Civic Intelligence

Xico Inc.

990 • Fiscal year 2023 • EIN 20-4225234

Jan 01, 2023 to Dec 31, 2023 • Filed on Sep 04, 2024

829 N 1st AvePhoenix, AZ 85003

(480) 833-5875

Siviq Scores

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

Liabilities / Assets

91st percentile

0.82x

Higher debt load relative to assets than 91% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

91st percentile

1.64x

Higher debt load relative to revenue than 91% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

10th percentile

-36%

Higher net margin than 10% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

68th percentile

$102,488

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 13.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

6th percentile

-22%

Faster asset growth than 6% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

31st percentile

-4.9%

Faster revenue growth than 31% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$1,571,381

Down $438,146 (-22%) from 2022

Net Assets

Down

$275,410

Down $284,596 (-51%) from 2022

Liabilities

Down

$1,295,971

Down $153,550 (-11%) from 2022

Revenue

Down

$790,114

Down $40,640 (-4.9%) from 2022

Expenses

Up

$1,074,710

Up $147,570 (+16%) from 2022

Net Income

Down

-$284,596

Down $188,210 (-195%) from 2022

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

2023

Assets$1,571,381
Liabilities$1,295,971
Net Assets$275,410

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

2023

Revenue$790,114
Expenses$1,074,710
Net Income-$284,596
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Sep 4, 2024
Return Version
2023v5.1
Gross Receipts
$790,114
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.

To nourish a greater appreciation of the cultural and spiritual heritage of the Latinx and Indigenous people of the Americas through the Arts

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,132,752$1,011,980▼ $120,772
Cash and Non-Interest-Bearing Accounts$506,835$273,612▼ $233,223
Inventories for Sale or Use$152,650$152,650→ $0
Accounts Receivable$182,904$81,600▼ $101,304
Prepaid Expenses and Deferred Charges-$51,539-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$2,009,527$1,571,381▼ $438,146
Other Assets Total$34,386$0▼ $34,386
Liabilities
Other Liabilities$1,438,040$1,284,806▼ $153,234
Accounts Payable and Accrued Expenses$11,481$7,865▼ $3,616
Deferred Revenue-$3,300-
Total Liabilities$1,449,521$1,295,971▼ $153,550
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$450,006$203,710▼ $246,296
Net Assets With Donor Restrictions$110,000$71,700▼ $38,300
Total Net Assets Fund Balance$560,006$275,410▼ $284,596
Total Liabilities and Net Assets / Fund Balance$2,009,527$1,571,381▼ $438,146

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$871,782$129,613-
Other Land Buildings$86,431--
Equipment$21,976--
Leasehold Improvements$31,791--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Donna ValdezExecutive DirectorFT$102,488$102,488
Revenue and Support

Revenue Composition

Contributions and Grants
$693,161
Program Service Revenue
$96,953
Investment Income
$0
Other Revenue
$0
All Other Contributions
$622,659
Change in Net Assets
$-284,596

Audited Revenue Reconciliation

Revenue per Audited Statements
$790,114
Total Revenue per Audited Statements
$790,114
Total Revenue per Form 990
$790,114
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$661,028
Salaries, Compensation, and Employee Benefits$413,682
Total Fundraising Expense$227,834
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$209,339$24,628$12,314$246,281
Occupancy$114,932$20,833-$135,765
Office Expenses$81,017$21,519-$102,536
Current Officers, Directors, Trustees, and Key Employees$87,115$10,249$5,124$102,488
Fees for Services Accounting-$39,800-$39,800
Other Employee Benefits$31,401$3,694$1,847$36,942
Other Expenses$34,785$5,029$3,537$34,785
Payroll Taxes$23,775$2,797$1,399$27,971
Interest-$10,727-$10,727
Conferences and Meetings-$6,572-$6,572
Insurance$1,314$1,314-$2,628
Depreciation Depletion$2,509--$2,509
Travel$214$664-$878
All Other Expenses-$541-$541
Fees for Services Other-$333-$333
Total Functional Expenses$698,176$148,700$227,834$1,074,710

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,074,710
Total Expenses per Audited Statements$1,074,710
Total Expenses per Form 990$1,074,710
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease$1,199,995
Long Term Loan$73,362
Payroll Accrual$11,449
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Xico Inc
EIN
20-4225234
Phone
4808335875
Address
829 N 1st Ave, Phoenix, AZ 85003

Signing Officer

Name
Amber Starr
Title
President & CEO
Signed
2024-09-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amber Starr
Formed
2005
Legal Domicile
Az
Voting Board Members
9
Independent Board Members
9
Employees
6
Volunteers
33

Preparer

Firm
Aniles and Company PLLC
Address
3033 N Central Ave Suite 615, Phoenix, AZ 85012
Preparer
Mario L Aniles CPA
Phone
4803004993
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