Herencia Mariachi Academy
- Assets
- $126.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Corona, CA
- Founding
- 05/2016
- Data as of
- 12/2022
- 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 12/2022, Herencia Mariachi Academy generated $176.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $210.5k during the year ending 12/2022. 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
2022
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 |
|---|---|---|---|
Eddie Nunez President | 30 | $0 | |
Rene Bonilla Vice President | 20 | $0 | |
Teresa Serrano Treasurer | 2 | $0 | |
Maria Licea Secretary | 2 | $0 | |
Rafael Palomar Director | 24 | $0 | |
Karla Mascari Teacher | 0 | $24,490 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Karla Mascari | 12/30/21 | $18,900 |
Manuel Luna | 12/30/21 | $13,650 |
Rafael Palomar | 12/30/21 | $51,520 |
Olivia Nunez | 12/30/21 | $3,068 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,177 |
| Total Program Service Revenue | $112,258 |
| Membership dues | $0 |
| Investment income | $32 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $380 |
| Total Revenue | $176,847 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $134,845 |
| Professional fees and other payments to independent contractors | $1,085 |
| Occupancy, rent, utilities, and maintenance | $25,292 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $49,256 |
| Total expenses | $210,478 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $55,109 |
| Other assets | $0 |
| Total assets | $126,069 |
| Total liabilities | $79,000 |
| Net assets or fund balances | $49,400 |