Latin Grammy Cultural Foundation

Organization Overview

Latin Grammy Cultural Foundation is located in Doral, FL. The organization was established in 2014. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 01/2022, Latin Grammy Cultural Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Latin Grammy Cultural Foundation 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 01/2022, Latin Grammy Cultural Foundation generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $2.0m during the year ending 01/2022. While expenses have increased by 6.3% 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.

Since 2016, Latin Grammy Cultural Foundation has awarded 26 individual grants totaling $403,764. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIPS (LATIN MUSIC EDUCATION): PROVIDE FINANCIAL SUPPORT TO LATIN MUSIC STUDENTS WITH THREE ANNUAL PROGRAMS: 1 PRODIGY SCHOLARSHIP OF UP TO $200K, 3 GIFTED SCHOLARSHIPS OF UP TO $100K EACH, AND 40 TUITION ASSISTANCE SCHOLARSHIPS OF UP TO $10K EACH.


MUSIC EDUCATION PROGRAMS (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.


MUSIC RESEARCH AND PRESERVATION (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.


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Board, Officers & Key Employees

Name (title)Compensation
Tanya Ramos
President
$232,080
Rebecca Villaescusa
Vice President
$230,650
Gabriel Abaroa
President Emeritus
$0
Luis Cobos
Chairperson
$0
Raul Vazquez
Treasurer/secretary
$0
Ginny Peirats
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$1,000,000
Government grants $98,487
All other contributions, gifts, grants, and similar amounts not included above$833,486
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,931,973
Total Program Service Revenue$132,900
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $0
Miscellaneous Revenue$0
Total Revenue $2,064,873

Grants Awarded

Over the last fiscal year, Latin Grammy Cultural Foundation has awarded $59,744 in support to 3 organizations.

Grant RecipientAmount

ROBERT MORGAN EDUCATIONAL CENTER

PURPOSE: MUSICAL INSTRUMENTS FOR THEIR MUSIC PROGRAM

$19,920

HIALEAH GARDENS MIDDLE SCHOOL

PURPOSE: MUSICAL INSTRUMENTS FOR THEIR MUSIC PROGRAM

$19,918

THOMAS JEFFERSON HIGH SCHOOL

PURPOSE: MUSICAL INSTRUMENTS FOR THEIR MUSIC PROGRAM

$19,906
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Latin Grammy Cultural Foundation has recieved totaling $1,026,406.

Awarding OrganizationAmount
Latin Academy Of Recording Arts & Sciences Inc

Miami, FL

PURPOSE: GENERAL SUPPORT FOR OPERATIVE EXPENSES

$1,000,000
United Way Miami Inc

Miami, FL

PURPOSE: GENERAL FUNDS

$15,000
Charities Aid Foundation America

Alexandria, VA

PURPOSE: CHARITABLE DONATION

$8,223
Anthony R Abraham Foundation Inc

Miami, FL

PURPOSE: HUMANITARIAN

$3,183
View Grant Recipient Profile

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