Musicians Emergency Fund Inc
- Assets
- $3.3m
- Revenue
- $225.4k
- Investments
- $3.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1982
- Data as of
- 08/2023
- EIN
- 13-1635273
Organization Overview
Musicians Emergency Fund Inc is located in New York, NY. The organization was established in 1982. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Musicians Emergency Fund 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 08/2023, Musicians Emergency Fund Inc generated $225.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $176.1k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Musicians Emergency Fund Inc has awarded 117 individual grants totaling $842,124. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marie Ashdown Executive Direc | 40 | $75,000 | |
Mary Huntington Snyder Director | 0 | $0 | |
Valenice Castronovo-Waxman Director | 0 | $0 | |
Thomas W Ledwith Director | 0 | $0 | |
Christine Marchese Director | 0 | $0 | |
Holley Younger Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $17,300 |
| Interest on Savings | $0 |
| Dividends & Interest | $83,792 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $124,352 |
| Total Revenue | $225,444 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,000 |
| Other employee salaries and wages | $19,079 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,196 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,807 |
| Total operating and administrative expenses | $119,082 |
| Contributions, gifts, grants paid | $56,970 |
| Total expenses and disbursements | $176,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,444 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,982,348 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $270,000 |
| Total assets | $3,318,792 |
| Accounts payable and accrued expenses | $42,025 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $42,025 |
Grants Awarded
Over the last fiscal year, Musicians Emergency Fund Inc has awarded $56,970 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DANIELA SIMIC PURPOSE: CONCERT/PROGRAM | $2,000 |
ROOSEVELT ISLAND CONCERTS PURPOSE: CONCERT/PROGRAM | $6,000 |
CLASSIC LYRIC ARTS PURPOSE: CONCERT/PROGRAM | $48,625 |
VALENICE CASTRONOVO PURPOSE: CONCERT/PROGRAM | $345 |