NonprofitsLatin Grammy Cultural Foundation

Arts, Culture & Humanities

Latin Grammy Cultural Foundation

DORAL, FL

Total revenue

$3.7M

Total expenses

$3.4M

Net assets

$1.9M

Grants received

$8.4M

34 grants

EIN

464770436

Tax year

2024

Mission

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.

Programs

2 programs

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: $1.0MGrants: $25K

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: $387KGrants: $80K

Financials

FY 2024

Revenue

Contributions & grants$3.8M
Program service revenue
Investment income
Other revenue
Total revenue$3.7M

Expenses

Grants paid$954K
Salaries & benefits$1.6M
Fundraising$370K
Other expenses$838K
Total expenses$3.4M
Total assets$3.8M
Net assets$1.9M

People

13 listed

NameRoleCompensation

RAQUEL EGUSQUIZA

EXECUTIVE DIRECTOR

Board

$338K

40 hrs/wk

EDUARDO HUTT

MEMBER OF THE BOARD (FROM 8/24)

Board

1 hrs/wk

MANOLO DIAZ

MEMBER OF THE BOARD OF DIRECTORS

Board

1 hrs/wk

MANUEL ABUD

MEMBER OF THE BOARD (FROM 8/24)

Board

1 hrs/wk

MIREYA CISNEROS

MEMBER OF THE BOARD OF DIRECTORS

Board

1 hrs/wk

LUIS COBOS

CHAIR OF THE BOARD OF DIRECTORS

Board

1 hrs/wk

HARVEY MASON JR

VICE CHAIR OF THE BOARD OF DIRECTORS

Board

1 hrs/wk

RAUL VAZQUEZ

SECRETARY OF THE BOARD OF DIRECTORS

Board

1 hrs/wk

GINNY PEIRATS

TREASURER OF THE BOARD (FROM 2/24)

Board

1 hrs/wk

REBECCA VILLAESCUSA

VP, DEVELOPMENT AND INDUSTRY PARTNERSHIPS

Staff

$142K

40 hrs/wk

LOURDES MOLA

MANAGING DIRECTOR, ADVANCEMENT AND PHILANTHROPY

Staff

$138K

40 hrs/wk

IZMIRA SANTIAGO

MANAGING DIRECTOR, OPERATIONS & STRATEGY

Staff

$134K

41 hrs/wk

NANNETTE VELEZ

MANAGING DIRECTOR, PROGRAMS AND DIGITAL MEDIA

Staff

$133K

40 hrs/wk

Grants received

Showing 34 of 34

FromAmountPurposeYear
$1.6M
GENERAL SUPPORT FOR OPERATING EXPENSES
2024
$50K
Sponsorship of Leading Ladies of Entertainment Connect TogetHer Program
2024
$33K
FOUNDATION GIVING TO ANOTHER FOUNDATION OR FOR SCHOLARSHIPS
2024
$25K
GENERAL OPERATING SUPPORT
2024
$10K
LATIN GRAMMY IN THE SCHOOLS ENRICHING THE LIVES OF YOUNG MUSICIANS
2024
$1.5M
GENERAL SUPPORT FOR OPERATIVE EXPENSES
2023
$150K
GENERAL SUPPORT
2023
$106K
EQUITY PARTNERSHIPS
2023
$100K
Program Support
2023
$25K
DONOR-ADVISED FUND
2023
$20K
General support
2023
$17K
SUPPORTING MUSIC EDUCATION AND THE ARTS, HEALTH AND WELFARE AND ENVIRONMENTAL ISSUES
2023
$1.2M
GENERAL SUPPORT FOR OPERATIVE EXPENSES
2022
$150K
GENERAL SUPPORT
2022
$100K
Program Support
2022
$100K
EQUITY PARTNERSHIPS
2022
$1M
GENERAL SUPPORT FOR OPERATIVE EXPENSES
2021
$150K
GENERAL SUPPORT
2021
$150K
GENERAL SUPPORT
2021
$15K
GENERAL FUNDS
2021
$8K
CHARITABLE DONATION
2021
$1.3M
GENERAL SUPPORT FOR OPERATIVE EXPENSES
2020
$150K
GENERAL SUPPORT
2020
$40K
MULTI-CULTURAL
2020
$1K
SUPPORT CHARITABLE ACTIVITIES
2020
$150K
GENERAL SUPPORT
2019
$15K
GENERAL FUNDS
2019
$86K
MULTI-CULTURAL
2018
$40K
BETTER WORLD
2018
$10K
SCHOLARSHIPS AND SCHOLARSHIP SUPPORT
2018
$5K
SUPPORT CHARITABLE ACTIVITIES
2018

Funded by

$8.4M from 13 funders · 34 grants · 2018–2024

The Latin Academy Of Recording

$6.6M · 5 grants · 2020–2024

National Academy Of Recording Arts &

$900K · 6 grants · 2019–2023

Ford Motor Company Fund

$382K · 6 grants · 2018–2023

PlusOnePlusOnePlusOne

$200K · 2 grants · 2022–2023

Aarp

$70K · 2 grants · 2023–2024

The Gloria Estefan Foundation Inc

$50K · 3 grants · 2020–2022

Gibson Gives Foundation

$50K · 2 grants · 2023–2024

United Way Miami Inc

$30K · 2 grants · 2019–2021

Details

EIN464770436
NTEE codeA68
Subsection03
Ruling date2014-08
Formed2013
Employees8
Volunteers8
LATIN GRAMMY CULTURAL FOUNDATION — Mission, Financials & Grants Received | Grantivo