Nonprofit · EIN 46-4770436
LATIN GRAMMY CULTURAL FOUNDATION
Tax-exempt · DORAL, FL 33122
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| January 31, 2025 | 990 | $3,737,214 | $3,389,961 | $347,253 | $3,839,225 | $1,916,998 | $1,922,227 |
| January 31, 2024 | 990 | $2,793,711 | $2,934,263 | -$140,552 | $3,390,938 | $1,887,874 | $1,503,064 |
Financial details: 990 for the year ended January 31, 2025
Revenue
- Contributions, gifts and grants
- $3,757,930
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- -$20,716
- Other revenue
- -$20,716
Expenses
- Grants and similar amounts paid
- $953,588
- Compensation of officers, directors and key employees
- $626,617
- Other salaries and wages
- $651,237
- Salaries, compensation and benefits (total)
- $1,578,471
- Professional fundraising fees
- $20,100
- Legal fees
- $22,537
- Accounting fees
- $27,114
- Occupancy
- $402
- Travel
- $74,557
- Depreciation
- -$3,550
- Program services (functional)
- $2,854,904
- Management and general (functional)
- $165,220
- Fundraising (functional)
- $369,837
Balance sheet and other
- Total assets, start of year
- $3,390,938
- Total assets, end of year
- $3,839,225
- Total liabilities, end of year
- $1,916,998
- Net assets, end of year
- $1,922,227
- Net assets without donor restrictions
- $941,360
- Net assets with donor restrictions
- $980,867
- Gross receipts
- $3,799,045
- Employees
- 8
- Volunteers
- 8
- Year formed
- 2013
- State of legal domicile
- DE
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 January 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MANUEL ABUD | MEMBER OF THE BOARD (FROM 8/24) Trustee or director | 1 | $0 | $1,105,113 | $42,362 |
| RAQUEL EGUSQUIZA | EXECUTIVE DIRECTOR Officer | 40 | $337,554 | $0 | $45,689 |
| NANNETTE VELEZ | MANAGING DIRECTOR, PROGRAMS AND DIGITAL MEDIA Highest-paid employee | 40 | $132,555 | $0 | $39,376 |
| LOURDES MOLA | MANAGING DIRECTOR, ADVANCEMENT AND PHILANTHROPY Highest-paid employee | 40 | $138,174 | $0 | $27,985 |
| REBECCA VILLAESCUSA | VP, DEVELOPMENT AND INDUSTRY PARTNERSHIPS Highest-paid employee | 40 | $142,488 | $0 | $22,037 |
| IZMIRA SANTIAGO | MANAGING DIRECTOR, OPERATIONS & STRATEGY Highest-paid employee | 41 | $134,175 | $0 | $28,127 |
| LUIS COBOS | CHAIR OF THE BOARD OF DIRECTORS Trustee or director, Officer | 1 | $0 | $0 | $0 |
| HARVEY MASON JR | VICE CHAIR OF THE BOARD OF DIRECTORS Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RAUL VAZQUEZ | SECRETARY OF THE BOARD OF DIRECTORS Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GINNY PEIRATS | TREASURER OF THE BOARD (FROM 2/24) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| EDUARDO HUTT | MEMBER OF THE BOARD (FROM 8/24) Trustee or director | 1 | $0 | $0 | $0 |
| MANOLO DIAZ | MEMBER OF THE BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
| MIREYA CISNEROS | MEMBER OF THE BOARD OF DIRECTORS Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended January 31, 2024: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RAQUEL EGUSQUIZA | EXECUTIVE DIRECTOR Officer | 40 | $290,093 | $48,458 |
| REBECCA VILLAESCUSA | VP, DEVELOPMENT AND IND PARTNERSHIPS Key employee | 40 | $254,786 | $37,948 |
| NANNETTE VELEZ | MANAGING DIRECTOR OF PROGRAMS Highest-paid employee | 40 | $119,463 | $36,921 |
| LUIS COBOS | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| RAUL VAZQUEZ | TREASURER/SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| GINNY PEIRATS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HARVEY MASON JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MANUEL DIAZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIREYA CISNEROS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3470 NW 82ND AVE STE 600, DORAL, FL 33122-1178
- Principal officer (990 for 2024)
- RAQUEL EGUSQUIZA, 3470 NW 82ND AVENUE 600, DORAL, FL 33122
- Signed the 990
- RAQUEL EGUSQUIZA, EXECUTIVE DIRECTOR
- Phone
- (305) 576-0036
- Return prepared by
- DELOITTE TAX LLP
Mission
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.
Program accomplishments
- 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.Expenses $1,466,117 · grants $848,650
- 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.Expenses $1,002,245 · grants $24,938
- 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.Expenses $386,542 · grants $80,000
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 January, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | January 31, 2026 | June 15, 2026 | Not on file |
| 2024 | January 31, 2025 | June 16, 2025 | 990 on file |
| 2023 | January 31, 2024 | June 17, 2024 | 990 on file |
IRS record
- EIN
- 46-4770436
- 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
- 2014
- Accounting year ends
- January
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A68)
- Assets (IRS master file)
- $3,839,225
- Income (IRS master file)
- $3,799,045
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | January 2025 | $3,737,214 | $3,389,961 | $3,839,225 | XML |
| 990 | January 2024 | $2,793,711 | $2,934,263 | $3,390,938 | XML |
| 990 | January 2023 | $2,346,253 | $2,281,763 | $2,959,967 | IRS |
| 990 | January 2022 | – | – | – | IRS |
| 990 | January 2021 | – | – | – | IRS |
| 990 | January 2020 | – | – | – | IRS |
| 990 | January 2019 | – | – | – | IRS |
| 990 | January 2018 | – | – | – | 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 46-4770436).
Questions about LATIN GRAMMY CULTURAL FOUNDATION
- What is the EIN of LATIN GRAMMY CULTURAL FOUNDATION?
- The employer identification number (EIN) of LATIN GRAMMY CULTURAL FOUNDATION is 46-4770436.
- Is LATIN GRAMMY CULTURAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to LATIN GRAMMY CULTURAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LATIN GRAMMY CULTURAL FOUNDATION 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 LATIN GRAMMY CULTURAL FOUNDATION due?
- The return for tax year 2025 (the year ending January 31, 2026) is due June 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LATIN GRAMMY CULTURAL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended January 2025.
- Who is the principal officer of LATIN GRAMMY CULTURAL FOUNDATION?
- The 990 for the year ended January 31, 2025 names RAQUEL EGUSQUIZA.
- Who are the officers and directors of LATIN GRAMMY CULTURAL FOUNDATION?
- The 990 for the year ended January 31, 2025 lists 13 people; 5 received compensation from the organization.
- How much revenue does LATIN GRAMMY CULTURAL FOUNDATION have?
- On its 990 for the year ended January 31, 2025 it reported revenue of $3,737,214, expenses of $3,389,961 and total assets of $3,839,225 at year end.
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