Ifpi Latin America Inc
- Assets
- $250.7k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 6
- Location
- Doral, FL
- Founding
- 08/1996
- Data as of
- 06/2021
- EIN
- 65-0593415
Organization Overview
Ifpi Latin America Inc is located in Doral, FL. The organization was established in 1996. According to its NTEE Classification (A02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Ifpi Latin America Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ifpi Latin America Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2021, Ifpi Latin America Inc generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NON PROFIT ORGANIZATION ENFORCEMENT OF INTELLECTUAL PROPERTY RIGHTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOBBYING/ PERFORMANCE RIGHTS
ANTI-PIRACY
GENERAL & ADMINISTRATIVE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Javier Asensio Director Of Performance Rights | Trustee | 40 | $428,329 |
Armando Lugo Director Of Administration | Trustee | 40 | $198,696 |
Juan Luis Marturet Director Of Business Affairs | Trustee | 40 | $197,036 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,373,417 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,373,417 |
| Total Program Service Revenue | $0 |
| Investment income | $249 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,373,666 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $824,061 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,332 |
| Pension plan accruals and contributions | $51,575 |
| Other employee benefits | $154,913 |
| Payroll taxes | $50,691 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,230 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $198,779 |
| Advertising and promotion | $0 |
| Office expenses | $3,892 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,846 |
| Travel | $1,422 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,509 |
| Insurance | $4,461 |
| All other expenses | $0 |
| Total functional expenses | $1,373,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $185,554 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,004 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,262 |
| Net Land, buildings, and equipment | $4,696 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,207 |
| Total assets | $250,723 |
| Accounts payable and accrued expenses | $204,830 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $204,830 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $45,893 |
| Total liabilities and net assets/fund balances | $250,723 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Youngarts Foundation Supporting Organization Miami, FL | $27,055,723 | $2,603,518 |
Artserve Inc Fort Lauderdale, FL | $667,850 | $1,720,323 |
Ifpi Latin America Inc Doral, FL | $250,723 | $1,373,666 |
Alabama Dance Council Inc Birmingham, AL | $120,959 | $249,457 |
Creative Exchanges Initiative Inc Birmingham, AL | $8,810 | $5,773 |
Greenhouse Ministries Inc Acworth, GA | $1,500 | $0 |
Adoration Artists Inc Jacksonville, FL | $0 | $0 |