Civic Intelligence

Teatro Hispano De Dallas Inc

990 • Fiscal year 2021 • EIN 75-2056765

Jan 01, 2021 to Dec 31, 2021 • Filed on May 02, 2022

1230 River Bend Drive Suite 111Dallas, TX 75247

(214) 689-6492

Siviq Scores

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

Liabilities / Assets

81st percentile

0.16x

Higher debt load relative to assets than 81% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

79th percentile

0.10x

Higher debt load relative to revenue than 79% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

70th percentile

26%

Higher net margin than 70% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

95th percentile

$65,000

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 19.8% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

89th percentile

105%

Faster asset growth than 89% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

77th percentile

57%

Faster revenue growth than 77% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$219,564

Up $112,634 (+105%) from 2020

Net Assets

Up

$185,177

Up $83,874 (+83%) from 2020

Liabilities

Up

$34,387

Up $28,760 (+511%) from 2020

Revenue

Up

$328,663

Up $119,168 (+57%) from 2020

Expenses

Up

$244,789

Up $33,860 (+16%) from 2020

Net Income

Up

$83,874

Up $85,308 (+5949%) from 2020

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2010: $40,662Liabilities 2010: $7,995Net Assets 2010: $32,6672010Assets 2011: $33,902Liabilities 2011: $12,995Net Assets 2011: $20,9072011Assets 2012: $44,209Liabilities 2012: $11,641Net Assets 2012: $32,5682012Assets 2013: $53,947Liabilities 2013: $0Net Assets 2013: $53,9472013Assets 2014: $71,681Liabilities 2014: $0Net Assets 2014: $71,6812014Assets 2015: $78,931Liabilities 2015: $1,329Net Assets 2015: $77,6022015Assets 2016: $74,027Liabilities 2016: $1,422Net Assets 2016: $72,6052016Assets 2017: $117,946Liabilities 2017: $7,256Net Assets 2017: $110,6902017Assets 2018: $131,020Liabilities 2018: $5,387Net Assets 2018: $125,6332018Assets 2019: $106,509Liabilities 2019: $3,772Net Assets 2019: $102,7372019Assets 2020: $106,930Liabilities 2020: $5,627Net Assets 2020: $101,3032020Assets 2021: $219,564Liabilities 2021: $34,387Net Assets 2021: $185,1772021Assets 2022: $230,066Liabilities 2022: $48,644Net Assets 2022: $181,4222022Assets 2023: $207,481Liabilities 2023: $67,255Net Assets 2023: $140,2262023Assets 2024: $219,639Liabilities 2024: $7,000Net Assets 2024: $212,6392024

Highlighted filing

2021

Assets$219,564
Liabilities$34,387
Net Assets$185,177

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $152,232Expenses 2010: $152,056Net Income 2010: $1762010Revenue 2011: $118,466Expenses 2011: $130,226Net Income 2011: -$11,7602011Revenue 2012: $105,350Expenses 2012: $93,689Net Income 2012: $11,6612012Revenue 2013: $137,249Expenses 2013: $115,870Net Income 2013: $21,3792013Revenue 2014: $142,197Expenses 2014: $124,463Net Income 2014: $17,7342014Revenue 2015: $166,181Expenses 2015: $160,260Net Income 2015: $5,9212015Revenue 2016: $164,625Expenses 2016: $169,622Net Income 2016: -$4,9972016Revenue 2017: $230,938Expenses 2017: $192,853Net Income 2017: $38,0852017Revenue 2018: $286,641Expenses 2018: $271,698Net Income 2018: $14,9432018Revenue 2019: $242,907Expenses 2019: $265,803Net Income 2019: -$22,8962019Revenue 2020: $209,495Expenses 2020: $210,929Net Income 2020: -$1,4342020Revenue 2021: $328,663Expenses 2021: $244,789Net Income 2021: $83,8742021Revenue 2022: $274,151Expenses 2022: $277,906Net Income 2022: -$3,7552022Revenue 2023: $317,399Expenses 2023: $358,595Net Income 2023: -$41,1962023Revenue 2024: $412,913Expenses 2024: $340,500Net Income 2024: $72,4132024

Highlighted filing

2021

Revenue$328,663
Expenses$244,789
Net Income$83,874
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 2, 2022
Return Version
2021v4.0
Gross Receipts
$328,663
Mission and Program Overview

Mission

Teatro Dallas is a non-profit professional theatrical institution focused on international theater through the Latino experience. We stage children and adult productions of both classical and contemporary international and US playwrights with a global orientation. We support emerging local theater artists by producing works in a variety of genres, expanding the definition of theater to include visual, musical, spoken word, performance art, and other cutting edge artistic expression that deal with the personal, familial, social and political human condition.

Teatro Dallas is committed to the cultural empowerment of the Latino community by representing our varied experiences, voices, and artistic expressions. Through high quality theatrical programming Teatro Dallas employs the power of theater to celebrate our diverse traditions while strengthening our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$0$85,973▲ $85,973
Pledges and Grants Receivable$87,859$77,467▼ $10,392
Cash and Non-Interest-Bearing Accounts$18,071$41,124▲ $23,053
Loans From Officers Directors$5,000$20,000▲ $15,000
Savings and Temporary Cash Investments$0--
Accounts Receivable$0--
Other Notes and Loans Receivable, Net$0--
Receivables From Officers Etc$0--
Total Assets$106,930$219,564▲ $112,634
Other Assets Total$1,000$15,000▲ $14,000
Liabilities
Accounts Payable and Accrued Expenses$238$14,387▲ $14,149
Other Liabilities$389$0▼ $389
Total Liabilities$5,627$34,387▲ $28,760
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$26,248$107,710▲ $81,462
Net Assets With Donor Restrictions$75,055$77,467▲ $2,412
Total Net Assets Fund Balance$101,303$185,177▲ $83,874
Total Liabilities and Net Assets / Fund Balance$106,930$219,564▲ $112,634

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$84,675$61,324$145,999
Equipment$1,298$34,103$35,401
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Other Assets Org$14,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sara Ellis CardonaExecutive DirectorFT$65,000$65,000

Board Members and Trustees

NameTitle
John FullinwiderPresident
Jackson BaileyVice President
Carmen GuzmanBoard Member
Cora CardonaBoard Member
Lorenzo GarciaBoard Member
Cynthia Loma MillerMember
Scott Branks Del LlanoMember
Lisa BaileySecretary
Jeff HurstTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$292,110
Program Service Revenue
$36,553
Investment Income
$0
Other Revenue
$0
All Other Contributions
$159,350
Change in Net Assets
$83,874

Audited Revenue Reconciliation

Revenue per Audited Statements
$328,663
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$24,885
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$353,548
Total Revenue per Form 990
$328,663
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$125,667
Salaries, Compensation, and Employee Benefits$119,122
Total Fundraising Expense$37,193
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$22,100$19,500$23,400$65,000
Fees for Services Other$64,023--$64,023
Other Salaries and Wages$11,427$25,139$9,141$45,707
Occupancy$23,405$1,546$1,546$26,497
Office Expenses$6,367$2,627$80$9,074
Fees for Services Accounting-$8,737-$8,737
Payroll Taxes$2,548$3,393$2,474$8,415
Advertising$6,580$94$94$6,768
Travel$3,424$471-$3,895
Insurance$2,538$363$363$3,264
Conferences and Meetings$2,309$776-$3,085
Depreciation Depletion$98$131$95$324
Total Functional Expenses$144,819$62,777$37,193$244,789

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$269,674
Expenses per Audited Statements$244,789
Total Expenses per Form 990$244,789
Expenses Not Reported on Form 990$24,885
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
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$5,000$20,000▲ $15,000
Receivables from Officers, Directors, Trustees, and Key Employees$0--
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
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, Section A, Line 2

Board member Cora Cardona is the wife of board treasurer, Jeff Hurst.

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

The Executive Director reviews the 990 prior to filing by doing the following: reviewing the yes/no answers given on the 990 form for accuracy, cross referencing the financial numbers to the financial statements, and corroborating other information given on the form based on firsthand knowledge of the organization. Then, the 990 Form is emailed to board members for review and feedback, if any.

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

Each board member and key employee is given a copy of the conflict of interest policy. On an annual basis major business relationships are reviewed for any possible conflicts of interest transactions.

Form 990, Part VI, Section B, Line 15

The governing body reviews and approves compensation package for the Artistic Director. Any board member with a conflict of interest with respect to the compensation in question is not allowed to participate in the deliberations. All documents used to justify the compensation package given, notes of discussions conducted, and final decisions made are maintained within the minutes of meeting held.

Form 990, Part VI, Section C, Line 19

Our 990 report is made available to the general public through guidestar website. Our financial statement information is included in our 990 report. Our articles of incorporation and bylaws are made available upon request. Our financial statements and operating policies are made available to the general public upon request.

Filing and Contact Details

Filer

Filer Name
Teatro Hispano De Dallas
EIN
75-2056765
Phone
2146896492
Address
1230 River Bend Drive Suite 111, Dallas, TX 75247

Signing Officer

Name
Sara Cardona
Title
Executive Director
Phone
9722262532
Signed
2022-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sara Ellis Cardona
Formed
1985
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
25

Preparer

Firm
Darrell Harris CPA PC
Address
PO Box 800851, Dallas, TX 75380
Preparer
Darrell Harris CPA
Phone
2148834382
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Production Coordinator, Designers, Actors, tech labor, etc

Financial Statement Notes

Schedule D, Part X, Line 2

Organization is a not-for-profit organization that is exempt from federal income taxes under Section 501(c) (3) of the Internal Revenue Code as other than a private foundation. The Organization is not aware of any activities that would jeopardize its tax-exempt status and is not aware of any activities that are subject to tax on unrelated business income. As of December 31, 2021, the Organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. With few exceptions, Federal information returns filed prior to 2018 for the Organization are no longer subject to examination by tax authorities.

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IRS990/Desc0Teatro Dallas created a series of new works performed across non-traditional spaces in Dallas called Desmodernidad. The series presented three stand-alone presentations of. New commissioned films, performance art pieces, dance and music and were presented out doors in machine yards, parking lots and a community center. Each event included a boxed meal. From local, ethnic eateries representing cuisine from India, Mexico and Jamaica. This series was followed by Soltar! our first collaboration with Cara Mia Theatre CO. Soltar! invited audiences to gather at Exall Park in East Dallas and create costumes. Then, in an interactive procession that included giant puppets and a second line band, audiences move to the plaza of the Latino Cultural Center for a medieval-style pageant and play that explored the theme of spring, ritual and renewal through live music, dance and theater. In the summer, our 2020 production A Grave Is Given Supper was revamped for an indoor staging in New York City at the New Ohio Theater Ice Festival. Directed by Claudia Acosta and starring Elena Hurst, it is based on an original text by poet Mike Soto about a fictional border town and the couple who navigates its surreal landscape in search of a better future. This Narco-Acid Western is told in a series of interlinked poems. We follow the converging paths of two protagonists through El Sumidero, a fictional US/Mexico border town where an ongoing drug war rages. Finally, we concluded our season with the world premiere of The Merit System, a one-act play staged in the round in the new black box theater at the Latino Cultural Center. The production focused on themes of class and assimilation. Set in 1970s NYC, the characters reflected the contemporary realities of newly arrived Puerto Ricans, who are experiencing another diasporic wave after hurricanes and infrastructure collapse on the island.
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IRS990/MissionDesc0Teatro Dallas is committed to the cultural empowerment of the Latino community by representing our varied experiences, voices, and artistic expressions. Through high quality theatrical programming Teatro Dallas employs the power of theater to celebrate our diverse traditions while strengthening our community.
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IRS990/PrincipalOfficerNm0Sara Ellis Cardona
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IRS990/ProgSrvcAccomActy2Grp/Desc0Teatro Dallas began offering workshops and theater classes for immigrant youth at Heart House, an intake center in Vickery Meadows serving newly arrived families from South Asia, North Africa and the Middle East. These workshops were tailored to children ages 8-14 and were held outside every Monday for two months. "Bongo Talks," our touring presentation, was also presented twice outdoors to families at the Annette Strauss Square stage in downtown Dallas. This production focuses on the power of imagination and is interactive as the central character is activated by engagement with him by youth in the audience. The show features masks, actors and puppets and is about a girl and her magical dog. Available for educational and community events, it is TEKS aligned and emphasizes socio-emotional learning.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.20$0.07$2.13$4.13$3.41$0.72
2023Detailed filing. Detailed filing data is available for this year.$2.07$0.67$1.40$3.17$3.59$0.41
2022Detailed filing. Detailed filing data is available for this year.$2.30$0.49$1.81$2.74$2.78$0.04
2021Detailed filing. Detailed filing data is available for this year.$2.20$0.34$1.85$3.29$2.45$0.84
2020Detailed filing. Detailed filing data is available for this year.$1.07$0.06$1.01$2.09$2.11$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.07$0.04$1.03$2.43$2.66$0.23
2018Detailed filing. Detailed filing data is available for this year.$1.31$0.05$1.26$2.87$2.72$0.15
2017Detailed filing. Detailed filing data is available for this year.$1.18$0.07$1.11$2.31$1.93$0.38
2016Detailed filing. Detailed filing data is available for this year.$0.74$0.01$0.73$1.65$1.70$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.79$0.01$0.78$1.66$1.60$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.72$0.00$0.72$1.42$1.24$0.18
2013Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$1.37$1.16$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.12$0.33$1.05$0.94$0.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.13$0.21$1.18$1.30$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.08$0.33$1.52$1.52$0.00