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Nonprofiteer
← LATINO THEATER COMPANY

Form 990 for tax year 2023

Filed by LATINO THEATER COMPANY.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 18 November 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$3,973,905 changed to $5,735,683
Total expenses
$7,062,321 changed to $7,084,821
Contributions and grants received
$3,421,681 changed to $5,216,474
Program service revenue
$535,269 changed to $502,254
Total assets, end of year
$10,883,511 changed to $12,090,646
Total liabilities, end of year
$3,499,365 changed to $222,515
Net assets or fund balances, end of year
$7,384,146 changed to $11,868,131
Management and general expenses
$977,987 changed to $1,000,487

Totals

Total revenue
$3,973,905
Total expenses
$7,062,321
Contributions and grants received
$3,421,681
Grants paid
$0
Program service revenue
$535,269
Investment income
$0
Other revenue
$16,955
Total assets, end of year
$10,883,511
Total liabilities, end of year
$3,499,365
Net assets or fund balances, end of year
$7,384,146
Program services expenses (Part IX)
$5,922,634
Management and general expenses
$977,987
Fundraising expenses
$161,700
Program service expenses (Part III)
$5,922,634

Program services were 83.9% 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.

  • 1c · Fundraising events

    $67,684

  • 1e · Government grants (contributions)

    $3,125,700

  • 1f · All other contributions, gifts and grants

    $228,297

  • 2a · Program service revenue: PROGRAM TICKET SALES

    total $258,593 · related or exempt $258,593

  • 2b · Program service revenue: THEATER/FILM RENTALS

    total $234,703 · related or exempt $234,703

  • 2c · Program service revenue: CONCESSIONS

    total $41,973 · related or exempt $41,973

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $67,684

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $16,955 · related or exempt $16,955

  • 11e · Other revenue, total

    $16,955

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,277,136 · program services $1,149,082 · management and general $128,054

  • 10 · Payroll taxes

    total $99,073 · program services $89,139 · management and general $9,934

  • 11g · Fees: other

    total $223,632 · program services $162,217 · management and general $61,000 · fundraising $415

  • 12 · Advertising and promotion

    total $51,335 · program services $51,335

  • 13 · Office expenses

    total $130,020 · program services $12,211 · management and general $117,809

  • 17 · Travel

    total $110,488 · program services $109,383 · management and general $1,105

  • 20 · Interest

    total $39,741 · management and general $39,741

  • 22 · Depreciation, depletion and amortization

    total $52,561 · program services $52,561

  • 23 · Insurance

    total $20,760 · program services $18,124 · management and general $2,636

  • 24a · Other expenses: GRANT EXPENDITURES

    total $3,549,068 · program services $3,178,000 · management and general $371,068

  • 24b · Other expenses: DONATED USE OF FACILITI

    total $325,000 · program services $301,925 · management and general $23,075

  • 24c · Other expenses: CONTRACTED SERVICES

    total $300,196 · program services $300,196

  • 24d · Other expenses: SPECIAL EVENT

    total $161,285 · fundraising $161,285

  • 24e · All other expenses

    total $722,026 · program services $498,461 · management and general $223,565

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,726,086 · end of year $3,972,471

  • 3 · Pledges and grants receivable

    beginning of year $497,753 · end of year $3,061,640

  • 4 · Accounts receivable

    beginning of year $7,258,620 · end of year $3,599,960

  • 9 · Prepaid expenses and deferred charges

    beginning of year $73,772 · end of year $76,390

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

    $4,438,726

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

    $4,265,676

  • 10c · Land, buildings and equipment, net

    beginning of year $84,078 · end of year $173,050

  • 17 · Accounts payable and accrued expenses

    beginning of year $151,104 · end of year $3,484,758

  • 25 · Other liabilities

    beginning of year $16,643 · end of year $14,607

  • 27 · Net assets without donor restrictions

    beginning of year $520,856 · end of year -$4,087,150

  • 28 · Net assets with donor restrictions

    beginning of year $9,951,706 · end of year $11,471,296

Mission and programs · 2023

Mission

THE LATINO THEATER COMPANY OPERATES THE LOS ANGELES THEATRE CENTER, WHOSE MISSION IS TO PROVIDE A WORLD CLASS ARTS CENTER FOR THOSE PURSUING ARTISTIC EXCELLENCE; A LABORATORY WHERE BOTH TRADITION AND INNOVATION ARE HONORED AND HONED; A PLACE WHERE THE CONVERGENCE OF PEOPLE, CULTURES, AND IDEAS CONTRIBUTE TO THE FUTURE. THE LATINO THEATER COMPANY OPERATED THE LOS ANGELES THEATRE CENTER ("LATC"), WHICH HOUSES THEATER VENUES, REHEARSAL SPACE, AND OFFICE SPACE FOR RENTAL.

Activities or mission (Part I)

THE LATINO THEATER COMPANY OPERATES THE LOS ANGELES THEATRE CENTER, WHOSE MISSION IS TO PROVIDE A WORLD CLASS ARTS CENTER FOR THOSE PURSUING ARTISTIC EXCELLENCE; A LABORATORY WHERE BOTH TRADITION AND INNOVATION ARE HONORED AND HONED; A PLACE WHERE THE CONVERGENCE OF PEOPLE, CULTURES, AND IDEAS CONTRIBUTE TO THE FUTURE.

  • THE ORGANIZATION CREATED PASSIONATE AND TRUTHFUL THEATER BY DEVELOPING AND PRODUCING NEW LATINO PLAYS AND PLAYWRIGHTS, IN ADDITION TO PRESENTING WORLD CLASS ARTISTS AND CONDUCTION AND ACTORS' WORKSHOP ENTITLED "SOLITUDE".

    Expenses $5,922,634 · Revenue $552,224

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Donald Baker

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Diane G Medina

    BOARD CHAIRWOMAN

    Total calculated
    $0
    Hours/week
    40

  • Sandra Ortiz

    BOARD VICE-CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Walter F Ulloa

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Fidel Vargas

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jose Luis Valenzuela

    PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • Geoffrey Rivas

    TREASURER

    Total calculated
    $0
    Hours/week
    20

  • Sandra Hahn

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Dolores Leal

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349325568

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