Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
EIN 36-4235183 • 501(c)3 • Chicago, IL
Profile
LAB offers an annual themed visual arts competition to currently enrolled high school students in select cities in collaboration with the local Mayor's Office and Department of Education. 1st place winners receive scholarship support from LAB and are honored in a public ceremony during Hispanic Heritage Month.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
97th percentile
Higher debt load relative to assets than 97% of similar nonprofits.
Liabilities / Revenue
95th percentile
Higher debt load relative to revenue than 95% of similar nonprofits.
Net Margin
82nd percentile
Higher net margin than 82% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
81st percentile
Faster asset growth than 81% of similar nonprofits.
Revenue Growth
86th percentile
Faster revenue growth than 86% of similar nonprofits.
Assets
Up$13,715
Up $3,218 (+31%) from 2023
Liabilities
Down$40,127
Down $4,500 (-10%) from 2023
Net Assets
Up-$26,412
Up $7,718 (+23%) from 2023
Revenue
Up$32,592
Up $12,192 (+60%) from 2023
Expenses
Up$22,574
Up $3,692 (+20%) from 2023
Net Income
Up$10,018
Up $8,500 (+560%) from 2023
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
LAB offers an annual themed visual arts competition to currently enrolled high school students in select cities in collaboration with the local Mayors Office and Department of Education. 1st place winners receive scholarship support from LAB and are honored in a public ceremony during Hispanic Heritage Month.
LAB offers an annual themed visual arts competition to currently enrolled high school students in select cities in collaboration with the local Mayor's Office and Department of Education. 1st place winners receive scholarship support from LAB and are honored in a public ceremony during Hispanic Heritage Month.
| Description | Grants | Expenses |
|---|---|---|
| LAB holds an annual art competition available to currently enrolled high school students, in select cities. All the artwork is submitted by the student's high school on behalf of its students. A panel of professional judges determines the winners | - | $19,758 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Don Rossi Nuccio | President | - | $0 | - | - |
| Daniel O Cisneros | Vice President | - | $0 | - | - |
| David Cuomo | Secretary | - | $0 | - | - |
“Office Expenses $2091”
“Travel $1050”
“Insurance $1957”
“Studio Maintenance $4905”
“Event Expenses $4075”
“Cable/Internet $2449”
“Van Expenses $1910”
“Scholarships $1500”
“Storage $819”
“Artwork Framing $70”
“Furniture & Fixtures - Beginning $1000 Furniture & Fixtures - Ending $1000”
“Payable to Officers, Directors, Etc. - Beginning $25627 Payable to Officers, Directors, Etc. - Ending $21127”
“SBA Loan Payable - Beginning $19000 SBA Loan Payable - Ending $19000”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Don Rossi Nuccio |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7732916901 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | P OBox 87458 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Chicago |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | IL |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 60680 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 9497 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 12715 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 18010 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 10018 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 725 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 10497 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 13715 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | 14582 |
| IRS990EZ/GrossReceiptsAmt | 0 | 32592 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LoansToFromOfficersAmt | 0 | 21127 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | true |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -34130 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -26412 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -34130 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -26412 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | Don Rossi Nuccio |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Daniel O Cisneros |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | David Cuomo |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Vice President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Secretary |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 1000 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 1000 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -2300 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 20826 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | LAB offers an annual themed visual arts competition to currently enrolled high school students in select cities in collaboration with the local Mayor's Office and Department of Education. 1st place winners receive scholarship support from LAB and are honored in a public ceremony during Hispanic Heritage Month. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 1023 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | LAB holds an annual art competition available to currently enrolled high school students, in select cities. All the artwork is submitted by the student's high school on behalf of its students. A panel of professional judges determines the winners |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 19758 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SaleOfAssetsGrossAmt | 0 | 14582 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 44627 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 40127 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 22574 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 19758 |
| IRS990EZ/TotalRevenueAmt | 0 | 32592 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 21010 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 20400 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 7685 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 4750 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 73050 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 126895 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 14582 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1000 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 15582 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.89060 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.99200 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 126895 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 0 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 21010 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 20400 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 7685 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 4750 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 73050 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 126895 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 142477 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt | 0 | 21127 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd | 0 | true |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd | 0 | false |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt | 0 | Cash Flow |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd | 0 | X |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt | 0 | 34627 |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm | 0 | Don R Nuccio |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt | 0 | President |
| IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd | 0 | true |
| IRS990ScheduleL/TotalBalanceDueAmt | 0 | 21127 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Office Expenses $2091 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Travel $1050 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Insurance $1957 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Studio Maintenance $4905 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Event Expenses $4075 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Cable/Internet $2449 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Van Expenses $1910 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Scholarships $1500 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Storage $819 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | Artwork Framing $70 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | Furniture & Fixtures - Beginning $1000 Furniture & Fixtures - Ending $1000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | Payable to Officers, Directors, Etc. - Beginning $25627 Payable to Officers, Directors, Etc. - Ending $21127 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | SBA Loan Payable - Beginning $19000 SBA Loan Payable - Ending $19000 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other Expenses.1002 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Expenses.1005 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Expenses.1012 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other Expenses.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Other Expenses.2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Other Expenses.3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Other Expenses.4 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Other Expenses.5 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Other Expenses.6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Other Expenses.9 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Other Assets.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Total Liabilities.1006 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | Total Liabilities.1 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Don Rossi Nuccio |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-11-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Latino Art Beat Inc |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LATI |
| ReturnHeader/Filer/EIN | 0 | 364235183 |
| ReturnHeader/Filer/PhoneNum | 0 | 7732916901 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO Box 87458 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Chicago |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IL |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 60680 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 263131266 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Cummings Professional Services Inc |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 7051 Hwy70 S 211 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Nashville |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 37221 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6308066617 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Linda Cummings |
| ReturnHeader/ReturnTs | 0 | 2025-11-15T15:21:37-08:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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