2025-12-15T16:18:35-06:00 2025-01-31 861065772 DELOITTE TAX LLP 12830 EL CAMINO REAL SUITE 600 SAN DIEGO CA 92130 990 2024-02-01 464770436 LATIN GRAMMY CULTURAL FOUNDATION LATI 3055760036 3470 NW 82ND AVENUE 600 DORAL FL 33122 RAQUEL EGUSQUIZA EXECUTIVE DIRECTOR 3055760036 2025-12-15 1 1 JOCELYNE MILLER P00634378 6192326500 2024 2025-03-06 01:10:19Z RAQUEL EGUSQUIZA 3470 NW 82ND AVENUE 600 DORAL FL 33122 3799045 0 X LATINGRAMMYCULTURALFOUNDATION.ORG X 2013 DE TO BRING INTERNATIONAL ATTENTION TO THE CONTRIBUTION OF LATIN MUSIC TO THE WORLD'S CULTURE TO PROVIDE HIGH QUALITY EDUCATION FOR YOUNG TALENTED CREATORS OF LATIN MUSIC AND TO PRESERVE LATIN MUSIC GENRES. THE FOUNDATION'S PRIMARY CHARITABLE FOCUS WILL BE PROVIDING SCHOLARSHIPS TO GIFTED AND TALENTED LATIN MUSIC CREATORS BETWEEN 18 AND 24 YEARS OF AGE FROM AROUND THE GLOBE TO PERFECT THE KNOWLEDGE AND INTERPRETATION OF LATIN MUSIC. 8 8 8 8 0 0 2647573 3757930 146138 0 0 0 0 -20716 2793711 3737214 879447 953588 0 0 1270793 1578471 0 20100 369837 784023 837802 2934263 3389961 -140552 347253 3390938 3839225 1887874 1916998 1503064 1922227 THE LATIN GRAMMY CULTURAL FOUNDATION, THROUGH SCHOLARSHIPS, FELLOWSHIPS, GRANTS AND EDUCATION PROGRAMS, FURTHERS INTERNATIONAL AWARENESS AND APPRECIATION OF THE SIGNIFICANT CONTRIBUTIONS OF LATIN MUSIC AND ITS MAKERS TO THE WORLD'S CULTURE. 0 0 1466117 848650 SCHOLARSHIPS FOR LATIN MUSIC EDUCATION: PROVIDE FINANCIAL SUPPORT TO LATIN MUSIC STUDENTS WITH ANNUAL PROGRAMS: PRODIGY SCHOLARSHIP OF UP TO $200K, GIFTED SCHOLARSHIPS OF UP TO $100K EACH, AND TUITION ASSISTANCE SCHOLARSHIPS OF UP TO $10K EACH. 1002245 24938 MUSIC EDUCATION PROGRAMS LIKE 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. 386542 80000 MUSIC RESEARCH AND PRESERVATION OF 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. 2854904 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 15 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AL AR CA CO CT DC FL GA HI IL KS KY MA MD ME MI MN MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV X JAVIER AGUIRRE 3055760036 3470 NW 82ND AVE SUITE 600 MIAMI FL 33122 MANUEL ABUD MEMBER OF THE BOARD (FROM 8/24) 1.00 40.00 X 0 1105113 42362 RAQUEL EGUSQUIZA EXECUTIVE DIRECTOR 40.00 0.00 X 337554 0 45689 NANNETTE VELEZ MANAGING DIRECTOR, PROGRAMS AND DIGITAL MEDIA 40.00 0.00 X 132555 0 39376 LOURDES MOLA MANAGING DIRECTOR, ADVANCEMENT AND PHILANTHROPY 40.00 0.00 X 138174 0 27985 REBECCA VILLAESCUSA VP, DEVELOPMENT AND INDUSTRY PARTNERSHIPS 40.00 0.00 X 142488 0 22037 IZMIRA SANTIAGO MANAGING DIRECTOR, OPERATIONS & STRATEGY 41.00 0.00 X 134175 0 28127 LUIS COBOS CHAIR OF THE BOARD OF DIRECTORS 1.00 0.00 X X 0 0 0 HARVEY MASON JR VICE CHAIR OF THE BOARD OF DIRECTORS 1.00 1.00 X X 0 0 0 RAUL VAZQUEZ SECRETARY OF THE BOARD OF DIRECTORS 1.00 0.00 X X 0 0 0 GINNY PEIRATS TREASURER OF THE BOARD (FROM 2/24) 1.00 0.00 X X 0 0 0 EDUARDO HUTT MEMBER OF THE BOARD (FROM 8/24) 1.00 1.00 X 0 0 0 MANOLO DIAZ MEMBER OF THE BOARD OF DIRECTORS 1.00 0.00 X 0 0 0 MIREYA CISNEROS MEMBER OF THE BOARD OF DIRECTORS 1.00 0.00 X 0 0 0 884946 1105113 205576 5 0 1 0 0 185071 1575000 1997859 6160 3757930 41115 185071 61831 -20716 -20716 3737214 0 0 -20716 29938 29938 8341 8341 915309 915309 626617 465174 16878 144565 651237 582434 21892 46911 41265 35064 1973 4228 176805 148109 4247 24449 82547 67527 2322 12698 22537 22537 27114 27114 20100 20100 263246 219055 31339 12852 4333 1901 2432 49907 31461 6069 12377 402 402 74557 60287 358 13912 -3550 -3550 11822 11822 EVENT PRODUCTION COSTS 314550 246952 7937 59661 GRAMMY AND POTY TICKETS 54800 46500 8300 FUNDRAISING EXPENSES 18084 18084 3389961 2854904 165220 369837 1695346 2808726 405852 698895 1187761 273409 101979 58195 3390938 3839225 428030 445209 1225908 1247319 98000 100000 135936 124470 1887874 1916998 X 938603 941360 564461 980867 1503064 1922227 3390938 3839225 347253 71910 0 X 0 1 X 1 0 X 2079244 1991218 2464283 3115373 3757930 13408048 2079244 1991218 2464283 3115373 3757930 13408048 8084435 5323613 0 0 0 0 0 4100 106987 2800 5300 41115 160302 13568350 0.39240 0.29880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 PAYABLE TO LARAS & NARAS 124470 124470 X 3870955 71910 61831 133741 3737214 0 3737214 3451792 61831 61831 3389961 0 3389961 PART X, LINE 2: LGCF ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES. FASB ASC 740 PRESCRIBES A COMPREHENSIVE MODEL FOR HOW A COMPANY SHOULD RECOGNIZE, MEASURE, PRESENT, AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT AN ENTITY HAS TAKEN, OR EXPECTS TO TAKE, ON A TAX RETURN. DURING THE YEARS YEARS ENDED JANUARY 31, 2025 AND 2024, LGCF DID NOT RECORD ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES 61,831. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES 61,831. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANT-MAKING 353415 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANT-MAKING 70578 NORTH AMERICA 0 0 GRANT-MAKING 16422 SOUTH AMERICA 0 0 GRANT-MAKING 476231 0 0 0 0 0 0 916646 0 916646 SOUTH AMERICA PRESERVATION GRANT 30000 ELECTRONIC FUND/WIRE TRANSFER 0 SOUTH AMERICA PRESERVATION GRANT 30000 ELECTRONIC FUND/WIRE TRANSFER 0 CENTRAL AMERICA AND THE CARIBBEAN RESEARCH GRANT 10000 ELECTRONIC FUND/WIRE TRANSFER 0 0 3 SCHOLARSHIP (PRODIGY, GIFTED, TUITION) CENTRAL AMERICA AND THE CARIBBEAN 12 338415 ELECTRONIC FUND/WIRE TRANSFER SCHOLARSHIP (PRODIGY, GIFTED, TUITION) EUROPE (INCLUDING ICELAND & GREENLAND) 11 70578 ELECTRONIC FUND/WIRE TRANSFER SCHOLARSHIP (TUITION) NORTH AMERICA 3 16422 ELECTRONIC FUND/WIRE TRANSFER SCHOLARSHIP (PRODIGY, GIFTED, TUITION) SOUTH AMERICA 39 416231 ELECTRONIC FUND/WIRE TRANSFER 0 0 0 0 0 0 PART I, LINE 2: LGCF HOLDS PERIODIC COMMUNICATIONS WITH RECIPIENTS AND SUPERVISES PROJECT PROGRESS. IN ADDITION, LGCF OBTAINS DOCUMENTATION OF THE PROJECT/PROGRAM ONCE IT IS FINALIZED. PART I, LINE 3: EXPENDITURES OUTSIDE THE UNITED STATES PRIMARILY CONSIST OF SCHOLARSHIP PAYMENTS MADE DIRECTLY TO FOREIGN EDUCATIONAL INSTITUTIONS ON BEHALF OF AWARD RECIPIENTS. PAYMENTS ARE RECORDED IN U.S. DOLLARS AT THE EXCHANGE RATE IN EFFECT ON THE TRANSACTION DATE, SUPPORTED BY PROPER DOCUMENTATION, AND REVIEWED TO ENSURE COMPLIANCE WITH SCHOLARSHIP AGREEMENTS AND PROGRAM GUIDELINES. X 1 MAIA MCGILL CONSULTING LLC 5240 SW 5TH TERRACE CORAL GABLES FL 33134 GRANT WRITING 0 0 20100 -20100 20100 -20100 AL AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI HOUSE CONCERT 226186 185071 41115 980 60851 226186 185071 41115 980 60851 61831 -20716 1 MIAMI SENIOR HIGH SCHOOL 2450 SW 1ST ST MIAMI FL 33135 596000572 GOVERNMENT ENTITY 0 24938 BOOK MUSICAL INSTRUMENTS MUSICAL INSTRUMENTS FOR THEIR MUSIC PROGRAM 1 0 SCHOLARSHIP (TUITION) 2 8341 PART I, LINE 2: THE ORGANIZATION KEEPS RECORDS OF ALL DOMESTIC GRANTS, INCLUDING AMOUNT, APPLICATION MATERIALS SUBMITTED, AND APPROVAL DOCUMENTATION. THE LATIN GRAMMY CULTURAL FOUNDATION MADE NON-CASH CONTRIBUTIONS (MUSICAL INSTRUMENTS OR RECORDING EQUIPMENT) TO MUSIC PROGRAMS OF LEGALLY ESTABLISHED SCHOOLS OR FOUNDATIONS. WHEN THE FOUNDATION GIFTS A SCHOLARSHIP, THE RECIPIENT SIGNS AN AGREEMENT AND THE FOUNDATION MAINTAINS COMMUNICATION WITH THE SCHOOL TO MONITOR TUITION COSTS AND COURSE SELECTIONS. THE FOUNDATION HAS AN ORGANIZED SCHOLARSHIP GRID TO KEEP TRACK OF EACH STUDENT'S TUITION EVERY SEMESTER AND ANY BALANCES REMAINING FROM ANY OF THE SCHOLARSHIPS GRANTED. X 1 1 X 0 0 0 0 0 0 0 1 0 MANUEL ABUD MEMBER OF THE BOARD (FROM 8/24) 0 680496 0 415053 0 9564 0 14079 0 28283 0 1147475 0 0 RAQUEL EGUSQUIZA EXECUTIVE DIRECTOR 280912 0 52400 0 4242 0 13905 0 31784 0 383243 0 0 0 NANNETTE VELEZ MANAGING DIRECTOR, PROGRAMS AND DIGI 131086 0 1200 0 269 0 1040 0 38336 0 171931 0 0 0 LOURDES MOLA MANAGING DIRECTOR, ADVANCEMENT AND P 136339 0 1200 0 635 0 15200 0 12785 0 166159 0 0 0 REBECCA VILLAESCUSA VP, DEVELOPMENT AND INDUSTRY PARTNER 141533 0 0 0 955 0 4358 0 17679 0 164525 0 0 0 IZMIRA SANTIAGO MANAGING DIRECTOR, OPERATIONS & STRA 133954 0 0 0 221 0 0 0 28127 0 162302 0 0 0 PART I, LINE 1A RAQUEL EGUSQUIZA, EXECUTIVE DIRECTOR, RECEIVED FIRST CLASS TRAVEL. THE BENEFIT WAS NOT TREATED AS TAXABLE COMPENSATION. THE ORGANIZATION HAS A WRITTEN POLICY REGARDING PAYMENT OF FIRST CLASS AIR TRAVEL. THE ORGANIZATION'S TRAVEL POLICY ESTABLISHES THAT FOR AIR TRAVEL EXCEEDING 4 HOURS IN LENGTH, PURCHASE OF BUSINESS CLASS TICKETS IS ALLOWED FOR THE VICE PRESIDENT, PRESIDENT AND TRUSTEES. WHEN AVAILABLE, BARTER IS THE PREFERRED METHOD OF AIR TRAVEL. IF BUSINESS CLASS TICKETS ARE NOT AVAILABLE, FIRST CLASS TICKETS CAN BE PURCHASED. IN ADDITION, THE ORGANIZATION WILL CONSIDER THE PURCHASE OF A BUSINESS CLASS (OR FIRST CLASS, IF BUSINESS CLASS IS NOT AVAILABLE) TICKET FOR THE PRODUCERS OF THEIR PROGRAM SERVICES TO ATTEND PRODUCTION MEETINGS AND THE ACTUAL EVENT AND FOR PERFORMERS TO ATTEND EVENTS SPONSORED BY THE ORGANIZATION. THE ORGANIZATION HAS DETERMINED THAT FIRST CLASS TRAVEL MEETS THE BUSINESS REQUIREMENT STANDARD FOR NOT TREATING THE BENEFIT AS COMPENSATORY ON FORMS W-2/1099. PART I, LINE 7 RAQUEL EGUSQUIZA, EXECUTIVE DIRECTOR, RECEIVED A DISCRETIONARY BONUS DURING 2024. FORM 990, PART VI, SECTION A, LINE 2 HARVEY MASON, JR. AND EDUARDO HUTT HAVE AN EMPLOYMENT RELATIONSHIP WITH MANUEL ABUD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND CFO. AFTER THEIR APPROVAL, IT IS DISTRIBUTED TO THE MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C UNDER THE TERMS OF THE CONFLICT OF INTEREST POLICY, ALL DIRECTORS, OFFICERS, AND KEY EMPLOYEES-DEFINED COLLECTIVELY AS PERSONS IN A POSITION OF TRUST-MUST SUBMIT ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENTS AND PROMPTLY DISCLOSE, IN WRITING, ANY ACTUAL, POTENTIAL, OR APPARENT CONFLICTS OF INTEREST AS SOON AS THEY ARISE. DISCLOSURES ARE REVIEWED BY DESIGNATED AUTHORITIES-THE CHAIR, PRESIDENT/CEO, EXECUTIVE COMMITTEE, OR OTHER RELEVANT LEADERSDEPENDING ON THE PERSON'S ROLE. INDIVIDUALS WITH ACTUAL OR POTENTIAL CONFLICTS MUST FULLY ABSTAIN FROM ANY DISCUSSIONS, DELIBERATIONS, DECISIONS, OR VOTES ON RELATED MATTERS. THEY ARE ALSO REQUIRED TO LEAVE THE ROOM DURING DELIBERATION AND VOTING TO PREVENT INFLUENCE. NON-WAIVABLE CONFLICTS ARE STRICTLY FORBIDDEN AND NOT PERMITTED UNDER ANY CIRCUMSTANCES. FOR WAIVABLE CONFLICTS, A FORMAL WRITTEN WAIVER, FOLLOWING FULL DISCLOSURE AND EVALUATION BY TOP LEADERSHIP, IS REQUIRED BEFORE PROCEEDING WITH ANY RELATIONSHIP OR TRANSACTION THAT MAY POSE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE SALARY OF THE EXECUTIVE DIRECTOR IS DISCUSSED AND APPROVED BY THE BOARD OF DIRECTORS. THE SALARY OF THE VICE PRESIDENT AND EACH EMPLOYEE IS REVIEWED AND APPROVED BY THE EXECUTIVE DIRECTOR/CEO AND ANY INCREASES ARE DISCUSSED AND APPROVED BY THE BOARD OF DIRECTORS. THE LAST DATE FOR THIS PROCESS OF REVIEW TOOK PLACE ON JANUARY 2025. FORM 990, PART VI, SECTION C, LINE 19 LGCF DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE LATIN ACADEMY OF RECORDING ARTS & SCIENCES INC 3470 NW 82ND AVENUE SUITE 600 DORAL FL 33122 954501165 MEMBERSHIP BASED ORGANIZATION THAT PRODUCES THE LATIN GRAMMY AWARDS DE 501(C)(6) N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 THE LATIN ACADEMY OF RECORDING ARTS & SCIENCES INC C 1575000 CASH