New Music Usa Inc

Organization Overview

New Music Usa Inc is located in New York, NY. The organization was established in 1946. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, New Music USA Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Music USA Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, New Music USA Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $2.4m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, New Music USA Inc has awarded 149 individual grants totaling $1,554,982. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

WE SUPPORT AND AMPLIFY THE SOUNDS OF TOMORROW BY NURTURING THE CREATION, PERFORMANCE, AND APPRECIATION OF NEW MUSIC FOR ADVENTUROUS LISTENERS IN THE US AND BEYOND.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GRANTMAKING: THE GRANTMAKING PROGRAMS CONTINUE TO RESPOND TO NEEDS OF CREATORS AND MUSICAL ORGANIZATIONS, WITH A PARTICULAR AWARENESS OF SUPPORTING HISTORICALLY UNDERSERVED CREATORS. THIS IS ACHIEVED BY RESPONDING WITH AN INFORMED UNDERSTANDING OF THE UNIQUE NEEDS OF THE MUSICAL CREATOR COMMUNITIES ACROSS THE COUNTRY THROUGH GRANTMAKING, FACILITATING CONNECTIONS WITH AUDIENCES AND STAKEHOLDERS, AND ADVOCACY. IN FY2021, NEW MUSIC USA AWARDED GRANTS TO 113 PROJECTS.


COMMUNICATION/CONNECTIVITY: (SEE SCHEDULE O)


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Board, Officers & Key Employees

Name (title)Compensation
Vanessa Reed
President & CEO
$174,365
Joseph Walker
Co-Chair
$0
Reena Esmail
Co-Chair
$0
Amy Iwano
Vice Chair
$0
Steven Tresnan
Treasurer
$0
Matias Tarnopolsky
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $464,286
All other contributions, gifts, grants, and similar amounts not included above$1,080,478
Noncash contributions included in lines 1a–1f $23,650
Total Revenue from Contributions, Gifts, Grants & Similar$1,544,764
Total Program Service Revenue$0
Investment income $456,185
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,275,436
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,287,635

Grants Awarded

Over the last fiscal year, New Music Usa Inc has awarded $522,500 in support to 56 organizations.

Grant RecipientAmount

Dallas, TX

PURPOSE: AMPLIFYING VOICES

$16,000

New York, NY

PURPOSE: ORGANIZATIONAL DEVELOPMENT FUND

$15,000

AMERICAN COMPOSERS ORCHESTRA

Org PageRecipient Profile

New York, NY

PURPOSE: ORGANIZATIONAL DEVELOPMENT FUND

$15,000

STEPHEN PETRONIO DANCE COMPANY INC

Org PageRecipient Profile

New York, NY

PURPOSE: ORGANIZATIONAL DEVELOPMENT FUND

$15,000

ROULETTE INTERMEDIUM

Org PageRecipient Profile

Brooklyn, NY

PURPOSE: ORGANIZATIONAL DEVELOPMENT FUND

$15,000

GINA GIBNEY DANCE INC

Org PageRecipient Profile

New York, NY

PURPOSE: ORGANIZATIONAL DEVELOPMENT FUND

$13,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that New Music Usa Inc has recieved totaling $5,000.

Awarding OrganizationAmount
Dorothea R Endicott Charitable Foundation

Boston, MA

PURPOSE: PROGRAM SUPPORT

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$17,491,670
Earnings$3,011,993
Net Contributions$517,500
Other Expense$1,352,489
Ending Balance$19,668,674

Peer Organizations

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