Overview
What is Latin Songwriters Hall Of Fame Inc?
Latin Songwriters Hall of Fame Inc, based in Miami Beach, Florida, serves as a platform for emerging musicians and influential songwriters and composers in Latin music. They host events and workshops to facilitate interaction between these two groups, fostering a dynamic and enriching environment for the Latin music industry. To ensure that these opportunities are accessible, the organization awards scholarships to deserving candidates. By doing so, Latin Songwriters Hall of Fame Inc plays a significant role in nurturing and promoting the talent in the Latin music scene.
Official website here: www.latinsonghall.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Latin Songwriters Hall of Fame Inc has received a Two-Star out of Four Star rating with an overall score of 61%. This indicates that while the organization shows some strengths in accountability and finance, there are significant areas needing improvement. Notably, it holds a perfect score for having an independent board and the absence of asset diversion, which reflects a strong governance structure.
However, the organization faces challenges in transparency and financial practices. The absence of key policies, such as a conflict of interest policy and whistleblower policy, raises concerns about governance practices. Moreover, the high liabilities to assets ratio of 302.25% suggests potential financial instability, which could impact its ability to fulfill its mission effectively.
On a positive note, the Latin Songwriters Hall of Fame allocates 76.27% of its expenses directly to programs, indicating a commitment to its core mission. However, the lack of transparency in posting its tax forms and other essential documents can hinder trust among donors and stakeholders. Addressing these limitations could enhance its overall effectiveness and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Latin Songwriters Hall Of Fame Inc legitimate?
Latin Songwriters Hall Of Fame Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Latin Songwriters Hall Of Fame 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.latinsonghall.org
What is the mission statement of Latin Songwriters Hall Of Fame Inc?
The Latin Songwriters Hall of Fame Inc's mission is centered around facilitating interactions between emerging musicians and renowned songwriters and composers in Latin music. They achieve this through hosting events and workshops. Furthermore, the organization awards scholarships to deserving candidates to ensure accessibility to these events. This initiative aims to foster learning and networking opportunities for upcoming talent in the Latin music industry.
Official website here: www.latinsonghall.org
Who is the CEO of Latin Songwriters Hall Of Fame Inc?
Betsy Perez is the Secretary of Latin Songwriters Hall Of Fame Inc.
Official website here: www.latinsonghall.org
What is the revenue of Latin Songwriters Hall Of Fame Inc?
Latin Songwriters Hall Of Fame Inc's revenue in 2022 was $485,485.
Official website here: www.latinsonghall.org
Who are the executives of Latin Songwriters Hall Of Fame Inc and what are their salaries?
Here are 3 key members and their salaries:
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Official website here: www.latinsonghall.org
Where can I find the form 990 for Latin Songwriters Hall Of Fame Inc?
Latin Songwriters Hall Of Fame Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.latinsonghall.org
Learn more at the official website: www.latinsonghall.org
Mission Statement of Latin Songwriters Hall Of Fame Inc
Latin Songwriters Hall of Fame Inc, as an organization, is dedicated to facilitating interactions between emerging musicians and esteemed songwriters and composers in the realm of Latin music. They accomplish this by hosting events and workshops, serving as a bridge between the two groups. Furthermore, Latin Songwriters Hall of Fame Inc is committed to ensuring that these valuable opportunities are accessible to deserving individuals through the provision of scholarships. This proactive approach ensures that promising talent in the Latin music industry does not miss out on these enriching experiences.
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Impact
July, 2024
Latin Songwriters Hall Of Fame Inc's impact lies in providing a platform for upcoming musicians to interact with influential songwriters and composers in Latin music. By hosting events and workshops, they facilitate valuable connections and learning opportunities within the industry. Additionally, through awarding scholarships, they ensure that access to these events is available to deserving candidates, further nurturing talent and creativity in Latin music. Overall, Latin Songwriters Hall Of Fame Inc plays a crucial role in fostering the growth and development of aspiring artists in the Latin music scene.
This information is meant to be a general summary of Latin Songwriters Hall Of Fame 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 2022.
- Gross Receipts: $485,485
Assets and Liabilities:
- Total Assets: $59,662
- Total Liabilities: $180,333
- Net Assets: -$120,671
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Organization Details
Founding Year
2013
Principal Officer
Betsy Perez
Main Address
1688 Meridian Avenue STE 700, Miami Beach, FL, 33139
Website
www.latinsonghall.orgNTEE Category
Code: Z99 - Unknown
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