The Ricardo Montalban Foundation Inc
Nonprofit profile at a glance
- EIN
- 311653371
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Hollywood, CA, USA
- Phone
- 3238712420
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Performing Arts Organizations
Reported finances
- Revenue
- $1,582,353
- Expenses
- $1,364,806
- Assets
- $2,628,861
- Liabilities
- $1,464,732
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Highest reported compensation
- GILBERT SMITH (Chairman): $81,693 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 90
- Accountability: 45
- Sustainability: 58
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.6%; rating input score 73
- Program expense ratio: 78%; rating input score 78
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 60%; rating input score 60; 12th percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 13.7%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 1.93; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: 0.56; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 6%; rating input score 50; 50th percentile among comparable filings
Growth
- Program expense growth: 5.5% per year; rating input score 100; 45th percentile among comparable filings
- Revenue growth: 7.5% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 0.2% per year; rating input score 100; 18th percentile among comparable filings
Details
- Where the money goes: 72.6% of revenue deployed · 78% of spending went to programs
- Governance: 3 of 5 board members independent · 2 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.1M in reported program spending
- Leadership: top reported pay $82K · 5 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Governance controls: 5 of 7 not reported.
- High — Sustainability: Liabilities to assets ratio scored 14/100.
- Review — Sustainability: Officer compensation ratio scored 50/100.