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Nonprofiteer
← THE NATIONAL INSTITUTE OF FLAMENCO

Form 990 for tax year 2022

Filed by THE NATIONAL INSTITUTE OF FLAMENCO.

Totals

Total revenue
$2,000,257
Total expenses
$2,448,465
Contributions and grants received
$947,910
Grants paid
$0
Program service revenue
$1,035,671
Investment income
$0
Other revenue
$16,676
Total assets, end of year
$2,114,611
Total liabilities, end of year
$1,008,655
Net assets or fund balances, end of year
$1,105,956
Program services expenses (Part IX)
$1,547,844
Management and general expenses
$787,546
Fundraising expenses
$113,075
Program service expenses (Part III)
$1,547,844

Program services were 63.2% 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)

    $334,666

  • 1f · All other contributions, gifts and grants

    $613,244

  • 2a · Program service revenue: TUITION

    total $297,067 · related or exempt $297,067

  • 2b · Program service revenue: TICKET SALES

    total $645,781 · related or exempt $645,781

  • 2c · Program service revenue: OTHER PROGRAM REVENUE

    total $92,823 · related or exempt $92,823

  • 6a · Gross rents

    real property $17,137

  • 6b · Less rental expenses

    real property $31,102

  • 6c · Rental income or loss

    real property -$13,965

  • 6d · Net rental income or loss

    total -$13,965 · unrelated business -$13,965

  • 10a · Gross sales of inventory

    $66,741

  • 10b · Cost of goods sold

    $36,100

  • 10c · Net income from sales of inventory

    total $30,641 · related or exempt $30,641

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $543,369 · program services $39,602 · management and general $476,428 · fundraising $27,339

  • 10 · Payroll taxes

    total $42,861 · program services $3,177 · management and general $37,419 · fundraising $2,265

  • 11g · Fees: other

    total $771,983 · program services $714,328 · management and general $29,655 · fundraising $28,000

  • 12 · Advertising and promotion

    total $122,011 · program services $90,425 · management and general $5,272 · fundraising $26,314

  • 13 · Office expenses

    total $5,434 · program services $1,035 · management and general $2,504 · fundraising $1,895

  • 16 · Occupancy

    total $161,103 · program services $58,386 · management and general $102,717

  • 17 · Travel

    total $458,130 · program services $430,397 · management and general $11,585 · fundraising $16,148

  • 20 · Interest

    total $10,570 · management and general $10,570

  • 22 · Depreciation, depletion and amortization

    total $57,070 · program services $23,141 · management and general $33,929

  • 23 · Insurance

    total $27,081 · program services $7,608 · management and general $19,298 · fundraising $175

  • 24a · Other expenses: BANK AND CREDIT CARD FEES

    total $22,357 · program services $3,256 · management and general $17,764 · fundraising $1,337

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $31,135 · program services $417 · management and general $22,568 · fundraising $8,150

  • 24c · Other expenses: PRODUCTION

    total $53,650 · program services $51,875 · management and general $1,711 · fundraising $64

  • 24d · Other expenses: SUPPLIES

    total $9,144 · program services $3,245 · management and general $5,340 · fundraising $559

  • 24e · All other expenses

    total $132,567 · program services $120,952 · management and general $10,786 · fundraising $829

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $768,901 · end of year $115,019

  • 2 · Savings and temporary cash investments

    end of year $225,928

  • 4 · Accounts receivable

    beginning of year $197,136 · end of year $337,750

  • 8 · Inventories for sale or use

    beginning of year $92,636 · end of year $93,418

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,027 · end of year $8,958

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

    $729,055

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

    $158,136

  • 10c · Land, buildings and equipment, net

    beginning of year $615,637 · end of year $570,919

  • 14 · Intangible assets

    end of year $574,119

  • 15 · Other assets

    beginning of year $188,800 · end of year $188,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $156,973 · end of year $236,923

  • 19 · Deferred revenue

    beginning of year $9,000 · end of year $15,000

  • 23 · Secured mortgages and notes payable

    beginning of year $150,000 · end of year $150,000

  • 25 · Other liabilities

    end of year $606,732

  • 27 · Net assets without donor restrictions

    beginning of year $1,456,164 · end of year $973,581

  • 28 · Net assets with donor restrictions

    beginning of year $98,000 · end of year $132,375

Mission and programs · 2022

Mission

THE MISSION OF NIF IS TO PRESERVE AND PROMOTE FLAMENCOS ARTISTRY, HISTORY, AND CULTURE BY PRESENTING THE FINEST FLAMENCO IN THE WORLD AND BY EDUCATING THE AMERICAN FAMILY IN THIS ART FORM WHILE EMPHASIZING THE POSITIVE INFLUENCE OF ART ON FAMILIES AND COMMUNITIES

  • THE ORGANIZATION, THROUGH ITS COLLABORATIONS, HAS TRULY CREATED THE MOST VIBRANT CENTER FOR FLAMENCO FOUND ANYWHERE OUTSIDE OF SPAIN. IN 2016, NIF OPENED TABLAO FLAMENCO ALBUQUERQUE, A PARTNERSHIP WITH HERITAGE HOTELS ANS RESORTS. TYABLAO FLAMENCO IS AN INTIMATE, TRADITIONAL NIGHTLIFE VENUE WHERE FLAMENCO CAN BE SEEN 3 NIGHTS PER WEEK. TABLAO PLAYS AN IMPORTANT PART IN THE PROFESSIONAL TRAINING OF FLAMENCO ARTISTS. IN ADDITION, YJASTROS CELEBRATED ITS 23RD SEASON AT THE NATIONAL HISPANIC CULTURAL CENTER.

    Expenses $1,547,844

As filed on the 2022 return.

Listed in Part VII

  • Eva Encinias

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joaquin Encinias

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Helen Maestas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Enrique Lamadrid

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jose Viramontes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Diego Gallegos

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Theresa Archuleta

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Mele Martinez

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Steven Moriarty

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Marisol Encinias

    EXECUTIVE DIRECTOR

    Total calculated
    $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
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303199349325710

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