Xico Inc
- Assets
- $2.2m
- Revenue
- $853.4k
- Investments
- $0.0
- Employees
- 6
- Location
- Phoenix, AZ
- Founding
- 05/2007
- Data as of
- 12/2021
- EIN
- 20-4225234
Organization Overview
Xico Inc is located in Phoenix, AZ. The organization was established in 2007. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Xico Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Xico 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 12/2021, Xico Inc generated $853.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.7% each year . All expenses for the organization totaled $488.1k during the year ending 12/2021. While expenses have increased by 14.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO NOURISH A GREATER APPRECIATION OF THE CULTURAL AND SPIRITUAL HERITAGE OF THE LATINX AND INDIGENOUS PEOPLE OF THE AMERICAS THROUGH THE ARTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
XICO PROVIDES CULTURAL EDUCATION TO THE COMMUNITY THROUGH THE ARTS. XICO ALSO ADVANCES AND PROMOTES HISPANIC AND INDIGENOUS CULTURAL ART OF ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna Valdes CEO | Officer | 40 | $69,240 |
Ricardo Lopez Valencia Chairman | OfficerTrustee | 2 | $0 |
Analise Zaremba Secretary | OfficerTrustee | 2 | $0 |
Michelle Guina Alarid Vice President | OfficerTrustee | 2 | $0 |
Luciek Mkrdichian Treasurer | OfficerTrustee | 2 | $0 |
Amanda Bernal Ransom Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $179,248 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $739,308 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $918,556 |
| Total Program Service Revenue | $500 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$65,683 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $853,373 |
| 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. | $69,240 |
| Compensation of current officers, directors, key employees. | $10,386 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,241 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $700 |
| Payroll taxes | $53,265 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,824 |
| Office expenses | $58,383 |
| Information technology | $11,115 |
| Royalties | $0 |
| Occupancy | $126,427 |
| Travel | $1,158 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7,442 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,548 |
| Insurance | $5,054 |
| All other expenses | $6,789 |
| Total functional expenses | $488,131 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $878,605 |
| Savings and temporary cash investments | $0 |
| 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 | $152,650 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,071,852 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $141,556 |
| Total assets | $2,244,663 |
| Accounts payable and accrued expenses | $223,250 |
| 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 | $1,231,699 |
| Total liabilities | $1,454,949 |
| Net assets without donor restrictions | $789,714 |
| 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 | $2,244,663 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Xico Inc has recieved totaling $35,300.
| Awarding Organization | Amount |
|---|---|
Helios Education Foundation Phoenix, AZ PURPOSE: See Part IV | $21,800 |
Perkins Coie Foundation Seattle, WA PURPOSE: 2021 GRAND OPENING CELEBRATION & ART AUCTION | $13,500 |
Endowment Analysis
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