Sergio Franchi Music Foundation
- Assets
- $1.2m
- Revenue
- $102.4k
- Investments
- $1.1m
- Employees
- 0
- Location
- Stonington, CT
- Founding
- 12/2019
- Data as of
- 12/2021
- EIN
- 83-2303882
Organization Overview
Sergio Franchi Music Foundation is located in Stonington, CT. The organization was established in 2019. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. Sergio Franchi 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, Sergio Franchi Music Foundation generated $102.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (59.9%) each year. All expenses for the organization totaled $155.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,874 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $28,879 |
| Capital Gain Net Income | $28,879 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $40,653 |
| Total Revenue | $102,406 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $645 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,916 |
| Total operating and administrative expenses | $27,561 |
| Contributions, gifts, grants paid | $128,150 |
| Total expenses and disbursements | $155,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,037 |
| Savings and temporary cash investments | $21,370 |
| 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 | $10,393 |
| Total assets | $1,194,256 |
| 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, Sergio Franchi Music Foundation has awarded $128,150 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
NY STATE KNIGHTS OF COLUMBUS PURPOSE: CHARITABLE ACTIVITIES AND CONTR. | $64,000 |
VERO BEACH OPERA INC PURPOSE: FUNDING OPERATIONS | $64,000 |
INTL ALLIANCE OF THEATRICAL STAGE PURPOSE: ACTIVITIES | $150 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sergio Franchi Music Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
The Leandro P Rizzuto Foundation Boynton Beach, FL PURPOSE: ASSIST YOUNG MUSICIANS OBTAIN THEIR HOPES AND DREAMS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Democracy Prep Public Schools New York, NY | $18,413,140 | $22,499,463 |
Theatre Development Fund Inc New York, NY | $10,654,511 | $12,739,705 |
New England Foundation For The Arts Inc Boston, MA | $37,132,144 | $19,074,510 |
New York Foundation For The Arts Inc Brooklyn, NY | $8,779,392 | $10,995,267 |
Moving Picture Institute New York, NY | $5,367,184 | $7,460,439 |
Liz Claiborne & Art Ortenberg Foundation New York, NY | $208,358,667 | $11,296,700 |
Art Of Problem Solving Initiative Inc New York, NY | $11,649,838 | $7,944,885 |
Performance Zone Inc New York, NY | $3,205,718 | $5,815,345 |
America-Israel Cultural Foundation Inc New York, NY | $5,736,559 | $3,348,442 |
Music Performance Trust Fund New York, NY | $10,128,887 | $4,587,841 |
Aba Pathways Inc Monroe, NY | $523,879 | $2,142,341 |
Slomo And Cindy Silvian Foundation Inc Melville, NY | $39,807,745 | $2,244,473 |