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Francesco Von Mendelssohn Fund Inc

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

EIN: 223059283 ✦ Philadelphia, PA ✦ Designated as a 501(c)(3)

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Overview

What is Francesco Von Mendelssohn Fund Inc?

Francesco Von Mendelssohn Fund Inc is a nonprofit organization, located in Philadelphia, Pennsylvania, with a focus on providing financial assistance to current and former participants of Marlboro Music. They offer long-term loans at low or zero interest rates to help individuals purchase high-quality musical instruments. As of September 30, 2022, there were 68 outstanding loans still being managed by the organization. The primary objective of Francesco Von Mendelssohn Fund Inc is to support musicians in their artistic pursuits by alleviating some of the financial burdens associated with acquiring necessary musical instruments.

Is Francesco Von Mendelssohn Fund Inc legitimate?

Francesco Von Mendelssohn Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Francesco Von Mendelssohn Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Francesco Von Mendelssohn Fund Inc?

The Francesco Von Mendelssohn Fund Inc. is an organization that provides long-term loans at low or no interest rates to current and former participants of Marlboro Music. The primary purpose of these loans is to assist these individuals in purchasing high-quality musical instruments. As of September 30, 2022, there were 68 outstanding loans under this program. The organization aims to support the musical careers of these participants by providing them with the necessary resources to acquire top-notch musical instruments. By doing so, the fund contributes to the continued growth and development of the musical community.

Who is the CEO of Francesco Von Mendelssohn Fund Inc?

William Roberts is the President of Francesco Von Mendelssohn Fund Inc.

What is the revenue of Francesco Von Mendelssohn Fund Inc?

Francesco Von Mendelssohn Fund Inc's revenue in 2022 was $8,205.

Who are the executives of Francesco Von Mendelssohn Fund Inc and what are their salaries?

There 8 volunteers at Francesco Von Mendelssohn Fund Inc.


Here are 9 key members and their salaries:


Stephen Stamas (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Serkin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Rai (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Berner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Colburn Grigor (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Roberts (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Ginsberg (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marsha Gray (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Philip Maneval (Asst. Treasurer)
  • Compensation: $0
  • Related: $113,929
  • Other: $11,392
Where can I find the form 990 for Francesco Von Mendelssohn Fund Inc?

Francesco Von Mendelssohn Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Francesco Von Mendelssohn Fund Inc

Francesco Von Mendelssohn Fund Inc is an organization dedicated to assisting current and former participants of Marlboro Music by providing them with long-term loans to purchase high-quality musical instruments. The mission of this nonprofit is to offer these loans at low or no interest rates, thereby aiding individuals in acquiring the necessary tools to further their musical careers. As of September 30, 2022, the organization had 68 outstanding loans in operation, reflecting its ongoing commitment to supporting talented musicians.

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Impact




August, 2024

Francesco Von Mendelssohn Fund Inc has a significant impact on the arts community by providing long-term loans to current and former Marlboro Music participants to assist them in purchasing high-quality musical instruments. As of September 30, 2022, the organization had 68 outstanding loans, enabling musicians to access the instruments they need to enhance their craft. By offering loans at low or 0% interest rates, the organization supports the development of musicians and helps to enrich the music community.




This information is meant to be a general summary of Francesco Von Mendelssohn Fund 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
$8,205 (2022)
Expenses
$193 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $8,205
  • Gross Receipts: $8,205

Assets and Liabilities:

  • Total Assets: $3,287,141
  • Total Liabilities: $0
  • Net Assets: $3,287,141

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Organization Details

Founding Year

1989

Principal Officer

William Roberts

Main Address

1528 WALNUT STREET 301, PHILADELPHIA, PA, 19102

NTEE Category

Code: A190 - Arts

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