The Ricardo Montalban Foundation Inc
- Assets
- $2.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 14
- Location
- Hollywood, CA
- Founding
- 07/1999
- Data as of
- 12/2021
- EIN
- 31-1653371
Organization Overview
The Ricardo Montalban Foundation Inc is located in Hollywood, CA. The organization was established in 1999. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Ricardo Montalban Foundation Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ricardo Montalban Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Ricardo Montalban Foundation Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $883.5k during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RICARDO MONTALBAN FOUNDATION (THE MONTALBAN), FURTHER ADVANCED ITS VISION OF GREATER EQUALITY AND OPPORTUNITY FOR HISPANICS. THIS ORGANIZATION ESTABLISHED A PHYSICAL LOCATION THAT WOULD SERVE AS A HEADQUARTERS OF MENTORSHIP AND EDUCATION FOR YOUNG ARTIST IN MUSIC, DANCE, ACTING AND STAGE AND FILM PRODUCTION. THE MONTALBAN CONTINUES TO HOST DIVERSE AND ENGAGING PRODUCTIONS, MANY WITH LATINX THEMES OR FEATURING ARTISTS FROM UNDERREPRESENTED COMMUNITIES. THE MONTALBAN PROGRAMS WERE ADVERSELY IMPACTED BY COVID RELATED CLOSURES. WITH THE CA RELIEF GRANTS, THE MONTALBAN HAS BEEN REBUILDING ITS PROGRAMMING SCHEDULE NOSTOROS/WB PRESENTS (2022) FATHER OF THE BRIDE PREMIERE, THE MONTALBAN WAS HOST TO AN INTERNATIONAL ARTISTS CONFERENCE CALLED MOTION PLUS DESIGN FOR WORKING PROFESSIONALS IN THE TITLING BUSINESS FOR MOTION PICTURES. A TEACHER FROM TIAJUANA, MX BROUGHT 50 OF HER STUDENTS UP TO ATTEND THE EDUCATIONAL CONFERENCE. WE ARE UTILIZING OUR ROOFTOP AGAIN ON A NIGHTLY BASIS. UPCOMING EVENTS INCLUDE, NOSOTROS YA TU SABES, HOLA MEXICO FILM FESTIVAL, EL GIGANTE DELA COMEDIA, HOLLYWOOD CHAMBER ORCHESTRA, MUSIC AND COMEDY WITH WESTBETH ENTERTAINMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ricardo Ortiz-Barreto Vice Chair | OfficerTrustee | 40 | $23,992 |
Rick Telles Secretary | OfficerTrustee | 2 | $0 |
Gilbert Smith Chief Executive Officer | OfficerTrustee | 40 | $0 |
Visman Chow Chief Financial Officer | OfficerTrustee | 5 | $0 |
Robbie Labelle Board Member | Trustee | 5 | $0 |
Tom Quinn Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,081,058 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,081,058 |
| Total Program Service Revenue | $133,646 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $84,910 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $17,171 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,316,785 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $23,992 |
| Compensation of current officers, directors, key employees. | $5,998 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $123,163 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,869 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $97,105 |
| Fees for services: Accounting | $46,147 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $85,634 |
| Advertising and promotion | $26,552 |
| Office expenses | $52,552 |
| Information technology | $440 |
| Royalties | $0 |
| Occupancy | $59,361 |
| Travel | $74 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,447 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,098 |
| Insurance | $19,173 |
| All other expenses | $21,298 |
| Total functional expenses | $883,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $348,919 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,836 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,891,142 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,256,897 |
| Accounts payable and accrued expenses | $3,989 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $161,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $136 |
| Total liabilities | $165,125 |
| Net assets without donor restrictions | $2,091,772 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,256,897 |
Grants Awarded
Over the last fiscal year, The Ricardo Montalban Foundation Inc has awarded $8,750 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: PROVIDE ASSISTANCE TO YOUNG EMERGING BROADWAY ACTORS. | $5,000 |
Los Angeles, CA PURPOSE: THE MENTORING AND NURTURING MUSIC STUDENTS FROM KINDERGARTEN TO COLLEGE TO ACTIVATE THEIR COMMUNITIES THROUGH THE POWER OF MUSIC. | $3,000 |
STP FOUNDATION PURPOSE: TO PROVIDE ASSISTANCE TO THE ORGANIZATION TO MENTOR AND EDUCATE BOTH YOUTH AND ADULTS OF ALL AGES; PRIMARY PROGRAMS ARE FOCUSED ON YOUTH DEVELOPMENT, GRAFFITI ABATEMENT, GANG INTERVENTION, AND COMMUNITY ENGAGEMENT PROJECTS. | $750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Teach Inc Los Angeles, CA | $46,053,689 | $17,904,465 |
Transcendence Theater Company Sonoma, CA | $1,498,299 | $4,201,604 |
Foundation For Traditional Cultureinc Mesa, AZ | $308,713 | $3,836,447 |
New Earth Organization Culver City, CA | $3,011,328 | $2,352,178 |
Muse-Ique Pasadena, CA | $2,379,427 | $2,164,576 |
A Noise Within Pasadena, CA | $12,904,846 | $2,707,072 |
Grand Performances Los Angeles, CA | $1,649,335 | $1,940,001 |
Arizona Academy Of The Performing Arts Inc Tempe, AZ | $1,249,723 | $1,575,057 |
Pioneer Center For The Performing Arts Reno, NV | $12,422,546 | $490,309 |
Valley Youth Theatre Phoenix, AZ | $6,747,995 | $6,073,336 |
Childrens Creativity Museum San Francisco, CA | $909,867 | $1,014,568 |
State Theater Of Modesto Inc Modesto, CA | $3,395,163 | $1,010,614 |