New England Musicians Resource Fund Inc
- Assets
- $133.3k
- Revenue
- $32.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, MA
- Founding
- Data as of
- 06/2023
- EIN
- 85-2306066
Organization Overview
New England Musicians Resource Fund Inc is located in Arlington, MA. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New England Musicians Resource Fund 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 06/2023, New England Musicians Resource Fund Inc generated $32.3k 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 (55.5%) each year. All expenses for the organization totaled $39.8k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (49.0%) per year over the past 3 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEW ENGLAND MUSICIANS RESOURCE FUND PROVIDES DIRECT RELIEF FOR PROFESSIONAL MUSICIANS IN NEW ENGLAND EXPERIENCING HARDSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDED IN 2020 AS THE NEW ENGLAND MUSICIANS RELIEF FUND BY A HOST OF BOSTON-AREA MUSICIANS, UNION LEADERS, EXECUTIVES, AND MUSIC SUPPORTERS, NEMRF WAS ESTABLISHED TO ADDRESS THE ACUTE CRISIS CREATED BY THE GLOBAL PANDEMIC. NEMRF REMAINS COMMITTED TO PROVIDING CRITICAL RESOURCES TO MUSICIANS BY PROVIDING DIRECT FINANCIAL GRANTS, PROFESSIONAL DEVELOPMENT, EDUCATION, ADVOCACY AND WELLNESS.DURING THE FISCAL YEAR ENDED JUNE 30, 2023, THE NEMRF ASSISTED 13 MUSICIANS WITH A $1,000 GRANT AND 3 MUSICIANS WITH A $2,000 GRANT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gabriel Langfur Rice President | OfficerTrustee | 2 | $0 |
Hazel Dean Davis Vice President | OfficerTrustee | 2 | $2,100 |
Joseph Y Wang Clerk | OfficerTrustee | 2 | $0 |
Anthony D'amico Director | Trustee | 2 | $0 |
Hadley Reynolds Director | Trustee | 2 | $0 |
Dennis Alves Director | Trustee | 2 | $0 |
Financial Statements
| 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 | $31,301 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,301 |
| Total Program Service Revenue | $0 |
| Investment income | $955 |
| 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 | $32,256 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,350 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $790 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $347 |
| Office expenses | $491 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $40 |
| 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 | $1,001 |
| All other expenses | $489 |
| Total functional expenses | $39,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,763 |
| Savings and temporary cash investments | $30,519 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| 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 | $133,282 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $113,291 |
| Net assets with donor restrictions | $19,991 |
| 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 | $133,282 |