American Composers Forum
- Assets
- $9.0m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 12
- Location
- St Paul, MN
- Founding
- 06/1976
- Data as of
- 06/2022
- EIN
- 23-7452688
Organization Overview
American Composers Forum is located in St Paul, MN. The organization was established in 1976. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, American Composers Forum employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Composers Forum 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, American Composers Forum generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $1.7m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 years. 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
TO SUPPORT AND ADVOCATE FOR MUSIC CREATORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTIST SERVICES:THE ORGANIZATION PROVIDES RESOURCES AND SUPPORT TO MUSIC CREATORS FOR MULTIPLE POINTS IN THEIR CREATIVE LIVES. THROUGH COMMISSIONS, FELLOWSHIPS, AND SERVICES, THE ORGANIZATION PROVIDES FINANCIAL SUPPORT, MENTORSHIP, CAREER DEVELOPMENT, AND COMMUNITY FOR MUSICAL ARTISTS. GRANTS PROVIDE SEED MONEY FOR THE DEVELOPMENT OF NEW WORK, UNRESTRICTED MONEY FOR MID-CAREER ARTISTS, AND COMMISSION SUPPORT FOR A ROTATING ENSEMBLE EACH YEAR. ARTIST ADVOCACY:ARTIST EQUITY SUMMIT IS AN ANNUAL CONVENING THAT CENTERS MUSIC CREATORS AND THEIR MUSIC IN DIALOGUE ABOUT RACIAL EQUITY IN THE ARTS. ACF HOSTS STUDY GROUPS, ROUNDTABLES, AND PANELS ON RELATED TOPICS AS WELL. MEDIA:THE ORGANIZATION IS THE HOME OF INNOVA RECORDINGS, A MUSIC LABEL THAT REPRESENTS A DIVERSE MIX OF WORK BY LIVING ARTISTS. DISTRIBUTED THROUGH NAXOS USA, THE CATALOG NUMBERS OVER 700 TITLES AND IS FREQUENTLY FEATURED ON LEADING DIGITAL PLATFORMS SUCH AS ITUNES, APPLE MUSIC AND SPOTIFY. IN SEPTEMBER 2020, ACF ACQUIRED THE MULTIMEDIA HUB I CARE IF YOU LISTEN, WHICH PRESENTS A BLEND OF MUSIC CRITICISM, ARTIST PROFILES, ESSAYS, AND PLAYLISTS, AND ATTRACTS 40,000 MONTHLY PAGE VIEWS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vanessa Rose Executive Director | OfficerTrustee | 60 | $104,906 |
Paul Hanson Director Of Finance And Administ | Officer | 40 | $75,512 |
Stanford Thompson Vice Chair | OfficerTrustee | 0.5 | $0 |
Stephen Usery Treasurer | OfficerTrustee | 0.5 | $0 |
Janis Lane-Ewart Secretary | OfficerTrustee | 0.5 | $0 |
Nirmala Rajasekar Chair | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $213,349 |
| All other contributions, gifts, grants, and similar amounts not included above | $843,450 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,056,799 |
| Total Program Service Revenue | $75,934 |
| Investment income | $260,670 |
| 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 | $1,393,403 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $252,395 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $202,019 |
| Compensation of current officers, directors, key employees. | $51,645 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $530,988 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $42,823 |
| Payroll taxes | $60,966 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,482 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $361,170 |
| Advertising and promotion | $16,578 |
| Office expenses | $4,885 |
| Information technology | $8,996 |
| Royalties | $0 |
| Occupancy | $66,451 |
| Travel | $37,070 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,715 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,170 |
| Insurance | $2,600 |
| All other expenses | $21,666 |
| Total functional expenses | $1,724,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,389 |
| Savings and temporary cash investments | $514,286 |
| Pledges and grants receivable | $157,569 |
| Accounts receivable, net | $18,969 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,145 |
| Inventories for sale or use | $59,395 |
| Prepaid expenses and deferred charges | $16,494 |
| Net Land, buildings, and equipment | $2,662 |
| Investments—publicly traded securities | $8,028,607 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,023,516 |
| Accounts payable and accrued expenses | $10,662 |
| Grants payable | $272,015 |
| Deferred revenue | $0 |
| 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 | $392,962 |
| Total liabilities | $675,639 |
| Net assets without donor restrictions | $1,356,737 |
| Net assets with donor restrictions | $6,991,140 |
| 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 | $9,023,516 |
Grants Awarded
Over the last fiscal year, American Composers Forum has awarded $37,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: COMPOSER FEE | $10,000 |
Chicago, IL PURPOSE: COMPOSER FEE | $10,000 |
Miami, FL PURPOSE: COMPOSER FEE | $6,000 |
Miami, FL PURPOSE: COMPOSER FEE | $6,000 |
St Paul, MN PURPOSE: COMPOSER FEE | $2,500 |
St Paul, MN PURPOSE: COMPOSER FEE | $2,500 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that American Composers Forum has recieved totaling $1,735,185.
| Awarding Organization | Amount |
|---|---|
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $472,988 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $240,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $240,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR THE MCKNIGHT ARTIST FELLOWSHIPS FOR COMPOSERS | $228,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR THE MCKNIGHT ARTIST FELLOWSHIPS FOR COMPOSERS | $228,000 |
Jerome Foundation Inc Saint Paul, MN PURPOSE: SUPPORT FOR MUSIC ORGANIZATION WORKING WITH EARLY CAREER COMPOSERS | $192,000 |
Endowment Analysis
| Beg. Balance | $7,199,293 |
| Earnings | -$964,725 |
| Net Contributions | $3,150 |
| Other Expense | $327,500 |
| Ending Balance | $5,910,218 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Schubert Club St Paul, MN | $22,801,473 | $4,063,918 |
Minnetonka Youth Hockey Association Minnetonka, MN | $11,192,985 | $2,520,815 |
Vocalessence Minneapolis, MN | $7,433,658 | $2,557,414 |
Osseo-Maple Grove Youth Hockey Association Osseo, MN | $2,211,214 | $2,250,377 |
American Composers Forum St Paul, MN | $9,023,516 | $1,393,403 |
Lutheran Music Program Minneapolis, MN | $2,920,609 | $1,763,933 |
Saturday In The Park Inc Sioux City, IA | $111,911 | $911,266 |
Birch Creek Music Performance Center Inc Egg Harbor, WI | $4,670,702 | $1,564,605 |
Quad City Symphony Tr Davenport, IA | $15,204,035 | $748,751 |
Shellabration Inc Fort Dodge, IA | $122,265 | $523,549 |
Lakes Area Music Festival Brainerd, MN | $288,539 | $699,532 |
Civic Music Association Des Moines, IA | $1,903,874 | $722,778 |