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Nonprofiteer
← GREAT AMERICAN SONGBOOK FOUNDATION INC

Form 990 for tax year 2023

Filed by GREAT AMERICAN SONGBOOK FOUNDATION INC.

Totals

Total revenue
$1,082,639
Total expenses
$1,765,211
Contributions and grants received
$1,288,744
Grants paid
$0
Program service revenue
$55,527
Investment income
-$261,632
Other revenue
$0
Total assets, end of year
$8,634,313
Total liabilities, end of year
$361,870
Net assets or fund balances, end of year
$8,272,443
Program services expenses (Part IX)
$1,044,036
Management and general expenses
$347,530
Fundraising expenses
$373,645
Program service expenses (Part III)
$1,044,036

Program services were 59.1% 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)

    $262,673

  • 1f · All other contributions, gifts and grants

    $1,026,071

  • 1g · Noncash contributions included above

    $18,336

  • 2a · Program service revenue: CLASS REGISTRATIONS/ACADEMY FEES

    total $55,527 · related or exempt $55,527

  • 3 · Investment income

    total $199,166 · excluded $199,166

  • 7a · Gross sales of assets other than inventory

    securities $2,785,919

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

    securities $3,246,717

  • 7c · Gain or loss

    securities -$460,798

  • 7d · Net gain or loss

    total -$460,798 · excluded -$460,798

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $312,970 · program services $99,057 · management and general $114,871 · fundraising $99,042

  • 7 · Other salaries and wages

    total $662,802 · program services $379,701 · management and general $71,209 · fundraising $211,892

  • 11b · Fees: legal

    total $45,625 · management and general $45,625

  • 11c · Fees: accounting

    total $28,200 · management and general $28,200

  • 11f · Fees: investment management

    total $45,469 · management and general $45,469

  • 12 · Advertising and promotion

    total $49,733 · program services $43,533 · management and general $1,857 · fundraising $4,343

  • 13 · Office expenses

    total $124,873 · program services $90,271 · management and general $15,282 · fundraising $19,320

  • 16 · Occupancy

    total $115,314 · program services $97,089 · management and general $18,225

  • 17 · Travel

    total $88,990 · program services $82,206 · management and general $505 · fundraising $6,279

  • 19 · Conferences, conventions and meetings

    total $35,342 · program services $20,669 · management and general $2,089 · fundraising $12,584

  • 22 · Depreciation, depletion and amortization

    total $37,106 · program services $37,106

  • 24a · Other expenses: CONTRACT SERVICES

    total $197,453 · program services $175,878 · management and general $4,198 · fundraising $17,377

  • 24b · Other expenses: PERFORMANCES AND PRODUC

    total $21,334 · program services $18,526 · management and general $0 · fundraising $2,808

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,526,853 · end of year $1,466,319

  • 2 · Savings and temporary cash investments

    beginning of year $794,039 · end of year $748,640

  • 3 · Pledges and grants receivable

    beginning of year $866,823 · end of year $628,607

  • 4 · Accounts receivable

    beginning of year $1,510 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,402 · end of year $40,360

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

    $212,608

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

    $196,673

  • 10c · Land, buildings and equipment, net

    beginning of year $53,040 · end of year $15,935

  • 11 · Investments: publicly traded securities

    beginning of year $4,704,509 · end of year $5,369,352

  • 15 · Other assets

    beginning of year $453,668 · end of year $365,100

  • 17 · Accounts payable and accrued expenses

    beginning of year $104,605 · end of year $74,837

  • 25 · Other liabilities

    beginning of year $310,894 · end of year $287,033

  • 27 · Net assets without donor restrictions

    beginning of year $7,011,240 · end of year $7,374,774

  • 28 · Net assets with donor restrictions

    beginning of year $1,018,105 · end of year $897,669

Mission and programs · 2023

Mission

TO INSPIRE AND EDUCATE BY CELEBRATING THE GREAT AMERICAN SONGBOOK.

  • MUSEUM AND ARCHIVE ACTIVITIES:THE GREAT AMERICAN SONGBOOK FOUNDATION MAINTAINS THE SONGBOOK LIBRARY & ARCHIVES, A VAST AND GROWING RESOURCE CONTAINING RECORDINGS, ARRANGEMENTS, IMAGES, MEMORABILIA, PERSONAL PAPERS AND OTHER ITEMS FROM THE 20TH CENTURY FOUNDATIONAL ERA OF AMERICAN POPULAR MUSIC. THE LIBRARY & ARCHIVES WAS ESTABLISHED TO PRESERVE THE PHYSICAL ARTIFACTS OF THE GREAT AMERICAN SONGBOOK'S CREATORS AND PERFORMERS FOR THE EDUCATION AND BENEFIT OF CURRENT AND FUTURE GENERATIONS. THE FACILITY ALSO INCLUDES A REFERENCE LIBRARY AND STUDY SPACE FOR RESEARCHERS STUDYING THE MUSIC AND THE CULTURE IT HAS INSPIRED.IN ADDITION, THE GREAT AMERICAN SONGBOOK EXHIBIT GALLERY OPEN TO THE PUBLIC IS A MULTIMEDIA EDUCATIONAL CENTER WITH ROTATING EXHIBITS DISPLAYING PIECES FROM THE ARCHIVES. AS A CULTURAL AFFILIATE OF THE LOS ANGELES-BASED GRAMMY MUSEUM, THE SONGBOOK FOUNDATION IS AMONG A HANDFUL OF INSTITUTIONS WORLDWIDE THAT COLLABORATE ON EXHIBITIONS, EDUCATIONAL INITIATIVES, RESEARCH PROGRAMS, INTERNSHIP OPPORTUNITIES, TECHNICAL SUPPORT AND MORE.THE FOUNDATION'S EVENTUAL GOAL IS TO ESTABLISH A FREESTANDING SONGBOOK HALL OF FAME MUSEUM TO HOUSE ITS COLLECTIONS AND PRESENT INTERACTIVE EXHIBITIONS THAT CELEBRATE THE ONGOING IMPORTANCE OF POPULAR MUSIC.

    Expenses $582,158

  • COMMUNITY EDUCATION AND OUTREACH:THE FOUNDATION HAS DEVELOPED EFFECTIVE EDUCATION AND OUTREACH PROGRAMS TO INTRODUCE PEOPLE OF ALL AGES TO THE MUSIC AND COMPOSERS OF THE GREAT AMERICAN SONGBOOK IN THE CONTEXT OF AMERICAN HISTORY AND CULTURE. THE ANNUAL SONGBOOK ACADEMY IS A LEADING MUSIC AND PERFORMANCE INTENSIVE FOR HIGH SCHOOL VOCALISTS THAT IS DEDICATED TO THE MUSIC OF BROADWAY, HOLLYWOOD MUSICALS AND THE TIN PAN ALLEY ERA OF THE EARLY TO MID-20TH CENTURY. STUDENTS FROM AROUND THE COUNTRY APPLY FOR THE OPPORTUNITY TO LEARN AND PERFORM UNDER THE GUIDANCE OF BROADWAY PERFORMERS, MUSIC INDUSTRY PROFESSIONALS AND EDUCATORS FROM RESPECTED UNIVERSITY MUSIC AND THEATER PROGRAMS. TO ACCOMPANY ITS PHYSICAL COLLECTIONS AND ON-SITE PROGRAMMING, THE FOUNDATION HAS DEVELOPED TRAVELING EXHIBITS THAT ARE AVAILABLE FREE TO COMMUNITY GROUPS AND A ROBUST MENU OF VIRTUAL PROGRAMMING AND ONLINE RESOURCES INCLUDING DIGITAL EXHIBITIONS, COLLECTIONS HIGHLIGHTS, VIDEO TOURS, ACTIVITY KITS, EDUCATIONAL MATERIALS AND MORE.THE FOUNDATION'S PERFECT HARMONY PROGRAM IS A MUSIC RESOURCE THAT PROVIDES CARE PARTNERS WITH APPROPRIATE GENERATIONAL MUSIC AND ACTIVITIES TO ENGAGE OLDER ADULTS IN SHARED EXPERIENCES. PERFECT HARMONY OFFERS A UNIQUE OPPORTUNITY FOR SOCIAL AND MUSICAL ENGAGEMENT AND PROMOTES HOLISTIC WELL-BEING THROUGH MUSIC BY OFFERING MONTHLY VIDEO RESOURCES AND THEMED MUSIC ACTIVITIES FOR INDIVIDUAL AND GROUP SETTINGS. PERFECT HARMONY CONSULTS WITH A BOARD-CERTIFIED MUSIC THERAPIST FOR EXPERT GUIDANCE AND FEEDBACK ON ALL MUSICAL RESOURCES.

    Expenses $461,878 · Revenue $55,527

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Karen Kelsey

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Don Gottwald

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Rollin Dick

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Troy Payner MD

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Adam Arceneaux

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brook Babcock

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Libby Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stan Burton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Terrence Flannery

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Peggy Ford

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Stan Hurt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Izabela Ozdemir

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marty Rosenberg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike Wells

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Stirsman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andy Marx

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tory Purvis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tony Robertson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Doug Cook

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brian Kelly

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jason Noyan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey McDermott

    PRESIDENT/CEO

    Total calculated
    $95,646
    From this org
    $87,815
    From related orgs
    $0
    Other
    $7,831
    Hours/week
    10

  • Jeff Steeg

    COO

    Total calculated
    $19,056
    From this org
    $15,092
    From related orgs
    $0
    Other
    $3,964
    Hours/week
    4

  • Chris Lewis

    GASF DIRECTOR

    Total calculated
    $183,565
    From this org
    $142,300
    From related orgs
    $0
    Other
    $41,265
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,050
    Bonus
    $7,250
    Other
    $0
    Deferred
    $6,358
    Nontaxable benefits
    $34,907
    Filer's total
    $183,565

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 · Form 990 of other organizations
  • 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

The filer's explanations (Part III)

PART I, LINE 3
A COMPENSATION COMMITTEE WAS ESTABLISHED BY THE BOARD OF DIRECTORS OF THE MANAGEMENT COMPANY. THE COMMITTEE UTILIZES A PROCESS WHICH EVALUATES THE CEO'S PERFORMANCE IN ACCORDANCE WITH ESTABLISHED PERFORMANCE CRITERIA, THE CENTER'S MISSION AND STRATEGIES, AND IN THE CONTEXT OF RELEVANT COMPENSATION DATA FOR SIMILARLY QUALIFIED PERSONS AT SIMILARLY SITUATED ORGANIZATIONS. COMPENSATION COMMITTEE DECISIONS ON CEO COMPENSATION ARE CONTEMPORANEOUSLY DOCUMENTED AND PRESENTED TO THE FULL BOARD OF DIRECTORS. THE CEO IS RESPONSIBLE FOR DETERMINING COMPENSATION FOR OFFICERS/KEY EMPLOYEES INCLUDING THE GASF EXECUTIVE DIRECTOR. OFFICERS/KEY EMPLOYEES' COMPENSATION IS BASED ON SALARY STUDIES COMPARING COMPENSATION OF THOSE IN SIMILAR POSITIONS AT NONPROFIT ORGANIZATIONS.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
7 March 2025
IRS schema version
2023v6.0
Source object
202540779349301309

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