Herencia Mariachi Academy
- Assets
- $91.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Corona, CA
- Founding
- 05/2016
- Data as of
- 12/2021
- EIN
- 47-2523243
Organization Overview
Herencia Mariachi Academy is located in Corona, CA. The organization was established in 2016. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Herencia Mariachi Academy 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, Herencia Mariachi Academy generated $190.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 44.9% each year . All expenses for the organization totaled $177.8k during the year ending 12/2021. While expenses have increased by 46.3% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROMOTE AND PRESERVE THE HISPANIC CULTURE AND TRADITIONS SPECIFCALLY THROUGH MARIACHI MUSIC EDUCATION IN THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rafael Palomar Director | 24 | $66,070 | |
Karla Mascari Teacher | 0 | $18,900 | |
Manuel Luna Teacher | 0 | $13,650 | |
Olivia Nunez Teacher | 0 | $3,068 | |
Eddie Nunez President | 30 | $0 | |
Rene Bonilla Vice President | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Manuel Luna | 12/30/21 | $13,650 |
Karla Mascari | 12/30/21 | $18,900 |
Olivia Nunez | 12/30/21 | $3,068 |
Rafael Palomar | 12/30/21 | $51,520 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,268 |
| Total Program Service Revenue | $76,862 |
| Membership dues | $0 |
| Investment income | $36 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $180 |
| Total Revenue | $190,346 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $109,934 |
| Professional fees and other payments to independent contractors | $1,480 |
| Occupancy, rent, utilities, and maintenance | $23,294 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $43,081 |
| Total expenses | $177,789 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $91,349 |
| Other assets | $0 |
| Total assets | $91,349 |
| Total liabilities | $78,908 |
| Net assets or fund balances | $12,441 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Herencia Mariachi Academy has recieved totaling $134.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $134 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jserra Catholic High School San Juan Capistrano, CA | $110,381,982 | $32,636,304 |
The Society For The Promotion Of Japanese Animation Santa Ana, CA | $0 | $15,922,386 |
Haven Gallery Pomona, CA | $12,441,851 | $10,866,207 |
Yerba Buena Center For The Arts San Francisco, CA | $31,419,770 | $23,544,531 |
Festival Of Arts Of Laguna Beach Laguna Beach, CA | $11,626,110 | $10,814,120 |
Wallis Annenberg Center For The Performing Arts Beverly Hills, CA | $86,738,826 | $10,256,946 |
Maui Arts & Cultural Center Kahului, HI | $31,390,294 | $9,713,031 |
Immigration Institute Of The Bay Area San Francisco, CA | $7,526,224 | $6,922,510 |
Montalvo Association Saratoga, CA | $34,273,816 | $7,481,073 |
First Step Housing Sacramento, CA | $1,058,195 | $4,450,714 |
The Center For Cultural Innovation Los Angeles, CA | $15,572,704 | $5,971,325 |
Alliance For California Traditional Arts Fresno, CA | $2,645,027 | $4,730,784 |