EIN 46-4770436

Latin Grammy Cultural Foundation

IRS 501(c) type
501(c)(3)
Num. employees
7
City
State
Year formed
2013
Most recent tax filings
2023-01-01
NTEE code, primary
Description
The Latin Grammy Cultural Foundation furthers international awareness and appreciation of the significant contributions of Latin music and its makers to the world's culture. They bring music professionals and well-recognized talent to share their professional experiences in the music industry with students, provide scholarships for Latin music students, and offer education programs such as "Latin Grammy in the schools" to emphasize the importance of music and arts.
Related structure
Latin Grammy Cultural Foundation is a subordinate organization under Latin Recording Academy.
Total revenues
$2,346,253
2023
Total expenses
$2,281,763
2023
Total assets
$2,959,967
2023
Num. employees
7
2023

Program areas at Latin Grammy Cultural Foundation

Scholarships (Latin music education): provide financial support to Latin music students with three annual programs: 1 prodigy scholarship of up to $200k, 3 gifted scholarships of up to $100k each, and 40 tuition assistance scholarships of up to $10k each.
Music research and preservation (Latin music): miscellaneous programs to further the international awareness and appreciation of the significant contributions of Latin music and its makers to the world's culture.
Music education programs (Latin Grammy in the schools): bring music professionals and well-recognized talent to share their professional experiences in the music industry with students and give them advice on the importance of music and arts as an integral part of their education. In partnership with a sponsor and an artist, musical instruments are donated to schools with a music program.

Grants made by Latin Grammy Cultural Foundation

GranteeGrant descriptionAmount
Cristo Rey Miami High SchoolMusical Instruments for Their Music Program$0

Who funds Latin Grammy Cultural Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Latin Recording AcademyGeneral Support for Operative Expenses$1,200,000
Recording AcademyGeneral Support$150,000
Ford Motor Company FundEquity Partnerships$106,000
...and 3 more grants received

Personnel at Latin Grammy Cultural Foundation

NameTitleCompensation
Becky VillaescusaVice President , Development and Industry Partnerships
Izmira Santiago-MikelManaging Director, Operations and Strategy
Raquel EgusquizaExecutive Director$51,498
Lourdes MolaManaging Director of Advancement
Nannette VelezSenior Director of Programs$110,450
...and 5 more key personnel

Financials for Latin Grammy Cultural Foundation

RevenuesFYE 01/2023
Total grants, contributions, etc.$2,308,753
Program services$37,500
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,346,253

Form 990s for Latin Grammy Cultural Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-012023-07-28990View PDF
2022-012022-09-28990View PDF
2021-012021-11-19990View PDF
2020-012021-04-05990View PDF
2019-012020-06-26990View PDF
...and 5 more Form 990s
Data update history
February 22, 2024
Updated personnel
Identified 5 new personnel
November 25, 2023
Received grants
Identified 2 new grant, including a grant for $100,000 from Ford Motor Company Fund
September 25, 2023
Received grants
Identified 1 new grant, including a grant for $1,200,000 from Latin Recording Academy
September 23, 2023
Posted financials
Added Form 990 for fiscal year 2023
September 23, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Grantmaking organizationsArts, culture, and humanities nonprofitsPerforming arts organizationsMusical groupsChapter / child organizationsCharities
Issues
EducationArts, cultural, and humanities
Characteristics
Partially liquidatedOperates internationallyNational levelProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
3470 NW 82nd Ave 600
Doral, FL 33122
Metro area
Miami-Fort Lauderdale-Pompano Beach, FL
County
Miami-Dade County, FL
Website URL
latingrammyculturalfoundation.org/ 
Phone
(305) 576-0036
IRS details
EIN
46-4770436
Fiscal year end
January
Taxreturn type
Form 990
Year formed
2013
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A68: Music
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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