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Nonprofiteer
← XICO INC

Form 990 for tax year 2024

Filed by XICO INC.

Totals

Total revenue
$726,275
Total expenses
$930,781
Contributions and grants received
$212,229
Grants paid
$0
Program service revenue
$150,863
Investment income
$1,141
Other revenue
$362,042
Total assets, end of year
$1,268,227
Total liabilities, end of year
$1,122,166
Net assets or fund balances, end of year
$146,061
Program services expenses (Part IX)
$651,562
Management and general expenses
$127,573
Fundraising expenses
$151,646
Program service expenses (Part III)
$651,562

Program services were 70.0% 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.

  • 1f · All other contributions, gifts and grants

    $212,229

  • 2a · Program service revenue: Program Service Fees

    total $150,863 · related or exempt $150,863

  • 3 · Investment income

    total $1,141 · related or exempt $1,141

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $450,240

  • 8b · Fundraising events: direct expenses

    $106,865

  • 8c · Net income from fundraising events

    total $343,375

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $18,667

  • 10c · Net income from sales of inventory

    total $18,667 · related or exempt $18,667

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $80,012 · program services $68,461 · management and general $7,680 · fundraising $3,871

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $197,130 · program services $167,561 · management and general $19,713 · fundraising $9,856

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $32,718 · program services $27,810 · management and general $3,272 · fundraising $1,636

  • 10 · Payroll taxes

    total $21,933 · program services $18,643 · management and general $2,193 · fundraising $1,097

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $38,550 · management and general $38,550

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $99,527 · program services $69,129 · management and general $14,248 · fundraising $16,150

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $140,104 · program services $118,407 · management and general $21,697

  • 17 · Travel

    total $788 · program services $246 · management and general $542

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $3,518 · management and general $3,518

  • 20 · Interest

    total $7,665 · management and general $7,665

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $14,467 · program services $14,467

  • 23 · Insurance

    total $8,544 · program services $4,272 · management and general $4,272

  • 24a · Other expenses: Event fundrasing

    total $223,396 · fundraising $223,396

  • 24b · Other expenses: Contract

    total $83,539 · program services $76,811 · management and general $4,223 · fundraising $2,505

  • 24c · Other expenses: Program Exp

    total $52,829 · program services $52,829

  • 24d · Other expenses: Art Sales Expense

    total $32,926 · program services $32,926

  • 24e · All other expenses

    total -$106,865 · fundraising -$106,865

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $273,612 · end of year $138,565

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $81,600 · end of year $10,800

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    beginning of year $152,650 · end of year $152,650

  • 9 · Prepaid expenses and deferred charges

    beginning of year $51,539 · end of year $595

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

    $125,042

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

    $53,767

  • 10c · Land, buildings and equipment, net

    beginning of year $140,198 · end of year $71,275

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    beginning of year $871,782 · end of year $881,156

  • 15 · Other assets

    end of year $13,186

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,865 · end of year $8,189

  • 19 · Deferred revenue

    beginning of year $3,300 · end of year $9,000

  • 25 · Other liabilities

    beginning of year $1,284,806 · end of year $1,104,977

  • 27 · Net assets without donor restrictions

    beginning of year $203,710 · end of year $63,000

  • 28 · Net assets with donor restrictions

    beginning of year $71,700 · end of year $83,061

Mission and programs · 2024

Mission

Xico believes in the transformative power of art and that culture can be honored and preserved through artistic expression. Xico advances the visibility and appreciation of Latino and Indigenous culture by supporting artists in developing artistic skills and knowledge; serving as a community working studio for printmaking and other visual media; increasing promotion and visibility of Latino and Indigenous art through exhibitions, sales, and community partnerships; providing a space and environment for the community to engage in dialogue and understand the rich contributions of Latino and Indigenous culture.

  • Xico believes in the transformative power of art and that culture can be honored and preserved through artistic expression. Xico advances the visibility and appreciation of Latino and Indigenous culture by supporting artists in developing artistic skills and knowledge; serving as a community working studio for printmaking and other visual media; increasing promotion and visibility of Latino and Indigenous art through exhibitions, sales, and community partnerships; providing a space and environment for the community to engage in dialogue and understand the rich contributions of Latino and Indigenous culture

    Expenses $651,562

As filed on the 2024 return.

Listed in Part VII

  • Donna Valdez

    Executive Director

    Total calculated
    $80,012
    From this org
    $80,012
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Ricardo Lopez Valencia

    Director

    Total calculated
    $0
    Hours/week
    2
  • Amber Starr

    President

    Total calculated
    $0
    Hours/week
    2
  • Maria Elena Coronado Sutter

    Director

    Total calculated
    $0
    Hours/week
    2
  • Luciek Mkrdichian

    Treasurer

    Total calculated
    $0
    Hours/week
    2
  • Hon Lorenzo Sierra

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Brandon Clarke

    Director

    Total calculated
    $0
    Hours/week
    2
  • Diana B Figueroa

    Director

    Total calculated
    $0
    Hours/week
    2
  • Jacob C Moore

    Director

    Total calculated
    $0
    Hours/week
    2
  • Cindy A Villanueva

    Director

    Total calculated
    $0
    Hours/week
    2
  • Analise Zaremba

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Jose Cardenas

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Gema Duarte Luna

    Trustee

    Total calculated
    $0
    Hours/week
    2
  • Art Perez

    Trustee

    Total calculated
    $0
    Hours/week
    2

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
14 November 2025
IRS schema version
2024v5.2
Source object
202523189349305317

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