2021-11-22T08:12:34-06:00 2021-01-31 861065772 DELOITTE TAX LLP 695 TOWN CENTER DRIVE SUITE 1000 COSTA MESA CA 92626 990 2020-02-01 954501165 THE LATIN ACADEMY OF RECORDING ARTS & SCIENCES INC LATI 3055760036 3470 NW 82ND AVENUE NO 600 MIAMI FL 331221028 JAVIER AGUIRRE CFO 3055760036 2021-11-22 1 JAVIER AGUIRRE 999009999 JESSICA KARANTONIS P00969387 7144367100 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z THE LATIN RECORDING ACADEMY MANUEL ABUD 3470 NW 82ND AVENUE NO 600 MIAMI FL 331221028 53446600 0 X WWW.LATINGRAMMY.COM X 1994 DE THE ORGANIZATION'S MISSION IS TO ADVANCE THE ARTS AND SCIENCES OF RECORDING LATIN MUSIC 16 16 26 120 0 0 158192 0 20702651 17079275 1096719 1229639 234621 158712 22192183 18467626 1400000 1679357 0 0 4963361 5834281 0 0 0 12737268 7670023 19100629 15183661 3091554 3283965 30909301 33416725 4270434 2213284 26638867 31203441 X THE LATIN ACADEMY OF RECORDING ARTS & SCIENCES, INC. WAS ESTABLISHED BY THE NATIONAL ACADEMY OF RECORDING ARTS & SCIENCES TO ADVANCE THE ARTS AND SCIENCES OF RECORDING AND TO FOSTER CREATIVE LEADERSHIP FOR ARTISTIC, CULTURAL, EDUCATIONAL, AND TECHNICAL PROGRESS IN THE RECORDING FIELD IN LATIN AMERICA AND THE LATIN COMMUNITY OF THE UNITED STATES. A PRIMARY ACTIVITY OF THE ORGANIZATION IS THE RECOGNITION OF OUTSTANDING CREATIVE AND TECHNICAL ACHIEVEMENTS IN THE RECORDING ARTS BY ARTISTS IN THE LATIN COMMUNITY WHO ARE DEEMED TO BE MOST WORTHY BY THEIR COLLEAGUES THROUGH AN ANNUAL PRESENTATION OF AWARDS. 0 0 THE LATIN GRAMMY AWARDS EVENT: AN ANNUAL EVENT TO RECOGNIZE EXCELLENCE IN MUSIC AND ITS CREATORS. THE 21ST ANNUAL LATIN GRAMMY AWARDS WAS HELD ON NOVEMBER 19, 2020 AT THE AMERICAN AIRLINES ARENA IN MIAMI. THIS WAS TELECAST BY UNIVISION. IT WAS A HYBRID EVENT (LIVE AND DIGITAL). THIS WAS CAUSED BY COVID-19. THE LATIN GRAMMY PREMIER EVENT: AN ANNUAL EVENT TO RECOGNIZE EXCELLENCE IN MUSIC AND ITS CREATORS. THE 21ST ANNUAL LATIN GRAMMY PREMIER EVENT WAS HELD ON NOVEMBER 19, 2020 BEFORE THE TELECAST OF THE LATIN GRAMMY AWARDS EVENT. IT WAS A DIGITAL EVENT. THIS WAS CAUSED BY COVID-19. THE LEADING LADIES EVENT: AN ANNUAL EVENT TO RECOGNIZE EXCELLENCE OF LATIN WOMEN IN THE ENTERTAINMENT AND MUSIC INDUSTRY. THE EVENT WAS HELD ON NOVEMBER 18,2020 AND IT WAS A DIGITAL EVENT. THIS WAS CAUSED BY COVID-19. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 1 44 0 1 26 1 0 0 0 0 1 1 0 1 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X JAVIER AGUIRRE 3055760036 3470 NW 82ND AVENUE SUITE 600 DORAL FL 331221028 ALOYSIO REIS SECRETARY 1.00 0.00 X X 0 0 0 EDUARDO HUTT CHAIRMAN OF THE BOARD 1.00 0.00 X X 0 0 0 ALEXANDRA LIOUTIKOFF TRUSTEE 1.00 0.00 X 0 0 0 CARLA ESTRADA TRUSTEE 1.00 0.00 X 0 0 0 CARLOS ALVAREZ TRUSTEE 1.00 0.00 X 0 0 0 CHRISTINE ALBERT TRUSTEE 1.00 0.00 X 0 0 0 EDUARDO BERGALLO TRUSTEE 1.00 0.00 X 0 0 0 EDUARDO WEISE TRUSTEE 1.00 0.00 X 0 0 0 EVA CEBRIAN VICE CHAIRWOMAN 1.00 0.00 X 0 0 0 HARVEY MASON JR TRUSTEE 1.00 1.00 X 0 0 0 LAURA TESORIERO CHAIRMAN EMERITUS 1.00 0.00 X 0 0 0 LUIS ALVAREZ FIOL TRUSTEE 1.00 0.00 X 0 0 0 LUIS BALAGUER TRUSTEE 1.00 0.00 X 0 0 0 MANUEL TEJADA TRUSTEE 1.00 0.00 X 0 0 0 PATY CANTU TRUSTEE 1.00 0.00 X 0 0 0 RAFA SARDINA TRUSTEE 1.00 0.00 X 0 0 0 GABRIEL ABAROA PRESIDENT/CEO 40.00 5.00 X 1311282 0 43240 LUIS DOUSDEBES CAMPO 40.00 0.00 X 443983 0 33481 MANUEL ABUD COO 40.00 0.00 X 399597 0 44339 JAVIER AGUIRRE CFO 40.00 0.00 X 356706 0 29931 AIDA SCORZA VP AWARDS 40.00 0.00 X 348982 0 25170 DAVINA ARYEH CMO 40.00 0.00 X 298771 0 41226 IVELIESSE MALAVE VP OF COMMUNICATIONS 40.00 0.00 X 225912 0 11402 LAURA DERGAL VP OF MARKETING AND CONTENT 40.00 0.00 X 166409 0 31378 ADRIANO HAUBENTHAL DIR. DIGITAL STRATEGY 40.00 0.00 X 144890 0 35963 LIVYS CERNA SR. DIR. ARTIST/INDUSTRY RELATIONS 40.00 0.00 X 112097 0 23125 3808629 0 319255 10 0 1 0 NATIONAL ACADEMY OF RECORDING ARTS & SCI 3030 OLYMPIC BLVD SANTA MONICA CA 90404 ADMINISTRATIVE SERVICES 2310319 UNIVISION COMMUNICATIONS INC PO BOX 189 TEANECK NJ 07666 EVENT PRODUCTION 1587783 GVF PRODUCTIONS INC 14803 CRANBROOK AVENUE HAWTHORNE CA 90250 EVENT PRODUCTION 597759 JOE LEWIS COMPANY INC 470 ROSECRANS AVENUE GARDENA CA 90248 MEDIA CENTER PRODUCTION 313106 DELOITTE & TOUCHE LLP 555 W 5TH STREET SUITE 2700 LOS ANGELES CA 90013 ACCOUNTING SERVICES 250267 13 TELECAST REVENUE 900099 14000000 14000000 SPONSORSHIP INCOME 900099 2042271 2042271 FOREIGN SYNDICATION INCOME 900099 810211 810211 MEMBERSHIP DUES 900099 161960 161960 64833 64833 17079275 506880 506880 158712 158712 35701733 34978974 722759 722759 722759 18467626 1037004 0 17430622 1679357 3551642 1516368 92552 439154 234565 115058 276832 140221 1272035 220097 688054 580337 441957 177538 103768 135342 EVENT PRODUCTION COSTS 3299027 TAXES & LICENSES 105695 CATERING SERVICES 45152 PRINTING 6183 62727 15183661 1488066 2311741 8228283 9134575 607616 171751 2289109 2094723 731831 490341 345258 241490 17903369 19367104 47600 95341 30909301 33416725 2072482 815898 161163 140297 2036789 1257089 4270434 2213284 X 26638867 31203441 26638867 31203441 30909301 33416725 3283965 1280609 0 X 0 1 X 1 0 0 1 0 343415 191109 152306 246731 215257 31474 141685 83975 57710 241490 INTERCOMPANY ACCOUNT PAYABLE TO NARAS 304749 ROYALTY PAYABLE TO NARAS 952340 1257089 X 19748235 1280609 1280609 18467626 0 18467626 15183661 0 15183661 0 15183661 PART X, LINE 2: LARAS ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES. FASB ASC 740 PRESCRIBES A COMPREHENSIVE MODEL FOR HOW A COMPANY SHOULD RECOGNIZE, MEASURE, PRESENT, AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT THE COMPANY HAS TAKEN, OR EXPECTS TO TAKE, ON A TAX RETURN. DURING THE YEARS ENDED JANUARY 31, 2021 AND 2020, LARAS DID NOT RECORD ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. 0 0 0 0 0 0 0 0 0 0 SOUTH AMERICA COVID-19 RELIEF 30000 ELECTRONIC FUND/WIRE TRANSFER NORTH AMERICA COVID-19 RELIEF 20000 ELECTRONIC FUND/WIRE TRANSFER NORTH AMERICA COVID-19 RELIEF 11357 CHECK 2 1 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 LATIN GRAMMY CULTURAL FOUNDATION 3470 82ND AVENUE SUITE 600 DORAL FL 33122 464770436 501(C)(3) 1308000 GENERAL SUPPORT FOR OPERATIVE EXPENSES GRAMMY MUSEUM FOUNDATION 888 S FIGUEROA STREET SUITE 600 LOS ANGELES CA 90017 261447714 501(C)(3) 200000 GENERAL SUPPORT FOR THE MUSEUM FOUNDATION'S PROGRAMS MUSICARES FOUNDATION INC 3030 OLYMPIC BOULEVARD SANTA MONICA CA 90404 954470909 501(C)(3) 100000 SUPPORT FOR COVID RELIEF EMERGENCY FUND TJ MARTELL FOUNDATION 417 5TH AVENUE 8TH FLOOR NEW YORK NY 10016 510180178 501(C)(3) 10000 PLATINUM SPONSORSHIP - MEDICAL RESEARCH FOR FINDING CANCER CURE 4 0 PART I, LINE 2: THE LATIN ACADEMY OF RECORDING ARTS & SCIENCES REQUESTS AND ACCEPTS LETTERS FROM THE ORGANIZATIONS DESCRIBING THE ACTIVITIES FOR WHICH FUNDS WERE/WOULD BE USED. IN ADDITION, THE LATIN RECORDING ACADEMY WILL MAINTAIN ONGOING COMMUNICATION WITH THE ORGANIZATION AS TO THEIR PROGRESS IN SUPPORTING AND PROMOTING LATIN MUSIC GROWTH AND ACCOMPLISHMENTS. X 0 0 X X X X X 0 0 0 GABRIEL ABAROA PRESIDENT/CEO 749876 0 544084 0 17322 0 9462 0 33778 0 1354522 0 0 0 LUIS DOUSDEBES CAMPO 434761 0 2400 0 6822 0 9050 0 24431 0 477464 0 0 0 MANUEL ABUD COO 392375 0 2400 0 4822 0 10561 0 33778 0 443936 0 0 0 JAVIER AGUIRRE CFO 348516 0 2400 0 5790 0 7500 0 22431 0 386637 0 0 0 AIDA SCORZA VP AWARDS 332637 0 2400 0 13945 0 12399 0 12771 0 374152 0 0 0 DAVINA ARYEH CMO 292885 0 2400 0 3486 0 9027 0 32199 0 339997 0 0 0 IVELIESSE MALAVE VP OF COMMUNICATIONS 219810 0 2400 0 3702 0 7765 0 3637 0 237314 0 0 0 LAURA DERGAL VP OF MARKETING AND CONTENT 163476 0 2400 0 533 0 3462 0 27916 0 197787 0 0 0 ADRIANO HAUBENTHAL DIR. DIGITAL STRATEGY 143419 0 1200 0 271 0 2967 0 32996 0 180853 0 0 0 PART I, LINE 1B THE ORGANIZATION HAS A WRITTEN POLICY REGARDING PAYMENT OF FIRST CLASS AIR TRAVEL. THE ORGANIZATION'S TRAVEL POLICY ESTABLISHES THAT FOR AIR TRAVEL EXCEEDING 4 HOURS IN LENGTH, PURCHASE OF BUSINESS CLASS TICKETS IS ALLOWED FOR C-OFFICERS, VICE PRESIDENTS AND TRUSTEES. WHEN AVAILABLE, BARTER IS THE PREFERRED METHOD OF AIR TRAVEL. IF BUSINESS CLASS TICKETS ARE NOT AVAILABLE, FIRST CLASS TICKETS CAN BE PURCHASED. IN ADDITION, THE ORGANIZATION WILL CONSIDER THE PURCHASE OF A BUSINESS CLASS (OR FIRST CLASS, IF BUSINESS CLASS IS NOT AVAILABLE) TICKET FOR THE PRODUCERS OF THEIR PROGRAM SERVICES TO ATTEND PRODUCTION MEETINGS AND THE ACTUAL EVENT AND FOR PERFORMERS TO ATTEND EVENTS SPONSORED BY THE ORGANIZATION. THE ORGANIZATION HAS DETERMINED THAT FIRST CLASS TRAVEL MEETS THE BUSINESS REQUIREMENT STANDARD FOR NOT TREATING THE BENEFIT AS COMPENSATORY ON FORMS W-2/1099. TERRY LICKONA FORMER TRUSTEE 115500 LARAS HIRED 0 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: (A) NAME OF PERSON: TERRY LICKONA(D) DESCRIPTION OF TRANSACTION: LARAS HIRED TERRY LICKONA TO CO-PRODUCETHE 21ST LATIN GRAMMY AWARDS. FORM 990, PART VI, SECTION A, LINE 1 ALL MEMBERS OF THE BOARD HAVE THE SAME VOTING RIGHTS WITH THE EXCEPTION OF ONE TRUSTEE AD HONOREM. THE BOARD OF TRUSTEES HAS AUTHORIZED THE EXECUTIVE COMMITTEE TO ACT ON ITS BEHALF. ALL THE ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE ARE RATIFIED BY THE BOARD DURING THE NEXT ANNUAL MEETING. THE EXECUTIVE COMMITTEE IS FORMED BY: CHAIRMAN OF THE BOARD, VICE CHAIRMAN, TREASURER, SECRETARY, THE PRESIDENT/CEO OF THE RECORDING ACADEMY AND THE PRESIDENT/CEO OF THE LATIN RECORDING ACADEMY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT/CEO, AND AFTER HIS APPROVAL IT IS DISTRIBUTED TO THE MEMBERS OF THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE LATIN RECORDING ACADEMY HAS A CONFLICT OF INTEREST POLICY THAT WAS APPROVED BY THE BOARD OF TRUSTEES DURING THE 2021 ANNUAL BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15A THE CEO'S CONTRACT IS APPROVED BY THE EXECUTIVE COMMITTEE AND THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE IS COMPRISED OF TRUSTEES AND OFFICERS, ALL OF WHOM HAVE SIGNIFICANT EXPERIENCE SERVING NON-PROFIT ORGANIZATIONS. THE EXECUTIVE COMMITTEE USES ITS KNOWLEDGE FROM EXPERIENCE, AND IN ADDITION, A COMPARISON OF COMPENSATION DATA FROM COMPARABLE ORGANIZATIONS IS USED. THE SALARY OF EACH EMPLOYEE IS REVIEWED AND APPROVED BY THE PRESIDENT/CEO AND ANY ANNUAL INCREASES FOR THE STAFF ARE DISCUSSED AND APPROVED BY THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 LARAS DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE LATIN GRAMMY CULTURAL FOUNDATION 3470 NW 82ND AVENUE SUITE 700 MIAMI FL 33122 464770436 SCHOLARSHIPS, RESEARCH & PRESERVATION GRANTS AND EDUCATIONAL EVENTS RELATED DE 501(C)(3) LINE 11 THE LATIN ACADEMY OF RECORDING ARTS & SCIENCES INC 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 THE LATIN GRAMMY CULTURAL FOUNDATION B 1308000 CASH