Midori Foundation Inc
- Assets
- $1.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 33
- Location
- New York, NY
- Founding
- 11/1992
- Data as of
- 06/2022
- EIN
- 13-3682472
Organization Overview
Midori Foundation Inc, operating under the name Midori And Friends, is located in New York, NY. The organization was established in 1992. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Midori And Friends employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midori And Friends 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 06/2022, Midori And Friends generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 4.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MIDORI FOUNDATION PROVIDES HIGH QUALITY MUSIC EDUCATION ANDMUSIC LITERACY PROGRAMS TO NEW YORK CITY SCHOOLS AND COMMUNITYCENTERS AT NO CHARGE TO THE INDIVIDUAL STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLAY TO LEARN:PLAY TO LEARN PROVIDES INSTRUMENTAL AND VOCAL INSTRUCTION FOR STUDENTS IN AND OUT OF SCHOOL TIME. MIDORI & FRIENDS TEACHING ARTISTS WORK WITH STUDENTS TO INSTILL COURAGEOUS SELF-EXPRESSION, THE JOY OF LEARNING, AND A SPIRIT OF SERVICE THROUGH HIGH-QUALITY MUSIC EDUCATION PROGRAMS. STUDENTS SHOWCASE THEIR ARTISTIC GROWTH IN A CULMINATING PERFORMANCE, WHICH AMPLIFIES YOUTH VOICES, THEIR CREATIVITY, AND THE TRANSFORMATIVE POWER OF THE ARTS TO IGNITE POSITIVE SOCIAL CHANGE. PLAY TO LEARN FOLLOWS THE NEW YORK STATE LEARNING STANDARDS FOR THE ARTS AND BLUEPRINT FOR TEACHING & LEARNING IN MUSIC: TO CREATE, PERFORM,RESPOND, AND CONNECT.
CELEBRATE! MUSIC:CELEBRATE! MUSIC PROGRAM INVITES YOUNG LEARNERS TO BECOME GLOBAL CITIZENS IN AN ACTIVE EXPLORATION OF WORLD MUSIC. BY LEARNING ABOUT THE RICHNESS OF CULTURAL TRADITIONS, WORKS OF ART, AND MUSICAL CUSTOMS AROUND THE GLOBE, IN CLASS AND THROUGH LIVE PERFORMANCES, STUDENTS CULTIVATE A GLOBAL PERSPECTIVE THAT NURTURES EMPATHY AND UNDERSTANDING. CELEBRATE! MUSIC BRINGS ENGAGING MUSIC ENSEMBLES FROM AROUND THE WORLD AND CORRESPONDING WORKSHOPS INTO NEW YORK CITY PUBLIC SCHOOLS. STUDENTS EXPERIENCE LIVE ARTIST PERFORMANCES AND INTERACTIVE WORKSHOPS WITH TEACHING ARTISTS, DEEPENING THEIR UNDERSTANDING OF A PARTICULAR MUSICAL TRADITION.
NEXTGEN MUSICIAN:NEXTGEN MUSICIAN, A YOUTH LEADERSHIP AND ADVOCACY PROGRAM, LAUNCHED IN 2022 FOR NEW YORK CITY PUBLIC SCHOOL TEENS. SCHOLARSHIPS ARE PROVIDED FOR STUDENTS TO EXPLORE CAREER PATHWAYS, IN MUSIC AND BEYOND, THROUGH WORKSHOPS, PRIVATE LESSONS, MASTERCLASSES, PERFORMANCES, WORK-STUDY OPPORTUNITIES, AND CAREER LABS WITH CRITICAL THINKERS IN DIVERSE FIELDS OF STUDY AND EXTRAORDINARY ARTISTS, INCLUDING WORLD-RENOWNED VIRTUOSO VIOLINIST, MIDORI! TEENS SHARPEN THEIR ADVOCACY SKILLS THROUGH STORYTELLING, PUBLIC SPEAKING, AND PERSUASIVE WRITING. THE PROGRAM CULMINATES WITH A COMMUNITY PRESENTATION OF THEIR COLLABORATIVE ARTS ADVOCACY CAMPAIGN FEATURING THE NEXT GENERATION OF MUSIC LEADERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Claiborne Chair | OfficerTrustee | 1 | $0 |
Marilyn Cohen Vice Chair And Treasurer | OfficerTrustee | 1 | $0 |
Geeta Sharma MD Secretary | OfficerTrustee | 1 | $0 |
Alan Fischer Chairman Emeritus | Trustee | 1 | $0 |
Laraine Fischer Founding Member | Trustee | 1 | $0 |
Peter Glaser Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,383,153 |
| All other contributions, gifts, grants, and similar amounts not included above | $309,189 |
| Noncash contributions included in lines 1a–1f | $4,171 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,692,342 |
| Total Program Service Revenue | $330,523 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,025,622 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $321,962 |
| Compensation of current officers, directors, key employees. | $170,277 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $458,889 |
| Pension plan accruals and contributions | $18,465 |
| Other employee benefits | $65,985 |
| Payroll taxes | $79,844 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,911 |
| Fees for services: Accounting | $36,186 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $43,200 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $420,203 |
| Advertising and promotion | $6,173 |
| Office expenses | $51,166 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $155,567 |
| Travel | $10,890 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,891 |
| Insurance | $11,581 |
| All other expenses | $5,389 |
| Total functional expenses | $1,787,231 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,938 |
| Savings and temporary cash investments | $815,944 |
| Pledges and grants receivable | $252,350 |
| Accounts receivable, net | $209,393 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $48,055 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $36,434 |
| Total assets | $1,430,114 |
| Accounts payable and accrued expenses | $199,642 |
| Grants payable | $0 |
| Deferred revenue | $9,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $209,142 |
| Net assets without donor restrictions | $1,155,972 |
| Net assets with donor restrictions | $65,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,430,114 |