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Musicians Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 131790739 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Musicians Foundation Inc?

Musicians Foundation Inc, located in New York City, NY, serves as a supporting organization for professional musicians in need. With a small team of three individuals, they offer financial assistance to approximately 130 individuals on an as-needed basis. The foundation's mission is to foster interest and advance the condition and social welfare of professional musicians, providing them with voluntary aid and assistance in times of need. The Musicians Foundation's activities are rooted in this mission, aiming to support and uplift the lives of these talented individuals.


Official website here: www.musiciansfoundation.org

Is Musicians Foundation Inc legitimate?

Musicians Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Musicians Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $86,144
Professional Fundraising Fees: $0
Other Salaries and Wages: $72,875

For more financial information, click here


Official website here: www.musiciansfoundation.org

What is the mission statement of Musicians Foundation Inc?

The Musicians Foundation Inc's mission is centered around fostering interest and improving the condition and social welfare of professional musicians. They fulfill this mission by providing voluntary aid and assistance to these musicians and their families in times of need. The organization operates on an as-needed basis, extending financial assistance to around 130 individuals. The goal is to support the well-being of professional musicians, ensuring they can continue their craft despite any challenges they may face.


Official website here: www.musiciansfoundation.org

Who is the CEO of Musicians Foundation Inc?

Joseph Hertzberg is the Executive Director of Musicians Foundation Inc.


Official website here: www.musiciansfoundation.org

What is the revenue of Musicians Foundation Inc?

Musicians Foundation Inc's revenue in 2022 was $296,871.


Official website here: www.musiciansfoundation.org

Who are the executives of Musicians Foundation Inc and what are their salaries?

The average compensation at Musicians Foundation Inc during 2022 was $53,006. There are 3 employees and 13 volunteers at Musicians Foundation Inc.


Here are 14 key members and their salaries:


Bc Vermeersch (Executive Director)
  • Compensation: $86,144
  • Related: $0
  • Other: $0
Leslie B Dunner (Member Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew T Malloy (Member Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bess Forrell Steiger (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Hertzberg (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Spencer Myer (Member Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Dyess (Member Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michiyo Morikawa (Member Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lance Linares (Member Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas F Parker (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Bloch (Member Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jenna Manula Linares (Member Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Vann (Member Of Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Megeaski (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.musiciansfoundation.org

Where can I find the form 990 for Musicians Foundation Inc?

Musicians Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.musiciansfoundation.org

Learn more at the official website: www.musiciansfoundation.org

Mission Statement of Musicians Foundation Inc

Musicians Foundation Inc, in its mission, seeks to stimulate interest and enhance the condition and social welfare of professional musicians. The organization provides voluntary aid and assistance to these musicians and their families in times of need. By doing so, Musicians Foundation Inc aims to advance the well-being of these individuals who dedicate their lives to the world of music. The foundation offers financial aid on an as-needed basis to approximately 130 individuals, demonstrating its commitment to supporting the community of professional musicians.

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Impact




October, 2024

Musicians Foundation Inc has a significant impact on the lives of professional musicians by fostering interest in the arts and advancing their social welfare. By providing voluntary aid and assistance to musicians and their families when facing challenges, the foundation has been able to offer crucial financial support to approximately 130 individuals in need. This assistance not only alleviates immediate hardships but also contributes to the overall well-being of the music community, enabling musicians to continue their craft and maintain their livelihoods. The foundation’s efforts promote resilience within the artistic community, ensuring that musicians can pursue their passions even in times of difficulty.




This information is meant to be a general summary of Musicians Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$296,871 (2022)
Expenses
$474,557 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $139,955
  • Program Service Revenue: $5,989
  • Gross Receipts: $1,796,045

Assets and Liabilities:

  • Total Assets: $2,518,406
  • Total Liabilities: $1,943
  • Net Assets: $2,516,463

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

OTHER PROGRAM INCOME

Revenue

$5,989

Organization Details

Founding Year

1914

Principal Officer

Joseph Hertzberg

Main Address

875 6TH AVENUE SUITE 2303, NEW YORK, NY, 10001

NTEE Category

Code: A68 - Arts

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