Latin American Workshop Inc
- Assets
- $226.9k
- Revenue
- $391.0k
- Investments
- $0.0
- Employees
- 11
- Location
- New York, NY
- Founding
- 07/1990
- Data as of
- 12/2022
- EIN
- 13-2995536
Organization Overview
Latin American Workshop Inc is located in New York, NY. The organization was established in 1990. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Latin American Workshop Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latin American Workshop Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Latin American Workshop Inc generated $391.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $396.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION TEACHES CLASSES IN LANGUAGES AND LATIN AMERICAN CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OFFERS SPANISH LANGUAGE CLASSES AND ARTISTIC EVENTS. IT PROVIDES A VARIETY OF ARTISTIC AND LINGUISTIC SUPPORT SERVICES FOR INDIVIDUALS, COMPANIES AND COMMUNITY ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bernardo Palombo President | OfficerTrustee | 35 | $52,000 |
Lia Alexander Castano Manag. Director | Trustee | 35 | $40,690 |
Steve Brown Director | Trustee | 1 | $0 |
Carmen Rivera-Tirado Director | Trustee | 1 | $0 |
Kitama Cahill Jackson Director | Trustee | 1 | $0 |
Papoleto Melendez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $269,191 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,232 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $275,423 |
| Total Program Service Revenue | $108,265 |
| Investment income | $6,213 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,555 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $391,031 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $52,000 |
| Compensation of current officers, directors, key employees. | $7,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $147,425 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,178 |
| Payroll taxes | $16,613 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,996 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,785 |
| Office expenses | $3,552 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,187 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,171 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,031 |
| All other expenses | $1,961 |
| Total functional expenses | $396,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,200 |
| Savings and temporary cash investments | $176,703 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $226,903 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $195,704 |
| Total liabilities | $195,704 |
| Net assets without donor restrictions | $31,199 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $226,903 |