Grammy Museum Foundation Inc

Organization Overview

Grammy Museum Foundation Inc is located in Los Angeles, CA. The organization was established in 2015. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2022, Grammy Museum Foundation Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grammy Museum Foundation 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 07/2021, Grammy Museum Foundation Inc generated $9.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $11.7m during the year ending 07/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, Grammy Museum Foundation Inc has awarded 146 individual grants totaling $1,727,834. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE GRAMMY MUSEUM CELEBRATES AND EXPLORES MUSIC FROM YESTERDAY AND TODAY TO INSPIRE THE MUSIC OF TOMORROW.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GENERAL ADMISSIONS: MAINTAINING AND OPERATING THE GRAMMY MUSEUM TO PROVIDE A ONE-OF-A-KIND EXPERIENCE FOR THE PUBLIC THAT PROMOTES THE CREATIVE PROCESS, THE HISTORY OF MUSIC AND THE GRAMMY AWARDS, AS WELL AS CULTURAL UNDERSTANDING.


CURATORIAL SERVICES: SERVICES PROVIDED ON SETTING UP AND MAINTAINING TRAVELING EXHIBITS, WHICH WERE CONSTRUCTED FOR THE GRAMMY MUSEUM DURING THE YEAR OR A PRIOR PERIOD, AND THEN TRANSPORTED TO AND SET-UP TEMPORARILY IN ANOTHER MUSEUM-TYPE LOCATION. SERVICES ALSO PROVIDED IN ASSISTING THIRD PARTIES IN PROMOTING MUSIC EDUCATION AND DEVELOPMENT OUTSIDE THE GRAMMY MUSEUM'S LOCATION IN LOS ANGELES, CALIFORNIA.


PUBLIC PROGRAMS AND EDUCATION: THE GRAMMY MUSEUM HOSTS A WIDE RANGE OF PUBLIC PROGRAMS IN THE MUSEUM'S SOUND STAGE THEATRE AND THROUGHOUT THE LA LIVE CAMPUS, WHERE THE GRAMMY MUSEUM IS LOCATED AS WELL AS VIRTUAL PROGRAMS. PROGRAMS INCLUDE ARTISTS INTERVIEWS, LIVE PERFORMANCES, FILM SERIES, LECTURES, ARTIST-IN-RESIDENCE PROGRAMS, CONTINUING EDUCATION CLASSES, TOWN HALL MEETINGS, SPECIAL CONCERT SERIES, RECORD LABEL SHOWCASES, AND CURATORIAL-RELATED PROGRAMS. ALL PROGRAMS ARE RECORDED FOR ARCHIVAL PURPOSES TO SHARE WITH THE PUBLIC. THE GOAL OF THE GRAMMY MUSEUM'S EDUCATION PROGRAM IS TO EDUCATE AND INSPIRE, THROUGH EXPOSURE TO ALL MUSIC AND THE CREATIVE PROCESS, ALL VISITORS BUT MOST SPECIFICALLY SCHOOL GROUPS AND FAMILIES. THE PROGRAMS INCLUDE TEACHER WORKSHOPS, MUSEUM TOURS, SEMINARS, SYMPOSIA, MASTER MUSIC CLASSES, MENTORING PROGRAMS, MUSIC FORUMS, SCHOOL OUTREACH AND MUSICAL DEMONSTRATIONS, CAMPS, AND SATURDAY FAMILY PROGRAMS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Deloitte & Touche Llp
Accounting Services
$158,000
Ipr Services
Exhibit Design And Build
$422,791
Deloitte & Touche Llp
Accounting Services
$158,000
Ipr Services
Exhibit Design And Build
$422,791
Deloitte & Touche Llp
Accounting Services
$158,000
Ipr Services
Exhibit Design And Build
$422,791
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$147,398
Fundraising events$0
Related organizations$0
Government grants $1,041,580
All other contributions, gifts, grants, and similar amounts not included above$6,066,013
Noncash contributions included in lines 1a–1f $57,830
Total Revenue from Contributions, Gifts, Grants & Similar$7,254,991
Total Program Service Revenue$1,826,029
Investment income $226,137
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$46,638
Net Gain/Loss on Asset Sales $314,175
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $26,048
Miscellaneous Revenue$0
Total Revenue $9,757,476

Grants Awarded

Over the last fiscal year, Grammy Museum Foundation Inc has awarded $317,039 in support to 28 organizations.

Grant RecipientAmount

UNIVERSITY OF SOUTHERN CALIFORNIA

Org PageRecipient Profile

Los Angeles, CA

PURPOSE: SCIENTIFIC RESEARCH GRANT

$20,000

ARHOOLIE FOUNDATION

Org PageRecipient Profile

El Cerrito, CA

PURPOSE: MUSIC PRESERVATION IMPLEMENTATION GRANT

$20,000

APOLLO THEATER FOUNDATION

Org PageRecipient Profile

New York, NY

PURPOSE: MUSIC PRESERVATION IMPLEMENTATION GRANT

$20,000

UNIVERSITY HOSPITALS HEALTH SYSTEM INC

Org PageRecipient Profile

Shaker Heights, OH

PURPOSE: SCIENTIFIC RESEARCH GRANT

$20,000

UNIVERSITY OF MIAMI

Org PageRecipient Profile

Coral Gables, FL

PURPOSE: SCIENTIFIC RESEARCH GRANT

$19,973

NEWARK PUBLIC RADIO INC

Org PageRecipient Profile

Newark, NJ

PURPOSE: MUSIC PRESERVATION IMPLEMENTATION GRANT

$15,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Grammy Museum Foundation Inc has recieved totaling $245,000.

Awarding OrganizationAmount
Latin Academy Of Recording Arts & Sciences Inc

Miami, FL

PURPOSE: GENERAL SUPPORT FOR THE MUSEUM FOUNDATION'S PROGRAMS

$200,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: ARTS, CULTURE & HUMANITIES

$25,000
United Way Of Greater St Louis Inc

Saint Louis, MO

PURPOSE: CCS - Strengthen Communities

$10,000
The Community Fdn Of Middle Tn Inc

Nashville, TN

PURPOSE: FOR UNDESIGNATED SUPPORT

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,439,178
Earnings-$423,183
Admin Expense$23,218
Other Expense$350,000
Ending Balance$3,642,777

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