Bob Moog Memorial Foundation For Electronic Music Inc is located in Asheville, NC. 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. As of 12/2021, Bob Moog Memorial Foundation For Electronic Music Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bob Moog Memorial Foundation For Electronic Music 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 12/2021, Bob Moog Memorial Foundation For Electronic Music Inc generated $807.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.5% each year . All expenses for the organization totaled $589.1k during the year ending 12/2021. While expenses have increased by 17.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY ACTIVITY FOR MOOGSEUM IS TO DISPLAY THE LIFE AND LEGACY OF BOB MOOG.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DR. BOB'S SOUNDSCHOOL: ALTHOUGH THE PANDEMIC CONTINUED TO PRESENT CHALLENGES TO EXPANSION, OUR HALLMARK EDUCATION PROGRAM, DR. BOB'S SOUNDSCHOOL, SERVED OVER 75 CLASSROOMS IN 2021, EDUCATING 1,800 STUDENTS, PROVIDING 18,000 INDIVIDUAL LESSONS AND TRAINING OVER 30 SECOND GRADE TEACHERS. WE CONTINUED TO SUPPORT BOTH THE IN-PERSON AND VIRTUAL VERSIONS OF THE CURRICULUM, AND WE OFFERED CONTINUOUS SUPPORT FOR ALL 75 TEACHERS ENROLLED IN THE PROGRAM, PARTICULARLY THROUGH PROVIDING A ROBUST AND EXPANDED ONLINE TEACHER PORTAL, REPLETE WITH SUPPLEMENTARY EDUCATIONAL TOOLS TO FACILITATE THEIR TEACHING. WE CONTINUED WORK ON A CUSTOM EDUCATIONAL TOOL, THE THERESCOPE, AND WE DEVELOPED TWO PROTOTYPES BY THE END OF THE YEAR. THE COMPLETION OF THAT PROJECT WILL ENABLE US TO SCALE THE PROGRAM NATIONWIDE.
BOB MOOG FOUNDATION ARCHIVES: WE CONTINUED THE PRESERVATION AND EXPANSION OF THE BOB MOOG FOUNDATION ARCHIVES IN 2021. WE MAINTAIN AN OFF-SITE ARCHIVAL, CLIMATE-CONTROLLED STORAGE UNIT FOR OUR VINTAGE INSTRUMENTS AND DOCUMENTS. WE ACQUIRED A 1968 MOOG MODULAR SYNTHESIZER WORTH OVER $40,000 AND EMBARKED ON A MONTHS-LONG PROCESS OF RESTORATION, WHICH WAS CONDUCTED BY LAUDED RESTORATIONIST STEVE MASUCCI. WE ALSO RECEIVED DONATIONS A VINTAGE MOOG LIBERATION SYNTHESIZER AND THE FIRST MINIMOOG VOYAGER EVER SOLD. WE ARE NOW SHARING THE MINIMOOG THROUGH THE MOOGSEUM, AND WE HAVE WORKED TO BUILD A COMPLETE RECORD OF THAT LIBERATION, INCLUDING PRESENTING A LIVE STREAM DEDICATED TO IT. WE RECEIVED SCORES OF DOCUMENTS AND BOOKS AS DONATIONS TO THE ARCHIVE, ALL OF WHICH HAVE BEEN CATALOGED AND HOUSED IN ARCHIVAL STORAGE CONTAINERS FOR FUTURE USE. WE ADOPTED THE USE OF ARCHIVAL SOFTWARE, COLLECTOR'S SYSTEM, AND BEGAN UPLOADING MATERIAL FROM THE ARCHIVES INTO IT IN AN EFFORT TO MAKE OUR COLLECTION MORE ACCESSIBLE IN THE COMING YEARS. FINALLY, WE HAVE PROVIDED NUMEROUS RESEARCHERS AND AUTHORS WITH ACCESS TO ARCHIVAL MATERIAL FOR USE IN THEIR PUBLICATIONS.
MOOGSEUM: THE MOOGSEUM WELCOMED OVER 9,000 VISITORS FROM ALL OVER THE WORLD IN 2021. IN THE SUMMER, WE ADDED PERSONNEL TO ENABLE THE MOOGSEUM TO BE OPEN SEVEN DAYS A WEEK. IN MAY WE ADDED A NEW PIECE OF VINTAGE HARDWARE, THE FIRST MINIMOOG VOYAGER EVER SOLD, TO THE "BOB'S WORKBENCH" EXHIBIT, WHERE IT WAS THEN SEEN BY OVER 5,000 PEOPLE. WE UNDERWENT A PLANNING PROCESS FOR A SMALL EXPANSION TO THE MOOGSEUM TO ACCOMMODATE THREE NEW EXHIBITS, INCLUDING HIRING AN ARCHITECT TO RECONFIGURE THE SPACE AND SECURING A CONSTRUCTION COMPANY TO COMPLETE THE WORK. THAT WORK BEGAN IN EARLY 2022. IN THE SUMMER OF 2021, WE BEGAN DESIGNING A NEW INTERACTIVE EXHIBIT ABOUT THE FUNDAMENTALS OF MODULAR SYNTHESIS WITH EXHIBIT DESIGN FIRM SOUNDS AMAZING, WHICH TOOK OVER SIX MONTHS TO COMPLETE. WE ALSO EMBARKED ON A PROCESS TO IMPROVE OUR TWO MAIN TIMELINE EXHIBITS, WHICH FEATURE OVER 1,000 PIECES OF ARCHIVAL MATERIAL.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michelle Moog-Koussa Executive Director | Officer | 60 | $91,052 |
David Mash President | OfficerTrustee | 5 | $0 |
Bill Sautter Vice President | OfficerTrustee | 2 | $0 |
Mark Willis Treasurer | OfficerTrustee | 2 | $0 |
Daniel Keller Secretary | OfficerTrustee | 2 | $0 |
Chris Halaby Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $74,061 |
All other contributions, gifts, grants, and similar amounts not included above | $400,757 |
Noncash contributions included in lines 1a–1f | $8,070 |
Total Revenue from Contributions, Gifts, Grants & Similar | $474,818 |
Total Program Service Revenue | $77,525 |
Investment income | $731 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $15,530 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $18,543 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $143,590 |
Net Income from Sales of Inventory | $76,794 |
Miscellaneous Revenue | $0 |
Total Revenue | $807,531 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $91,052 |
Compensation of current officers, directors, key employees. | $6,446 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $210,679 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $23,578 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,870 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $46,875 |
Advertising and promotion | $27,081 |
Office expenses | $53,924 |
Information technology | $24,826 |
Royalties | $0 |
Occupancy | $55,030 |
Travel | $7,417 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $4,923 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $21,501 |
Insurance | $4,881 |
All other expenses | $2,239 |
Total functional expenses | $589,095 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $48,527 |
Savings and temporary cash investments | $113,889 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $55,565 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $23,854 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $314,224 |
Investments—publicly traded securities | $113,340 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $669,399 |
Accounts payable and accrued expenses | $74,676 |
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 | $39,619 |
Unsecured mortgages and notes payable | $150,000 |
Other liabilities | $0 |
Total liabilities | $264,295 |
Net assets without donor restrictions | $405,104 |
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 | $669,399 |
Over the last fiscal year, we have identified 1 grants that Bob Moog Memorial Foundation For Electronic Music Inc has recieved totaling $40,250.
Awarding Organization | Amount |
---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $40,250 |
Organization Name | Assets | Revenue |
---|---|---|
Country Music Association Inc Nashville, TN | $102,178,283 | $43,001,334 |
Birthplace Of Country Music Alliance Bristol, TN | $15,699,295 | $2,559,665 |
Musicians On Call Inc Nashville, TN | $3,633,934 | $3,486,106 |
Garth Newel Music Center Foundation Corp Warm Springs, VA | $11,030,155 | $3,286,449 |
Varna International Music Academy Columbia, SC | $449,855 | $1,227,146 |
Blues Foundation Inc Memphis, TN | $4,533,935 | $1,249,645 |
Songbirds Foundation Inc Chattanooga, TN | $16,669,845 | $490,877 |
Community Arts Association In Newton County Inc Covington, GA | $760,838 | $850,953 |
Virginia Musical Theatre Inc Virginia Beach, VA | $428,462 | $648,568 |
Musicians Hall Of Fame And Museum Nashville, TN | $2,497,299 | $1,370,985 |
Spartanburg Philharmonic Spartanburg, SC | $755,799 | $833,009 |
Jazzarts Charlotte Charlotte, NC | $599,650 | $885,033 |