Civic Intelligence

Xico Inc.

990 • Fiscal year 2019 • EIN 20-4225234

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 14, 2020

1008 E Buckeye RoadPhoenix, AZ 85034

(480) 833-5875

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

66th percentile

0.01x

Higher debt load relative to assets than 66% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

71st percentile

0.02x

Higher debt load relative to revenue than 71% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

39th percentile

-0.4%

Higher net margin than 39% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

91st percentile

$44,750

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 16.6% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

42nd percentile

-0.9%

Faster asset growth than 42% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

55th percentile

4.4%

Faster revenue growth than 55% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$378,813

Down $3,390 (-0.9%) from 2018

Net Assets

Down

$373,315

Down $1,196 (-0.3%) from 2018

Liabilities

Down

$5,498

Down $2,194 (-29%) from 2018

Revenue

Up

$269,644

Up $11,395 (+4.4%) from 2018

Expenses

Up

$270,840

Up $51,098 (+23%) from 2018

Net Income

Down

-$1,196

Down $39,703 (-103%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $25,936Liabilities 2011: $4,968Net Assets 2011: $20,9682011Assets 2012: $58,327Liabilities 2012: $4,829Net Assets 2012: $53,4982012Assets 2013: $128,582Liabilities 2013: $34,648Net Assets 2013: $93,9342013Assets 2014: $271,996Liabilities 2014: $32,897Net Assets 2014: $239,0992014Assets 2015: $289,877Liabilities 2015: $49,670Net Assets 2015: $240,2072015Assets 2016: $326,287Liabilities 2016: $43,459Net Assets 2016: $282,8282016Assets 2017: $351,200Liabilities 2017: $15,196Net Assets 2017: $336,0042017Assets 2018: $382,203Liabilities 2018: $7,692Net Assets 2018: $374,5112018Assets 2019: $378,813Liabilities 2019: $5,498Net Assets 2019: $373,3152019Assets 2021: $2,244,663Liabilities 2021: $1,454,949Net Assets 2021: $789,7142021Assets 2022: $2,009,527Liabilities 2022: $1,449,521Net Assets 2022: $560,0062022Assets 2023: $1,571,381Liabilities 2023: $1,295,971Net Assets 2023: $275,4102023Assets 2024: $1,268,227Liabilities 2024: $1,122,166Net Assets 2024: $146,0612024

Highlighted filing

2019

Assets$378,813
Liabilities$5,498
Net Assets$373,315

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $137,970Expenses 2011: $145,636Net Income 2011: -$7,6662011Revenue 2012: $174,480Expenses 2012: $135,006Net Income 2012: $39,4742012Revenue 2013: $189,335Expenses 2013: $150,658Net Income 2013: $38,6772013Revenue 2014: $192,816Expenses 2014: $166,850Net Income 2014: $25,9662014Revenue 2015: $216,316Expenses 2015: $215,208Net Income 2015: $1,1082015Revenue 2016: $278,147Expenses 2016: $235,526Net Income 2016: $42,6212016Revenue 2017: $185,029Expenses 2017: $131,853Net Income 2017: $53,1762017Revenue 2018: $258,249Expenses 2018: $219,742Net Income 2018: $38,5072018Revenue 2019: $269,644Expenses 2019: $270,840Net Income 2019: -$1,1962019Revenue 2021: $853,373Expenses 2021: $488,131Net Income 2021: $365,2422021Revenue 2022: $830,754Expenses 2022: $927,140Net Income 2022: -$96,3862022Revenue 2023: $790,114Expenses 2023: $1,074,710Net Income 2023: -$284,5962023Revenue 2024: $726,275Expenses 2024: $930,781Net Income 2024: -$204,5062024

Highlighted filing

2019

Revenue$269,644
Expenses$270,840
Net Income-$1,196
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 14, 2020
Return Version
2018v3.1
Gross Receipts
$375,678
Mission and Program Overview

Mission

The Xico mission is to nourish a greater appreciation of the cultural and spiritual heritages of the Latinx and Indigenous peoples of the Americas throughout the Arts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$210,303$177,710▼ $32,593
Inventories for Sale or Use$152,900$152,650▼ $250
Accounts Receivable-$32,200-
Land, Buildings, and Equipment, Net$19,000$16,253▼ $2,747
Savings and Temporary Cash Investments$0--
Total Assets$382,203$378,813▼ $3,390
Liabilities
Deferred Revenue$5,857--
Accounts Payable and Accrued Expenses$1,835$5,498▲ $3,663
Total Liabilities$7,692$5,498▼ $2,194
Net Assets / Fund Balance
Unrestricted Net Assets$374,511$348,815▼ $25,696
Temporarily Rstr Net Assets-$24,500-
Total Net Assets Fund Balance$374,511$373,315▼ $1,196
Total Liabilities and Net Assets / Fund Balance$382,203$378,813▼ $3,390

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$16,253$5,723$21,976
Buildings$0--
Land$0--
Equipment$0--
Leasehold Improvements$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018----$0
2017----$0
2016----$0
2015----$0
2014----$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Donna ValdesExecutive DirectorFT$44,750$44,750
Laura WildeExecutive Director until May 2018FT$18,846$18,846

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$304,112
Program Service Revenue
$10,188
Investment Income
$336
Other Revenue
$-44,992
All Other Contributions
$18,165
Change in Net Assets
$-1,196

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$135,663
Other Expenses$135,177
Total Fundraising Expense$69,188
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$14,874$18,253$34,477$67,604
Current Officers, Directors, Trustees, and Key Employees$12,594$15,458$29,198$57,250
Occupancy$38,892$4,807-$43,699
Fees for Services Accounting-$12,400-$12,400
Payroll Taxes$2,378$2,918$5,513$10,809
Other Expenses$6,663$350-$6,663
Office Expenses$5,432$265-$5,697
Advertising$3,014--$3,014
Depreciation Depletion$2,747--$2,747
Travel-$2,408-$2,408
All Other Expenses$2,274$0$0$2,274
Information Technology$1,673$496-$2,169
Insurance$640$640-$1,280
Total Functional Expenses$143,657$57,995$69,188$270,840

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$106,034
Fundraising Gross Income$54,890
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinner$283,775$54,890$49,959$4,931
Event 2-$0-$0
Total Events$283,775$54,890$106,034$-51,144
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
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, Line 11B

The Form 990 is reviewed by the Treasurer, Executive Director, CPA and Preparer, as well as formally presented to the full Board of Directors for review and approval.

Form 990, Part VI. Line 12C

Board Members are required to sign conflict of interest disclosure forms annually.

Form 990, Part VI, Line 15A

The Executive Director compensation is approved by the Board of Directors.

Form 990, Part VI, Line 19

Governing documents, conflict of interes policy and financial statements are made available to the public upon verbal or written request.

Form 990, Part VII, Section A

Donna Valdes served as Executive Director until Jan 2017 and assisted through the transition to a new Executive Director from mid Jan 2017 until May 2018 Ms Valdes returned to the role of Executive Director after the departure of the Executive Director.

Filing and Contact Details

Filer

Filer Name
Xico Inc
EIN
20-4225234
Phone
4808335875
Address
1008 E Buckeye Road, Phoenix, AZ 85034

Signing Officer

Name
Ricardo Lopez Valencia
Title
Board President
Signed
2020-01-14

Organization Details

Formed
2005
Legal Domicile
Az
Voting Board Members
9
Independent Board Members
9
Employees
8
Volunteers
55

Preparer

Firm
Stevenson CPA LLC
Address
1613 E Montebello Ave, Phoenix, AZ 85016
Preparer
Lisa Stevenson
Phone
6023199243
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IRS990/Form990PartVIISectionAGrp/TitleTxt10Executive Director until May 2018
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