Gustavo Dudamel Foundation Inc is located in New York, NY. The organization was established in 2012. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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. Gustavo Dudamel 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 12/2023, Gustavo Dudamel Foundation Inc generated $223.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.2% each year . All expenses for the organization totaled $211.7k during the year ending 12/2023. While expenses have increased by 13.0% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EXPAND ACCESS TO MUSIC AND THE ARTS FOR YOUNG PEOPLE BY PROVIDING TOOLS AND OPPORTUNITIES TO SHAPE THEIR CREATIVE FUTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIDELIO -- ENTIRELY PERFORMED BY DEAF ACTORS, AS WELL AS SUNG BY HEARING PERFORMERS, FIDELIO BRIDGES DEAF AND HEARING COMMUNITIES AND ENCOURAGES US ALL TO EXAMINE THE IMPORTANCE OF MUSIC, ART, MOVEMENT, AND GESTURE AS THEY RELATED TO THE MANY DIFFERENT WAYS IN WHICH PEOPLE EXPERIENCE MUSIC. IN 2023, THE DUDAMEL FOUNDATION SUPPORTED SEVEN OPERA SINGERS FROM EUORPE AS THEY LEARNED THEIR ROLES FOR THE OPERA, THE SINGERS STUDIED THEIR MUSICAL PARTS IN PERPARATION OF WORKING TOGETHER WITH THE CORO DE MANOS BLANCAS (WHITE HANDS CHOIR), A CHOIR OF DEAF ARTISTS FROM VENEZULA, WHO EMBODIED THE OPERA'S SEVEN LEADS ROLES FOR THE FIRST TIME.ENCUENTROS -- A CHAMPION OF THE BELIEF IN MUSIC'S POWER TO UNITE AND INSPIRE, GUSTAVO DUDAMEL CREATED THE IDEA OF ENCUENTROS(ENGLISH:"ENCOUNTERS") THROUGH HIS FOUNDATION IN 2018 AS A WAY FOR YOUNG PEOPLE TO EXPLORE CULTURAL UNITY AND CELEBRATE HARMONY, EQUALITY, DIGNITY, AND RESPECT THROUGH MUSIC. THROUGH THIS VISION, ENCUENTROS INSPIRES AND TEACHES A NEW GENERATION OF YOUNG LEADERS TO BUILD A BETTER WORLD.TRENTON ARTS AT PRINCETON -- THROUGH A FIVE-YEAR DUDAMEL FOUNDATION GRANT, PRINCETOWN UNIVERSITY LAUNCHED THE NEIGHBORHOOD PROJECT IN JANUARY 2020, AN EDUCATIONAL INITIATIVE DESIGNED TO CONNECT MUSICIANS ON PUC'S SERIES WITH STUDENTS FROM NEIGHBORING UNDERSERVED COMMUNITIES. THE FIVE-YEAR PILOT PROGRAM IS A COLLABORATION WITH TRENTON ARTS AT PRINCETON AND FOCUSED ON A PARTNERSHIP WITH TRENTON CENTRAL HIGH SCHOOL IN ITS INAUGURAL YEAR. THE FIVE-YEAR GRANT ALSO SUPPORTS THE TRENTON YOUTH ORCHESTRA, NOW PART OF TRENTON ARTS @ PRINCETON, AND ITS FACULTY MENTORS THROUGH THE SPRING OF 2025.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gustavo Dudamel Co-Chair | OfficerTrustee | 5 | $0 |
Maria Valverde Co-Chair | OfficerTrustee | 5 | $0 |
Anne T Dowling President | OfficerTrustee | 5 | $0 |
Penelope Boehm Treasurer | OfficerTrustee | 5 | $0 |
Jacob Slattery Director Of Programs | Officer | 20 | $42,000 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $222,977 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $222,977 |
Total Program Service Revenue | $0 |
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 | $222,977 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $42,000 |
Compensation of current officers, directors, key employees. | $4,200 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $5,390 |
Fees for services: Accounting | $17,062 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $26,550 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $66,092 |
Advertising and promotion | $405 |
Office expenses | $326 |
Information technology | $1,162 |
Royalties | $0 |
Occupancy | $0 |
Travel | $48,527 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,783 |
All other expenses | $0 |
Total functional expenses | $211,698 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $282,629 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $114,610 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $11,203 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $408,442 |
Accounts payable and accrued expenses | $8,124 |
Grants payable | $0 |
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 | $0 |
Total liabilities | $8,124 |
Net assets without donor restrictions | $290,318 |
Net assets with donor restrictions | $110,000 |
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 | $408,442 |