Musical Fund Society Of Philadelphia

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

EIN: 230901643 ✦ Philadelphia, PA ✦ Designated as a 501(c)(4)

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Overview

What is Musical Fund Society Of Philadelphia?

The Musical Fund Society of Philadelphia is a long-standing nonprofit organization, established in 1820, with a mission to foster the growth and appreciation of music in the Philadelphia region. They achieve this by providing grants to local musical institutions and talented musicians, aiding in their career advancement. The society's activities are centered around supporting the cultivation of musical skills and promoting the dissemination of musical taste. By investing in cultural life and the musical legacy of the area, the Musical Fund Society of Philadelphia plays a pivotal role in building a vibrant community surrounding classical music.


Official website here: www.musicalfundsociety.org/

Is Musical Fund Society Of Philadelphia legitimate?

Musical Fund Society Of Philadelphia is a legitimate nonprofit organization registered as a 501(c)(4) entity. Musical Fund Society Of Philadelphia 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


Official website here: www.musicalfundsociety.org/

What is the mission statement of Musical Fund Society Of Philadelphia?

The Musical Fund Society of Philadelphia, established in 1820, was primarily founded with the aim of promoting the cultivation of skill and the diffusion of taste in music. This organization actively invests in the cultural life and musical legacy of various regions by supporting local music institutions, aiding in the career advancement of exceptional young artists, and fostering a sense of community around classical music. Through the awarding of grants to musical institutions and musicians, the Musical Fund Society assists in career development in the musical arts and supports programs that promote the cultivation of musical skills and the dissemination of musical appreciation.


Official website here: www.musicalfundsociety.org/

Who is the CEO of Musical Fund Society Of Philadelphia?

Robert Blacksberg is the President of Musical Fund Society Of Philadelphia.


Official website here: www.musicalfundsociety.org/

What is the revenue of Musical Fund Society Of Philadelphia?

Musical Fund Society Of Philadelphia's revenue in 2022 was $370,625.


Official website here: www.musicalfundsociety.org/

Who are the executives of Musical Fund Society Of Philadelphia and what are their salaries?

There 25 volunteers at Musical Fund Society Of Philadelphia.


Here are 16 key members and their salaries:


Linda Reichert (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Blacksberg (Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Bryan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Galvan (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nancy Drye (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bernard Resnick (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Rhoads (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
William H Roberts (Counselor-At-Law)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Webber (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erik Petersons (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joan Kimball (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Miller (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Mortensen (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Catherine Cahill (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Liza Vick (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert F Marvin (Physician To The Society)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.musicalfundsociety.org/

Where can I find the form 990 for Musical Fund Society Of Philadelphia?

Musical Fund Society Of Philadelphia's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.musicalfundsociety.org/

Learn more at the official website: www.musicalfundsociety.org/

Mission Statement of Musical Fund Society Of Philadelphia

The Musical Fund Society of Philadelphia, established in 1820, is dedicated to promoting the cultivation of music. Originally founded with the aim of fostering musical skills and broadening musical appreciation, the organization invests in the cultural life and musical legacy of the Philadelphia region. It achieves this by supporting local music institutions, nurturing the careers of exceptional young artists, and fostering a sense of community around classical music.

In pursuing its mission, the Musical Fund Society of Philadelphia awards grants to musical institutions and musicians. These grants are designed to assist in career advancement in the musical arts and to support programs that promote the development of musical skills and the dissemination of musical taste. By doing so, the organization plays a significant role in enriching the musical landscape of the Philadelphia region and ensuring that classical music continues to thrive.

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Impact




October, 2024

The Musical Fund Society of Philadelphia significantly enhances the cultural landscape of the Philadelphia region by actively promoting the cultivation of music. With a mission rooted in the advancement of musical skill and the appreciation of music, the Society awards grants to both musical institutions and individual musicians. This support facilitates career advancement for exceptional young artists while also fostering programs that enhance the community’s relationship with classical music.

Since its founding in 1820, the Society has played a vital role in nurturing local talent and preserving the rich musical heritage of Philadelphia. By investing in the region's artistic community, it not only elevates individual careers but also contributes to a vibrant musical culture that benefits residents and visitors alike. Through its initiatives, the Musical Fund Society of Philadelphia cultivates a deeper appreciation for the arts, ensuring that the legacy of music continues to thrive in the community.




This information is meant to be a general summary of Musical Fund Society Of Philadelphia. 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
$370,625 (2022)
Expenses
$235,671 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $361,270
  • Program Service Revenue: $8,355
  • Gross Receipts: $1,113,900

Assets and Liabilities:

  • Total Assets: $3,530,219
  • Total Liabilities: $22,486
  • Net Assets: $3,507,733

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Programs

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

MEMBERSHIP DUES

Revenue

$8,355

Organization Details

Founding Year

1820

Principal Officer

Robert Blacksberg

Main Address

PO BOX 22464, PHILADELPHIA, PA, 19110

NTEE Category

Code: A68 - Arts

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