Overview
What is Latino Cultural Arts Center?
The Latino Cultural Arts Center (LCAC) is a nonprofit organization situated in Denver, Colorado, specifically at the intersection of Federal Boulevard and Colfax Avenue near I-25. As part of the Sun Valley neighborhood's revitalization, the LCAC aims to contribute to the area's cultural and economic growth. The center will comprise various programs and exhibits, including two museums dedicated to Mexican heritage and Latin America, a library focusing on Latin arts, culture, and history, and an educational academy focusing on Latin arts and culture. The LCAC's mission is to enhance public understanding of Latin artistic expressions in the U.S. and globally through education, discussion, exhibition, and preservation of their historical and ongoing contributions.
Official website here: www.lcac-denver.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70%, earning a Two-Star out of Four Star rating.
The Latino Cultural Arts Center has received a mixed rating from Charity Navigator, indicating that while they have strengths in certain areas, significant improvements are needed in others. The organization boasts a fully independent board, scoring 10 out of 10 points in that category, which underscores a commitment to governance. However, it struggles with financial transparency, as reflected by a score of 0 out of 20 for financial statements, impacting overall accountability.
In terms of financial management, the organization shows a strong liabilities to assets ratio (25 out of 25), suggesting sound long-term financial stability. However, the program expense ratio is low (10 out of 25), indicating that a smaller portion of their expenses is dedicated to program activities compared to administrative or fundraising costs, which is concerning. Furthermore, their fundraising efficiency ratio is also notably low (0 out of 25), pointing to potential challenges in raising funds effectively.
Overall, while the Latino Cultural Arts Center has some strong governance practices and financial health indicators, the lack of transparency and low efficiency in fundraising and program expenditures raises questions about its operational effectiveness and impact. Addressing these issues could help improve their rating and overall effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Latino Cultural Arts Center legitimate?
Latino Cultural Arts Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Latino Cultural Arts Center 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,093
For more financial information, click here
Official website here: www.lcac-denver.org
What is the mission statement of Latino Cultural Arts Center?
The Latino Cultural Arts Center (LCAC) is committed to enhancing the understanding of the extensive artistic expressions of Latinos living both in the United States and globally. They achieve this mission through education, discussion, exhibition, and preservation of the historical and ongoing contributions of Latinos. The center aims to serve as a platform for showcasing and celebrating the rich cultural heritage of Latinos, fostering a deeper appreciation and acceptance of their diverse artistic expressions. The LCAC plans to establish itself as an integrated cultural campus, providing enhanced cultural and economic vitality to its community. The center will house museums, a library, and an educational academy focused on Latino arts and culture, fostering learning and engagement with Latino arts and culture.
Official website here: www.lcac-denver.org
Who is the CEO of Latino Cultural Arts Center?
Adrianna Abarca is the Founder & Chair of Latino Cultural Arts Center.
Official website here: www.lcac-denver.org
What is the revenue of Latino Cultural Arts Center?
Latino Cultural Arts Center's revenue in 2022 was $537,839.
Official website here: www.lcac-denver.org
Who are the executives of Latino Cultural Arts Center and what are their salaries?
There 54 volunteers at Latino Cultural Arts Center.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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Official website here: www.lcac-denver.org
Where can I find the form 990 for Latino Cultural Arts Center?
Latino Cultural Arts Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lcac-denver.org
Learn more at the official website: www.lcac-denver.org
Mission Statement of Latino Cultural Arts Center
The Latino Cultural Arts Center, abbreviated as LCAC, is committed to enhancing the understanding of the extensive artistic expressions of Latinos residing in the United States and worldwide. This is achieved through various means, including education, discussion, exhibition, and preservation of their historical and ongoing contributions. The mission of the LCAC is to serve as a platform for fostering knowledge and appreciation for the rich cultural heritage of Latinos.
The LCAC is envisioned as an integrated cultural campus, located in the Sun Valley neighborhood of Denver. This neighborhood, with deep roots in Latino and immigrant communities, is currently undergoing significant revitalization. The LCAC aims to be an active participant in this transformation, contributing to the enhanced cultural and economic vitality of Denver and the Rocky Mountain region. The center will house interrelated programs and exhibits, with two museums dedicated to Mexican heritage and Latin America, a library focusing on Latino arts, culture, and history, and an educational and hands-on learning academy focusing on Latino arts and culture.
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Impact
July, 2024
The Latino Cultural Arts Center (LCAC) has a significant impact in strengthening the knowledge of the extensive artistic expressions of Latinos living in the U.S. and globally. Through education, discussion, exhibition, and preservation of historical and ongoing contributions, the LCAC plays a crucial role in promoting Latino arts and culture.
The development of the cultural campus in the Sun Valley neighborhood of Denver will not only provide a platform for showcasing Latino heritage but also contribute to the revitalization of the area. By integrating programs, exhibits, museums dedicated to Mexican heritage and Latin America, a library of Latino arts, culture, and history, as well as an educational academy focused on Latino arts and culture, the LCAC aims to bring enhanced cultural and economic vitality to Denver and the Rocky Mountain region.
Overall, the Latino Cultural Arts Center's impact can be seen in its efforts to preserve and celebrate Latino artistic expressions, educate the public on the significance of Latino culture, and contribute to the cultural enrichment of the community.
This information is meant to be a general summary of Latino Cultural Arts Center. 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.
- Investment Income: $75,152
- Gross Receipts: $700,607
Assets and Liabilities:
- Total Assets: $886,418
- Total Liabilities: $14,453
- Net Assets: $871,965
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Organization Details
Founding Year
2014
Phone
(720) 353-2233Principal Officer
Adrianna Abarca
Main Address
2645 W 7TH AVE, DENVER, CO, 80204
Website
www.lcac-denver.orgNTEE Category
Code: A25 - Arts
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