Network For New Music
- Assets
- $187.4k
- Revenue
- $169.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Philadelphia, PA
- Founding
- 12/1986
- Data as of
- 08/2021
- EIN
- 22-2629436
Organization Overview
Network For New Music is located in Philadelphia, PA. The organization was established in 1986. 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 08/2021, Network For New Music employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Network For New 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 08/2021, Network For New Music generated $169.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $145.0k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 6 years. 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
TO PRESENT, PERFORM AND COMMISSION NEW MUSIC BY ESTABLISHED AND EMERGING COMPOSERS, AND TO BROADEN THE APPRECIATION OF CONTEMPORARY MUSIC THROUGH EDUCATIONAL AND OUTREACH
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORM AND PRESENT CONCERTS OF NEW MUSIC - IN ADDITION TO THE EXPENSES LISTED THE ORGANIZATION RECEIVED AND UTILIZED DONATED REHEARSAL AND PERFORMANCE SPACE VALUED AT $4,650.
COMMISSION NEW MUSICAL WORKS BY ESTABLISHED AND EMERGING COMPOSERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Disanto Executive Director | Officer | 25 | $29,542 |
Thomas Schuttenhelm Artistic Director | Trustee | 25 | $28,595 |
See List Attached Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,466 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,201 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $162,667 |
| Total Program Service Revenue | $5,723 |
| Investment income | $1,212 |
| 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 | $169,602 |
| 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. | $52,024 |
| Compensation of current officers, directors, key employees. | $17,708 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,425 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,678 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,700 |
| Office expenses | $17,380 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,607 |
| All other expenses | $65 |
| Total functional expenses | $145,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,727 |
| Savings and temporary cash investments | $111,221 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $450 |
| Total assets | $187,398 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $120,956 |
| Net assets with donor restrictions | $66,442 |
| 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 | $187,398 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Network For New Music has recieved totaling $71,000.
| Awarding Organization | Amount |
|---|---|
William Penn Foundation Philadelphia, PA PURPOSE: CORE SUPPORT FOR FISCAL YEARS 2020, 2021, 2022 | $25,000 |
Presser Foundation Philadelphia, PA PURPOSE: ADVANCEMENT OF MUSIC | $15,000 |
Presser Foundation Philadelphia, PA PURPOSE: ADVANCEMENT OF MUSIC | $15,000 |
Presser Foundation Philadelphia, PA PURPOSE: CAPITAL SUPPORT | $7,500 |
Presser Foundation Philadelphia, PA PURPOSE: CAPITAL SUPPORT | $7,500 |
Robert Black Foundation Trust Hartford, CT PURPOSE: COMMISSIONING COMPOSERS TO CREATE NEW ART MUSIC PIECES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jazz At Lincoln Center Inc New York, NY | $222,896,771 | $27,240,751 |
Whyhunger Inc New York, NY | $5,607,325 | $7,869,621 |
Caramoor Center For Music & The Arts Inc Katonah, NY | $49,439,168 | $6,140,543 |
Save The Music Foundation New York, NY | $5,156,662 | $8,206,045 |
American Friends Of Les Arts Florissants Inc New York, NY | $1,107,997 | $2,546,808 |
Chicken & Egg Pictures Inc Brooklyn, NY | $9,525,742 | $4,390,371 |
Young Concert Artists Inc New York, NY | $10,777,916 | $2,607,839 |
Play On Philly Philadelphia, PA | $3,128,034 | $1,933,765 |
New Music Usa Inc New York, NY | $21,074,524 | $3,287,635 |
Original Music Workshop Inc Brooklyn, NY | $4,224,196 | $2,706,667 |
Aaron Copland Fund For Music Inc New York, NY | $18,112,112 | $2,664,671 |
Liveconnections Org Philadelphia, PA | $1,829,032 | $2,774,957 |