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    <Timestamp>2012-10-02T11:41:45-07:00</Timestamp>
    <TaxPeriodEndDate>2011-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>ADVANCED ACCOUNTING SERVICES</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>3114 OAK PARK AVE</AddressLine1>
        <City>BERWYN</City>
        <State>IL</State>
        <ZIPCode>60402</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990EZ</ReturnType>
    <TaxPeriodBeginDate>2011-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>364235183</EIN>
      <Name>
        <BusinessNameLine1>LATINO ART BEAT INC</BusinessNameLine1>
      </Name>
      <NameControl>LATI</NameControl>
      <Phone>7732916901</Phone>
      <USAddress>
        <AddressLine1>P O BOX 87458</AddressLine1>
        <City>CHICAGO</City>
        <State>IL</State>
        <ZIPCode>60680</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>DON NUCCIO</Name>
      <Title>PRESIDENT</Title>
      <Phone>7732916901</Phone>
      <DateSigned>2012-09-25</DateSigned>
    </Officer>
    <Preparer>
      <Name>VASANTHI SEERAS</Name>
      <Phone>7087882038</Phone>
      <DatePrepared>2012-10-02</DatePrepared>
    </Preparer>
    <TaxYear>2011</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
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      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <WebSite>N/A</WebSite>
      <Organization501c3 referenceDocumentId="00000002" referenceDocumentName="IRS990ScheduleA">X</Organization501c3>
      <GrossReceipts>18700</GrossReceipts>
      <InfoInScheduleOPartI>X</InfoInScheduleOPartI>
      <ContributionsGiftsGrantsEtc>18700</ContributionsGiftsGrantsEtc>
      <ProgramServiceRevenue>0</ProgramServiceRevenue>
      <MembershipDues>0</MembershipDues>
      <InvestmentIncome>0</InvestmentIncome>
      <CostOtherBasisAndSalesExpenses>0</CostOtherBasisAndSalesExpenses>
      <GainOrLossFromSaleOfAssets>0</GainOrLossFromSaleOfAssets>
      <GamingGrossIncome>0</GamingGrossIncome>
      <FundraisingGrossIncome>0</FundraisingGrossIncome>
      <SpecialEventsDirectExpenses>0</SpecialEventsDirectExpenses>
      <SpecialEventsNetIncomeLoss>0</SpecialEventsNetIncomeLoss>
      <CostOfGoodsSold>0</CostOfGoodsSold>
      <GroProfitLossSalesOfInventory>0</GroProfitLossSalesOfInventory>
      <TotalRevenue>18700</TotalRevenue>
      <GrantsAndSimilarAmountsPaid>5286</GrantsAndSimilarAmountsPaid>
      <OccupancyRentUtilitiesAndMaint>2437</OccupancyRentUtilitiesAndMaint>
      <PrintingPublicationsPostage>960</PrintingPublicationsPostage>
      <OtherExpensesTotal>13028</OtherExpensesTotal>
      <TotalExpenses>21711</TotalExpenses>
      <ExcessOrDeficitForYear>-3011</ExcessOrDeficitForYear>
      <NetAssetsOrFundBalancesBOY>-3202</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>-6213</NetAssetsOrFundBalancesEOY>
      <InfoInScheduleOPartII>X</InfoInScheduleOPartII>
      <CashSavingsAndInvestments>
        <BOY>775</BOY>
        <EOY>359</EOY>
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      <OtherAssetsTotal>
        <BOY>1000</BOY>
        <EOY>1000</EOY>
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      <TotalAssets>
        <BOY>1775</BOY>
        <EOY>1359</EOY>
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      <SumOfTotalLiabilities>
        <BOY>4977</BOY>
        <EOY>7572</EOY>
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      <NetAssetsOrFundBalances>
        <BOY>-3202</BOY>
        <EOY>-6213</EOY>
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      <PrimaryExemptPurpose>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 &amp;/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 &amp;/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>
      <ProgramServiceAccomplishment>
        <DescriptionProgramServiceAccom>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 &amp;/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 &amp;/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>
        <GrantsAndAllocations>5286</GrantsAndAllocations>
        <ProgramServiceExpenses>21710</ProgramServiceExpenses>
      </ProgramServiceAccomplishment>
      <TotalProgramServiceExpenses>21710</TotalProgramServiceExpenses>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>DR NUCCIO</PersonName>
        <AddressUS>
          <AddressLine1>6800 RIVERSIDE DRIVE</AddressLine1>
          <City>BERWYN</City>
          <State>IL</State>
          <ZIPCode>60402</ZIPCode>
        </AddressUS>
        <Title>PRESIDENT</Title>
        <AvgHoursPerWkDevotedToPosition>5.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>DANIEL O CISNEROS</PersonName>
        <AddressUS>
          <AddressLine1>2019 S CALIFORNIA AVENUE</AddressLine1>
          <City>CHICAGO</City>
          <State>IL</State>
          <ZIPCode>60680</ZIPCode>
        </AddressUS>
        <Title>VICE PRESIDENT</Title>
        <AvgHoursPerWkDevotedToPosition>5.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <OfficerDirectorTrusteeKeyEmpl>
        <PersonName>DAVID CUOMO</PersonName>
        <AddressUS>
          <AddressLine1>3343 HALSTED STREET</AddressLine1>
          <City>CHICAGO</City>
          <State>IL</State>
          <ZIPCode>60608</ZIPCode>
        </AddressUS>
        <Title>SECRETARY</Title>
        <AvgHoursPerWkDevotedToPosition>5.00</AvgHoursPerWkDevotedToPosition>
        <Compensation>0</Compensation>
      </OfficerDirectorTrusteeKeyEmpl>
      <ActivitiesNotPreviouslyRpt>false</ActivitiesNotPreviouslyRpt>
      <MadeChangesToOrgnzngEtcDoc>false</MadeChangesToOrgnzngEtcDoc>
      <OrganizationHadUBI>false</OrganizationHadUBI>
      <SubjectToProxyTax referenceDocumentName="IRS990ScheduleC">false</SubjectToProxyTax>
      <OrganizationDissolvedEtc referenceDocumentName="IRS990ScheduleN BinaryAttachment">false</OrganizationDissolvedEtc>
      <DidOrgFileForm1120POLThisYear>false</DidOrgFileForm1120POLThisYear>
      <MadeLoansToFromOfficers>true</MadeLoansToFromOfficers>
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      <EngagedInExcessBenefitTrans>false</EngagedInExcessBenefitTrans>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TheBooksAreInCareOf>
        <NamePerson>D NUCCIO</NamePerson>
        <AddressUS>
          <AddressLine1>6800 RIVERSIDE DRIVE</AddressLine1>
          <City>BERWYN</City>
          <State>IL</State>
          <ZIPCode>60402</ZIPCode>
        </AddressUS>
        <TelephoneNumber>7732916901</TelephoneNumber>
      </TheBooksAreInCareOf>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ForeignOffice>false</ForeignOffice>
      <MaintainAnyDonorAdvisedFunds>false</MaintainAnyDonorAdvisedFunds>
      <DoesOrgHaveHospital>false</DoesOrgHaveHospital>
      <TanningServicesProvided>false</TanningServicesProvided>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransactionWithControlEntity>false</TransactionWithControlEntity>
      <EngagePoliticalCmpgnActivities>false</EngagePoliticalCmpgnActivities>
      <EngageInLobbyingActivities>false</EngageInLobbyingActivities>
      <OperatingSchool>false</OperatingSchool>
      <TrnsfrsExemptNonCharRelatedOrg>false</TrnsfrsExemptNonCharRelatedOrg>
      <PartVIOfCompOfHighestPaidEmpl>NONE</PartVIOfCompOfHighestPaidEmpl>
      <PartVIAHghstPaidCntrctProfSer>NONE</PartVIAHghstPaidCntrctProfSer>
    </IRS990EZ>
    <IRS990ScheduleA documentId="00000002" softwareId="11000175">
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        <CurrentTaxYearMinus3Years>52635</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>72730</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>28555</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>18700</CurrentTaxYear>
        <Total>198680</Total>
      </GiftsGrantsContribReceived170>
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        <CurrentTaxYearMinus4Years>26060</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>52635</CurrentTaxYearMinus3Years>
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        <CurrentTaxYearMinus1Year>28555</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>18700</CurrentTaxYear>
        <Total>198680</Total>
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      <AmountsSubstContributorsTotal>134970</AmountsSubstContributorsTotal>
      <PublicSupportTotal170>63710</PublicSupportTotal170>
      <GrossInvestmentIncome170>
        <CurrentTaxYearMinus4Years>403</CurrentTaxYearMinus4Years>
        <Total>403</Total>
      </GrossInvestmentIncome170>
      <TotalSupport>199083</TotalSupport>
      <PublicSupportPertcentage170>0.32000</PublicSupportPertcentage170>
      <PublicSupportPertcentPriorYear>0.36120</PublicSupportPertcentPriorYear>
      <ThirtyThreePercntTestsPY170>X</ThirtyThreePercntTestsPY170>
      <PublicSupportTotal509>0</PublicSupportTotal509>
      <PublicSupportPercentage509>0</PublicSupportPercentage509>
      <InvestmentIncomePercentage>0</InvestmentIncomePercentage>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="00000003">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
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        <AggregateContributions>RESTRICTED</AggregateContributions>
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      <LoanTable>
        <NamePerson>D NUCCIO</NamePerson>
        <PurposeOfLoan>CASH FLOW</PurposeOfLoan>
        <LoanFromOrganization>X</LoanFromOrganization>
        <OriginalPrincipalAmount>2332</OriginalPrincipalAmount>
        <BalanceDue>7572</BalanceDue>
        <Default>false</Default>
        <ApprovedByBoard>true</ApprovedByBoard>
        <WrittenAgreement>true</WrittenAgreement>
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      <TotalBalanceDue>7572</TotalBalanceDue>
    </IRS990ScheduleL>
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      <GeneralExplanation>
        <Identifier>Form 990EZ, Part I, Line 10</Identifier>
        <Explanation>GRANT GRANT M. REYES 5286.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990EZ, Part I, Line 16</Identifier>
        <Explanation>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.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990EZ, Part II, Line 24</Identifier>
        <Explanation>FURNITURE 1000. 1000.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990EZ, Part II, Line 26</Identifier>
        <Explanation>LOAN TO OFFICERS 4977. 7572.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
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