Civic Intelligence

Loisaida Inc Co Acacia Network

990 • Fiscal year 2022 • EIN 13-3023183

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

311 East 175th StreetBronx, NY 10457

(347) 649-3234

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$1,355,551

Up $367,065 (+37%) from 2021

Net Assets

Down

$450,043

Down $134,846 (-23%) from 2021

Liabilities

Up

$905,508

Up $501,911 (+124%) from 2021

Revenue And Expenses

Revenue

Down

$537,891

Down $75,372 (-12%) from 2021

Expenses

Up

$675,012

Up $210,236 (+45%) from 2021

Net Income

Down

-$137,121

Down $285,608 (-192%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.0M$0-$1.0MAssets 2010: $86,035Liabilities 2010: $64,2402010Assets 2011: $41,816Liabilities 2011: $62,417Net Assets 2011: -$20,6012011Assets 2012: $23,253Liabilities 2012: $120,2082012Assets 2013: $19,104Liabilities 2013: $91,311Net Assets 2013: -$72,2072013Assets 2014: $562,858Liabilities 2014: $102,627Net Assets 2014: $460,2312014Assets 2015: $618,740Liabilities 2015: $176,182Net Assets 2015: $442,5582015Assets 2016: $229,617Liabilities 2016: $212,457Net Assets 2016: $17,1602016Assets 2017: $163,525Liabilities 2017: $112,470Net Assets 2017: $51,0552017Assets 2018: $121,316Liabilities 2018: $226,510Net Assets 2018: -$105,1942018Assets 2019: $837,083Liabilities 2019: $772,694Net Assets 2019: $64,3892019Assets 2020: $1,104,388Liabilities 2020: $667,986Net Assets 2020: $436,4022020Assets 2021: $988,486Liabilities 2021: $403,597Net Assets 2021: $584,8892021Assets 2022: $1,355,551Liabilities 2022: $905,508Net Assets 2022: $450,0432022Assets 2022: $1,432,997Liabilities 2022: $905,508Net Assets 2022: $527,4892022Assets 2023: $1,903,412Liabilities 2023: $999,293Net Assets 2023: $904,1192023Assets 2024: $1,566,434Liabilities 2024: $1,183,245Net Assets 2024: $383,1892024

Highlighted filing

2022

Assets$1,355,551
Liabilities$905,508
Net Assets$450,043

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2010: $269,173Expenses 2010: $349,132Net Income 2010: -$79,9592010Revenue 2011: $139,410Expenses 2011: $181,806Net Income 2011: -$42,3962011Revenue 2012: $136,555Expenses 2012: $212,909Net Income 2012: -$76,3542012Revenue 2013: $144,045Expenses 2013: $119,297Net Income 2013: $24,7482013Revenue 2014: $658,838Expenses 2014: $126,400Net Income 2014: $532,4382014Revenue 2015: $229,418Expenses 2015: $247,091Net Income 2015: -$17,6732015Revenue 2016: $306,552Expenses 2016: $289,592Net Income 2016: $16,9602016Revenue 2017: $379,041Expenses 2017: $345,146Net Income 2017: $33,8952017Revenue 2018: $282,606Expenses 2018: $438,855Net Income 2018: -$156,2492018Revenue 2019: $719,870Expenses 2019: $550,287Net Income 2019: $169,5832019Revenue 2020: $880,548Expenses 2020: $508,535Net Income 2020: $372,0132020Revenue 2021: $613,263Expenses 2021: $464,776Net Income 2021: $148,4872021Revenue 2022: $537,891Expenses 2022: $675,012Net Income 2022: -$137,1212022Revenue 2022: $582,848Expenses 2022: $640,248Net Income 2022: -$57,4002022Revenue 2023: $1,247,513Expenses 2023: $870,883Net Income 2023: $376,6302023Revenue 2024: $567,059Expenses 2024: $778,249Net Income 2024: -$211,1902024

Highlighted filing

2022

Revenue$537,891
Expenses$675,012
Net Income-$137,121
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$577,962
Mission and Program Overview

Mission

To build a connection between community, learners, artists and scholars through affordable education opportunities in cultural fields, s.t.e.a.m. Design and everyday life. (see schedule o)

To build a connection between community, learners, artists and scholars through affordable education opportunities in cultural fields, s.t.e.a.m. Design and everyday life.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$572,218$537,947▼ $34,271
Land, Buildings, and Equipment, Net$363,849$465,833▲ $101,984
Cash and Non-Interest-Bearing Accounts$31,650$349,629▲ $317,979
Prepaid Expenses and Deferred Charges$20,769$2,142▼ $18,627
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$988,486$1,355,551▲ $367,065
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$318,074$885,954▲ $567,880
Unsecured Notes Loans Payable$50,430$0▼ $50,430
Accounts Payable and Accrued Expenses$35,093$19,554▼ $15,539
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$403,597$905,508▲ $501,911
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$390,151$392,426▲ $2,275
Net Assets With Donor Restrictions$194,738$57,617▼ $137,121
Total Net Assets Fund Balance$584,889$450,043▼ $134,846
Total Liabilities and Net Assets / Fund Balance$988,486$1,355,551▲ $367,065

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$332,517$65,234$397,751
Other Land Buildings$116,344$32,081$148,425
Leasehold Improvements$16,972$17,549$34,521
Buildings$0$0$0
Land$0-$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kaleb H Sanchez EsqChair
Raul RussiPresident
Angel AudiffredVice Chair
Angel Cruz EsqBoard Member
Deborah QuinonesBoard Member
Maria Del Carmen ArroyChief Administrative Officer
Lymaris AlborsCHIEF EXECUTIVE OFFIcer
Vicky GatellChief Financial Officer
Jose R RodriguezChief Legal Officer/EVP
David CollymoreCMO/senior VP of Clinical
Anthony RiveraSecretary
Wilfred RentaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$537,391
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$500
All Other Contributions
$57,403
Change in Net Assets
$-137,121

Audited Revenue Reconciliation

Revenue per Audited Statements
$537,891
Total Revenue per Audited Statements
$537,891
Total Revenue per Form 990
$537,891
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$479,617
Salaries, Compensation, and Employee Benefits$195,395
Total Fundraising Expense$67,501
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$189,126$23,641$23,640$236,407
Other Salaries and Wages$136,514$17,064$17,064$170,642
Office Expenses$76,539$9,568$9,568$95,675
Occupancy$64,463$8,057$8,058$80,578
Depreciation Depletion$30,410$3,801$3,801$38,012
Other Employee Benefits$19,802$2,476$2,475$24,753
Insurance$13,681$1,710$1,710$17,101
Fees for Services Accounting$8,633$1,079$1,079$10,791
Travel$772$96$97$965
Fees for Services Legal$70$9$9$88
Total Functional Expenses$540,010$67,501$67,501$675,012

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$675,012
Total Expenses per Audited Statements$675,012
Total Expenses per Form 990$675,012
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$40,071
Fundraising Gross Income$40,071
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf$117,213$40,071$40,071$0
Total Events$117,213$40,071$40,071-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Parties$856,201
Advances$29,753
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The board of directors review the form 990 before it is filed with the irs.

Form 990, Part VI, Section C, Line 19

Governing documents are made available to the public by request.

Form 990, Part VI, Section B, Line 12C

Annual signed statements are provided that affirms that the interested parties are in compliance with the conflict of interest policy.

Filing and Contact Details

Filer

Filer Name
Loisaida Inc
EIN
13-3023183
In Care Of
% VICKY GATELL
Phone
3476493234
Address
311 East 175th Street, Bronx, NY 10457

Signing Officer

Name
Vicky Gatell
Title
CFO
Phone
3476493234
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Vicky Gatell
Formed
1979
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
6
Employees
5
Volunteers
6

Preparer

Firm
WithumSmithBrown PC
Address
ONE TOWER CENTER BLVD 14TH FL, EAST BRUNSWICK, NJ 08816
Preparer
Shawn Gillon
Phone
7328281614
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

The loisaida center is one of the two puerto rican/latino based multi-use facility remaining in the downtown area. We aspire to build a connection between community, learners, artists and scholars through affordable education opportunities in cultural fields, s.t.e.a.m. (science, technology, engineering, arts and mathematics)design and everyday life.its multi-purpose space aims to become an incubator for self-sustainable artisanal, technology, and culinary arts entrepreneurial initiatives. Devoted to collaborative art practices, social engagement and community building through culture, the vision is to facilitate a mindset of exploration. Our approach celebrates the urban surroundings, grassroots invention and immigrant spirit of the loisaida neighborhood in its dedication to celebrate latino cultural vitality and their contributions to nyc. Goals: 1. To rebuild a communitys sense of place and belonging through historical awareness and historical interpretation strategies. 2. To promote the inherent beauty and aesthetic value of everyday life. 3. To build bridges between diverse puerto rican and latino iconic urban hubs. 4. To serve as an engine of discovery and as an incubator for self-sustaining creative ideas and ventures that share and enhance the dynamic spirit of our surrounding community. 5. To use the arts and aesthetic experiences as vehicles for the enhancement of a vibrant social and community life by creating a shared experience based on a stimulating habitat of interplay and fusion, reciprocity, participation, engagement. 6. To raise consciousness about environmental justice and environmental discrimination, and how they relate to and affect the nyc latino experience. 7. To build a democratic ethos and a democratic intention based on assets already existing within the community.

Form 990, Part III, Line 4A

SINCE REOPENING IN 2014 ALL OUR PROGRAMS HAVE BEEN CAREFULLY CURATED AND DELIVERED BY A CORE GROUP OF HIGHLY COMMITTED EDUCATORS, ARTISTS, PHOTOGRAPHERS, DANCERS, ETC. AMONG THIS CORE GROUP OF FREELANCE INSTRUCTORS AND TEACHING ARTISTS ARE DOCTORS, RESEARCHERS AND PROFESSORS, AN AWARD- wINING THEATER TROUPE, MONTESSORI-CERTIFIED TEACHERS, AMONG OTHERS. DELIVERED MORE THAN TWENTY (20) TRANS-GENERATIONAL COMMUNITY AND YOUTH EVENTS. SERVED FIVE HUNDRED (500) PEOPLE THAT ATTENDED THE CENTER. DEVELOPED TWO DISTINCT WEBSITES AND A SOLID SOCIAL MEDIA PRESENCE. REVAMPED AND EXTENDED THE LOISAIDA INC. ANNUAL FESTIVAL.THE NEW COMMUNITY CENTER FACILITY IS APPROXIMATELY 10,000 FEET ON TWO LEVELS WITHIN THE 710 EAST 9TH STREET BUILDING, WHICH ALSO HAS A RESIDENTIAL COMPONENT OF 55 UNITS OF HOUSING FOR YOUTH AGING OUT OF THE NYC FOSTER CARE SYSTEM. THE FIRST LEVEL OF THE TOTALLY ACCESSIBLE COMMUNITY CENTER SPACE HAS ITS OWN PRIVATE ENTRANCE, OFFICE SPACE, AND HOUSES THE MULTIMEDIA ARTS AND TECHNOLOGY. THE PERFORMANCE/MULTIPURPOSE SPACE, DRESSING ROOM, AND COMPLETE GALLEY KITCHEN, AS WELL AS ACCESSIBLE BATHROOM FACILITIES, AND TWO LARGE PRIVATE OPEN AIR SPACES, ARE LOCATED ON THIS LEVEL. THE SECOND GROUND FLOOR/CELLAR LEVEL, WHICH HAS ITS OWN STREET ACCESS, HOUSES ADDITIONAL OFFICE SPACE AND THE TEACHING COMMERCIAL KITCHEN, AS WELL AS THREE LARGE MULTIPURPOSE ACTIVITY ROOMS, ONE OF WHICH WILL BE A YOUTH LOUNGE AND RECREATION SPACE. THE COMMUNITY CENTER HAS ITS OWN ELEVATOR, WHICH ALLOWS FOR EASE OF USE, ACCESSIBILITY, AND TRANSPORT FROM BOTH LEVELS. EDUCATION & TRAINING CAPACITY: OUR FACILITY WAS CREATED WITH EDUCATION AND TRAINING AT THE FOREFRONT OF ITS CORE CAPABILITIES. WE HAVE ACCOMPLISHED THIS BY MIRRORING THE STANDARDS AND REQUIREMENT NEEDED TO BECOME A CERTIFIED TRAINING CENTER FOR OUR MAJOR SOFTWARE PACKAGES. BY ACCOMPLISHING THIS TASK OUR STUDENTS ARE GIVEN AN OPPORTUNITY TO LEARN A MULTITUDE OF APPLICATIONS THAT CAN FOSTER THEIR KNOWLEDGE IN THE AREAS OF MEDIA, WRITING, AND OFFICE SKILLS. ONE OF OUR CLASSROOM/LABS HAS BEEN CONFIGURED WITH SPECIFICATIONS REQUIRED TO ULTIMATELY BECOME AN APPLE AUTHORIZED TRAINING CENTER. PRODUCTION: OUR FACILITY PROVIDES AN IN-HOUSE PRODUCTION AND LIVE STUDIO/VIEWING SPACE ON SITE, AND HAS THE CAPACITY TO PROVIDE AND SUPPORT A WIDE BREATH OF REAL WORLD TOOLS IN THE FIELD OF MEDIA. IN EXPOSING OUR YOUTH TO THIS LEVEL OF CAPACITY, WE ENHANCE THEIR EMPLOYABILITY, ENTREPRENEURIAL OPPORTUNITIES, AND PROVIDE A FOUNDATION OF KNOWLEDGE FOR THEM THAT WILL BE LIFE-CHANGING.

Form 990, Part XI - Line 9

Adjustment of $2,275 to agree with june 30,2021 audited financial statements that were issued after may 16, 2022.

Form 990 Part IX Line 11G

Description:consulting fees total fees:182470

Form 990 Part IX Line 11G

Description:contracted services total fees:53937

Financial Statement Notes

Schedule D, Part X, Line 2

The organization is exempt from federal income tax under section 501(c)(3)of the internal revenue code and state income taxes under similar provisions. Accordingly, no provision for federal and state income taxes has been recorded in the statements of financial position. The organization had no unrecognized benefits at june 30,2022 and 2021 and has incurred no interest or penalties related to income taxes for the period presented in their financial statements.

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IRS990/Form990PartVIISectionAGrp/PersonNm6Kaleb H Sanchez Esq
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IRS990/Form990PartVIISectionAGrp/PersonNm8Wilfred Renta
IRS990/Form990PartVIISectionAGrp/PersonNm9Anthony Rivera
IRS990/Form990PartVIISectionAGrp/PersonNm10Angel Cruz Esq
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.57$1.18$0.38$0.57$0.78$0.21
2023Detailed filing. Detailed filing data is available for this year.$1.90$1.00$0.90$1.25$0.87$0.38
2022Detailed filing. Detailed filing data is available for this year.$1.43$0.91$0.53$0.58$0.64$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.36$0.91$0.45$0.54$0.68$0.14
2021Detailed filing. Detailed filing data is available for this year.$0.99$0.40$0.58$0.61$0.46$0.15
2020Detailed filing. Detailed filing data is available for this year.$1.10$0.67$0.44$0.88$0.51$0.37
2019Detailed filing. Detailed filing data is available for this year.$0.84$0.77$0.06$0.72$0.55$0.17
2018Detailed filing. Detailed filing data is available for this year.$0.12$0.23$0.11$0.28$0.44$0.16
2017Detailed filing. Detailed filing data is available for this year.$0.16$0.11$0.05$0.38$0.35$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.23$0.21$0.02$0.31$0.29$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.62$0.18$0.44$0.23$0.25$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.56$0.10$0.46$0.66$0.13$0.53
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.02$0.09$0.07$0.14$0.12$0.02
2012Summary only. Only limited summary data is available for this year.$0.02$0.12$0.14$0.21$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.06$0.02$0.14$0.18$0.04
2010Summary only. Only limited summary data is available for this year.$0.09$0.06$0.27$0.35$0.08