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← MUSICS PROMISE

Form 990 for tax year 2023

Filed by MUSICS PROMISE.

Totals

Total revenue
$598,422
Total expenses
$496,311
Contributions and grants received
$114,578
Grants paid
$325,000
Program service revenue
$0
Investment income
$0
Other revenue
$483,844
Total assets, end of year
$106,136
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$106,136
Program services expenses (Part IX)
$325,000
Management and general expenses
$171,311
Fundraising expenses
$0
Program service expenses (Part III)
$325,000

Program services were 65.5% 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

    $114,578

  • 8a · Fundraising events: gross income

    $572,700

  • 8b · Fundraising events: direct expenses

    $88,856

  • 8c · Net income from fundraising events

    total $483,844 · excluded $483,844

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $325,000 · program services $325,000

  • 5 · Compensation of officers, directors and key employees

    total $132,692 · management and general $132,692

  • 10 · Payroll taxes

    total $11,225 · management and general $11,225

  • 11b · Fees: legal

    total $2,908 · management and general $2,908

  • 11g · Fees: other

    total $2,455 · management and general $2,455

  • 13 · Office expenses

    total $11,558 · management and general $11,558

  • 17 · Travel

    total $1,396 · management and general $1,396

  • 23 · Insurance

    total $6,309 · management and general $6,309

  • 24a · Other expenses: WEBSITE

    total $2,200 · management and general $2,200

  • 24b · Other expenses: FILING FEES

    total $568 · management and general $568

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,495 · end of year $63,606

  • 4 · Accounts receivable

    end of year $35,000

  • 7 · Other notes and loans receivable

    beginning of year $2,530 · end of year $7,530

  • 27 · Net assets without donor restrictions

    beginning of year $4,025 · end of year $106,136

Mission and programs · 2023

Mission

MUSIC'S PROMISES IS A MUSIC INDUSTRY'S SOCIAL RESPONSIBILITY PROGRAM, ADDRESSING IMPORTANT SOCIAL ISSUES IN THE U.S. AND AROUND THE WORLD. THEY PROVIDE THE INFRASTRUCTURE FOR ARTISTS AND MUSIC COMPANIES TO SUPPORT CAUSES THAT ARE IMPORTANT TO THEM.

Activities or mission (Part I)

MUSIC'S PROMISE IS THE MUSIC INDUSTRY'S SOCIAL RESPONSIBILITY PROGRAM. WE PROVIDE RESOURCES THAT EMPOWER ARTISTS, MUSIC COMPANIES, VENUES AND EXECUTIVES TO USE THEIR INFLUENCE TO SUPPORT THEIR FAVORITE CAUSES.

  • DONATIONS TO SUPPORT ARTISTS AND MUSIC COMPANIES CAUSES WITH SOCIAL ISSUES

    Expenses $325,000 · Grants $325,000

As filed on the 2023 return.

Listed in Part VII

  • Greg Plage

    PRESIDENT

    Total calculated
    $132,692
    From this org
    $132,692
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Meredith Croy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Jp Evangelista

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Jeremy Holgersen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Mike Mori

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Rich Schaefer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Dan Shulman

    SECRETARY/GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    20
  • Butch Gage

    TREASURER

    Total calculated
    $0
    Hours/week
    20
  • Sandra Richards

    VICE CHAIRWOMAN

    Total calculated
    $0
    Hours/week
    20

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

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202403189349307070

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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