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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.
Source: IRS Form 990 (Tax Year 2025)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$3.7M
Program Spending
84%
of total expenses go to program services
Total Contributions
$3.8M
Total Expenses
▼$3.4M
Total Assets
$3.8M
Total Liabilities
▼$1.9M
Net Assets
$1.9M
Officer Compensation
→$626.6K
Other Salaries
$651.2K
Investment Income
$0
Fundraising
▼$41.1K
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2025 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $3.7M | $3.8M | $3.4M | $3.8M | $1.9M |
| 2023 | $2.3M | $2.3M | $2.3M | $3M | $1.3M |
| 2022 | $2.1M | $1.9M | $2M | $2.7M | $1.1M |
| 2021 | $1.8M | $1.8M | $1.8M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2025 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2024 | 990 | DataIRS e-File | |
| 2023 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2025)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Raquel Egusquiza | Executive Director | 40 | $337.6K | $0 | $45.7K | $383.2K |
| Luis Cobos | Chair Of The Board Of Directors | 1 | $0 | $0 | $0 | $0 |
| Harvey Mason Jr | Vice Chair Of The Board Of Directors | 1 | $0 | $0 | $0 | $0 |
| Raul Vazquez | Secretary Of The Board Of Directors | 1 | $0 | $0 | $0 | $0 |
| Ginny Peirats | Treasurer Of The Board (from 2/24) | 1 | $0 | $0 | $0 | $0 |
Raquel Egusquiza
Executive Director
$383.2K
Hrs/Wk
40
Compensation
$337.6K
Related Orgs
$0
Other
$45.7K
Luis Cobos
Chair Of The Board Of Directors
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Harvey Mason Jr
Vice Chair Of The Board Of Directors
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Raul Vazquez
Secretary Of The Board Of Directors
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Ginny Peirats
Treasurer Of The Board (from 2/24)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Nannette Velez | Managing Director, Programs And Digital Media | 40 | $132.6K | $0 | $39.4K | $171.9K |
| Lourdes Mola | Managing Director, Advancement And Philanthropy | 40 | $138.2K | $0 | $28K | $166.2K |
| Rebecca Villaescusa | Vp, Development And Industry Partnerships | 40 | $142.5K | $0 | $22K | $164.5K |
| Izmira Santiago | Managing Director, Operations & Strategy | 41 | $134.2K | $0 | $28.1K | $162.3K |
Nannette Velez
Managing Director, Programs And Digital Media
$171.9K
Hrs/Wk
40
Compensation
$132.6K
Related Orgs
$0
Other
$39.4K
Lourdes Mola
Managing Director, Advancement And Philanthropy
$166.2K
Hrs/Wk
40
Compensation
$138.2K
Related Orgs
$0
Other
$28K
Rebecca Villaescusa
Vp, Development And Industry Partnerships
$164.5K
Hrs/Wk
40
Compensation
$142.5K
Related Orgs
$0
Other
$22K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Eduardo Hutt | Member Of The Board (from 8/24) | 1 | $0 | $0 | $0 | $0 |
| Manolo Diaz | Member Of The Board Of Directors | 1 | $0 | $0 | $0 | $0 |
| Manuel Abud | Member Of The Board (from 8/24) | 1 | $0 | $1.1M | $42.4K | $1.1M |
| Mireya Cisneros | Member Of The Board Of Directors | 1 | $0 | $0 | $0 | $0 |
Eduardo Hutt
Member Of The Board (from 8/24)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Manolo Diaz
Member Of The Board Of Directors
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Manuel Abud
Member Of The Board (from 8/24)
$1.1M
Hrs/Wk
1
Compensation
$0
Related Orgs
$1.1M
Other
$42.4K
| $2.7M |
| $1.1M |
| 2020 | $2.3M | $2.1M | $1.9M | $2.3M | $929.1K |
| 2019 | $1.6M | $1.9M | $1.3M | $1.8M | $583.7K |
| 2018 | $1.7M | $1.6M | $1.6M | $1.6M | $368.7K |
| 2017 | $1.4M | $1.4M | $1.4M | $1.1M | $80.5K |
| 2016 | $946.8K | $946.3K | $1.3M | $665.6K | $50.6K |
| 2015 | $845.5K | $845K | $423.3K | $475.9K | $422.2K |
| 2014 | $0 | — | $0 | $1 | — |
| 2022 | 990 | Data |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990-EZ | Data |
Izmira Santiago
Managing Director, Operations & Strategy
$162.3K
Hrs/Wk
41
Compensation
$134.2K
Related Orgs
$0
Other
$28.1K
Mireya Cisneros
Member Of The Board Of Directors
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0