Society For Music Theory Inc
- Assets
- $902.5k
- Revenue
- $179.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomington, IN
- Founding
- 02/1980
- Data as of
- 12/2023
- EIN
- 13-3013019
Organization Overview
Society For Music Theory Inc is located in Bloomington, IN. The organization was established in 1980. 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. Society For Music Theory 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 12/2023, Society For Music Theory Inc generated $179.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $158.4k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SOCIETY FOR MUSIC THEORY PROMOTES THE DEVELOPMENT AND ENGAGEMENT WITH MUSIC THEORY AS A SCHOLARLY AND PEDAGOGICAL DISCIPLINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISH MUSIC THEORY SPECTRUM (SCHOLARLY JOURNAL, PUBLISH MUSIC THEORY ONLINE (SCHOLARLY ONLINE JOURNAL), PUBLISH SMT-V (SCHOLARLY VLOG/VIDEO JOURNAL), PUBLISH SMT-POD (SCHOLARLY PODCAST). OVER 1,000 MEMBERS TOOK ADVANTAGE OF SERVICES IN 2023. MUSIC THEORY SPECTRUM PUBLISHED ELEVEN FULL-LENGTH ARTICLES AND A COLLOQUY WITH ELEVEN CONTRIBUTES, AS WELL AS TWO SHORTER ARTICLES AND 4 BOOK REVIEWS, AND HAD OVER 100 INSTITUTIONAL SUBSCRIBERS. MUSIC THEORY ONLINE PUBLISHED FOUR NEW ISSUES, SMT-V PUBLISHED SIX NEW VIDEOS ESSAYS, AND SMT-POD PUBLISHED ELEVEN NEW EPISODES.
HOST ORGANIZATION'S WEBSITE INCLUDING COMMUNICATION TOOLS, LISTSERV, ELECTRONIC NEWSLETTER, AND INFORMATIONAL POSTS.
PROVIDE SUBVENTIONS FOR THE PUBLICATION OF ACADEMIC WORK IN MUSIC THEORY; RUN COMPETITIONS AND APPLICATION REVIEW PROCESSES FOR AUTHORS SEEKING PUBLICATION SUBVENTIONS, PROVIDE GRANTS FOR SCHOLARS TO HOST SPECIAL-TOPIC ACADEMIC CONFERENCES. DURING 2023, EIGHT SCHOLARS RECEIVED GRANTS TOTALING JUST UNDER 7,000 FOR PUBLICATIONS AND CONFERENCES, AND TWO SCHOLARS RECEIVED A DISSERTATION AWARD.
HOST ANNUAL SCHOLARLY CONFERENCE INCLUDING SPECIAL-TOPICS PEER-LEARNING WORKSHOPS FOR BOTH GRADUATE STUDENTS AND SCHOLARS. PROVIDE DIVERSITY AND FAMILY-CARE GRANTS TO ENABLE A DIVERSE POPULATION TO ATTEND. IN NOVEMBER 2023 WE MET JOINTLY WITH THE AMERICAN MUSICOLOGICAL SOCIETY IN DENVER TO PARTICIPATE IN PROFESSIONAL DEVELOPMENT WORKSHOPS AND ENGAGE IN SCHOLARLY EXCHANGE. EIGHTEEN MEMBERS RECEIVED TRAVEL GRANTS TOTALING OVER 8,000 TO PARTIALLY OFFSET EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Buchler President | Trustee | 17 | $0 |
Chelsea Burns At Large | Trustee | 2.5 | $0 |
Jennifer Diaz Executive Di | OfficerTrustee | 34 | $0 |
Nora Engebretsen Treasurer | OfficerTrustee | 4 | $0 |
Morwaread Farbood Member-At-La | Trustee | 0.5 | $0 |
Cynthia Gonzales Member-At-La | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,075 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,075 |
| Total Program Service Revenue | $138,630 |
| Investment income | $15,856 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $179,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,725 |
| Grants and other assistance to Foreign Orgs/Individuals | $2,009 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $264 |
| Fees for services: Accounting | $2,020 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $103,855 |
| Advertising and promotion | $0 |
| Office expenses | $11,225 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,988 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,038 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,933 |
| All other expenses | $153 |
| Total functional expenses | $158,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,965 |
| Savings and temporary cash investments | $79,340 |
| 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 | $0 |
| Investments—publicly traded securities | $762,014 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,159 |
| Total assets | $902,478 |
| Accounts payable and accrued expenses | $254 |
| 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 | $0 |
| Total liabilities | $254 |
| Net assets without donor restrictions | $902,224 |
| Net assets with donor restrictions | $0 |
| 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 | $902,478 |