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Nonprofiteer
← FRIDAY MORNING MUSIC CLUB FOUNDATION INCORPORATED

Form 990 for tax year 2022

Filed by FRIDAY MORNING MUSIC CLUB FOUNDATION INCORPORATED.

Totals

Total revenue
$85,194
Total expenses
$83,389
Contributions and grants received
$61,605
Grants paid
$24,000
Program service revenue
$2,717
Investment income
$35,049
Other revenue
-$14,177
Total assets, end of year
$657,579
Total liabilities, end of year
$17,297
Net assets or fund balances, end of year
$640,282
Program services expenses (Part IX)
$60,258
Management and general expenses
$23,131
Fundraising expenses
$0
Program service expenses (Part III)
$60,258

Program services were 72.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $61,605

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $2,717 · related or exempt $2,717

  • 3 · Investment income

    total $15,622 · excluded $15,622

  • 7a · Gross sales of assets other than inventory

    securities $146,507

  • 7b · Less cost or other basis and sales expenses

    securities $127,080

  • 7c · Gain or loss

    securities $19,427

  • 7d · Net gain or loss

    total $19,427 · excluded $19,427

  • 8a · Fundraising events: gross income

    $10,210

  • 8b · Fundraising events: direct expenses

    $24,787

  • 8c · Net income from fundraising events

    total -$14,577 · excluded -$14,577

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $400 · excluded $400

  • 11e · Other revenue, total

    $400

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $24,000 · program services $24,000

  • 7 · Other salaries and wages

    total $3,974 · program services $3,974

  • 11c · Fees: accounting

    total $11,642 · management and general $11,642

  • 11f · Fees: investment management

    total $4,635 · management and general $4,635

  • 11g · Fees: other

    total $5,795 · management and general $5,795

  • 12 · Advertising and promotion

    total $1,620 · program services $1,620

  • 13 · Office expenses

    total $2,255 · program services $2,255

  • 14 · Information technology

    total $584 · management and general $584

  • 17 · Travel

    total $3,109 · program services $3,109

  • 22 · Depreciation, depletion and amortization

    total $200 · management and general $200

  • 23 · Insurance

    total $275 · management and general $275

  • 24a · Other expenses: COMPETITION EXPENSES

    total $25,300 · program services $25,300

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $155,090 · end of year $81,687

  • 9 · Prepaid expenses and deferred charges

    beginning of year $243 · end of year $2,543

  • 10a · Land, buildings and equipment: cost or other basis

    $2,400

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,400

  • 10c · Land, buildings and equipment, net

    beginning of year $200 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $523,533 · end of year $560,556

  • 15 · Other assets

    beginning of year $0 · end of year $12,793

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,263 · end of year $17,297

  • 25 · Other liabilities

    beginning of year $9,900 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $132,988 · end of year $104,778

  • 28 · Net assets with donor restrictions

    beginning of year $505,915 · end of year $535,504

Mission and programs · 2022

Mission

PROMOTE MUSICAL CULTURE AMONG ITS MEMBERS AND THE COMMUNITY.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $55,290 · Grants $24,000 · Revenue $2,717

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $4,968

As filed on the 2022 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Grace McFarlane

    DIRECTOR

    Total calculated
    $0
    Hours/week
    20

  • Simon Finlow

    WIC COMPETITION CHAIR

    Total calculated
    $0
    Hours/week
    20

  • Yuri Chayama

    WIC ASSISTANT COMPETITION CHAIR

    Total calculated
    $0
    Hours/week
    10

  • Charlotte Saslowsky

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Ruth Doherty

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Michael Casassa

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Mark Simon

    WIC COMPOSITION CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Frank Conlon

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • Lois Smith Jones

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • Eunju Kwak

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • Valerie Matthews

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • Janice Rosen

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • Carol Sikkelee

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • Junko Takahashi

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • Chen-Li Tzeng

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    2

  • Ben Wallis

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202421369349303142

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