Kurt Weill Foundation For Music
- Assets
- $35.7m
- Revenue
- $1.4m
- Investments
- $34.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1964
- Data as of
- 12/2022
- EIN
- 13-6139518
Organization Overview
Kurt Weill Foundation For Music is located in New York, NY. The organization was established in 1964. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kurt Weill Foundation For Music 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 12/2022, Kurt Weill Foundation For Music generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Kurt Weill Foundation For Music has awarded 313 individual grants totaling $1,409,714. 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 |
|---|---|---|---|
Kim Kowalke President | 40 | $149,523 | |
Theodore S Chapin Board Chair | 0.25 | $1,250 | |
Philip Getter Sr. Vice Chair | 0.25 | $1,750 | |
Penelope Boehm Treasurer | 1 | $4,000 | |
Naomi Andre Trustee | 0.25 | $500 | |
Andre Bishop Trustee | 0.25 | $500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Td Ameritrade | 12/30/22 | $67,126 |
Morgan Stanley | 12/30/22 | $89,407 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,597 |
| Dividends & Interest | $896,127 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$167,385 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $642,012 |
| Total Revenue | $1,372,351 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $162,773 |
| Other employee salaries and wages | $533,981 |
| Pension plans, employee benefits | $176,589 |
| Interest | $0 |
| Taxes | $19,086 |
| Depreciation | $16,650 |
| Occupancy | $143,869 |
| Travel, conferences, and meetings | $15,149 |
| Printing and publications | $36,875 |
| Other expenses | $227,672 |
| Total operating and administrative expenses | $1,514,698 |
| Contributions, gifts, grants paid | $491,574 |
| Total expenses and disbursements | $2,006,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,250 |
| Savings and temporary cash investments | $628,620 |
| 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 | $15,212 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,133,295 |
| Net Land, buildings, and equipment | $172,667 |
| Other assets | $740,190 |
| Total assets | $35,744,615 |
| Accounts payable and accrued expenses | $66,219 |
| 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 | $59,000 |
| Total liabilities | $125,219 |
Grants Awarded
Over the last fiscal year, Kurt Weill Foundation For Music has awarded $491,574 in support to 101 organizations.
| Grant Recipient | Amount |
|---|---|
AMANDA SHERIFF PURPOSE: 2022 LENYA COMPETITION 1ST PRIZE | $20,000 |
AMANDA SHERIFF PURPOSE: 2022 LLC TRAVEL STIPEND | $300 |
AMANDA SHERIFF PURPOSE: 2022 LENYA COMPETITION FINALIST TRAVEL STIPEND | $750 |
ANDREW POLEC PURPOSE: 2022 LLC FINALS WINNERS CONCERT TRAVEL STIPEND | $50 |
ANDREW POLEC PURPOSE: LLC WINNERS CONCERT TRAVEL EXPENSES REIMBURSEMENT | $74 |
ANNAPOLIS OPERA COMPANY PURPOSE: 2022 PROFESSIONAL PERFORMANCE GRANT: LOST IN THE STARS | $20,000 |