Harvard Musical Association
- Assets
- $6.2m
- Revenue
- $589.1k
- Investments
- $5.8m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/1941
- Data as of
- 06/2022
- EIN
- 04-2104284
Organization Overview
Harvard Musical Association is located in Boston, MA. The organization was established in 1941. According to its NTEE Classification (A68) the organization is classified as: Music, 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. Harvard Musical Association 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, Harvard Musical Association generated $589.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $405.2k during the year ending 06/2022. While expenses have increased by 2.2% per year over the past 6 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.
Since 2015, Harvard Musical Association has awarded 45 individual grants totaling $149,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAIN LIBRARY & MUSIC ROOM
PRESENT CONCERTS
CONTRIBUTIONS TO MUSIC & MUSIC RELATED ORGANIZATIONS (SEE PART XV)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Schemmer President | 0 | $0 | |
Theresa Stone VP | 0 | $0 | |
Ryan Taliaferro Treasurer | 0 | $0 | |
F Lee Eiseman Director | 0 | $0 | |
Joshua Katzen Director | 0 | $0 | |
Sally Rubin Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $77,890 |
| Interest on Savings | $7 |
| Dividends & Interest | $167,669 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $212,039 |
| Capital Gain Net Income | $102,124 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $131,520 |
| Total Revenue | $589,125 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $81,667 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,314 |
| Depreciation | $24,796 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $270,746 |
| Total operating and administrative expenses | $393,958 |
| Contributions, gifts, grants paid | $11,250 |
| Total expenses and disbursements | $405,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,159 |
| Savings and temporary cash investments | $0 |
| 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 | $414,252 |
| Other assets | $0 |
| Total assets | $6,244,646 |
| 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, Harvard Musical Association has awarded $11,250 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MARIA IOUDENITCH PURPOSE: FOOTE AWARDS | $5,000 |
ERIC ZHANG PURPOSE: 3RD PRIZE | $750 |
KATHERINE LIU PURPOSE: 1ST PRIZE | $2,000 |
JAEHO LEE PURPOSE: 2ND PRIZE | $1,000 |
KENNETH MELI BROBERG PURPOSE: FOOTE AWARDS | $2,500 |