Local 4 Music Fund Inc

Organization Overview

Local 4 Music Fund Inc is located in Cleveland, OH. The organization was established in 1974. 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. Local 4 Music 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 12/2023, Local 4 Music Fund Inc generated $250.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $277.0k during the year ending 12/2023. While expenses have increased by 7.0% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE LOCAL 4 MUSIC FUND IS ORGANIZED WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 FOR CHARITABLE AND EDUCATIONAL PURPOSES TO RECEIVE CONTRIBUTIONS AND GRANTS FOR THE PRIMARY PURPOSE OF PROMOTING AND FOSTERING THE KNOWLEDGE, APPRECIATION, UNDERSTANDING, ENJOYMENT, AND LIVE PERFORMANCE OF MUSIC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROMOTING AND FOSTERING THE KNOWLEDGE, APPRECIATION, UNDERSTANDING AND ENJOYMENT OF LIVE MUSIC PERFORMANCES.


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Board, Officers & Key Employees

Name (title)Compensation
Amber Rogers
Executive Di
$19,100
Todd Smith
Vice Preside
$0
Shachar Israil
Director
$0
Julie King
Director
$0
Richard King
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $147,125
All other contributions, gifts, grants, and similar amounts not included above$278
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$147,403
Total Program Service Revenue$102,579
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 $249,982

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