Latino Museum History Art & Culture in Los Angeles, California (CA)

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Latino Museum History Art & Culture
Employer Identification Number (EIN)954259970
Name of OrganizationLatino Museum History Art & Culture
In Care of NameJ Arthur Greenfield & Co Llp
Address4545 E Cesar E Chavez Ave 2f, Los Angeles, CA 90022-1116
ActivitiesBoy Scouts, Girl Scouts, etc.
SubsectionCharitable Organization
Ruling Date02/1995
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Tax Period06/2011
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$1,542,086
Amount of Income$1,065,120
Form 990 Revenue Amount$316,052
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Museum, Museum Activities


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Amount of income in 2011: $1,065,120
Latino Museum History Art & Culture: 

 $1,065,120
Other organizations performing similar types of work: 

 $433,282

Assets in 2011: $1,542,086
Latino Museum History Art & Culture: 

 $1,542,086
Other organizations performing similar types of work: 

 $1,224,023

Expenses in 2011: $667,182
This organization: 

 $667,182
Other organizations performing similar types of work: 

 $338,913

Income to expenses ratio in 2011: 1.6
Latino Museum History Art & Culture: 

 1.6
Other organizations performing similar types of work: 

 1.5

Expenses allocated to program services in 2007: 41.3%
This organization: 

 41.3%
Other organizations performing similar types of work: 

 70.3%

Number of employees in 2007: 1
This organization: 

 1
Other organizations performing similar types of work: 

 9

Employees paid over $50,000 in 2007: 100.0%
Latino Museum History Art & Culture: 

 100.0%
Other organizations performing similar types of work: 

 11.1%

Grants share in income in 2011: 0.9%
Latino Museum History Art & Culture: 

 0.9%
Other organizations performing similar types of work: 

 70.6%

Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$316,052
Contributions, Gifts, Grants and Other Similar Amounts$2,862
Program Service Revenue$62,500
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$53,863
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$21,752
Gross amount from sales of assets other than inventory (Securities / Other)$770,820 / $0
Less: cost or other basis and sales expenses (Securities / Other)$749,068 / $0
Gain or (loss) (Securities / Other)$21,752 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$175,075
Statement of Functional Expenses (for 2011)
Total functional expenses$667,182
Compensation of current officers, directors, trustees, and key employees$70,200
Other salaries and wages$0
Payroll taxes$14,062
Professional fundraising services$0
Other$582,920
Balance Sheet (for 2011)
Total assets$1,542,086
Total liabilities$122,500
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$122,500
Total net assets or fund balances$1,419,586
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$720,519
Gifts, grants, contributions, and membership fees received$70,307
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$650,212
Gross receipts from related activities, etc.$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
200120022003200420062007
Total revenue$1,592,812$3,276,646$51,000$184,389$472,210$137,624
Contributions, gifts, grants, and similar amounts received$45,276$974,135$29,271$94,497$0$163,500
Contributions to donor advised funds$0$0
Direct public support$25,246$45,864$10,010$0$0$163,500
Indirect public support$0$0$0$0$0$0
Government contributions (grants)$20,030$928,271$19,261$94,497$0$0
Program service revenue including government fees and contracts$0$0$0$0$27,500$0
Membership dues and assessments$0$0$0$0$0$0
Interest on savings and temporary cash investments$1,158$26,590$18,019$111,484$97,020$103,080
Dividends and interest from securities$0$0$3,710$41,322$110,618$90,040
Net rental income or (loss)$42,342$0$0$0$0$0
Gross rents$42,342$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$1,503,897$2,269,975$0$-62,914$92,343$107,235
Gross amount from sales of assets other than inventory$2,935,950$2,589,050$0$2,783,861$5,287,983$5,471,772
Less: cost or other basis and sales expenses$1,432,053$319,075$0$2,846,775$5,195,640$5,364,537
Net income or (loss) from special events and activities$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$139$5,946$0$0$0$0
Gross sales of inventory, less returns and allowances$139$6,323$0$0$0$0
Less: cost of goods sold$0$377$0$0$0$0
Other revenue$0$0$0$0$144,729$-326,231
Total expenses$569,010$1,004,755$407,230$272,233$418,550$559,418
Program services$478,213$787,256$244,426$59,130$68,035$231,253
Management and general$90,797$217,499$162,804$210,135$350,515$328,165
Fundraising$0$0$0$2,968$0$0
Payments to affiliates$0$0$0$0$0$0
Net assets or fund balances at end of year$2,051,543$4,125,569$3,799,339$3,726,523$3,459,837$3,034,761
Excess or (deficit) for the year$1,023,802$2,271,891$-356,230$-87,844$53,660$-421,794
Net assets or fund balances at beginning of year$998,819$2,051,543$4,125,569$3,799,339$3,406,177$3,459,837
Other changes in net assets or fund balances$28,922$-197,865$30,000$15,025$0$-3,282
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$559,418$231,253$328,165$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$64,423$0$64,423$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$4,975$0$4,975$0
Professional fundraising fees$0$0$0$0
Accounting fees$14,550$0$14,550$0
Legal fees$26,298$0$26,298$0
Supplies$1,154$0$1,154$0
Telephone$3,746$0$3,746$0
Postage and shipping$328$0$328$0
Occupancy$48,737$0$48,737$0
Equipment rental and maintenance$94,466$0$94,466$0
Printing and publications$45$0$45$0
Travel$0$0$0$0
Conferences, conventions, and meetings$2,437$0$2,437$0
Interest$9,739$0$9,739$0
Depreciation, depletion, etc.$40,043$39,884$159$0
Other expenses not covered above$248,477$191,369$57,108$0
Balance Sheets
200120022003200420062007
Total assets$2,366,551$4,438,583$4,058,031$3,973,157$3,794,429$3,368,573
Cash - non-interest-bearing$1,951,636$3,350,718$307,779$223,804$49,620$61,568
Savings and temporary cash investments$0$0$526,557$782,616$239,085$311,258
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$6,000
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0
Grants receivable$0$637,704$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$7,824$7,824$0$0$0
Investments - publicly-traded securities$3,323,994$2,850,560
Investments - other securities$0$0$2,827,334$2,595,642$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$163,469$122,144$0$0
Investments - other$0$126,365$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$164,793$0$126,365$0$176,001$126,458
Other assets, including program-related investments$250,122$315,972$98,703$248,951$5,729$12,729
Total liabilities$315,008$313,014$258,692$246,634$334,592$333,812
Accounts payable and accrued expenses$15,008$13,014$7,995$7,622$6,202$10,312
Grants payable$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0
Mortgages and other notes payable$300,000$0$247,333$235,804$328,390$323,500
Other liabilities$0$300,000$3,364$3,207$0$0
Total liabilities and net assets/fund balances$2,366,551$4,438,583$4,058,031$3,973,157$3,794,429$3,368,573
Total net assets or fund balances$2,051,543$4,125,569$3,799,339$3,726,523$3,459,837$3,034,761
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200120022003200420062007
Total revenue$0$3,276,646$51,000$184,389$472,210$0
Total revenue, gains, and other support per audited financial statements$0$3,277,023$76,916$172,969$472,210$0
Other expenses$0$377$26,088$-11,420$0$0
Net unrealized gains on investments$0$0$0$-14,543$0$0
Donated services and use of facilities$0$0$26,088$3,123$0$0
Recoveries of prior year grants$0$0$0$0$0$0
Other$0$377$0$0$0$0
Other revenue$0$0$172$0$0$0
Investment expenses$0$0$0$0$0$0
Other$0$0$172$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200120022003200420062007
Total expenses$0$1,004,755$407,230$272,233$418,550$0
Total expenses and losses per audited financial statements$0$1,004,958$433,320$275,356$418,550$0
Other revenue$0$377$26,088$3,123$0$0
Donated services and use of facilities$0$0$26,088$3,123$0$0
Prior year adjustments$0$0$0$0$0$0
Losses$0$0$0$0$0$0
Other$0$377$0$0$0$0
Other expenses$0$174$-2$0$0$0
Investment expenses$0$0$0$0$0$0
Other$0$174$-2$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings4
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20061
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$-25,876$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$103,080$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$90,040$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$107,235$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-326,231$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$64,423$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
200020012002200320052006
Total$97,439$88,915$1,006,671$51,000$138,443$209,881
Gifts, grants, and contributions received$91,856$45,276$974,135$29,271$901$2,242
Membership fees received$585$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$4,157$139$5,946$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$841$43,500$26,590$21,729$137,542$207,639
Net income from unrelated business activities not included above$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0
Other income$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Smith Museum Of Stained Glass Windows And American Art20 N Wacker Drive, Chicago, IL 60606-2806IL1994-05$838,665
2The Museum Of The African Diaspora685 Mission St, San Francisco, CA 94105-4126CA2000-02$2,274,413
3San Francisco Maritime National Park AssociationPO BOX 470310, San Francisco, CA 94147-0310CA1952-01$2,246,123
4Powerhouse Science Center3615 Auburn Blvd, Sacramento, CA 95821-2007CA1995-01$2,006,185
5San Diego Hall Of Champions Inc2131 Pan American Plz, San Diego, CA 92101-1683CA1962-11$1,846,973
6San Jose Museum Of Quilts & Textiles520 S 1st St, San Jose, CA 95113-2806CA1991-09$1,248,420
7San Diego Model Railroad Museum Inc Robert Mcbane1649 El Prado, San Diego, CA 92101-1662CA1982-12$639,276
8San Diego Automotive Museum Inc2080 Pan American Plz, San Diego, CA 92101-1636CA1987-09$627,657
9Magnes Museum Foundation2121 Allston Way, Berkeley, CA 94720-6001CA1964-01$401,208
10San Diego Chinese Historical Society And Museum404 3rd Ave, San Diego, CA 92101-6803CA1991-03$366,614
11Sunhouse Guild AssociationPO BOX 865, Ukiah, CA 95482-0865CA1979-04$298,667
12San Francisco Bay Area Sports Hall Of Fame Inc465 California Street Suite 806, San Francisco, CA 94104CA1980-01$282,479
13Sierra Mono Museum33103 Road 228, North Fork, CA 93643-9442CA1970-11$63,239
14Truckee Donner Railroad SocietyPO BOX 3838, Truckee, CA 96160-3838CA2008-01$44,697
15Santa Maria Museum Of Flight Inc3015 Airpark Dr, Santa Maria, CA 93455-1821CA1985-10$42,185
16Museum Of African American Art4005 Crenshaw Blvd 3rd Floor Macys, Los Angeles, CA 90008CA1976-12$0
17Panorama Italiano2111 Hyde St 718, San Francisco, CA 94109-1719CA1987-09$0
18Vietnamese Cultural Heritage Foundation780 S 1st St, San Jose, CA 95113-2812CA1997-01$0
19World Boxing Hall Of Fame Inc2722 Doubletree Lane, Rowland Heights, CA 91748CA1982-08$0
20World Tea Organization, None None5776 Stoneridge Mall Rd Suite 288, Pleasanton, CA 94588CA2008-04$0
Number of organizations performing similar types of work
Alaska2
Alabama2
Arkansas6
Arizona11
California72
Colorado12
Connecticut16
District of Columbia3
Delaware3
Florida25
Georgia11
Hawaii10
Iowa15
Idaho4
Illinois33
Indiana16
Kansas18
Kentucky9
Louisiana6
Massachusetts17
Maryland13
Maine13
Michigan18
Minnesota7
Missouri14
Mississippi3
Montana3
North Carolina12
North Dakota3
Nebraska2
New Hampshire8
New Jersey14
New Mexico10
Nevada2
New York48
Ohio33
Oklahoma14
Oregon7
Pennsylvania20
Rhode Island2
South Carolina5
South Dakota7
Tennessee13
Texas39
Utah2
Virginia13
Vermont5
Washington13
Wisconsin12
West Virginia2
Wyoming2
International1
Total651

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