Civic Intelligence

Mariachi Heritage Foundation Inc

EIN 46-2914342 • 501(c)3 • Chicago, IL

Profile

To affirm, celebrate and preserve the rich cultural heritage of mariachi music and other mexican heritage art.

2323 W Pershing RdChicago, IL 60609

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

91st percentile

0.73x

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

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

Liabilities / Revenue

82nd percentile

0.09x

Higher debt load relative to revenue than 82% of similar nonprofits.

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

Net Margin

59th percentile

6.8%

Higher net margin than 59% of similar nonprofits.

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

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

92nd percentile

107%

Faster asset growth than 92% of similar nonprofits.

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

Revenue Growth

19th percentile

-47%

Faster revenue growth than 19% of similar nonprofits.

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

Assets

Up

$64,814

Up $33,561 (+107%) from 2018

Liabilities

Down

$47,265

Down $10,400 (-18%) from 2018

Net Assets

Up

$17,549

Up $43,961 (+166%) from 2018

Revenue

Down

$497,979

Down $443,839 (-47%) from 2018

Expenses

Down

$464,019

Down $508,649 (-52%) from 2018

Net Income

Up

$33,960

Up $64,810 (+210%) from 2018

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0-$50KAssets 2014: $60,586Liabilities 2014: $5,000Net Assets 2014: $55,5862014Assets 2015: $28,678Liabilities 2015: $5,000Net Assets 2015: $23,6782015Assets 2016: $39,525Liabilities 2016: $5,000Net Assets 2016: $34,5252016Assets 2018: $31,253Liabilities 2018: $57,665Net Assets 2018: -$26,4122018Assets 2019: $64,814Liabilities 2019: $47,265Net Assets 2019: $17,5492019

Highlighted filing

2019

Assets$64,814
Liabilities$47,265
Net Assets$17,549

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2014: $171,947Expenses 2014: $116,361Net Income 2014: $55,5862014Revenue 2015: $108,296Expenses 2015: $140,204Net Income 2015: -$31,9082015Revenue 2016: $460,976Expenses 2016: $450,129Net Income 2016: $10,8472016Revenue 2018: $941,818Expenses 2018: $972,668Net Income 2018: -$30,8502018Revenue 2019: $497,979Expenses 2019: $464,019Net Income 2019: $33,9602019

Highlighted filing

2019

Revenue$497,979
Expenses$464,019
Net Income$33,960

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 14, 2020
Return Version
2019v5.1
Gross Receipts
$497,979
Mission and Program Overview

Mission

To affirm, celebrate and preserve the rich cultural heritage of mariachi music and other mexican heritage art.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$8,964$47,541▲ $38,577
Loans From Officers Directors$57,665$47,265▼ $10,400
Land, Buildings, and Equipment, Net$22,289$17,273▼ $5,016
Total Assets$31,253$64,814▲ $33,561
Liabilities
Total Liabilities$57,665$47,265▼ $10,400
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-26,412$17,549▲ $43,961
Total Net Assets Fund Balance$-26,412$17,549▲ $43,961
Total Liabilities and Net Assets / Fund Balance$31,253$64,814▲ $33,561

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$17,273$26,720-
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$216,740
Program Service Revenue
$281,239
Investment Income
$0
Other Revenue
$0
All Other Contributions
$171,035
Change in Net Assets
$33,960

Audited Revenue Reconciliation

Revenue per Audited Statements
$497,979
Total Revenue per Audited Statements
$497,979
Total Revenue per Form 990
$497,979
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$464,019
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$235,074$31,856$0$266,930
Other Expenses$16,760$0$0$16,760
Occupancy$14,686$0$0$14,686
Depreciation Depletion$0$5,016$0$5,016
Fees for Services Accounting$0$3,124$0$3,124
Fees for Services Legal$0$1,249$0$1,249
Total Functional Expenses$422,774$41,245$0$464,019

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$464,019
Total Expenses per Audited Statements$464,019
Total Expenses per Form 990$464,019
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
Loans from Officers, Directors, Trustees, and Key Employees$57,665$47,265▼ $10,400
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
Filing and Contact Details

Filer

Filer Name
Mariachi Heritage Foundation
EIN
46-2914342
Phone
7737665145
Address
2323 W PERSHING RD, CHICAGO, IL 60609

Signing Officer

Name
Cesar Maldonado
Title
Director
Phone
7737665145
Signed
2020-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cesar Maldonado
Formed
2013
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Ezzy & Associates LLC
Address
2879 83rd St, Darien, IL 60561
Preparer
Mariam Ezzy
Phone
6305417491
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Form 990 is reviewed by executive director.

Pt VI, Line 8B

THERE ARE NO COMMITTEES.

Pt VI, Line 8A

Board meeting minutes were not written down during the year.

Form 990, Part IX, Line 24E

Audio production 20497. 20497. 0. 0.

Form 990, Part IX, Line 24E

Student trips 46132. 46132. 0. 0.

Form 990, Part IX, Line 24E

Tour fees paid 16405. 16405. 0. 0.

Form 990, Part IX, Line 24E

Curriculum development 2263. 2263. 0. 0.

Form 990, Part IX, Line 24E

Music compositions 19400. 19400. 0. 0.

Form 990, Part IX, Line 24E

BOOKS 501. 501. 0. 0.

Form 990, Part IX, Line 24E

Performance fees paid 14700. 14700. 0. 0.

Form 990, Part IX, Line 24E

Catering meals & entertainment 18879. 18879. 0. 0.

Form 990, Part IX, Line 24E

Travel 1808. 492. 1316. 0.

Form 990, Part IX, Line 24E

Marketing 8402. 8402. 0. 0.

Form 990, Part IX, Line 24E

Video production 5136. 5136. 0. 0.

Form 990, Part IX, Line 24E

Telephone 3258. 0. 3258. 0.

Form 990, Part IX, Line 24E

It systems 5264. 0. 5264. 0.

Form 990, Part IX, Line 24E

Bank fee 2513. 0. 2513. 0.

Form 990, Part IX, Line 24E

Students wellness 1517. 1517. 0. 0.

Form 990, Part IX, Line 24E

Artist's airfare 15415. 15415. 0. 0.

Form 990, Part IX, Line 24E

Artist's hotel 3791. 3791. 0. 0.

Form 990, Part IX, Line 24E

Graphic design 3189. 1650. 1539. 0.

Form 990, Part IX, Line 24E

Tour travel expenses 29068. 29068. 0. 0.

Form 990, Part IX, Line 24E

Auto expenses 1579. 0. 1579. 0.

Form 990, Part IX, Line 24E

INTERNET 45. 0. 45. 0.

Form 990, Part IX, Line 24E

It hardware 7272. 0. 7272. 0.

Form 990, Part IX, Line 24E

Licenses & permits 129. 0. 129. 0.

Form 990, Part IX, Line 24E

Local transportation 906. 0. 906. 0.

Form 990, Part IX, Line 24E

PARKING 131. 0. 131. 0.

Form 990, Part IX, Line 24E

Scholarships 30826. 30826. 0. 0.

Form 990, Part IX, Line 24E

Administration 5689. 0. 5689. 0.

Form 990, Part IX, Line 24E

Publicist fees 2215. 0. 2215. 0.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS REVIEWED BY EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEETING MINUTES WERE NOT WRITTEN DOWN DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AUDIO PRODUCTION 20497. 20497. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4STUDENT TRIPS 46132. 46132. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TOUR FEES PAID 16405. 16405. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CURRICULUM DEVELOPMENT 2263. 2263. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MUSIC COMPOSITIONS 19400. 19400. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8BOOKS 501. 501. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9PERFORMANCE FEES PAID 14700. 14700. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10CATERING MEALS & ENTERTAINMENT 18879. 18879. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11TRAVEL 1808. 492. 1316. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12MARKETING 8402. 8402. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13VIDEO PRODUCTION 5136. 5136. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14TELEPHONE 3258. 0. 3258. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15IT SYSTEMS 5264. 0. 5264. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16BANK FEE 2513. 0. 2513. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17STUDENTS WELLNESS 1517. 1517. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18ARTIST'S AIRFARE 15415. 15415. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19ARTIST'S HOTEL 3791. 3791. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20GRAPHIC DESIGN 3189. 1650. 1539. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21TOUR TRAVEL EXPENSES 29068. 29068. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22AUTO EXPENSES 1579. 0. 1579. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt23INTERNET 45. 0. 45. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt24IT HARDWARE 7272. 0. 7272. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt25LICENSES & PERMITS 129. 0. 129. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt26LOCAL TRANSPORTATION 906. 0. 906. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt27PARKING 131. 0. 131. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt28SCHOLARSHIPS 30826. 30826. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt29ADMINISTRATION 5689. 0. 5689. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt30PUBLICIST FEES 2215. 0. 2215. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 8a
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc21Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc22Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc23Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc24Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc25Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc26Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc27Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc28Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc29Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc30Form 990, Part IX, Line 24e
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IRS990/USAddress/CityNm0CHICAGO
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
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