Loisaida Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO BUILD A CONNECTION BETWEEN COMMUNITY, LEARNERS, ARTISTS AND SCHOLARS THROUGH AFFORDABLE EDUCATION OPPORTUNITIES IN CULTURAL FIELDS, S.T.E.A.M. DESIGN AND EVERYDAY LIFE. (SEE SCHEDULE O)
- Income
- $674,243
- Spending
- $693,496
- Spent on programs
- 76%
- Reserves
- -10.4 months of spending
- Largest source of income
- government grants, 78%
- Employees
- 5
- Volunteers
- 6
- Highest pay
- $998,427, president
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 40 out of 100. Higher than 10% of charities in its peer group (human services, $250k to $1m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
2 of 20It owes 77% of what it owns.
Living within its means
8 of 15Spending exceeded income by 3% of income.
Income trend
15 of 15Income rose 19% on the year before.
Spending floor
15 of 1576% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 91 out of 100. Higher than 77% of charities in its peer group (human services, $250k to $1m).
Independent board
25 of 256 of 6 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $528,036 spent. TO ADDRESS THE SERIOUS ECONOMIC AND SOCIAL DISENFRANCHISEMENT OF POOR AND LOW INCOME LATINO RESIDENTS, WITH EMPLOYMENT AND TRAINING OPPORTUNITIES, COMPREHENSIVE YOUTH DEVELOPMENT INITIATIVES. SINCE REOPENING IN 2014 ALL OUR PROGRAMS HAVE BEEN CAREFULLY CURATED AND DELIVERED BY A CORE GROUP OF HIGHLY COMMITTED EDUCATORS, ARTISTS, PHOTOGRAPHERS, DANCERS, ETC. AMONG THIS CORE GROUP OF FREELANCE INSTRUCTORS AND TEACHING ARTISTS ARE DOCTORS, RESEARCHERS AND PROFESSORS, AN AWARD WINING THEATER TROUPE, MONTESSORI-CERTIFIED TEACHERS, AMONG OTHERS. DELIVERED MORE THAN TWENTY (20) TRANS-GENERATIONAL COMMUNITY AND YOUTH EVENTS. SERVED FIVE HUNDRED (500) PEOPLE THAT ATTENDED THE CENTER. DEVELOPED TWO DISTINCT WEBSITES AND A SOLID SOCIAL MEDIA PRESENCE. REVAMPED AND EXTENDED THE LOISAIDA INC. ANNUAL FESTIVAL.THE NEW COMMUNITY CENTER FACILITY IS APPROXIMATELY 10,000 FEET ON TWO LEVELS WITHIN THE 710 EAST 9TH STREET BUILDING, WHICH ALSO HAS A RESIDENTIAL COMPONENT OF 55 UNITS OF HOUSING FOR YOUTH AGING OUT OF THE NYC FOSTER CARE SYSTEM. THE FIRST LEVEL OF THE TOTALLY ACCESSIBLE COMMUNITY CENTER SPACE HAS ITS OWN PRIVATE ENTRANCE, OFFICE SPACE, AND HOUSES THE MULTIMEDIA ARTS AND TECHNOLOGY. THE PERFORMANCE/MULTIPURPOSE SPACE, DRESSING ROOM, AND COMPLETE GALLEY KITCHEN, AS WELL AS ACCESSIBLE BATHROOM FACILITIES, AND TWO LARGE PRIVATE OPEN AIR SPACES, ARE LOCATED ON THIS LEVEL. THE SECOND GROUND FLOOR/CELLAR LEVEL, WHICH HAS ITS OWN STREET ACCESS, HOUSES ADDITIONAL OFFICE SPACE AND THE TEACHING COMMERCIAL KITCHEN, AS WELL AS THREE LARGE MULTIPURPOSE ACTIVITY ROOMS, ONE OF WHICH WILL BE A YOUTH LOUNGE AND RECREATION SPACE. THE COMMUNITY CENTER HAS ITS OWN ELEVATOR, WHICH ALLOWS FOR EASE OF USE, ACCESSIBILITY, AND TRANSPORT FROM BOTH LEVELS. EDUCATION & TRAINING CAPACITY: OUR FACILITY WAS CREATED WITH EDUCATION AND TRAINING AT THE FOREFRONT OF ITS CORE CAPABILITIES. WE HAVE ACCOMPLISHED THIS BY MIRRORING THE STANDARDS AND REQUIREMENT NEEDED TO BECOME A CERTIFIED TRAINING CENTER FOR OUR MAJOR SOFTWARE PACKAGES. BY ACCOMPLISHING THIS TASK OUR STUDENTS ARE GIVEN AN OPPORTUNITY TO LEARN A MULTITUDE OF APPLICATIONS THAT CAN FOSTER THEIR KNOWLEDGE IN THE AREAS OF MEDIA, WRITING, AND OFFICE SKILLS. ONE OF OUR CLASSROOM/LABS HAS BEEN CONFIGURED WITH SPECIFICATIONS REQUIRED TO ULTIMATELY BECOME AN APPLE AUTHORIZED TRAINING CENTER. PRODUCTION: OUR FACILITY PROVIDES AN IN-HOUSE PRODUCTION AND LIVE STUDIO/VIEWING SPACE ON SITE,AND HAS THE CAPACITY TO PROVIDE AND SUPPORT A WIDE BREATH OF REAL WORLD TOOLS IN THE FIELD OF MEDIA. IN EXPOSING OUR YOUTH TO THIS LEVEL OF CAPACITY, WE ENHANCE THEIR EMPLOYABILITY, ENTREPRENEURIAL OPPORTUNITIES, AND PROVIDE A FOUNDATION OF KNOWLEDGE FOR THEM THAT WILL BE LIFE-CHANGING.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 1982.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.