Kurt Weill Foundation For Music
- Assets
- $43.4m
- Revenue
- $2.6m
- Investments
- $40.1m
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1964
- Data as of
- 12/2021
- 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 12/2021, Kurt Weill Foundation For Music generated $2.6m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 3 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.
Since 2020, Kurt Weill Foundation For Music has awarded 212 individual grants totaling $918,140. 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 H Kowalke President & Ceo, Trustee | 40 | $149,507 | |
Brady Sansone Dir Of Programs/bus | 40 | $112,541 | |
Edward Harsh Dir. Of Strat. Initi | 30 | $110,191 | |
Elmar Juchem Kwe Managing Editor | 40 | $102,300 | |
Dave Stein Archivist | 40 | $94,541 | |
Nathan Lacy Manager Of Promotion | 40 | $63,020 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley | 12/30/21 | $96,779 |
Td Ameritrade | 12/30/21 | $69,579 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,362 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,034,228 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $903,640 |
| Capital Gain Net Income | $903,640 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $598,802 |
| Total Revenue | $2,637,032 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $160,757 |
| Other employee salaries and wages | $546,363 |
| Pension plans, employee benefits | $198,784 |
| Interest | $0 |
| Taxes | $33,935 |
| Depreciation | $17,840 |
| Occupancy | $41,031 |
| Travel, conferences, and meetings | $5,126 |
| Printing and publications | $66,594 |
| Other expenses | $159,041 |
| Total operating and administrative expenses | $1,416,227 |
| Contributions, gifts, grants paid | $432,340 |
| Total expenses and disbursements | $1,848,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,435 |
| Savings and temporary cash investments | $2,192,042 |
| 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 | $31,251 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $589,663 |
| Net Land, buildings, and equipment | $189,317 |
| Other assets | $826,199 |
| Total assets | $43,379,551 |
| Accounts payable and accrued expenses | $59,087 |
| Grants payable | $221,600 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $165,000 |
| Total liabilities | $445,687 |
Grants Awarded
Over the last fiscal year, Kurt Weill Foundation For Music has awarded $557,440 in support to 130 organizations.
| Grant Recipient | Amount |
|---|---|
TEATRO ALLA SCALA PURPOSE: PROFESSIONAL PERFORMANCE GRANT: DIES SIEBAN TODSUENDEN/MAHAGONNY SONGSPIEL | $50,000 |
VOLKSOPER WIEN GMBH PURPOSE: PROFESSIONAL PERFORMANCE GRANT | $40,000 |
RED LINE PRODUCTIONS PURPOSE: PROFESSIONAL PERFORMANCE GRANT | $30,000 |
CAPE TOWN OPERA PURPOSE: PROFESSIONAL PERFORMANCE GRANT: SEVEN DEADLY SINS | $30,000 |
BLOMST GUG PURPOSE: PROFESSIONAL PERFORMANCE GRANT: ZAUBERNACHT | $25,000 |
Atlanta, GA PURPOSE: PROFESSIONAL PRODUCTION GRANT: THREEPENNY OPERA | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Handel And Haydn Society Boston, MA | $29,038,335 | $22,868,295 |
Groton Hill Music Inc Groton, MA | $210,830,113 | $41,196,688 |
Newport Festivals Foundation Inc Essex, MA | $20,080,911 | $11,132,304 |
Whyhunger Inc New York, NY | $5,607,325 | $7,869,621 |
Caramoor Center For Music & The Arts Inc Katonah, NY | $49,439,168 | $6,140,543 |
Save The Music Foundation New York, NY | $5,156,662 | $8,206,045 |
Rockport Music Inc Rockport, MA | $31,791,427 | $3,720,672 |
American Friends Of Les Arts Florissants Inc New York, NY | $1,107,997 | $2,546,808 |
Chicken & Egg Pictures Inc Brooklyn, NY | $9,525,742 | $4,390,371 |
Young Concert Artists Inc New York, NY | $10,777,916 | $2,607,839 |
Play On Philly Philadelphia, PA | $3,128,034 | $1,933,765 |
New Music Usa Inc New York, NY | $21,074,524 | $3,287,635 |