Overview
What is The Ricardo Montalban Foundation Inc?
The Ricardo Montalban Foundation Inc, also known as The Montalban, is a nonprofit organization situated in Hollywood, California. Established with the vision of promoting equality and opportunities for Hispanics, it serves as a hub for mentorship and education for aspiring artists in music, dance, acting, and stage and film production. Despite COVID-related closures impacting its programs, The Montalban has been rebuilding its schedule with events like "Nostros YA Tu Sabes" and "Hola Mexico Film Festival." The organization's mission is to provide a platform for employment, offer educational opportunities, and enhance the image of underrepresented communities, including Latinos, in the entertainment industry. With around 38 employees, The Montalban hosts diverse productions and educational conferences, such as the "Motion Plus Design" conference attended by a teacher and her students from Tijuana, Mexico.
Official website here: www.themontalban.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 40%
The Ricardo Montalban Foundation Inc has received a low score of 40%, resulting in a Zero-Star out of Four Star rating. This indicates significant concerns regarding the charity's accountability and financial practices. While the organization boasts a fully independent board, shortcomings in areas like financial statement transparency and the absence of key policies have negatively impacted its overall rating.
Strengths noted include a fully independent board and good performance on material diversion of assets, suggesting some level of governance integrity. However, the foundation scored poorly on financial statement reporting and lacks essential policies for conflict of interest and whistleblower protection, which raises questions about operational transparency.
Overall, the charity's financial health is overshadowed by its lack of compliance with standard nonprofit governance practices. The very low program expense ratio also raises concerns about how effectively the organization utilizes its funds for its intended charitable purposes.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Ricardo Montalban Foundation Inc?
82% of 514 reviewers on Facebook recommend The Ricardo Montalban Foundation Inc. Here's a summary of their views:
While the majority of participants appreciate the work done by the foundation, there are some concerns regarding the experience offered. A review highlighted dissatisfaction with the menu choices, citing a desire for more exciting and flavorful options, and expressed disappointment over the service approach, feeling pressured to purchase more.
Overall, many supporters value the foundation's mission, yet there's room for improvement in the dining experience to meet visitor expectations better.
This AI summary has been generated from reviews found on Facebook.
Is The Ricardo Montalban Foundation Inc legitimate?
The Ricardo Montalban Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Ricardo Montalban Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $81,693
Professional Fundraising Fees: $0
Other Salaries and Wages: $422,206
For more financial information, click here
Official website here: www.themontalban.com
What is the mission statement of The Ricardo Montalban Foundation Inc?
The Ricardo Montalban Foundation's mission is centered around promoting employment opportunities and providing educational resources, with a focus on improving the representation of underrepresented communities, particularly Latinos, in the entertainment industry. The organization aims to enhance the image of these communities within this sector. To achieve this, the foundation established a physical location serving as a hub for mentorship and education, catering to young artists in various fields such as music, dance, acting, and film production. The foundation hosts diverse productions, often featuring artists from underrepresented communities. Unfortunately, their programs were impacted by COVID-related closures. However, with the aid of relief grants, the foundation has been rebuilding its programming schedule, with upcoming events like 'Nosotros Yá Tú Sabes', 'Hola México Film Festival', and 'El Gigante de la Comedia'.
Official website here: www.themontalban.com
What is the revenue of The Ricardo Montalban Foundation Inc?
The Ricardo Montalban Foundation Inc's revenue in 2024 was $1,582,353.
Official website here: www.themontalban.com
Who are the executives of The Ricardo Montalban Foundation Inc and what are their salaries?
The average compensation at The Ricardo Montalban Foundation Inc during 2024 was $13,619. There are 37 employees and 3 volunteers at The Ricardo Montalban Foundation Inc.
Here are 5 key members and their salaries:
- Compensation: $81,693
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.themontalban.com
Where can I find the form 990 for The Ricardo Montalban Foundation Inc?
The Ricardo Montalban Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.themontalban.com
Learn more at the official website: www.themontalban.com
Mission Statement of The Ricardo Montalban Foundation Inc
The Ricardo Montalban Foundation, named after the renowned Latin actor, is committed to promoting employment opportunities and providing educational resources for individuals from underrepresented communities, particularly Latinos, in the entertainment industry. This mission is accomplished by establishing a physical location serving as a hub for mentorship and education, focusing on young artists in music, dance, acting, and stage and film production. The foundation hosts diverse productions, many featuring Latinx themes or artists from underrepresented communities. Unfortunately, the foundation's programs were impacted by COVID-related closures. With the aid of CA relief grants, The Ricardo Montalban Foundation has been rebuilding its programming schedule, hosting events such as the Nostoros/WB Presents Father of the Bride premiere and the Motion Plus Design conference for motion picture titling professionals. The foundation also utilizes its rooftop for nightly events and has upcoming events like Nosotros y Ahora Tú Sabes, the Hola México Film Festival, and performances by the Hollywood Chamber Orchestra and Westbeth Entertainment.
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Impact
October, 2024
The Ricardo Montalban Foundation Inc significantly impacts the entertainment industry by fostering greater equality and opportunity for Latinx and underrepresented communities. By providing a dedicated space for mentorship and education, it supports young artists in music, dance, acting, and stage and film production. The foundation serves as a vital hub for diverse productions, often highlighting Latinx themes and featuring artists from underrepresented backgrounds.
Despite challenges posed by COVID-related closures, the foundation has been resilient in rebuilding its programming. Initiatives like the Father of the Bride premiere and the international Motion Plus Design conference exemplify its commitment to skill development and networking opportunities. Their partnerships with educators, such as the Tijuana teacher who brought students to participate in the conference, showcase their outreach and impact on the younger generation.
Additionally, the foundation plays an active role in the cultural landscape of Hollywood by hosting a variety of events, including the Hola Mexico Film Festival and performances by the Hollywood Chamber Orchestra. By celebrating and promoting the arts, The Ricardo Montalban Foundation continues to improve the image of Latinx communities and contribute to the overall enrichment of the entertainment industry.
This information is meant to be a general summary of The Ricardo Montalban Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $302
- Program Service Revenue: $709,015
- Gross Receipts: $1,757,895
Assets and Liabilities:
- Total Assets: $2,183,966
- Total Liabilities: $92,779
- Net Assets: $2,091,187
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BAR
Revenue
$474,752
PROGRAM ACTIVITY
Revenue
$174,460
TICKET SALES
Revenue
$59,803
Organization Details
Founding Year
1999
Principal Officer
Gilbert Smith
Website
www.themontalban.comNTEE Category
Code: A60 - Arts
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