American Musicological Society Inc is located in New York, NY. The organization was established in 2015. 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 06/2021, American Musicological Society Inc employed 3 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. American Musicological Society 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 06/2020, American Musicological Society Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $867.8k during the year ending 06/2020. While expenses have increased by 1.0% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE AMERICAN MUSICOLOGICAL SOCIETY, INC. (AMS), FOUNDED IN 1942, IS COMMITTED TO ADVANCING RESEARCH, EDUCATION, AND PUBLIC UNDERSTANDING OF MUSIC, MUSICOLOGY, AND PERFORMANCE, AS A BRANCH OF LEARNING AND SCHOLARSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AMERICAN MUSICOLOGICAL SOCIETY, INC. (AMS OR THE ORGANIZATION) IS A MEMBERSHIP-BASED ORGANIZATION FOUNDED IN 1934 TO ADVANCE RESEARCH AND TEACHING IN THE VARIOUS FIELDS OF MUSIC AS A BRANCH OF LEARNING AND SCHOLARSHIP. ABOUT 3,000 INDIVIDUALS AND 700 LIBRARY SUBSCRIBERS FROM OVER FORTY NATIONS PARTICIPATE IN THE SOCIETY.THE PRIMARY PROGRAM ACTIVITIES OF THE SOCIETY ARE: THE PUBLICATION OF ITS JOURNAL PUBLICATIONS GRANTMAKING (SUPPORT FOR PUBLISHED MUSICOLOGICAL RESEARCH) AN ANNUAL MEETING WHERE MUSIC RESEARCH IS PRESENTED AND DISCUSSED FELLOWSHIPS FOR GRADUATE STUDY IN MUSICOLOGY EVALUATION AND PRESENTATION OF AWARDS FOR OUTSTANDING PUBLICATIONS TRAVEL AND RESEARCH GRANTS FOR ALL ASPECTS OF MUSICOLOGY SUPPORT FOR PUBLIC LECTURE SERIES ON MUSICOLOGICAL TOPICS FOR A WIDER PUBLICTHE PROGRAMS ARE SUPPORTED AND MANAGED BY THE BOARD OF DIRECTORS, THE GOVERNING BODY WITH WIDE REPRESENTATION (AMS COUNCIL), AND PAID ADMINISTRATIVE STAFF. FINANCIAL SUPPORT FOR ACTIVITIES IS PROVIDED THROUGH THE SOCIETY'S HOST INSTITUTION, NEW YORK UNIVERSITY. THE NATIONAL ENDOWMENT FOR THE HUMANITIES AND THE UNIVERSITY OF MICHIGAN ALSO SUPPORT THE SOCIETY'S EFFORT TO PUBLISH A SERIES OF CRITICAL EDITIONS FOCUSED ON AMERICAN MUSIC AND TITLED MUSIC OF IN THE UNITED STATES OF AMERICA (MUSA). OVER THREE HUNDRED MEMBERS OF THE SOCIETY SERVE VOLUNTARILY ON COMMITTEES AND BOARDS TO ASSIST IN ACCOMPLISHING ITS GOALS. IN THE FISCAL YEAR ENDED JUNE 30, 2020, AMS ADDED A NEW PERMANENT PROGRAM, THE SUSTAINABLE MENTORSHIP PROGRAM, AND ONE NEW TEMPORARY PROGRAM, EMERGENCY RELIEF GRANTS.SUSTAINABLE MENTORSHIP PROGRAM (SMP), DESIGNED TO PROVIDE ROBUST SUPPORT TO MEMBERS TRANSITIONING FROM GRADUATE STUDENT TO A VARIETY OF CAREER PATHS. IN RESPONSE TO THE COVID-19 PANDEMIC, THE SOCIETY LAUNCHED TWO NEW, SHORT-TERM GRANT PROGRAMS DESIGNED TO PROVIDE IMMEDIATE, ONE-TIME SUPPORT TO CURRENT AND RECENT MEMBERS OF THE AMERICAN MUSICOLOGICAL SOCIETY.-AMS EMERGENCY INCOME SUPPORT GRANTS PROVIDE $500 IN SUPPLEMENTARY INCOME AND ONE YEAR OF AMS MEMBERSHIP TO INDIVIDUALS WHO HAVE BEEN NEGATIVELY AFFECTED BY THE COVID-19 CRISIS AND MEET THE ELIGIBILITY GUIDELINES.-AMS GRANTS FOR MATERIAL SUPPORT PROVIDE ONE YEAR OF AMS MEMBERSHIP AND A $500 GRANT TO DEFRAY THE COST OF MATERIALS OR SERVICES NECESSARY FOR TEACHING, RESEARCH, AND PROFESSIONAL DEVELOPMENT, INCLUDING THE PURCHASE OF EQUIPMENT AND TECHNOLOGY, SOFTWARE, COURSE MATERIALS, CONTINUING EDUCATION COURSES, ETC.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Siovahn Walker Executive Dir. | Officer | 40 | $110,634 |
Suzanne Cusick Former Pres. | OfficerTrustee | 2 | $0 |
Judy Tsou Vice President | OfficerTrustee | 2 | $0 |
Danielle Fosler-Lussier Vice President | OfficerTrustee | 2 | $0 |
James Ladewig Treasurer | OfficerTrustee | 2 | $0 |
Steve Swayne President | OfficerTrustee | 15 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $685,085 |
Investment income | $180,382 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $211,260 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,394,592 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $147,402 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $118,531 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $65,629 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $15,211 |
Payroll taxes | $7,821 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,050 |
Fees for services: Accounting | $55,131 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $9,768 |
Advertising and promotion | $0 |
Office expenses | $35,469 |
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 | $236,594 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $867,832 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $330,451 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,894 |
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 | $4,268 |
Investments—publicly traded securities | $7,609,034 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $443,712 |
Total assets | $8,389,359 |
Accounts payable and accrued expenses | $109,841 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $4,050 |
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 | $113,891 |
Net assets without donor restrictions | $0 |
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 |
Total liabilities and net assets/fund balances | $8,275,468 |
Over the last fiscal year, we have identified 1 grants that American Musicological Society Inc has recieved totaling $17,900.
Awarding Organization | Amount |
---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $17,900 |
Beg. Balance | $1,213,243 |
Earnings | $287,669 |
Net Contributions | $87,776 |
Other Expense | $236,078 |
Ending Balance | $1,352,610 |
Organization Name | Assets | Revenue |
---|---|---|
Jazz At Lincoln Center Inc New York, NY | $222,896,771 | $27,240,751 |
Handel And Haydn Society Boston, MA | $29,038,335 | $22,868,295 |
Groton Hill Music Inc Groton, MA | $210,830,113 | $41,196,688 |
Newport Festivals Foundation Inc Essex, MA | $20,080,911 | $11,132,304 |
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 |
Rockport Music Inc Rockport, MA | $31,791,427 | $3,720,672 |
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 |