Mexican Cultural Institute
- Assets
- $82.7k
- Revenue
- $215.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 12/1991
- Data as of
- 12/2021
- EIN
- 52-1732486
Organization Overview
Mexican Cultural Institute is located in Washington, DC. The organization was established in 1991. According to its NTEE Classification (A51) the organization is classified as: Art Museums, 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. Mexican Cultural Institute 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, Mexican Cultural Institute generated $215.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $232.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE KNOWLEDGE OF MEXICAN ART AND CULTURE IN THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VARIOUS CULTURAL PROGRAMS INCLUDING ART EXHIBITS, MUSICAL PERFORMANCES, ACADEMIC AND SOCIAL EVENTS CELEBRATING MEXICAN HERITAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emma Ramirez Treasurer | OfficerTrustee | 1 | $0 |
Ix-Nic Iruegas Peon President/exec. Director | OfficerTrustee | 4.5 | $0 |
Guillaume David Michel Blin Legal Advisor | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,608 |
| All other contributions, gifts, grants, and similar amounts not included above | $167,596 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,204 |
| Total Program Service Revenue | $45,910 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $215,114 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $186,420 |
| Advertising and promotion | $0 |
| Office expenses | $4,361 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,668 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $310 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $232,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,530 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $156 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $82,686 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $82,686 |
| 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 | $82,686 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mexican Cultural Institute has recieved totaling $5,580.
| Awarding Organization | Amount |
|---|---|
Mid Atlantic Arts Inc Baltimore, MD PURPOSE: PERFORMING ARTS PRESENTING AND TOURING; | $5,580 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baltimore Museum Of Art Inc Baltimore, MD | $169,284,027 | $31,272,929 |
Phillips Collection Washington, DC | $115,569,748 | $10,501,207 |
The Chrysler Museum Inc Norfolk, VA | $126,873,495 | $33,956,756 |
National Museum Of Women In The Arts Inc Washington, DC | $143,899,060 | $28,831,292 |
Glass-Glen Burnie Museum Inc Winchester, VA | $37,985,540 | $7,078,309 |
The Taubman Museum Of Art Roanoke, VA | $68,810,995 | $4,453,447 |
The American Visionary Art Museum Inc Baltimore, MD | $12,141,748 | $3,802,625 |
Washington County Museum Of Fine Arts Hagerstown, MD | $25,151,271 | $5,933,209 |
Virginia Museum Of Animal Art Charlottesville, VA | $2,196,174 | $3,340,320 |
Washington Project For The Arts Inc Washington, DC | $669,219 | $757,811 |
Trustees Of The Corcoran Gallery Of Art Falls Church, VA | $5,461,946 | $237,677 |
Peninsula Fine Arts Center Inc Newport News, VA | $0 | $248,078 |