Allies Of Hispanic Culture Education And Science Foundation
- Assets
- $88.2k
- Revenue
- $222.3k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/2017
- Data as of
- 12/2023
- EIN
- 81-5432124
Organization Overview
Allies Of Hispanic Culture Education And Science Foundation is located in New York, NY. The organization was established in 2017. 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. Allies Of Hispanic Culture Education And Science Foundation 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 12/2023, Allies Of Hispanic Culture Education And Science Foundation generated $222.3k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $239.0k during the year ending 12/2023. While expenses have increased by 9.0% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE AND ENCOURAGE WITHIN THE U.S. SUPPORT FOR HISPANIC CULTURAL, EDUCATIONAL AND SCIENTIFIC INSTITUTIONS AND FUND RELATED CULTURAL, EDUCATIONAL AND SCIENTIFIC PROJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDING FOR A SECOND GALA CONCERT AT DAVID GEFFEN HALL IN NEW YORK CITY OF TEATRO REAL'S ORCHESTRA ATTENDED BY OVER 2,200 MEMBERS OF THE PUBLIC TO ADVANCE THE GENERAL PUBLIC'S KNOWLEDGE, APPRECIATION AND UNDERSTANDING OF HISPANIC CULTURE
PROVIDE FUNDING FOR THE IMPLEMENTATION OF A SALESFORCE SOFTWARE AT THE FUNDACIÓN ALBENIZ'S REINA SOFÍA SCHOOL OF MUSIC, WHICH IS THE CORE OF A DIGITAL TRANSFORMATION PROJECT BEING DEVELOPED. MAIN ACCOMPLISHMENTS IN 2023 INCLUDE THE RENEWAL OF THE STUDENTS AND PROFESSORS' COMMUNITY WEB AND MAKING NEW FEATURES, SUCH AS ACCESS TO THE ONLINE KNOWLEDGE BASE, AVAILABLE TO STUDENTS AT THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andres Gil Director And President | Trustee | 12 | $0 |
Mariette Arguimbau Scott Director | Trustee | 1 | $0 |
Douglas Bateson Director | Trustee | 1 | $0 |
Theresa Kobel Administrative Officer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $222,267 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $222,267 |
| Total Program Service Revenue | $0 |
| 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 | $222,267 |
| 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 | $229,311 |
| 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 | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,666 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $25 |
| Total functional expenses | $239,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,182 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $88,182 |
| 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 | $88,182 |
| 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 | $88,182 |