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Nonprofiteer
← PLAZA DE LA RAZA INC

Form 990 for tax year 2024

Filed by PLAZA DE LA RAZA INC.

Totals

Total revenue
$4,529,101
Total expenses
$1,437,393
Contributions and grants received
$3,831,048
Grants paid
$0
Program service revenue
$570,909
Investment income
$115,826
Other revenue
$11,318
Total assets, end of year
$5,481,286
Total liabilities, end of year
$818,556
Net assets or fund balances, end of year
$4,662,730
Program services expenses (Part IX)
$1,077,785
Management and general expenses
$305,094
Fundraising expenses
$54,514
Program service expenses (Part III)
$1,077,785

Program services were 75.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $3,346,871

  • 1f · All other contributions, gifts and grants

    $484,177

  • 2a · Program service revenue: RENTAL INCOME

    total $340,327 · excluded $340,327

  • 2b · Program service revenue: CLASSES

    total $128,764 · related or exempt $128,764

  • 2c · Program service revenue: OTHER PROGRAM SERVICE REVENUE

    total $101,818 · related or exempt $101,818

  • 3 · Investment income

    total $83,747 · related or exempt $83,747

  • 7a · Gross sales of assets other than inventory

    securities $1,265,317 · other assets $7,000

  • 7b · Less cost or other basis and sales expenses

    securities $1,240,238 · other assets $0

  • 7c · Gain or loss

    securities $25,079 · other assets $7,000

  • 7d · Net gain or loss

    total $32,079 · related or exempt $32,079

  • 8a · Fundraising events: gross income

    $86,978

  • 8b · Fundraising events: direct expenses

    $75,660

  • 8c · Net income from fundraising events

    total $11,318 · excluded $11,318

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $129,599 · program services $96,702 · management and general $26,451 · fundraising $6,446

  • 7 · Other salaries and wages

    total $291,375 · program services $217,414 · management and general $59,469 · fundraising $14,492

  • 9 · Other employee benefits

    total $31,568 · program services $22,653 · management and general $7,168 · fundraising $1,747

  • 10 · Payroll taxes

    total $31,642 · program services $23,610 · management and general $6,458 · fundraising $1,574

  • 11c · Fees: accounting

    total $28,142 · program services $12,356 · management and general $15,786

  • 11f · Fees: investment management

    total $23,179 · program services $10,177 · management and general $13,002

  • 11g · Fees: other

    total $578,135 · program services $550,075 · fundraising $28,060

  • 12 · Advertising and promotion

    total $1,493 · program services $1,493

  • 13 · Office expenses

    total $60,579 · program services $27,984 · management and general $32,595

  • 16 · Occupancy

    total $19,181 · program services $9,434 · management and general $9,747

  • 19 · Conferences, conventions and meetings

    total $4,501 · management and general $4,501

  • 22 · Depreciation, depletion and amortization

    total $35,075 · program services $22,868 · management and general $12,207

  • 23 · Insurance

    total $33,277 · management and general $33,277

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $59,799 · program services $25,115 · management and general $34,684

  • 24b · Other expenses: OPERATING SUPPLIES

    total $46,549 · program services $29,374 · management and general $15,458 · fundraising $1,717

  • 24c · Other expenses: PRINTING

    total $21,377 · program services $11,496 · management and general $9,881

  • 24d · Other expenses: LICENSES AND PERMITS

    total $14,043 · program services $6,750 · management and general $7,293

  • 24e · All other expenses

    total $27,879 · program services $10,284 · management and general $17,117 · fundraising $478

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,028,400 · end of year $862,744

  • 2 · Savings and temporary cash investments

    beginning of year $7,576 · end of year $56,621

  • 4 · Accounts receivable

    beginning of year $106,148 · end of year $661,896

  • 9 · Prepaid expenses and deferred charges

    beginning of year $717 · end of year $29,224

  • 10a · Land, buildings and equipment: cost or other basis

    $3,082,367

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,804,251

  • 10c · Land, buildings and equipment, net

    beginning of year $286,141 · end of year $278,116

  • 12 · Investments: other securities

    beginning of year $513,722 · end of year $3,571,874

  • 15 · Other assets

    beginning of year $20,811 · end of year $20,811

  • 17 · Accounts payable and accrued expenses

    beginning of year $138,856 · end of year $146,482

  • 19 · Deferred revenue

    beginning of year $306,016 · end of year $672,074

  • 27 · Net assets without donor restrictions

    beginning of year $1,159,639 · end of year $1,303,726

  • 28 · Net assets with donor restrictions

    beginning of year $359,004 · end of year $3,359,004

Mission and programs · 2024

Mission

PLAZA DE LA RAZA IS A PRIVATE NON-PROFIT ORGANIZATION THAT PROVIDES YEAR ROUND PROGRAMS IN ARTS EDUCATION AND SERVES AS AN ARTS CENTER AND SCHOOL OF PERFORMING AND VISUAL ARTS.PLAZA'S ARTISTIC PROGRAMMING FOSTERS THE ENRICHMENT OF ALL CULTURES. THROUGH THE ARTS, PLAZA PROVIDES A VITAL HUMAN RESOURCE SERVICE BRIDGING THE GEOGRAPHIC, SOCIAL, ARTISTIC AND CULTURALL BOUNDARIES OF LOS ANGELES AND BEYOND.

Activities or mission (Part I)

PLAZA DE LA RAZA IS A PRIVATE NON-PROFIT ORGANIZATION THAT PROVIDES YEAR ROUND PROGRAMS IN ARTS EDUCATION AND SERVES AS AN ARTS CENTER AND SCHOOL OF PERFORMING AND VISUAL ARTS.

  • PLAZA DE LA RAZA HAS PROVIDED FREE AND AFFORDABLE AFTER-SCHOOL AND YEAR-ROUND PROGRAMS IN ARTS EDUCATION TO NEARLY 25,000 YOUTH ON AN ANNUAL BASIS.PLAZA DE LA RAZA SERVES AS AN ARTS CENTER, AS A SCHOOL OF PERFORMING AND VISUAL ARTS. OFFERING HUNDREDS OF CLASSES IN THEATRE, DANCE, MUSIC AND THE VISUAL ARTS TO CHILDREN, TEENS, AND ADULTS.

    Expenses $1,077,785 · Revenue $346,408

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Armando G Ramirez

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    26
  • Frank Romero

    VICE CHAIRMAN

    Total calculated
    $24,635
    From this org
    $24,635
    From related orgs
    $0
    Other
    $0
    Hours/week
    12
  • Rose Elena Sauceda

    TREASURER/CFO

    Total calculated
    $0
    Hours/week
    12
  • Hope Bullock III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    12
  • John E Arriaga

    DIRECTOR

    Total calculated
    $0
    Hours/week
    12
  • Dan Boose

    DIRECTOR

    Total calculated
    $0
    Hours/week
    12
  • Patrick Ela

    DIRECTOR

    Total calculated
    $0
    Hours/week
    12
  • Michael Gonzalez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    12
  • Fracisco Leal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    12
  • Jose Pavon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    12
  • Olivia E Rios

    DIRECTOR

    Total calculated
    $0
    Hours/week
    12
  • Maria Jimenez-Torres

    EXECUTIVE DIRECTOR/CEO

    Total calculated
    $104,924
    From this org
    $104,924
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202513189349305121

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