MusiCares Foundation, Inc.
Fiscal Year
No current fiscal year information is available at this time.
Organizational Budgets and Other Documents
IRS Letter of Exemption
| MusiCares Foundation IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $14,053,875.00 | ||
| Total Expenses | $15,353,857.00 | ||
| Revenue Less Expenses | ($-0.00) | ($-0.00) | ($1,299,982.00) |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $4,932,387.00 | ||
| Government - Federal | $0.00 | ||
| Government - State | $0.00 | ||
| Government - Local | $0.00 | ||
| Government - Unspecified | $0.00 | ||
| Contributions, Gifts, and Grants | $3,632,412.00 | ||
| Indirect Public Support | $0.00 | ||
| Earned Revenue | $4,186.00 | ||
| Investment Income, Net of Losses | $1,436,619.00 | ||
| Membership Dues | $0.00 | ||
| Special Events | $1,850,626.00 | ||
| Revenue In-Kind | $1,497,120.00 | ||
| Other | $700,525.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $12,229,341.00 | ||
| Administration Expense | $2,011,393.00 | ||
| Fundraising Expense | $1,113,123.00 | ||
| Total Revenue/Total Expenses | 92% | ||
| Program Expense/Total Expenses | 80% | ||
| Fundraising Expense/Contributed Revenue | 7% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | $0.00 | Foundations and Corporations $4,932,387.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | $0.00 | Contributions, Gifts and Grants $3,632,412.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | $0.00 | Fundraising Events $1,850,626.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $30,948,923.00 | ||
| Current Assets | $5,422,534.00 | ||
| Long-Term Liabilities | $0.00 | ||
| Current Liabilities | $1,276,781.00 | ||
| Total Net Assets | $29,672,142.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$3,000,000.00
What is the spending policy for your endowment?
Percentage
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2023
Form 990s
Audit Documents
Foundation Staff Comments
| **The financials represented here are for the national MusiCares Foundation activities and do not breakdown Middle Tennessee specific information. Financial figures taken from the 990. In some years, foundation and corporate contributions may be included in the Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. Financial documents prepared by Deloitte Tax, LLP. Comments provided by Nicole Rose 03/22/2023. |
