Music Haven Inc
- Assets
- $1.0m
- Revenue
- $915.2k
- Investments
- $268.3k
- Employees
- 10
- Location
- New Haven, CT
- Founding
- 08/2006
- Data as of
- 06/2022
- EIN
- 01-0870395
Organization Overview
Music Haven Inc is located in New Haven, CT. The organization was established in 2006. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Music Haven Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music Haven 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 06/2022, Music Haven Inc generated $915.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $822.6k during the year ending 06/2022. While expenses have increased by 8.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MUSIC HAVEN EMPOWERS AND CONNECTS YOUNG PEOPLE THROUGH EXCEPTIONAL TUITION-FREE MUSIC EDUCATION, MENTORING, AND PERFORMANCE BY OUR RESIDENT MUSICIANS IN THE HEART OF NEW HAVEN, GIVING ALL KIDS A CHANCE TO PLAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAMS FOR FAMILIES AND YOUTH THAT CONNECT MUSIC WITH SOCIAL CHANGE, INCLUDING OUT-OF-SCHOOL PROGRAMMING AND ALL COMMUNITY-BUILDING EVENTS.
EARNED FROM PERFORMANCES AND OPERATION OF THE RESIDENT ENSEMBLE, THE HAVEN STRING QUARTET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mandi Jackson Executive Director | Trustee | 40 | $83,500 |
Milda Mcclain Executive Director | Trustee | 40 | $83,500 |
Marc Mann President | Officer | 1 | $0 |
Tyler Yanosy Treasurer | Officer | 2 | $0 |
Anna Garsten Secretary | Officer | 1 | $0 |
Laura Altshul Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $141,115 |
| All other contributions, gifts, grants, and similar amounts not included above | $641,607 |
| Noncash contributions included in lines 1a–1f | $13,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $782,722 |
| Total Program Service Revenue | $33,202 |
| Investment income | $8,155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$12,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $915,152 |
| 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. | $167,000 |
| Compensation of current officers, directors, key employees. | $16,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $333,548 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $67,257 |
| Payroll taxes | $39,251 |
| 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 | $61,070 |
| Advertising and promotion | $3,120 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,211 |
| Travel | $952 |
| 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 | $11,100 |
| Insurance | $6,427 |
| All other expenses | $24,929 |
| Total functional expenses | $822,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,095 |
| Savings and temporary cash investments | $678,295 |
| 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 | $36,652 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $268,312 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,031,354 |
| 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 | $1,486 |
| Total liabilities | $1,486 |
| Net assets without donor restrictions | $1,029,319 |
| Net assets with donor restrictions | $549 |
| 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 | $1,031,354 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Music Haven Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Hagani Foundation Woodbridge, CT PURPOSE: EDUCATION | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jazz At Lincoln Center Inc New York, NY | $222,896,771 | $27,240,751 |
Handel And Haydn Society Boston, MA | $29,038,335 | $22,868,295 |
Groton Hill Music Inc Groton, MA | $210,830,113 | $41,196,688 |
Newport Festivals Foundation Inc Essex, MA | $20,080,911 | $11,132,304 |
Whyhunger Inc New York, NY | $5,607,325 | $7,869,621 |
Caramoor Center For Music & The Arts Inc Katonah, NY | $49,439,168 | $6,140,543 |
Save The Music Foundation New York, NY | $5,156,662 | $8,206,045 |
Rockport Music Inc Rockport, MA | $31,791,427 | $3,720,672 |
American Friends Of Les Arts Florissants Inc New York, NY | $1,107,997 | $2,546,808 |
Chicken & Egg Pictures Inc Brooklyn, NY | $9,525,742 | $4,390,371 |
Young Concert Artists Inc New York, NY | $10,777,916 | $2,607,839 |
New Music Usa Inc New York, NY | $21,074,524 | $3,287,635 |