Nicolae Bretan Music Foundation
- Assets
- $3.2m
- Revenue
- $110.1k
- Investments
- $1.5m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 11/1983
- Data as of
- 12/2021
- EIN
- 13-2935875
Organization Overview
Nicolae Bretan Music Foundation is located in Los Angeles, CA. The organization was established in 1983. 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. Nicolae Bretan Music Foundation 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 12/2021, Nicolae Bretan Music Foundation generated $110.1k 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 (11.2%) each year. All expenses for the organization totaled $116.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Yenson Vice Preside | 1 | $0 | |
Janice Taylor Lake President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19,702 |
| Dividends & Interest | $12,266 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $78,093 |
| Capital Gain Net Income | $78,093 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $110,061 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $900 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $23,567 |
| Total operating and administrative expenses | $51,002 |
| Contributions, gifts, grants paid | $65,000 |
| Total expenses and disbursements | $116,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $348,958 |
| Savings and temporary cash investments | $99,097 |
| 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 | $1,001,325 |
| Net Land, buildings, and equipment | $5,000 |
| Other assets | $1,306,635 |
| Total assets | $3,242,270 |
| 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, Nicolae Bretan Music Foundation has awarded $65,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UMD COLLEGE PARK SCHOOL OF MUSIC PURPOSE: SUPPORT GENERAL OPPERATIONS | $40,000 |
21ST CENTURY CONSORTIUM PURPOSE: SUPPORRT GENERAL OPERATIONS/ | $15,000 |
21ST CENTURY CONSORTIUM PURPOSE: VERY YOUNG COMPOSERS PROGRAM | $5,000 |
Beverly Hills, CA PURPOSE: SUPPORT GENERAL PURPOSE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Musicares Foundation Inc Santa Monica, CA | $28,828,154 | $32,357,649 |
San Francisco Jazz Organization San Francisco, CA | $64,965,614 | $11,913,007 |
Music Concourse Community Partnership San Francisco, CA | $31,271,076 | $4,428,131 |
Berkeley Music Group Berkeley, CA | $6,181,022 | $4,579,247 |
Kronos Performing Arts Assn San Francisco, CA | $1,591,460 | $2,774,082 |
Monterey Jazz Festival Monterey, CA | $3,593,346 | $4,129,138 |
Mosier Community School Foundation Inc Mosier, OR | $3,936,713 | $2,235,279 |
Carmel Bach Festival Inc Carmel, CA | $1,675,160 | $2,099,477 |
Camerata Pacifica Santa Barbara, CA | $1,526,106 | $1,221,933 |
American Bach Soloists San Francisco, CA | $908,845 | $1,282,181 |
Music For Minors Inc San Carlos, CA | $710,130 | $1,519,051 |
New West Symphony Association Thousand Oaks, CA | $774,216 | $1,642,962 |