THE RICARDO MONTALBAN FOUNDATION INC

EIN: 311653371 501(c)(3) Arts, Culture & Humanities

HOLLYWOOD, CA

Total Revenue
$1,582,353
Total Expenses
$1,364,806
Total Assets
$2,628,861
Net Assets
$1,164,129
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
CA
Principal Officer
GILBERT SMITH
Phone
3238712420
Tax Period
2024-01-01 to 2024-12-31

THE RICARDO MONTALBAN FOUNDATION INC, founded in 1999, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 14% surplus.

Mission

TO PROVIDE A PLACE DEDICATED TO PROMOTING EMPLOYMENT, PROVIDING EDUCATIONAL OPPORTUNITIES, AND IMPROVING THE IMAGE OF LATINOS (AND ALL UNDERREPRESENTED COMMUNITIES) IN THE ENTERTAINMENT INDUSTRY.

Program Service Accomplishments

Program 1
Expenses: $1,065,057 Revenue: $709,015

The Ricardo Montalban Foundation (RMF) acquired the theatre at 1615 Vine Street in Hollywood in 1999, to support opportunities in the performing arts, one stage at a time (Our Mission).Our theatre...

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The Ricardo Montalban Foundation (RMF) acquired the theatre at 1615 Vine Street in Hollywood in 1999, to support opportunities in the performing arts, one stage at a time (Our Mission).Our theatre has required major investment in retrofitting and modernization to enable it to become a valuable and viable venue within the local entertainment industry.RMF provides job opportunities, career development, and training in key roles and skilled positions for young adults who seek careers in live entertainment. In addition to supporting opportunities for playwrights, directors, and performers at our theatre, RMF trains young people in theatre management, contract development, stage management, scenic lighting, sound design, costuming, strategic marketing, ticketing, and audience support. We also provide training in the development andmanagement of social media branding and creative messaging through digital imagery and broadcast quality streams. We actively encourage local talent to bring in more podcasts, creative projects and films. And we assist community organizations with their messaging, fund-raising, and recruiting.Through hosting community events and podcasts, our staff learn to manage events, serve audience needs, broadcast live content, and effectively support industry leaders such as Netflix, Live Nation, A.E.G., and The Nederlander Organization. At the same time, we provide our audiences with access to a wide range of live entertainment and communications.After a Covid-related hiatus, we are again utilizing our rooftop on a nightly basis. Upcoming events include Nosotros Ya Tu Sabes, Hola Mexico Film Festival, One Night in Gotham, Hollywood Chamber Orchestra Concerts, Music and Comedy with Westbeth Entertainment.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $709,015
Investment Income $303
Other Revenue $873,035
TOTAL REVENUE $1,582,353

Expense Breakdown

Grants Paid $0
Salaries & Benefits $552,976
Fundraising Expenses $0
Program Expenses $1,065,057
Other Expenses $811,830
TOTAL EXPENSES $1,364,806

Year-over-Year Comparison

2024 2023 Change
Revenue $1,582,353 $1,167,875 +0.4%
Expenses $1,364,806 $2,312,480 -0.4%
Net Income $217,547 $-1,144,605 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
3
Employees
37
Volunteers
3

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$81,693
Total Directors
4
$81,693
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GILBERT SMITH Chairman 40.00
Officer Director
$81,693 $0 $81,693
RICARDO ORTIZ-BARRETO BOARD MEMBER 40.00
Director
$0 $0 $0
VISMAN CHOW VICE CHAIR/TRSR 5.00
Officer Director
$0 $0 $0
ROBERT LABELLE BOARD MEMBER 5.00
Director
$0 $0 $0
RICK TELLES Secretary 5.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $1,582,353 $1,364,806 $2,628,861 $217,547
2023 $1,167,875 $2,312,480 $2,115,512 $-1,144,605
2022 $1,493,771 $1,515,091 $2,183,966 $-21,320
2021 $1,316,785 $883,537 $2,256,897 $433,248
2020 $335,787 $728,419 $1,904,666 $-392,632
2019 $1,572,042 $1,541,188 $2,050,840 $30,854
2018 $1,213,549 $1,448,157 $2,026,284 $-234,608
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