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    <Timestamp>2011-09-30T07:32:14-07:00</Timestamp>
    <TaxPeriodEndDate>2010-12-31</TaxPeriodEndDate>
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        <BusinessNameLine1>ADVANCED ACCOUNTING SERVICES</BusinessNameLine1>
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        <AddressLine1>3114 S OAK PARK AVENUE</AddressLine1>
        <City>BERWYN</City>
        <State>IL</State>
        <ZIPCode>60402</ZIPCode>
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    </PreparerFirm>
    <ReturnType>990EZ</ReturnType>
    <TaxPeriodBeginDate>2010-01-01</TaxPeriodBeginDate>
    <Filer>
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      <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>
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    </Filer>
    <Officer>
      <Name>DON NUCCIO</Name>
      <Title>PRESIDENT</Title>
      <Phone>7732916901</Phone>
      <DateSigned>2011-09-23</DateSigned>
    </Officer>
    <Preparer>
      <Name>VASANTHI SEERAS</Name>
      <Phone>7087882038</Phone>
      <DatePrepared>2011-09-30</DatePrepared>
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    <TaxYear>2010</TaxYear>
    <BuildTS>2016-03-07 17:11:31Z</BuildTS>
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      <GrantsAndSimilarAmountsPaid>7268</GrantsAndSimilarAmountsPaid>
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      <PrintingPublicationsPostage>262</PrintingPublicationsPostage>
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        <EOY>1000</EOY>
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        <EOY>1775</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>
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        <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>
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        <PersonName>DR NUCCIO</PersonName>
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          <AddressLine1>6800 RIVERSIDE DRIVE</AddressLine1>
          <City>BERWYN</City>
          <State>IL</State>
          <ZIPCode>60402</ZIPCode>
        </AddressUS>
        <Title>PRESIDENT</Title>
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      <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>
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        <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>
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          <AddressLine1>6800 RIVERSIDE DRIVE</AddressLine1>
          <City>BERWYN</City>
          <State>IL</State>
          <ZIPCode>60402</ZIPCode>
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        <TelephoneNumber>7732916901</TelephoneNumber>
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      <ForeignOffice>false</ForeignOffice>
      <MaintainAnyDonorAdvisedFunds>false</MaintainAnyDonorAdvisedFunds>
      <DoesOrgHaveHospital>false</DoesOrgHaveHospital>
      <TanningServicesProvided>false</TanningServicesProvided>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
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        <CurrentTaxYearMinus3Years>403</CurrentTaxYearMinus3Years>
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      <GeneralExplanation>
        <Identifier>Form 990EZ, Part I, Line 10</Identifier>
        <Explanation>GRANT GRANT MIRINA BELTRAN 225. GRANT GRANT JESUS DEHORTA 875. GRANT GRANT M. REYES 6168.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990EZ, Part I, Line 16</Identifier>
        <Explanation>DEPRECIATION 5105. ADVERTISING 680. BANK CHARGES 566. ACCOUNTING FEES 715. CORPORATION FEES 301. INSURANCE EXPENSE 1074. SUPPLIES EXPENSE 1271. TELEPHONE EXPENSE 4809. EQUIPMENT RENTAL EXPENSE 287. MOTOR VEHICLE EXPENSE 1559. TRAVEL EXPENSE 11025. MEETINGS/EVENT EXPENSE 6960. INTEREST EXPENSE 8.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990EZ, Part II, Line 24</Identifier>
        <Explanation>FURNITURE 1500. 1000. AUTOMOBILE 4605. 0.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990EZ, Part II, Line 26</Identifier>
        <Explanation>INTEREST PAYABLE 113. 0. LOAN TO OFFICERS 2332. 4977.</Explanation>
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