Latino Music Education Network
- Assets
- $128.9k
- Revenue
- $253.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Menlo Park, CA
- Founding
- Data as of
- 06/2022
- EIN
- 85-0798588
Organization Overview
Latino Music Education Network, operating under the name Quinteto Latino, is located in Menlo Park, CA. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quinteto Latino is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Quinteto Latino generated $253.1k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $166.3k during the year ending 06/2022. While expenses have increased by 2.8% per year over the past 3 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO DISRUPT RACIAL AND ECONOMIC DISPARITIES WITHIN THE CLASSICAL MUSIC FIELD BY CHAMPIONING PAST PRESENT AND FUTURE CONTRIBUTIONS BY LATINO COMPOSERS AND MUSICIANS. OUR PURPOSE IS TO PROMOTE CLASSICAL MUSIC BY LATINO AND LATIN AMERICAN COMPOSERS THROUGH PERFORMANCES COMMISSIONS MENTORING AND CHILD AND ADULT EDUCATION. OUR VISION IS TO EXPAND THE BOUNDARIES OF A CLASSICAL MUSIC TRADITION COMMONLY PERCEIVED AS PREDOMINANTLY WESTERN-EUROPEAN BY NORMALIZING EQUITY AND INCLUSION IN ALL OUR WORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
QUINTETO LATINO: A WOODWIND QUINTET THAT PROMOTES CLASSICAL MUSIC BY LATINO AND LATIN AMERICAN COMPOSERS. THE 3 MAIN AREAS OF ACTIVITY WERE: 1. PERFORMANCES WHICH WERE MAINLY LIMITED TO VIRTUAL ONES DUE TO COVID DURING 2021-2022. 2. MUSIC EDUCATION AND 3. MENTORING AND TRAINING FOR PUBLIC SCHOOL TEACHERS AND TEACHING ARTISTS.
CONSULTING SERVICES: CONSULTING AND TECHNICAL SERVICES TO ORGANIZATIONS AND INSTITUTIONS THAT SEEK TO IMPROVE THEIR OUTREACH AND SERVICES FOR LATINO AND LATIN AMERICAN AUDIENCES. ALSO DEVELOPMENT OF COLLATERAL MATERIALS FOR SOCIAL JUSTICE CONSULTATIONS. AS NATIONAL LEADERS FOR RACIAL EQUITY IN CLASSICAL MUSIC ORCHESTRAS AND CONSERVATORIES HAVE SOUGHT OUT LMEN'S EXPERIENCE AND EXPERTISE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Armando Castellano Chair Board Of Directors | OfficerTrustee | 4 | $0 |
Marianne Lacrosse Secretary Treasurer Board Of Directos | OfficerTrustee | 2 | $0 |
Karen Cueva Member Board Of Directors | Trustee | 1 | $0 |
Julia Curry Rodriguez Member Board Of Directors | Trustee | 1 | $0 |
Laura Hale Member Board Of Directors | Trustee | 1 | $0 |
Jose Santos Member Board Of Directors | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $193,131 |
| Investment income | $0 |
| 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 | $253,100 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $81,915 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $35,110 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,534 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,485 |
| Travel | $5,499 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $667 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,277 |
| All other expenses | $0 |
| Total functional expenses | $166,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,713 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,688 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,500 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $128,901 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $2,500 |
| 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 | $2,500 |
| Net assets without donor restrictions | $123,401 |
| Net assets with donor restrictions | $3,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $126,401 |