Nonprofit · EIN 31-1653371
THE RICARDO MONTALBAN FOUNDATION INC
Tax-exempt · HOLLYWOOD, CA 90028
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,582,353 | $1,364,806 | $217,547 | $2,628,861 | $1,464,732 | $1,164,129 |
| December 31, 2023 | 990 | $1,167,875 | $2,312,480 | -$1,144,605 | $2,115,512 | $1,168,930 | $946,582 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $709,015
- Investment income
- $303
- Net rental income
- $758,348
- Net gain from sales of assets
- $1
- Net income from sales of inventory
- $114,687
- Other revenue
- $873,035
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $81,693
- Other salaries and wages
- $422,206
- Salaries, compensation and benefits (total)
- $552,976
- Professional fundraising fees
- $0
- Legal fees
- $4,654
- Accounting fees
- $48,471
- Occupancy
- $147,315
- Travel
- $1,474
- Depreciation
- $48,850
- Program services (functional)
- $1,065,057
- Management and general (functional)
- $299,749
Balance sheet and other
- Total assets, start of year
- $2,115,512
- Total assets, end of year
- $2,628,861
- Total liabilities, end of year
- $1,464,732
- Net assets, end of year
- $1,164,129
- Land, buildings and equipment
- $1,779,884
- Net assets without donor restrictions
- $1,164,129
- Gross receipts
- $1,757,895
- Employees
- 37
- Volunteers
- 3
- Year formed
- 1999
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GILBERT SMITH | Chairman Trustee or director, Officer | 40 | $81,693 |
| RICARDO ORTIZ-BARRETO | BOARD MEMBER Trustee or director | 40 | $0 |
| VISMAN CHOW | VICE CHAIR/TRSR Trustee or director, Officer | 5 | $0 |
| ROBERT LABELLE | BOARD MEMBER Trustee or director | 5 | $0 |
| RICK TELLES | Secretary Officer | 5 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GILBERT SMITH | Chairman Trustee or director, Officer | 40 | $116,400 | $3,600 |
| RICARDO ORTIZ-BARRETO | BOARD MEMBER Trustee or director | 40 | $0 | $0 |
| VISMAN CHOW | VICE CHAIR/TRSR Trustee or director, Officer | 5 | $0 | $0 |
| ROBERT LABELLE | BOARD MEMBER Trustee or director | 5 | $0 | $0 |
| RICK TELLES | Secretary Officer | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1615 VINE ST, HOLLYWOOD, CA 90028-8802
- In care of
- % MARGARITA CANNON
- Principal officer (990 for 2024)
- GILBERT SMITH, 1615 NORTH VINE STREET, HOLLYWOOD, CA 90028
- Signed the 990
- GILBERT SMITH, Chairman
- Phone
- (323) 871-2420
- Website
- WWW.THEMONTALBAN.COM
- Return prepared by
- Moss Levy & Hartzheim CPAs
California records
California keeps its own records of charities and corporations. Search them by EIN 31-1653371 or by the name THE RICARDO MONTALBAN FOUNDATION INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO PROVIDE A PLACE DEDICATED TO PROMOTING EMPLOYMENT, PROVIDING EDUCATIONAL OPPORTUNITIES, AND IMPROVING THE IMAGE OF LATINOS (AND ALL UNDERREPRESENTED COMMUNITIES) IN THE ENTERTAINMENT INDUSTRY.
Program accomplishments
- The Ricardo Montalban Foundation (RMF) acquired the theatre at 1615 Vine Street in Hollywood in 1999, to support opportunities in the performing arts, one stage at a time (Our Mission).Our theatre has required major investment in retrofitting and modernization to enable it to become a valuable and viable venue within the local entertainment industry.RMF provides job opportunities, career development, and training in key roles and skilled positions for young adults who seek careers in live entertainment. In addition to supporting opportunities for playwrights, directors, and performers at our theatre, RMF trains young people in theatre management, contract development, stage management, scenic lighting, sound design, costuming, strategic marketing, ticketing, and audience support. We also provide training in the development andmanagement of social media branding and creative messaging through digital imagery and broadcast quality streams. We actively encourage local talent to bring in more podcasts, creative projects and films. And we assist community organizations with their messaging, fund-raising, and recruiting.Through hosting community events and podcasts, our staff learn to manage events, serve audience needs, broadcast live content, and effectively support industry leaders such as Netflix, Live Nation, A.E.G., and The Nederlander Organization. At the same time, we provide our audiences with access to a wide range of live entertainment and communications.After a Covid-related hiatus, we are again utilizing our rooftop on a nightly basis. Upcoming events include Nosotros Ya Tu Sabes, Hola Mexico Film Festival, One Night in Gotham, Hollywood Chamber Orchestra Concerts, Music and Comedy with Westbeth Entertainment.Expenses $1,065,057 · revenue $709,015
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1653371
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A60)
- Assets (IRS master file)
- $2,628,861
- Income (IRS master file)
- $1,757,895
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,582,353 | $1,364,806 | $2,628,861 | IRS |
| 990 | December 2023 | $1,167,875 | $2,312,480 | $2,115,512 | XML |
| 990 | December 2022 | $1,493,771 | $1,515,091 | $2,183,966 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1653371).
Questions about THE RICARDO MONTALBAN FOUNDATION INC
- What is the EIN of THE RICARDO MONTALBAN FOUNDATION INC?
- The employer identification number (EIN) of THE RICARDO MONTALBAN FOUNDATION INC is 31-1653371.
- Is THE RICARDO MONTALBAN FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to THE RICARDO MONTALBAN FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE RICARDO MONTALBAN FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE RICARDO MONTALBAN FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE RICARDO MONTALBAN FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE RICARDO MONTALBAN FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names GILBERT SMITH.
- Who are the officers and directors of THE RICARDO MONTALBAN FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $81,693 (GILBERT SMITH, Chairman).
- How much revenue does THE RICARDO MONTALBAN FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,582,353, expenses of $1,364,806 and total assets of $2,628,861 at year end.
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