Overview
What is Xico Inc?
Xico Inc, located in Phoenix, Arizona, is a distinguished nonprofit organization with a focus on cultural education. Based at 829 N 1st Ave, they strive to foster a deeper understanding and appreciation of the rich cultural and spiritual heritage of Latinx and Indigenous communities in the Americas, primarily through the arts. With a dedicated team of six employees, Xico Inc goes beyond mere promotion, actively advancing and showcasing the Hispanic and Indigenous cultural art of local artists. Their mission is truly enriching, contributing positively to the cultural landscape of their community.
Official website here: www.xicoinc.org/
What are the reviews and ratings of this charity?
Rating from Charity Navigator: One-Star out of Four Stars (56%)
Xico Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization scores well in some areas, such as having a fully independent board and a strong program expense ratio, it struggles with missing essential policies, including those for conflict of interest and whistleblower protections. The lack of formal documentation for board meeting minutes further raises questions about transparency.
The organization does have notable strengths, particularly in its commitment to community and equity strategies, where it scored impressively. These scores suggest a strong focus on cultural impact and inclusivity, which are critical for nonprofit effectiveness. However, the overarching financial health, indicated by a high liabilities to assets ratio, poses a potential risk to its sustainability and operational effectiveness.
Overall, while Xico Inc demonstrates some positive attributes, particularly in its community engagement, the significant gaps in governance and financial oversight raise important concerns. Prospective donors and stakeholders may want to consider these factors carefully when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Xico Inc?
88% of 42 reviewers on Facebook recommend Xico Inc. Here is a summary of their reviews:
Many individuals express high praise for the quality of artwork available at Xico Inc, emphasizing its standout position within the state. The organization is lauded not only for its beautiful pieces but also for its commitment to community engagement and educational initiatives. Reviewers encourage others to visit, highlighting the positive experience that awaits.
Overall, the sentiment reflects a strong appreciation for the nonprofit’s blend of artistic excellence and community development. Patrons feel that Xico Inc truly enriches the local cultural landscape and provides opportunities for education and involvement.
This AI summary has been generated from reviews found on Facebook.
Is Xico Inc legitimate?
Xico Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Xico Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $119,649
Professional Fundraising Fees: $0
Other Salaries and Wages: $187,604
For more financial information, click here
Official website here: www.xicoinc.org/
What is the mission statement of Xico Inc?
Xico Inc's mission is centered around fostering a deeper appreciation for the cultural and spiritual heritage of Latinx and Indigenous communities in the Americas. This is achieved primarily through the medium of the arts. The organization serves its purpose by providing cultural education to the community and promoting the Hispanic and Indigenous artistic talents. By doing so, Xico Inc aims to preserve and celebrate the rich cultural heritage that exists within these communities.
Official website here: www.xicoinc.org/
Who is the CEO of Xico Inc?
Donna Valdes is the Executive Director of Xico Inc.
Official website here: www.xicoinc.org/
What is the revenue of Xico Inc?
Xico Inc's revenue in 2022 was $830,754.
Official website here: www.xicoinc.org/
Who are the executives of Xico Inc and what are their salaries?
The average compensation at Xico Inc during 2022 was $51,209. There are 6 employees and 33 volunteers at Xico Inc.
Here are 9 key members and their salaries:
- Compensation: $119,649
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.xicoinc.org/
Where can I find the form 990 for Xico Inc?
Xico Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.xicoinc.org/
Learn more at the official website: www.xicoinc.org/
Mission Statement of Xico Inc
Xico Inc is dedicated to fostering a deeper understanding and appreciation of the cultural and spiritual heritage of Latinx and Indigenous people from the Americas. To accomplish this, the nonprofit focuses on the arts as its primary medium. By providing cultural education to the community, Xico Inc aims to promote and advance the Hispanic and Indigenous artistic expressions of artists. In essence, Xico Inc serves as a platform for showcasing and preserving the rich cultural heritage of these communities, thereby nourishing a sense of pride and identity among its members.
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Impact
October, 2024
Xico Inc plays a vital role in enriching the cultural landscape of Phoenix, AZ, by fostering a deeper appreciation of the cultural and spiritual heritage of Latinx and Indigenous communities through the arts. By providing cultural education, Xico helps to connect individuals with the rich traditions and artistic expressions of these communities.
Through various programs and initiatives, the organization promotes the work of Hispanic and Indigenous artists, ensuring that their voices are heard and celebrated. This not only empowers artists but also educates the broader community about the significance of their cultural narratives.
Xico's impact extends beyond mere artistic representation; it cultivates a sense of belonging and identity for individuals within these communities. By showcasing diverse artistic contributions, Xico Inc contributes to a greater understanding and appreciation of the cultural tapestry that makes up the Americas. The organization’s efforts play a crucial role in preserving cultural heritage while also inspiring future generations to engage with and honor their roots through the arts.
This information is meant to be a general summary of Xico Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $830,754
Assets and Liabilities:
- Total Assets: $2,009,527
- Total Liabilities: $1,449,521
- Net Assets: $560,006
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Ticket Sales
Organization Details
Founding Year
2005
Phone
(480) 833-5875Principal Officer
Donna Valdes
Main Address
829 N 1st Ave, Phoenix, AZ, 85003
Website
www.xicoinc.org/NTEE Category
Code: A99 - Arts
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