LATINO ART BEAT INC: Form 990EZ, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- LATINO ART BEAT INC (EIN 36-4235183)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-10-02
- IRS object ID
- 201242769349200509
- Schema version
- 2011v1.2
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-10-02T11:41:45-07:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ADVANCED ACCOUNTING SERVICES | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3114 OAK PARK AVE | AddressLine1 |
| City | BERWYN | City |
| State | IL | State |
| ZIP Code | 60402 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 364235183 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LATINO ART BEAT INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | LATI | NameControl |
| Phone | 7732916901 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | P O BOX 87458 | AddressLine1 |
| City | CHICAGO | City |
| State | IL | State |
| ZIP Code | 60680 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DON NUCCIO | Name |
| Title | PRESIDENT | Title |
| Phone | 7732916901 | Phone |
| Date Signed | 2012-09-25 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | VASANTHI SEERAS | Name |
| Phone | 7087882038 | Phone |
| Date Prepared | 2012-10-02 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Cash | X | MethodOfAccountingCash |
| Web Site | N/A | WebSite |
| Organization501c3 | X | Organization501c3 |
| Gross Receipts | 18700 | GrossReceipts |
| Info In Schedule O Part I | X | InfoInScheduleOPartI |
| Contributions Gifts Grants Etc | 18700 | ContributionsGiftsGrantsEtc |
| Program Service Revenue | 0 | ProgramServiceRevenue |
| Membership Dues | 0 | MembershipDues |
| Investment Income | 0 | InvestmentIncome |
| Cost Other Basis And Sales Expenses | 0 | CostOtherBasisAndSalesExpenses |
| Gain Or Loss From Sale Of Assets | 0 | GainOrLossFromSaleOfAssets |
| Gaming Gross Income | 0 | GamingGrossIncome |
| Fundraising Gross Income | 0 | FundraisingGrossIncome |
| Special Events Direct Expenses | 0 | SpecialEventsDirectExpenses |
| Special Events Net Income Loss | 0 | SpecialEventsNetIncomeLoss |
| Cost Of Goods Sold | 0 | CostOfGoodsSold |
| Gro Profit Loss Sales Of Inventory | 0 | GroProfitLossSalesOfInventory |
| Total Revenue | 18700 | TotalRevenue |
| Grants And Similar Amounts Paid | 5286 | GrantsAndSimilarAmountsPaid |
| Occupancy Rent Utilities And Maint | 2437 | OccupancyRentUtilitiesAndMaint |
| Printing Publications Postage | 960 | PrintingPublicationsPostage |
| Other Expenses Total | 13028 | OtherExpensesTotal |
| Total Expenses | 21711 | TotalExpenses |
| Excess Or Deficit For Year | -3011 | ExcessOrDeficitForYear |
| Net Assets Or Fund Balances BOY | -3202 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | -6213 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part II | X | InfoInScheduleOPartII |
Cash Savings And Investments CashSavingsAndInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 775 | BOY |
| EOY | 359 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1000 | BOY |
| EOY | 1000 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1775 | BOY |
| EOY | 1359 | EOY |
Sum Of Total Liabilities SumOfTotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4977 | BOY |
| EOY | 7572 | EOY |
Net Assets Or Fund Balances NetAssetsOrFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -3202 | BOY |
| EOY | -6213 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Exempt Purpose | LAB 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Program Service Accom | LAB 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 Allocations | 5286 | GrantsAndAllocations |
| Program Service Expenses | 21710 | ProgramServiceExpenses |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | 21710 | TotalProgramServiceExpenses |
Officer Director Trustee Key Empl OfficerDirectorTrusteeKeyEmpl (3 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | TitleTitle | Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition | CompensationCompensation |
|---|---|---|---|---|---|---|
| DR NUCCIO | ||||||
| 6800 RIVERSIDE DRIVE | BERWYN | IL | 60402 | PRESIDENT | 5.00 | 0 |
| DANIEL O CISNEROS | ||||||
| 2019 S CALIFORNIA AVENUE | CHICAGO | IL | 60680 | VICE PRESIDENT | 5.00 | 0 |
| DAVID CUOMO | ||||||
| 3343 HALSTED STREET | CHICAGO | IL | 60608 | SECRETARY | 5.00 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRpt |
| Made Changes To Orgnzng Etc Doc | false | MadeChangesToOrgnzngEtcDoc |
| Organization Had UBI | false | OrganizationHadUBI |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Organization Dissolved Etc | false | OrganizationDissolvedEtc |
| Did Org File Form1120 POL This Year | false | DidOrgFileForm1120POLThisYear |
| Made Loans To From Officers | true | MadeLoansToFromOfficers |
| Loans To From Officers | 7572 | LoansToFromOfficers |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTrans |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | D NUCCIO | NamePerson |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6800 RIVERSIDE DRIVE | AddressLine1 |
| City | BERWYN | City |
| State | IL | State |
| ZIP Code | 60402 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 7732916901 | TelephoneNumber |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | false | ForeignFinancialAccount |
| Foreign Office | false | ForeignOffice |
| Maintain Any Donor Advised Funds | false | MaintainAnyDonorAdvisedFunds |
| Does Org Have Hospital | false | DoesOrgHaveHospital |
| Tanning Services Provided | false | TanningServicesProvided |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction With Control Entity | false | TransactionWithControlEntity |
| Engage Political Cmpgn Activities | false | EngagePoliticalCmpgnActivities |
| Engage In Lobbying Activities | false | EngageInLobbyingActivities |
| Operating School | false | OperatingSchool |
| Trnsfrs Exempt Non Char Related Org | false | TrnsfrsExemptNonCharRelatedOrg |
| Part VI Of Comp Of Highest Paid Empl | NONE | PartVIOfCompOfHighestPaidEmpl |
| Part VIA Hghst Paid Cntrct Prof Ser | NONE | PartVIAHghstPaidCntrctProfSer |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 26060 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 52635 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 72730 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 28555 | CurrentTaxYearMinus1Year |
| Current Tax Year | 18700 | CurrentTaxYear |
| Total | 198680 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 26060 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 52635 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 72730 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 28555 | CurrentTaxYearMinus1Year |
| Current Tax Year | 18700 | CurrentTaxYear |
| Total | 198680 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 134970 | AmountsSubstContributorsTotal |
| Public Support Total170 | 63710 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 403 | CurrentTaxYearMinus4Years |
| Total | 403 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 199083 | TotalSupport |
| Public Support Pertcentage170 | 0.32000 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.36120 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests PY170 | X | ThirtyThreePercntTestsPY170 |
| Public Support Total509 | 0 | PublicSupportTotal509 |
| Public Support Percentage509 | 0 | PublicSupportPercentage509 |
| Investment Income Percentage | 0 | InvestmentIncomePercentage |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule L IRS990ScheduleL
Loan Table LoanTable
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | D NUCCIO | NamePerson |
| Purpose Of Loan | CASH FLOW | PurposeOfLoan |
| Loan From Organization | X | LoanFromOrganization |
| Original Principal | $2,332 | OriginalPrincipalAmount |
| Balance Due | 7572 | BalanceDue |
| Default | false | Default |
| Approved By Board | true | ApprovedByBoard |
| Written Agreement | true | WrittenAgreement |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 7572 | TotalBalanceDue |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (4 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990EZ, Part I, Line 10 | GRANT GRANT M. REYES 5286. |
| Form 990EZ, Part I, Line 16 | ADVERTISING BANK CHARGES 304. ACCOUNTING FEES 715. CORPORATION FEES 175. INSURANCE EXPENSE 460. SUPPLIES EXPENSE 790. TELEPHONE EXPENSE 2785. EQUIPMENT RENTAL EXPENSE MOTOR VEHICLE EXPENSE 248. TRAVEL EXPENSE 1491. MEETINGS/EVENT EXPENSE 5473. INTEREST EXPENSE 587. |
| Form 990EZ, Part II, Line 24 | FURNITURE 1000. 1000. |
| Form 990EZ, Part II, Line 26 | LOAN TO OFFICERS 4977. 7572. |
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