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Nonprofiteer
← NEW MUSIC USA INC

Form 990 for tax year 2022

Filed by NEW MUSIC USA INC.

Totals

Total revenue
$2,082,267
Total expenses
$3,104,988
Contributions and grants received
$1,730,069
Grants paid
$1,318,800
Program service revenue
$0
Investment income
$334,053
Other revenue
$18,145
Total assets, end of year
$19,684,498
Total liabilities, end of year
$1,472,664
Net assets or fund balances, end of year
$18,211,834
Program services expenses (Part IX)
$2,441,769
Management and general expenses
$348,489
Fundraising expenses
$314,730
Program service expenses (Part III)
$2,441,769

Program services were 78.6% 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.

  • 1e · Government grants (contributions)

    $319,410

  • 1f · All other contributions, gifts and grants

    $1,410,659

  • 1g · Noncash contributions included above

    $41,440

  • 3 · Investment income

    total $472,984 · excluded $472,984

  • 7a · Gross sales of assets other than inventory

    securities $4,156,542

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

    securities $4,295,473

  • 7c · Gain or loss

    securities -$138,931

  • 7d · Net gain or loss

    total -$138,931 · excluded -$138,931

  • 11a · Other revenue: OTHER REVENUE

    total $12,598 · excluded $12,598

  • 11b · Other revenue: AD REVENUE

    total $5,547 · unrelated business $5,547

  • 11e · Other revenue, total

    $18,145

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $894,350 · program services $894,350

  • 2 · Grants to domestic individuals

    total $424,450 · program services $424,450

  • 5 · Compensation of officers, directors and key employees

    total $218,883 · program services $135,930 · management and general $31,748 · fundraising $51,205

  • 7 · Other salaries and wages

    total $758,217 · program services $470,862 · management and general $109,978 · fundraising $177,377

  • 9 · Other employee benefits

    total $125,506 · program services $77,941 · management and general $18,204 · fundraising $29,361

  • 10 · Payroll taxes

    total $69,250 · program services $43,005 · management and general $10,045 · fundraising $16,200

  • 11b · Fees: legal

    total $2,418 · program services $1,885 · management and general $494 · fundraising $39

  • 11c · Fees: accounting

    total $35,400 · program services $27,591 · management and general $7,237 · fundraising $572

  • 11f · Fees: investment management

    total $80,073 · management and general $80,073

  • 11g · Fees: other

    total $298,866 · program services $232,941 · management and general $61,096 · fundraising $4,829

  • 13 · Office expenses

    total $44,376 · program services $15,032 · management and general $12,154 · fundraising $17,190

  • 14 · Information technology

    total $31,867 · program services $25,133 · management and general $2,079 · fundraising $4,655

  • 16 · Occupancy

    total $20,953 · program services $14,909 · management and general $3,681 · fundraising $2,363

  • 19 · Conferences, conventions and meetings

    total $41,121 · program services $26,591 · management and general $6,390 · fundraising $8,140

  • 22 · Depreciation, depletion and amortization

    total $4,515 · management and general $4,515

  • 24a · Other expenses: OTHER PROGRAM EXPENSES

    total $43,599 · program services $41,936 · management and general $500 · fundraising $1,163

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $11,144 · program services $9,213 · management and general $295 · fundraising $1,636

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $657,277 · end of year $333,783

  • 2 · Savings and temporary cash investments

    beginning of year $2,213,609 · end of year $2,944,483

  • 3 · Pledges and grants receivable

    beginning of year $1,199,816 · end of year $482,298

  • 4 · Accounts receivable

    beginning of year $57,186 · end of year $34,236

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,739 · end of year $12,554

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

    $93,880

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

    $92,621

  • 10c · Land, buildings and equipment, net

    beginning of year $8,760 · end of year $1,259

  • 11 · Investments: publicly traded securities

    beginning of year $11,929,331 · end of year $11,927,750

  • 12 · Investments: other securities

    beginning of year $3,862,163 · end of year $3,946,435

  • 15 · Other assets

    beginning of year $1,700 · end of year $1,700

  • 17 · Accounts payable and accrued expenses

    beginning of year $145,908 · end of year $103,101

  • 18 · Grants payable

    beginning of year $1,166,860 · end of year $1,369,563

  • 19 · Deferred revenue

    beginning of year $85,234

  • 27 · Net assets without donor restrictions

    beginning of year $1,095,703 · end of year $1,279,435

  • 28 · Net assets with donor restrictions

    beginning of year $17,450,876 · end of year $16,932,399

Mission and programs · 2022

Mission

SEE SCHEDULE O.

Activities or mission (Part I)

SUPPORT THE SOUNDS OF TOMORROW BY NURTURING THE CREATION, PERFORMANCE, & APPRECIATION OF NEW MUSIC.

  • GRANTMAKING: THE GRANTMAKING PROGRAMS CONTINUE TO RESPOND TO THE NEEDS OF CREATORS AND MUSICAL ORGANIZATIONS, WITH A PARTICULAR AWARENESS OF SERVING HISTORICALLY UNDERSERVED CREATORS. THIS IS GROUNDED IN AN INFORMED UNDERSTANDING OF THE UNIQUE NEEDS OF THE MUSICAL CREATOR COMMUNITIES ACROSS THE COUNTRY AND ACHIEVED THROUGH GRANTMAKING, FACILITATING CONNECTIONS WITH AUDIENCES AND STAKEHOLDERS, AND ADVOCACY. IN FY2023, NEW MUSIC USA MADE 197 GRANTS.

    Expenses $2,128,086 · Grants $1,318,800

  • COMMUNICATION/CONNECTIVITY: (SEE SCHEDULE O)

    Expenses $313,683

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JOSEPH WALKER

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    3

  • REENA ESMAIL

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    3

  • AMY IWANO

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • GAYLE MORGAN

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • STEVEN TRESNAN

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • DAVID NUSS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NANCY SANDERS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHERE LOTT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PHYLLIS MILLS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MATIAS TARNOPOLSKY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KATE BENSEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMES KENDRICK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARYA MARTIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANGELICA SANCHEZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AJA BURRELL WOOD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DOROTHEA ENDICOTT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ALAN KORNBERG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SUSAN WEGLEITNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH YOUNG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • VANESSA REED

    PRESIDENT & CEO

    Total calculated
    $223,257
    From this org
    $186,950
    From related orgs
    $0
    Other
    $36,307
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $186,950
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $36,307
    Filer's total
    $223,257

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202421369349304022

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

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