Nicolae Bretan Music Foundation
- Assets
- $3.0m
- Revenue
- $55.7k
- Investments
- $1.4m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 11/1983
- Data as of
- 12/2023
- 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 12/2023, Nicolae Bretan Music Foundation generated $55.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (18.7%) each year. All expenses for the organization totaled $84.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Nicolae Bretan Music Foundation has awarded 16 individual grants totaling $247,589. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janice Taylor Lake Treasurer | 1 | $0 | |
Christopher Yenson President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $32,413 |
| Dividends & Interest | $9,552 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,693 |
| Capital Gain Net Income | $7,706 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $55,658 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,808 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $302 |
| Printing and publications | $0 |
| Other expenses | $16,880 |
| Total operating and administrative expenses | $49,918 |
| Contributions, gifts, grants paid | $35,000 |
| Total expenses and disbursements | $84,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,083 |
| Savings and temporary cash investments | $228,008 |
| 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 | $793,365 |
| Net Land, buildings, and equipment | $5,000 |
| Other assets | $1,306,635 |
| Total assets | $2,966,430 |
| 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 $35,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
21ST CENTRUY CONSORTIUM PURPOSE: SUPPORT /GENERAL OPERATIONS | $15,000 |
21ST CENTURY CONSORTIUM PURPOSE: VERY YOUNG COMPOSERS PROGRAM | $5,000 |
UNIVERSITY OF MARYLAND COLLEGE PARK PURPOSE: MUSICAL INSTRUMENTS | $15,000 |