Earle Brown Music Foundation
- Assets
- $26.0m
- Revenue
- $2.6m
- Investments
- $25.8m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 07/1998
- Data as of
- 09/2021
- EIN
- 13-3921924
Organization Overview
Earle Brown Music Foundation is located in Atlanta, GA. The organization was established in 1998. According to its NTEE Classification (A50) the organization is classified as: Museums, 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. Earle Brown 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 09/2021, Earle Brown Music Foundation generated $2.6m 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 (12.5%) each year. All expenses for the organization totaled $2.0m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Earle Brown Music Foundation has awarded 46 individual grants totaling $712,390. 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
PRESERVE, PROMOTE, UNDERWRITE AND DISSEMINATE THE MUSIC AND AESTHETIC CONCEPTS OF THE AMERICAN COMPOSER, EARLE BROWN, AS WELL AS OTHER COMPOSERS. PROMOTE THE PERFORMANCE OF EXPERIMENTAL AND INNOVATIVE MUSICAL ARTS, IN ORDER TO ENHANCE THE PUBLIC ENJOYMENT AND APPRECIATION OF MUSICAL WORKS NOW IN EXISTENCE, AS WELL AS MUSICAL WORKS BEING COMPOSED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marybeth Sollins Trustee Emerita | 0 | $0 | |
Andrew Farnsworth Co-Trustee | 0 | $0 | |
Stephen Sollins Co-Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Talea Ensemble | 9/29/17 | $79,029 |
Thomas Fichter | 9/29/17 | $68,176 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $14,065 |
| Interest on Savings | $0 |
| Dividends & Interest | $401,823 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,219,161 |
| Capital Gain Net Income | $2,219,161 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,139 |
| Total Revenue | $2,643,188 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,243 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $531,222 |
| Total operating and administrative expenses | $1,482,567 |
| Contributions, gifts, grants paid | $472,500 |
| Total expenses and disbursements | $1,955,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $177,571 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $25,951,264 |
| 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, Earle Brown Music Foundation has awarded $610,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DONOR ADVISED FUND PURPOSE: FUND GENERAL PROGRAM EXPENDITURES | $595,000 |
Brooklyn, NY PURPOSE: FUND GENERAL PROGRAM EXPENDITURES | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Palm Beach Maritime Museum Inc Lantana, FL | $20,865,906 | $12,542,003 |
Barber Vintage Motorsports Museum Birmingham, AL | $96,854,317 | $20,184,084 |
National Center For Civil And Humanrights Inc Atlanta, GA | $28,909,465 | $12,210,926 |
Tennessee Golf Foundation Franklin, TN | $24,594,928 | $7,116,069 |
Atlanta Hall Management Inc Atlanta, GA | $34,614,233 | $3,372,998 |
International African American Museum Charleston, SC | $69,899,271 | $29,654,302 |
Discovery Park Of America Inc Union City, TN | $88,157,973 | $11,219,580 |
Tennessee State Museum Foundation Nashville, TN | $6,574,867 | $116,981 |
Naval Aviation Museum Foundation Inc Pensacola, FL | $33,055,724 | $12,296,659 |
Cook Museum Of Natural Science Decatur, AL | $31,863,685 | $9,083,410 |
Adventure Science Center Nashville Nashville, TN | $22,045,170 | $10,457,321 |
Tennessee Valley Railroad Museum Inc Chattanooga, TN | $14,724,108 | $5,452,372 |