Overview
What is The Latin Academy Of Recording Arts & Sciences Inc?
The Latin Academy of Recording Arts & Sciences Inc, also known as The Latin Recording Academy, is a Miami, Florida-based nonprofit organization established by the National Academy of Recording Arts & Sciences. Their mission is to promote and advance the arts and sciences of recording Latin music. Each year, they recognize outstanding creative and technical achievements in the recording industry among Latin artists. The 23rd annual Latin Grammy Awards ceremony took place on November 17, 2022, at the Michelob Ultra Arena in Las Vegas, and was broadcast by Univision as a live event. The organization's activities contribute to artistic, cultural, educational, and technical progress within the Latin recording field in the Americas and the Latin community in the United States. With a team of 47 employees, The Latin Recording Academy fosters creativity and leadership in the Latin music industry through annual award presentations.
Official website here: www.latingrammy.com
What are the reviews and ratings of this charity?
The Latin Academy Of Recording Arts & Sciences Inc is currently not rated by Charity Navigator. This absence of a rating does not automatically suggest the organization is either favorable or unfavorable. Charity Navigator's evaluation process primarily considers organizations that are registered as 501(c)(3) nonprofits, which affects The Latin Academy's eligibility for a rating due to its different IRS classification.
As The Latin Academy is not a 501(c)(3) nonprofit, it cannot be assessed using Charity Navigator's Accountability & Finance or Impact & Measurement methodologies. Moreover, it lacks publicly available financial data such as revenue, expenses, and key personnel salaries because it does not meet the specified criteria involving electronically-filed Form 990 data.
Additionally, the absence of user reviews on GreatNonprofits leaves a gap in community feedback that might otherwise reflect the experiences and sentiments of individuals who have interacted with or benefited from The Latin Academy. This limited scope of available data means external accountability and customer experience evaluations remain incomplete.
This AI summary has been generated from information found on Charity Navigator.
Is The Latin Academy Of Recording Arts & Sciences Inc legitimate?
The Latin Academy Of Recording Arts & Sciences Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. The Latin Academy Of Recording Arts & Sciences 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: $3,858,455
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,013,631
For more financial information, click here
Official website here: www.latingrammy.com
What is the mission statement of The Latin Academy Of Recording Arts & Sciences Inc?
The Latin Academy of Recording Arts & Sciences Inc is dedicated to advancing the arts and sciences of recording Latin music. Established under the umbrella of the National Academy of Recording Arts & Sciences, this organization's primary goal is to recognize outstanding creative and technical achievements in the recording industry among artists from the Latin community. The Academy fosters creative leadership and promotes artistic, cultural, educational, and technical progress in the recording field within Latin America and the Latin community in the United States (paraphrased from the provided information). Through an annual awards presentation, the organization honors those in the Latin music industry deemed most worthy by their peers.
Official website here: www.latingrammy.com
Who is the CEO of The Latin Academy Of Recording Arts & Sciences Inc?
Manuel Abud is the CEO of The Latin Academy Of Recording Arts & Sciences Inc The CEO's salary of The Latin Academy Of Recording Arts & Sciences Inc is $644,189 and their total compensation is $700,679.
Official website here: www.latingrammy.com
What is the revenue of The Latin Academy Of Recording Arts & Sciences Inc?
The Latin Academy Of Recording Arts & Sciences Inc's revenue in 2024 was $41,304,325.
Official website here: www.latingrammy.com
Who are the executives of The Latin Academy Of Recording Arts & Sciences Inc and what are their salaries?
The average compensation at The Latin Academy Of Recording Arts & Sciences Inc during 2024 was $146,215. There are 47 employees and 120 volunteers at The Latin Academy Of Recording Arts & Sciences Inc.
Here are 31 key members and their salaries (The Latin Academy Of Recording Arts & Sciences Inc's CEO's salary is $644,189 and their total compensation is $700,679):
- Compensation: $0
- 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
- Compensation: $0
- 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
- Compensation: $0
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $644,189
- Related: $0
- Other: $56,490
- Compensation: $545,547
- Related: $0
- Other: $51,852
- Compensation: $489,427
- Related: $0
- Other: $55,860
- Compensation: $296,933
- Related: $0
- Other: $55,894
- Compensation: $360,275
- Related: $0
- Other: $48,670
- Compensation: $254,548
- Related: $0
- Other: $47,732
- Compensation: $422,710
- Related: $0
- Other: $43,451
- Compensation: $277,035
- Related: $0
- Other: $33,670
- Compensation: $249,665
- Related: $0
- Other: $52,166
- Compensation: $169,358
- Related: $0
- Other: $57,660
- Compensation: $148,768
- Related: $0
- Other: $49,463
- Compensation: $299,838
- Related: $0
- Other: $0
Official website here: www.latingrammy.com
Where can I find the form 990 for The Latin Academy Of Recording Arts & Sciences Inc?
The Latin Academy Of Recording Arts & Sciences Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.latingrammy.com
Learn more at the official website: www.latingrammy.com
Mission Statement of The Latin Academy Of Recording Arts & Sciences Inc
The Latin Academy of Recording Arts & Sciences, Inc. is a renowned organization with a mission to champion the advancement of the arts and sciences of recording Latin music. Established under the National Academy of Recording Arts & Sciences, this prestigious body aims to foster creative leadership and promote artistic, cultural, educational, and technical progress within the recording industry in Latin America and the Latin community in the United States.
At the heart of its mission, The Latin Academy of Recording Arts & Sciences, Inc. recognizes and honors outstanding creative and technical achievements in the recording arts by artists from the Latin community. These artists are selected by their peers as the most deserving recipients of annual awards presented by the organization. By acknowledging and celebrating their accomplishments, the Academy encourages continued innovation and excellence within the Latin music scene.
Moreover, The Latin Academy of Recording Arts & Sciences, Inc. is dedicated to elevating the stature of Latin recording artists both in Latin America and the United States. Through its primary activity, the annual presentation of awards, the organization not only recognizes artists' achievements but also brings attention to their work and contributions to the music industry. As a result, the Academy plays a crucial role in advancing the careers of Latin music artists and furthering the recognition and celebration of Latin music as a global cultural force.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Latin Academy of Recording Arts & Sciences Inc significantly impacts the Latin music industry by promoting excellence in music and recognizing the contributions of artists within the Latin community. Through its annual Latin Grammy Awards, the organization honors outstanding achievements in the recording arts, fostering a sense of pride and accomplishment among creators.
This recognition not only elevates the profiles of artists but also enhances the visibility of Latin music globally, providing a platform for diverse voices and styles. By advancing the arts and sciences of recording, the Academy encourages technical innovation and artistic development, which benefits both emerging and established artists. Additionally, its commitment to nurturing creative leadership contributes to the cultural, educational, and technical progress within the industry, thereby shaping the future of Latin music.
This information is meant to be a general summary of The Latin Academy Of Recording Arts & Sciences 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: $854,968
- Program Service Revenue: $36,399,872
- Gross Receipts: $55,244,147
Assets and Liabilities:
- Total Assets: $40,809,726
- Total Liabilities: $5,829,261
- Net Assets: $34,980,465
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TELECAST REVENUE
Revenue
$17,902,793
SPONSORSHIP INCOME
Revenue
$14,150,404
PROJECT INCOME (POTY)
Revenue
$2,890,325
FOREIGN SYNDICATION INCOME
Revenue
$763,108
STREAMING ROYALTIES
Revenue
$484,750
Organization Details
Founding Year
1994
Principal Officer
Manuel Abud
Website
www.latingrammy.comNTEE Category
Code: A68 - Arts
If you are a representative of The Latin Academy Of Recording Arts & Sciences Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.