Malibu Friends Of Music
- Assets
- $2.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Malibu, CA
- Founding
- 09/2007
- Data as of
- 12/2021
- EIN
- 20-5116721
Organization Overview
Malibu Friends Of Music is located in Malibu, CA. The organization was established in 2007. 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. Malibu Friends Of Music 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, Malibu Friends Of Music generated $15.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $18.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
MUSICAL SOIRES DESIGNED TO BRING THE COMMUNITY OF MALIBU TOGETHER WITH WORLD CLASS MUSICIANS AND ARTISTS, FASCINATING SPEAKERS AND DISTINGUISHED ARCHITECTS, LOCALLY AND FROM ACROSS THE WORLD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carla Bates Board Member/secretary | 1 | $0 | |
Scott C Hosfeld Board Member/ceo | 5 | $0 | |
Steven Grahek Board Member/cfo | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,838 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $15,838 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,664 |
| Occupancy, rent, utilities, and maintenance | $12,330 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $115 |
| Total expenses | $18,109 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,762 |
| Other assets | $0 |
| Total assets | $2,762 |
| Total liabilities | $2,300 |
| Net assets or fund balances | $462 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Malibu Friends Of Music has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Charlotte And William Hinson Charitable Foundation Trust West Des Moines, IA PURPOSE: OPERATIONAL SUPPORT INCLUDING COSTS OF MUSICIANS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Hiphopforchange Inc Oakland, CA | $676,196 | $1,628,580 |
Young Musicians Foundation Los Angeles, CA | $1,322,376 | $1,133,587 |