Harvard Musical Association
- Assets
- $7.0m
- Revenue
- $386.9k
- Investments
- $6.6m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/1941
- Data as of
- 06/2021
- 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 06/2021, Harvard Musical Association generated $386.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $315.0k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Harvard Musical Association has awarded 50 individual grants totaling $165,750. 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
2021
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)
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Schemmer President | 0 | $0 | |
Ryan Taliaferro Treasurer | 0 | $0 | |
F Lee Eiseman Director | 0 | $0 | |
Theresa Stone VP | 0 | $0 | |
Sally Rubin Director | 0 | $0 | |
Henry B Weil Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $59,191 |
| Interest on Savings | $6 |
| Dividends & Interest | $107,487 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $79,060 |
| Capital Gain Net Income | $79,060 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $141,195 |
| Total Revenue | $386,939 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $80,607 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,317 |
| Depreciation | $27,092 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $181,628 |
| Total operating and administrative expenses | $311,004 |
| Contributions, gifts, grants paid | $4,000 |
| Total expenses and disbursements | $315,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,520 |
| 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 | $365,594 |
| Other assets | $0 |
| Total assets | $7,008,658 |
| 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 $4,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
JOE PURPOSE: 1ST PRIZE | $2,000 |
NATALIE PURPOSE: H.S. ACHIEVEMENT AWARDS 2ND PRIZE | $1,000 |
ERIC PURPOSE: 2ND PRIZE CO-PRIZE WINNER | $1,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Harvard Musical Association has recieved totaling $17,500.
| Awarding Organization | Amount |
|---|---|
Quimby Foundation Boston, MA PURPOSE: CHARITY | $12,500 |
Amelia And Joshua Katzen Family Foundation Inc Newton, MA PURPOSE: CASH DONATION - GENERAL FUND | $5,000 |
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 |