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Nonprofiteer
← BMI FOUNDATION INC

Form 990 for tax year 2024

Filed by BMI FOUNDATION INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 2 December 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$607,301
Total expenses
$401,199
Contributions and grants received
$401,866
Grants paid
$253,085
Program service revenue
$0
Investment income
$202,384
Other revenue
$3,051
Total assets, end of year
$3,072,593
Total liabilities, end of year
$66,656
Net assets or fund balances, end of year
$3,005,937
Program services expenses (Part IX)
$263,709
Management and general expenses
$137,490
Fundraising expenses
$0
Program service expenses (Part III)
$263,709

Program services were 65.7% 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

    $401,866

  • 3 · Investment income

    total $203,528 · excluded $203,528

  • 7a · Gross sales of assets other than inventory

    securities $35,000

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

    securities $36,144

  • 7c · Gain or loss

    securities -$1,144

  • 7d · Net gain or loss

    total -$1,144 · excluded -$1,144

  • 11a · Other revenue: MISCELLANEOUS

    total $3,051 · related or exempt $3,051

  • 11e · Other revenue, total

    $3,051

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $110,085 · program services $110,085

  • 2 · Grants to domestic individuals

    total $143,000 · program services $143,000

  • 7 · Other salaries and wages

    total $91,141 · management and general $91,141

  • 10 · Payroll taxes

    total $6,823 · management and general $6,823

  • 11c · Fees: accounting

    total $22,891 · management and general $22,891

  • 11g · Fees: other

    total $7,386 · program services $7,386

  • 12 · Advertising and promotion

    total $541 · program services $40 · management and general $501

  • 13 · Office expenses

    total $7,539 · management and general $7,539

  • 17 · Travel

    total $5,047 · program services $2,170 · management and general $2,877

  • 19 · Conferences, conventions and meetings

    total $5,114 · program services $1,028 · management and general $4,086

  • 23 · Insurance

    total $1,632 · management and general $1,632

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $42,502 · end of year $66,191

  • 11 · Investments: publicly traded securities

    beginning of year $2,757,522 · end of year $3,006,402

  • 18 · Grants payable

    beginning of year $81,686 · end of year $66,656

  • 27 · Net assets without donor restrictions

    beginning of year $598,987 · end of year $867,511

  • 28 · Net assets with donor restrictions

    beginning of year $2,119,351 · end of year $2,138,426

Mission and programs · 2024

Mission

BMI FOUNDATION, INC. ISSUES GRANTS AFTER CONSIDERATION BY AN ADVISORY PANEL TO ORGANIZATIONS AND INDIVIDUALS REQUESTING ASSISTANCE FOR MUSIC-RELATED ACTIVITIES.

Activities or mission (Part I)

THE FOUNDATION ISSUES GRANTS TO INDIVIDUALS AND ORGANIZATIONS IN MUSIC FIELDS.

  • THE FOUNDATION PROVIDES GRANTS TO INDIVIDUALS AND ORGANIZATIONS IN THE FIELD OF MUSIC INCLUDING BUT NOT LIMITED TO EDUCATIONAL PROJECTS, THE PRESERVATION OF THE INDIGENOUS AMERICAN JAZZ AND BLUES FORMS, AND THE CREATION AND EXPOSURE TO AUDIENCES OF CONTEMPORARY MUSIC, PARTICULARLY IN THE AREAS OF CONCERT AND OPERATIC MUSIC, JAZZ, AND MUSICAL THEATRE.

    Expenses $263,709 · Grants $253,085

As filed on the 2024 return.

Listed in Part VII

  • Deirdre Chadwick

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Samantha Cox

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Dan Coleman

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Clay Bradley

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • William Wells

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Pamela Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Luciana Souza

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Corey Field

    TRUSTEE

    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.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202523179349301647

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