartVIOfCompOfHighestPaidEmpl
Part VIA Hghst Paid Cntrct Prof SerNONEPartVIAHghstPaidCntrctProfSer

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years52635CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years72730CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years28555CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year18700CurrentTaxYearMinus1Year
Current Tax Year20560CurrentTaxYear
Total193180Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years52635CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years72730CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years28555CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year18700CurrentTaxYearMinus1Year
Current Tax Year20560CurrentTaxYear
Total193180Total
FieldValueIRS element (for citing)
Amounts Subst Contributors Total150298AmountsSubstContributorsTotal
Public Support Total17042882PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Total0Total
FieldValueIRS element (for citing)
Total Support193180TotalSupport
Public Support Pertcentage1700.22200PublicSupportPertcentage170
Public Support Pertcent Prior Year0.32000PublicSupportPertcentPriorYear
Ten Percent Test Current YearXTenPercentTestCurrentYear
Public Support Total5090PublicSupportTotal509
Public Support Percentage5090PublicSupportPercentage509
Investment Income Percentage0InvestmentIncomePercentage
Facts And Circumstances TestPT II LINE 17A:;FactsAndCircumstancesTest

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule L IRS990ScheduleL

Loan Table LoanTable

FieldValueIRS element (for citing)
Name PersonD NUCCIONamePerson
Relationship With OrganizationPRESIDENTRelationshipWithOrganization
Purpose Of LoanCASH FLOWPurposeOfLoan
Loan To OrganizationXLoanToOrganization
Original Principal$2,332OriginalPrincipalAmount
Balance Due17886BalanceDue
DefaultfalseDefault
Approved By BoardtrueApprovedByBoard
Written AgreementtrueWrittenAgreement
FieldValueIRS element (for citing)
Total Balance Due17886TotalBalanceDue

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifierExplanationExplanation
Form 990EZ, Part I, Line 8SALE OF POSTER 10.
Form 990EZ, Part I, Line 10SCHOLARSHIP SCHOLARSHIP JEANETTE CARDONA 500. SCHOLARSHIP SCHOLARSHIP MIAMI UNIVERSITY RECIPIENT 925. SCHOLARSHIP SCHOLARSHIP UNIVERSITY OF CALIFORNIA RECIPIENT 925. SCHOLARSHIP GRANT M. REYES GRANTEE 6180.
Form 990EZ, Part I, Line 16ADVERTISING BANK CHARGES 197. ACCOUNTING FEES 623. CORPORATION FEES INSURANCE EXPENSE SUPPLIES EXPENSE 633. DONATION 50. EQUIPMENT RENTAL EXPENSE MOTOR VEHICLE EXPENSE 336. TRAVEL EXPENSE 10810. MEETINGS/EVENT EXPENSE 3232. INTEREST EXPENSE 1214.
Form 990EZ, Part II, Line 24FURNITURE 1000. 1000.
Form 990EZ, Part II, Line 26LOAN TO OFFICERS 7572. 17886.

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