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Nonprofiteer
← LATIN SONGWRITERS HALL OF FAME INC

Form 990 for tax year 2022

Filed by LATIN SONGWRITERS HALL OF FAME INC.

Totals

Total revenue
$485,485
Total expenses
$581,565
Contributions and grants received
$485,485
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$59,662
Total liabilities, end of year
$180,333
Net assets or fund balances, end of year
-$120,671
Program services expenses (Part IX)
$509,008
Management and general expenses
$35,412
Fundraising expenses
$37,145
Program service expenses (Part III)
$509,008

Program services were 87.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $485,485

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $4,400 · management and general $4,400

  • 11g · Fees: other

    total $298,463 · program services $268,360 · management and general $30,103

  • 12 · Advertising and promotion

    total $37,145 · fundraising $37,145

  • 13 · Office expenses

    total $909 · management and general $909

  • 23 · Insurance

    total $10,123 · program services $10,123

  • 24a · Other expenses: Awards

    total $8,495 · program services $8,495

  • 24b · Other expenses: VIP Entertainment

    total $2,528 · program services $2,528

  • 24c · Other expenses: Production Cost

    total $196,802 · program services $196,802

  • 24d · Other expenses: Talent Cost

    total $12,200 · program services $12,200

  • 24e · All other expenses

    total $10,500 · program services $10,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $42,629 · end of year $13,975

  • 4 · Accounts receivable

    beginning of year $39,715 · end of year $39,715

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,972 · end of year $5,972

  • 17 · Accounts payable and accrued expenses

    beginning of year $48,852 · end of year $116,278

  • 24 · Unsecured notes and loans payable

    beginning of year $64,055 · end of year $64,055

  • 27 · Net assets without donor restrictions

    beginning of year -$24,591 · end of year -$120,671

Mission and programs · 2022

Mission

LSHOF will host events and workshops which will enable interaction between upcoming musicians and influential songwriters and composers in Latin music. Through the awarding of scholarships, LSHOF will ensure that access to these events are avaiable to worthy candidates.

  • LSHOF hosted events and workshops that enabled interaction between upcoming musicians and influential songwriters and composers in Latin music.

    Expenses $509,008

As filed on the 2022 return.

Listed in Part VII

  • Betsy Perez

    Secretary

    Total calculated
    $0
    Hours/week
    5
  • Dario Carnevale

    Director

    Total calculated
    $0
    Hours/week
    5
  • Rudy Perez

    Director

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
12 November 2023
IRS schema version
2022v5.0
Source object
202323199349314222

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