Elma Us Music Foundation
- Assets
- $6.4m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/2011
- Data as of
- 12/2021
- EIN
- 27-3622277
Organization Overview
Elma Us Music Foundation is located in New York, NY. The organization was established in 2011. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elma Us Music Foundation 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, Elma Us Music Foundation generated $5.0m in total revenue. All expenses for the organization totaled $3.1m during the year ending 12/2021. While expenses have increased by 197.4% per year over the past 5 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, Elma Us Music Foundation has awarded 73 individual grants totaling $11,210,951. 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 |
|---|---|---|---|
Meron Makonnen Secretary/director | 0.5 | $0 | |
Clive Calder Director | 0.5 | $0 | |
Robyn Calder Director | 0.5 | $0 | |
Liz Healy Cfo/treasurer | 0.5 | $0 | |
Tarik Ward Director | 0.5 | $0 | |
Paul Katz Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000,000 |
| Interest on Savings | $826 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,000,826 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $62 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $748 |
| Total operating and administrative expenses | $21,660 |
| Contributions, gifts, grants paid | $3,107,809 |
| Total expenses and disbursements | $3,129,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,894,450 |
| Savings and temporary cash investments | $2,536,726 |
| 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 | $6,431,176 |
| 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, Elma Us Music Foundation has awarded $3,107,809 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: PROJECT SUPPORT TO ESTABLISH THE HUGH MASEKELA HERITAGE SCHOLARSHIP FOR SIX SOUTH AFRICAN STUDENTS TO ATTEND THE MANHATTAN SCHOOL OF MUSIC UNDERGRADUATE PROGRAM. | $456,973 |
Miami, FL PURPOSE: PROJECT SUPPORT FOR THE MIAMI MUSIC ALLIANCE (MMA), A COLLABORATIVE EFFORT OF SIX ORGANIZATIONS TO PROVIDE 5100 PRE-K THROUGH HIGH SCHOOL STUDENTS IN MIAMI GARDENS WITH SEQUENTIAL MUSIC EDUCATION AND SOCIO-EMOTIONAL SUPPORT. | $250,000 |
MEMPHIS EQUITY THROUGH ARTS (META) INCORPORATED PURPOSE: PROJECT SUPPORT FOR SUB-GRANTS AND CAPACITY BUILDING TO THREE-TO-FOUR COMMUNITY BASED, MUSIC ORIENTED YOUTH DEVELOPMENT ORGANIZATIONS. | $210,330 |
New York, NY PURPOSE: PROJECT SUPPORT FOR THE MUSIC AND PERFORMING ARTS PROGRAMMING OF A COMMUNITY-BASED ORGANIZATION THAT SERVES YOUTH AGES 12-21 IN THE AREAS OF HEALTH, EDUCATION, THE ARTS, PERSONAL DEVELOPMENT, AND CAREER SERVICES. | $200,000 |
Houston, TX PURPOSE: PROJECT SUPPORT FOR A PILOT TO INTEGRATE MUSIC INTO AN EARLY CHILDHOOD EDUCATION PROGRAM SERVING APPROXIMATELY 1,100 LOW-INCOME AND UNDERSERVED FAMILIES. SUPPORT INCLUDES RESOURCES FOR AN EVALUATION TO DETERMINE EFFICACY OF MUSIC INTEGRATION IN ECD CLASSROOMS. | $175,000 |
VH1 SAVE THE MUSIC FOUNDATION - NEW ORLEANS PURPOSE: PROJECT SUPPORT FOR CITY WIDE MUSIC EDUCATION ADVANCEMENT IN NEW ORLEANS SCHOOLS. | $175,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |