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← NMPA SUPPORTING OUR NEXT GENERATION OF SONGWRITERS SONGS FOUNDATION

Form 990 for tax year 2022

Filed by NMPA SUPPORTING OUR NEXT GENERATION OF SONGWRITERS SONGS FOUNDATION.

Totals

Total revenue
$196,772
Total expenses
$110,310
Contributions and grants received
$178,205
Grants paid
$25,000
Program service revenue
$0
Investment income
$409
Other revenue
$18,158
Total assets, end of year
$936,378
Total liabilities, end of year
$86,534
Net assets or fund balances, end of year
$849,844
Program services expenses (Part IX)
$33,628
Management and general expenses
$50,823
Fundraising expenses
$25,859
Program service expenses (Part III)
$33,628

Program services were 30.5% 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.

  • 1c · Fundraising events

    $178,205

  • 1g · Noncash contributions included above

    $19,554

  • 3 · Investment income

    total $409 · unrelated business $0 · excluded $409

  • 8a · Fundraising events: gross income

    $93,949

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

    $178,205

  • 8b · Fundraising events: direct expenses

    $78,058

  • 8c · Net income from fundraising events

    total $15,891 · unrelated business $0 · excluded $15,891

  • 11a · Other revenue: OTHER INCOME

    total $2,267 · related or exempt $2,267 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $2,267

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,000 · program services $25,000

  • 11b · Fees: legal

    total $3,414 · program services $0 · management and general $3,414 · fundraising $0

  • 11c · Fees: accounting

    total $14,975 · program services $0 · management and general $14,975 · fundraising $0

  • 11g · Fees: other

    total $21,778 · program services $8,628 · management and general $13,150 · fundraising $0

  • 13 · Office expenses

    total $16,284 · program services $0 · management and general $16,284 · fundraising $0

  • 17 · Travel

    total $6,305 · program services $0 · management and general $0 · fundraising $6,305

  • 19 · Conferences, conventions and meetings

    total $19,554 · program services $0 · management and general $0 · fundraising $19,554

  • 24a · Other expenses: BAD DEBT

    total $3,000 · program services $0 · management and general $3,000 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $784,518 · end of year $897,060

  • 3 · Pledges and grants receivable

    beginning of year $7,500 · end of year $28,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,212 · end of year $11,318

  • 17 · Accounts payable and accrued expenses

    beginning of year $461 · end of year $43

  • 25 · Other liabilities

    beginning of year $39,387 · end of year $86,491

  • 27 · Net assets without donor restrictions

    beginning of year $763,382 · end of year $849,844

Mission and programs · 2022

Mission

TO SUPPORT SONGWRITERS THROUGH FUNDING EDUCATIONAL PROGRAMS, DIRECT FINANCIAL ASSISTANCE AND SERVICES, AND THROUGH PARTNERSHIPS WITH LIKE-MINDED INSTITUTIONS AND ORGANIZATIONS TO ENHANCE OPPORTUNITIES FOR MUSIC CREATORS.

  • THE NMPA SONGS FOUNDATION HELPS ENABLE SONGWRITERS TO PURSUE THEIR PASSION THROUGH GRANTS AND DIRECT ASSISTANCE. IN FISCAL YEAR 2023, THE FOUNDATION PARTNERED WITH H&R BLOCK TO OFFER FREE TAX PREPARATION TO NASHVILLE AND LOS ANGELES AREA SONGWRITERS. THE FOUNDATION ALSO OFFERED THE WECONNECT HEALTH WELLNESS AND RECOVERY APP FREE TO ALL SONGWRITERS. IT'S ENDOWMENT AT BELMONT UNIVERSITY CONTINUED TO MATURE AND THE FOUNDATION CONTINUED TO SUPPORT SHE IS THE MUSIC.

    Expenses $33,628 · Grants $25,000

As filed on the 2022 return.

Listed in Part VII

  • David Israelite

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $170,000
    Bonus
    $34,000
    Other
    $0
    Deferred
    $3,190
    Nontaxable benefits
    $873
    Filer's total
    $208,063

  • Danielle Aguirre

    TREASURER

    Total calculated
    $0
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $65,750
    Bonus
    $12,800
    Other
    $0
    Deferred
    $3,190
    Nontaxable benefits
    $588
    Filer's total
    $82,328

  • Charlotte Sellmyer

    SECRETARY

    Total calculated
    $0
    Hours/week
    8

    Schedule J breakdown matched by us

    Base
    $81,000
    Bonus
    $9,000
    Other
    $0
    Deferred
    $7,601
    Nontaxable benefits
    $8,764
    Filer's total
    $106,365

  • Steven Tyler

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kara Dioguardi

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jewel Kilcher

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Golnar Khosrowshahi

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lee Thomas Miller

    MEMBER

    Total calculated
    $0
    Hours/week
    1

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

None.

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

The filer's explanations (Part III)

Other
PART II: THE OFFICERS AND BOARD MEMBERS LISTED ARE COMPENSATED BY THE NATIONAL MUSIC PUBLISHERS ASSOCIATION, A 501C6 TAX-EXEMPT CORPORATION, FOR SERVICES RENDERED TO THE NMPA SONGS FOUNDATION.

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

Provenance

Return type
form_990
Tax year
2022
Filed
24 January 2024
IRS schema version
2022v5.0
Source object
202430259349301383

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