Ligzda Latvian Center
- Assets
- $89.0k
- Revenue
- $335.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- Data as of
- 12/2023
- EIN
- 87-4481615
Organization Overview
Ligzda Latvian Center is located in Chicago, IL. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ligzda Latvian Center 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, Ligzda Latvian Center generated $335.4k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 52.0% each year . All expenses for the organization totaled $258.2k during the year ending 12/2023. While expenses have increased by 12.7% per year over the past 2 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
LIGZDA IS AN ORGANIZATION THAT SUPPORTS AND PROMOTES CULTURAL, ETHNIC, RELIGIOUS, EDUCATIONAL AND ARTISTIC ACTIVITIES FOR LATVIANS IN THE CHICAGO AREA AND WHEREVER THEY MAY BE. LIGZDA IS HOME TO MORE THAN A DOZEN LATVIAN ORGANIZATIONS INCLUDING DANCE GROUPS, CULTURAL ORGANIZATIONS, CHOIRS, A RADIO STATION, LIBRARY, SCHOOLS, A CHURCH AND MORE. LIGZDA IS OPEN TO ITS NEIGHBORS AND COMMUNITY WITH PUBLIC EVENTS AS WELL AS SPACE AVAILABLE TO LEASE OUT TO OTHER CULTURAL AND ETHNIC ORGANIZATIONS AND FOR PRIVATE GATHERINGS, PERFORMANCES AND EVENTS. LIGZDA IS ALSO PROVIDING HUMANITARIAN ASSISTANCE TO LATVIANS IN LATVIA AFFECTED BY THE CONFLICT IN UKRAINE. AS PROPERTY MANAGER, LIGZDA IS SUPPORTED BY USER FEES, DONATIONS AND MANY VOLUNTEERS. LIGZDA IS A HOME TO KBLS SCHOOL OF CHICAGO, THE LARGEST LATVIAN SCHOOL IN N AMERICA, THE LATVIAN ZION LUTHERAN CHURCH, ACTIVE FOR OVER 45 YEARS, AND THE CHICAGO LATVIAN CULTURAL ORGANIZATION THAT HAS ORGANIZED HUNDREDS OF CULTURAL EVENTS IN CHICAGO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIGZDA IS AN ORGANIZATION THAT SUPPORTS AND PROMOTES CULTURAL, ETHNIC, RELIGIOUS, EDUCATIONAL AND ARTISTIC ACTIVITIES FOR LATVIANS IN THE CHICAGO AREA. ITS LOCATION IS HOME TO MORE THAN A DOZEN LATVIAN ORGANIZATIONS INCLUDING DANCE GROUPS, CULTURAL ORGANIZATIONS, CHOIRS, A RADIO STATION, A LIBRARY, SCHOOLS, CHURCH PARISH AND MORE. LIGZDA IS OPEN TO ITS NEIGHBORS AND SURROUNDING COMMUNITY WITH PUBLIC EVENTS AS WELL AS SPACE AVAILABLE TO LEASE OUT TO OTHER CULTURAL AND ETHNIC ORGANIZATIONS AND FOR PRIVATE SMALL TO LARGE GATHERINGS, PERFORMANCES AND VARIED EVENTS. AS MANAGER OF THE PROPERTY ON WEST MONTROSE AVENUE, LIGZDA IS SUPPORTED BY USER FEES, DONATIONS BY ORGANIZATIONS AND INDIVIDUALS AND DOZENS OF VOLUNTEERS. LIGZDA IS A HOME TO KRISJANIS BARONIS SCHOOL OF CHICAGO, THE LARGEST LATVIAN SCHOOL IN N AMERICA, THE LATVIAN ZION LUTHERAN CHURCH, ACTIVE FOR OVER 45 YEARS, AND THE CHICAGO LATVIAN CULTURAL ORGANIZATION THAT HAS ORGANIZED HUNDREDS OF CULTURAL EVENTS IN CHICAGO. LIGZDA LATVIAN CENTER HAS SOUGHT DONATIONS FOR HUMANITARIAN ASSISTANCE FOR UKRAINIAN WAR REFUGEES AND THOSE AFFECTED BY THE RUSSIAN WAR IN UKRAINE IN LATVIA.
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andris Slokenbergs Director | Officer | 2 | $0 |
Svens Kins Director | Officer | 2 | $0 |
Roberts Ezerins Director | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $14,200 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $218,336 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $232,536 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $102,887 |
| 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 | $335,423 |
| 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 | $155,956 |
| 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 | $7,200 |
| Fees for services: Legal | $248 |
| Fees for services: Accounting | $75 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,312 |
| Advertising and promotion | $430 |
| Office expenses | $500 |
| 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 | $7,353 |
| All other expenses | $40,097 |
| Total functional expenses | $258,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,800 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,768 |
| 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 | $442 |
| Total assets | $89,010 |
| Accounts payable and accrued expenses | -$7,310 |
| Grants payable | $16,019 |
| 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 | $8,709 |
| Net assets without donor restrictions | $80,301 |
| 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 | $89,010 |