Foundation For Latin America Culture And Arts Inc in Lexington, Kentucky (KY)

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Foundation For Latin America Culture And Arts Inc
Employer Identification Number (EIN)274265501
Name of OrganizationFoundation For Latin America Culture And Arts Inc
In Care of NameRosa Martin
Address373 Virginia Ave Suite 140, Lexington, KY 40504
SubsectionCharitable Organization
Ruling Date10/2011
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period2011
Assets$10,000 to $24,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$10,392
Amount of Income$64,931
Form 990 Revenue Amount$64,931
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose

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Amount of income in 2011: $64,931 (it was $64,931 in 2013)
Foundation For Latin America Culture And Arts Inc: 

Other organizations performing similar types of work: 


Assets in 2011: $10,392 (it was $10,392 in 2013)
This organization: 

Other organizations performing similar types of work: 


Expenses in 2013: $77,276
This organization: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2013: 0.8
Foundation For Latin America Culture And Arts Inc: 

Other organizations performing similar types of work: 


Grants share in income in 2013: 100.0%
Foundation For Latin America Culture And Arts Inc: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$69,455$64,931
Contributions, gifts, grants, and similar amounts received$59,250$64,931
Program service revenue including government fees and contracts$10,205$0
Membership dues and assessments$0$0
Investment income$0$0
Gain/Loss from sale of assets other than inventory$0$0
Net income/loss from gaming and fundraising events$0$0
Gross profit/loss from sales of inventory$0$0
Other revenue$0$0
Total expenses$65,254$77,276
Total net assets$22,737$10,392
Excess/Deficit for the year$4,201$-12,345
Net assets or fund balances at beginning of year$18,536$22,737
Other changes in net assets or fund balances$0$0
Net assets or fund balances at end of year$22,737$10,392
Balance Sheets
Total assets$22,737$10,392
Total liabilities$0$0
Net assets or fund balances$22,737$10,392
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0
Gross receipts for public use of club facilities$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$177,231
Gifts, grants, contributions, and membership fees received$172,231
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$0
Gross receipts from activities that are not an unrelated trade or business under section 513$0
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$5,000
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$186,887
Public support$177,231
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$9,656
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Womans Art Club Of Cincinnati Foundation6980 Cambridge Ave, Cincinnati, OH 45227-3362OH2007-03$122,085
2Lyric Theatre And Cultural Arts Center300 E Third St, Lexington, KY 40508-1945KY2011-03$506,525
3Noli Cdc Corporation804 N Limestone, Lexington, KY 40505-3521KY2014-09$434,597
4St Nicholas Family Clinic Foundation IncPO BOX 311, Paducah, KY 42002-0311KY1994-11$401,728
5Remix Education Inc348 E Main St, Lexington, KY 40507-1584KY2004-07$193,459
6Josephine Sculpture Park Inc3355 Lawrenceburg Rd, Frankfort, KY 40601-8932KY2010-04$72,501
7Foundation For Latin America Culture And Arts Inc373 Virginia Ave Suite 140, Lexington, KY 40504KY2011-10$64,931
8Hibernian Cultural And Charitable Association Inc5927 Dewitt Drive, Louisville, KY 40258KY2007-01$64,783
9Scott County Arts Consortium Inc, Scott County Arts & Cultural Center Scott County ArtworksPo Box 1126, Georgetown, KY 40324KY2015-03$57,935
10Artists Collaborative Theatre IncPo Box 964 207 North Patty Loveless Drive, Elkhorn City, KY 41522KY2001-10$57,237
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16Mountain Heritage Artisans Guild IncPo Box 124, Corbin, KY 40702KY2011-09$5,862
17Hickman Arts Council Inc113 North Washington, Clinton, KY 42031KY2008-01$2,437
18Louisville Creative Centre4157 Reservoir Ave, Louisville, KY 40213KY2009-02$2,100
19Malayali Association Of Louisville, Malou2201 Claymore Cir, Louisville, KY 40245-5874KY2013-11$2,001
20Elliott County Heritage Arts Network169 Dicks Branch Road, Isonville, KY 41149KY2011-09$243
Number of organizations performing similar types of work
District of Columbia74
North Carolina169
North Dakota14
New Hampshire25
New Jersey180
New Mexico70
New York667
Rhode Island33
South Carolina64
South Dakota17
West Virginia47
Total6,763 is not associated with, endorsed by, or sponsored by Foundation For Latin America Culture And Arts Inc and has no official or unofficial affiliation with Foundation For Latin America Culture And Arts Inc