Latino Theater Company

“Finance director, as wells as officers of the company, review the return prior to filing.”

“Monitoring and enforcement of the conflict of interest policy is done by the board of directors.”

“Compensation of the organization's top management and key employees is approved by the board of directors.”

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon written request.”

“Production costs: program service expenses 160,427. Management and general expenses 0. Fundraising expenses 0. Total expenses 160,427. Utilities: program service expenses 125,473. Management and general expenses 13,983. Fundraising expenses 0. Total expenses 139,456. Parking: program service expenses 96,374. Management and general expenses 34,935. Fundraising expenses 0. Total expenses 131,309. Maintenance and repair: program service expenses 0. Management and general expenses 106,955. Fundraising expenses 0. Total expenses 106,955. Workers compensation insurance: program service expenses 56,545. Management and general expenses 6,301. Fundraising expenses 0. Total expenses 62,846. Miscellaneous: program service expenses 0. Management and general expenses 46,860. Fundraising expenses 0. Total expenses 46,860. Meals and entertainment: program service expenses 29,962. Management and general expenses 5,735. Fundraising expenses 0. Total expenses 35,697. Staff development: program service expenses 29,680. Management and general expenses 2,000. Fundraising expenses 0. Total expenses 31,680. Dues and subscriptions: program service expenses 0. Management and general expenses 6,796. Fundraising expenses 0. Total expenses 6,796.”

“Return is being amended to reflect the changes of a prior year amended return that was done to account for donated use of facilities provided to the organization. This change affected the begining balances on form 990. The return is also being amended to include revenue that was pledged but not received in 2023 and to include compensation of two officers and an accrued expense. Schedule l was also removed due to no active loans from officers of the organization. Changes on form 990 part i: begining balances (prior year) amounts were changed on lines 8, 12, 17, and 20 to reflect 2022 amended return. Line 8 (revenue), net change was an increase of $1,794,793 that includes 144,180 to record portion of donated use of facilities as well as 1,650,613 of contributions pledged during 2023. Line 17 & 18 (expenses), net change was an increase of $22,500 to record accrued expenses.”