Northwest Music Foundation
- Assets
- $0.0
- Revenue
- $12.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Stanwood, WA
- Founding
- 03/2008
- Data as of
- 12/2019
- EIN
- 20-3883893
Organization Overview
Northwest Music Foundation is located in Stanwood, WA. The organization was established in 2008. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations.
For the year ending 12/2019, Northwest Music Foundation generated $12.5k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $85.9k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC EQUIPMENT DONATIONS/GRANT TO SNOHOMISH COUNTY MUSIC PROJECT, IN SUPPORT OF MUSIC ACTIVITIES IN THE COMMUNITY.
MOENTARY DONATIONS/GRANT TO SNOHOMISH COUNTY MUSIC PROJECT, IN SUPPORT OF MUSIC ACTIVITIES IN THE COMMUNITY.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,579 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,949 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,528 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $34,000 |
| Other employee salaries and wages | $2,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,807 |
| Depreciation | $872 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $350 |
| Printing and publications | $0 |
| Other expenses | $33,766 |
| Total operating and administrative expenses | $83,426 |
| Contributions, gifts, grants paid | $2,500 |
| Total expenses and disbursements | $85,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Northwest Music Foundation has awarded $10,290 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MEGS MCLEON PURPOSE: RECORDING PROJECT FOR CD | $5,300 |
PRESIDENTS ELEMENTARY SCHOOL PURPOSE: 28 UKELES FOR SCHOOL MUSIC PROGRAM | $2,240 |
RYAN KLEIN PURPOSE: RECORDING PROJECT FOR THE HOODOWN DR | $2,750 |