Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $469,293

• 1e · Government grants (contributions)

  $245,561

• 1f · All other contributions, gifts and grants

  $7,519,233

• 1g · Noncash contributions included above

  $2,722,021

• 5 · Royalties

  total $4,099 · excluded $4,099

• 8a · Fundraising events: gross income

  $82,313

• 8a · Fundraising events: contributions included on line 1c

  $469,293

• 8b · Fundraising events: direct expenses

  $73,606

• 8c · Net income from fundraising events

  total $8,707 · excluded $8,707

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $4,912,104 · program services $4,912,104

• 3 · Grants to foreign organizations and individuals

  total $58,835 · program services $58,835

• 5 · Compensation of officers, directors and key employees

  total $214,594 · program services $1,000 · fundraising $213,594

• 7 · Other salaries and wages

  total $1,061,278 · program services $612,227 · management and general $10,300 · fundraising $438,751

• 8 · Pension plan contributions

  total $26,968 · program services $17,838 · management and general $245 · fundraising $8,885

• 9 · Other employee benefits

  total $169,412 · program services $83,803 · management and general $1,152 · fundraising $84,457

• 10 · Payroll taxes

  total $100,391 · program services $49,540 · management and general $680 · fundraising $50,171

• 11b · Fees: legal

  total $48,406 · program services $10,485 · management and general $8,375 · fundraising $29,546

• 11c · Fees: accounting

  total $134,480 · management and general $134,480

• 11g · Fees: other

  total $554,154 · program services $231,054 · management and general $6,119 · fundraising $316,981

• 12 · Advertising and promotion

  total $39,600 · fundraising $39,600

• 13 · Office expenses

  total $53,168 · program services $30,563 · management and general $1,592 · fundraising $21,013

• 14 · Information technology

  total $69,079 · program services $31,479 · fundraising $37,600

• 17 · Travel

  total $9,091 · management and general $8,524 · fundraising $567

• 24a · Other expenses: PROFESSIONAL DEVELOPMEN

  total $466,473 · program services $466,473

• 24b · Other expenses: PRODUCTION COSTS

  total $70,626 · fundraising $70,626

• 24c · Other expenses: MISCELLANEOUS

  total $21,610 · fundraising $21,610

• 24d · Other expenses: BAD DEBT EXPENSE

  total $2,000 · management and general $2,000

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,358,041 · end of year $5,277,966

• 3 · Pledges and grants receivable

  beginning of year $723,170 · end of year $928,450

• 4 · Accounts receivable

  beginning of year $32,296 · end of year $94,280

• 8 · Inventories for sale or use

  beginning of year $17,311 · end of year $34,115

• 9 · Prepaid expenses and deferred charges

  beginning of year $25,844 · end of year $34,228

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

  $65,000

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

  $65,000

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $337,671 · end of year $1,225,905

• 19 · Deferred revenue

  beginning of year $50,317

• 25 · Other liabilities

  beginning of year $0 · end of year $139,836

• 27 · Net assets without donor restrictions

  beginning of year $3,805,038 · end of year $4,218,298

• 28 · Net assets with donor restrictions

  beginning of year $963,636 · end of year $785,000

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3:

THE EXECUTIVE DIRECTOR OF THE SAVE THE MUSIC FOUNDATION IS AN EMPLOYEE OF MTV NETWORKS (MTVN). HIS OR HER TIME AND SERVICES ARE CONTRIBUTED TO THE ORGANIZATION AS PART OF A SERVICES AGREEMENT BETWEEN SAVE THE MUSIC AND MTVN, AND COMPENSATION AND BENEFITS ARE SET AT THE VICE PRESIDENT LEVEL FOR MTVN EMPLOYEES.