Colburn Music Fund
- Assets
- $0.0
- Revenue
- $1.8m
- Investments
- $148.5m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 07/2000
- Data as of
- 06/2019
- EIN
- 95-4804766
Organization Overview
Colburn Music Fund is located in Los Angeles, CA. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate 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.
For the year ending 06/2019, Colburn Music Fund generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (26.4%) each year. All expenses for the organization totaled $7.8m during the year ending 06/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
N/A
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol C Grigor Chairman | 1 | $0 | |
Richard W Colburn Director | 1 | $0 | |
Layne B Pinkernell Treasurer/ Secretary | 1 | $0 | |
David D Colburn Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,847,636 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,827,507 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $501,876 |
| Contributions, gifts, grants paid | $7,300,000 |
| Total expenses and disbursements | $7,801,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,293 |
| Investments—mortgage loans | $0 |
| Investments—other | $133,309,569 |
| Other assets | $70,997 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $521,438 |
Grants Awarded
Over the last fiscal year, Colburn Music Fund has awarded $4,000,232 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: TO SUPPORT CLASSICAL MUSIC EDUCATION | $4,000,000 |
CONTRIBUTION FROM HARVEST MLP PASS-THROUGH K-1 PURPOSE: AVAILABLE UPON REQUEST | $110 |
CONTRIBUTION FROM KAYNE ANDERSON PASS-THROUGH K-1 PURPOSE: AVAILABLE UPON REQUEST | $46 |
CONTRIBUTION FROM PATHWAY PRIVATE PASS-THROUGH K-1 PURPOSE: AVAILABLE UPON REQUEST | $44 |
CONTRIBUTION FROM OCH-ZIFF PASS-THROUGH K-1 PURPOSE: AVAILABLE UPON REQUEST | $29 |
CONTRIBUTION FROM DUNE REAL PASS-THROUGH K-1 PURPOSE: AVAILABLE UPON REQUEST | $3 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ray And Dagmar Dolby Family Fund San Francisco, CA | $99,390,789 | $10,905,334 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $10,569,953 | $10,116,470 |
Colburn Music Fund Los Angeles, CA | $0 | $1,827,507 |
Herbalife Nutrtion Foundation Los Angeles, CA | $12,904,700 | $4,767,159 |
Kla-Tencor Foundation Milpitas, CA | $27,951,327 | $8,476,259 |
Frederick Gardner Cottrell Foundation Tucson, AZ | $51,564,715 | $11,154,134 |
Walter J & Betty C Zable Foundation San Diego, CA | $0 | $3,783,752 |
Harman Family Foundation Los Angeles, CA | $38,212,766 | $3,645,376 |
Kabcenell Family Foundation Portola Valley, CA | $21,668,470 | $1,693,426 |
Intuit Foundation Mountain View, CA | $943,354 | $4,145,973 |
In-N-Out Burgers Foundation Irvine, CA | $35,758,295 | $6,631,731 |
Gardner Grout Foundation Reno, NV | $44,721,641 | $3,909,054 |