Great American Songbook Foundation Inc
- Assets
- $8.9m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 9
- Location
- Carmel, IN
- Founding
- 09/2007
- Data as of
- 06/2022
- EIN
- 26-0620716
Organization Overview
Great American Songbook Foundation Inc is located in Carmel, IN. 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 06/2022, Great American Songbook Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Great American Songbook Foundation 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 06/2022, Great American Songbook Foundation Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 7.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE AND EDUCATE BY CELEBRATING THE GREAT AMERICAN SONGBOOK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARCHIVE, MUSEUM & PROPERTY ACTIVITIES: THE GREAT AMERICAN SONGBOOK FOUNDATION OVERSEES THE SONGBOOK LIBRARY & ARCHIVES, A VAST AND GROWING RESOURCE CONTAINING RECORDINGS, ARRANGEMENTS, IMAGES, MEMORABILIA, PERSONAL PAPERS AND OTHER ITEMS FROM THE 20TH CENTURY GOLDEN AGE OF AMERICAN POPULAR MUSIC. THE LIBRARY & ARCHIVES WAS ESTABLISHED TO PRESERVE THE PHYSICAL ARTIFACTS OF THE GREAT AMERICAN SONGBOOK'S CREATORS AND PERFORMERS FOR THE EDUCATION AND BENEFIT OF CURRENT AND FUTURE GENERATIONS. THE FACILITY ALSO INCLUDES A REFERENCE LIBRARY AND STUDY SPACE FOR RESEARCHERS WHO WISH TO LEARN MORE ABOUT THE MUSIC AND THE CULTURE IT HAS INSPIRED. IN ADDITION, THE GREAT AMERICAN SONGBOOK EXHIBIT GALLERY OPEN TO THE PUBLIC IS A MULTIMEDIA EDUCATIONAL CENTER WITH ROTATING EXHIBITS DISPLAYING PIECES FROM THE ARCHIVES. AS A CULTURAL AFFILIATE OF THE LOS ANGELES-BASED GRAMMY MUSEUM, THE SONGBOOK FOUNDATION IS AMONG A HANDFUL OF INSTITUTIONS WORLDWIDE THAT COLLABORATE ON EXHIBITIONS, EDUCATIONAL INITIATIVES, RESEARCH PROGRAMS, INTERNSHIP OPPORTUNITIES, TECHNICAL SUPPORT AND MORE. THE FOUNDATION'S EVENTUAL GOAL IS TO ESTABLISH A FREESTANDING SONGBOOK HALL OF FAME MUSEUM TO HOUSE ITS COLLECTIONS AND PRESENT INTERACTIVE EXHIBITIONS THAT CELEBRATE THE ONGOING IMPORTANCE OF POPULAR MUSIC.
EDUCATION/OUTREACH: THE FOUNDATION HAS DEVELOPED EFFECTIVE EDUCATION AND OUTREACH PROGRAMS TO INTRODUCE PEOPLE OF ALL AGES TO THE MUSIC AND COMPOSERS OF THE GREAT AMERICAN SONGBOOK IN THE CONTEXT OF AMERICAN HISTORY AND CULTURE. THE ANNUAL SONGBOOK ACADEMY IS THE NATION'S ONLY MUSIC AND PERFORMANCE INTENSIVE FOR HIGH SCHOOL VOCALISTS THAT IS DEDICATED SOLELY TO THE MUSIC OF BROADWAY, HOLLYWOOD MUSICALS AND THE TIN PAN ALLEY ERA OF THE EARLY TO MID-20TH CENTURY. STUDENTS FROM AROUND THE COUNTRY APPLY FOR THE OPPORTUNITY TO LEARN AND PERFORM UNDER THE GUIDANCE OF BROADWAY PERFORMERS, MUSIC INDUSTRY PROFESSIONALS AND EDUCATORS FROM RESPECTED UNIVERSITY MUSIC AND THEATER PROGRAMS. TO ACCOMPANY ITS PHYSICAL COLLECTIONS AND ON-SITE PROGRAMMING, THE FOUNDATION HAS DEVELOPED A ROBUST MENU OF VIRTUAL PROGRAMMING AND ONLINE RESOURCES INCLUDING DIGITAL EXHIBITIONS, COLLECTIONS HIGHLIGHTS, VIDEO TOURS, ACTIVITY KITS, EDUCATIONAL MATERIALS AND MORE. THE FOUNDATION'S PERFECT HARMONY PROGRAM IS A MUSIC RESOURCE THAT PROVIDES CARE PARTNERS WITH APPROPRIATE GENERATIONAL MUSIC AND ACTIVITIES TO ENGAGE OLDER ADULTS IN SHARED EXPERIENCES. PERFECT HARMONY OFFERS A UNIQUE OPPORTUNITY FOR SOCIAL AND MUSICAL ENGAGEMENT AND PROMOTES HOLISTIC WELL-BEING THROUGH MUSIC BY OFFERING MONTHLY VIDEO RESOURCES AND THEMED MUSIC ACTIVITIES FOR INDIVIDUAL AND GROUP SETTINGS. PERFECT HARMONY CONSULTS WITH A BOARDCERTIFIED MUSIC THERAPIST FOR EXPERT GUIDANCE AND FEEDBACK ON ALL MUSICAL RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Edelman Johnson Board Member | Trustee | 1 | $0 |
Riki Kane Larimer Board Member | Trustee | 1 | $0 |
Peggy Ford Board Member | Trustee | 1 | $0 |
Karen Ellerbrook Board Member | Trustee | 1 | $0 |
Lynn Weidner Board Member | Trustee | 1 | $0 |
Charles Simons DDS MSD Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $188,970 |
| Related organizations | $0 |
| Government grants | $291,011 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,180,629 |
| Noncash contributions included in lines 1a–1f | $306,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,660,610 |
| Total Program Service Revenue | $25,720 |
| Investment income | $72,454 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$234,446 |
| Net Income from Fundraising Events | -$82,623 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,441,715 |
| 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. | $281,611 |
| Compensation of current officers, directors, key employees. | $42,242 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $451,049 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,986 |
| Fees for services: Accounting | $28,388 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $37,054 |
| Fees for services: Other | $0 |
| Advertising and promotion | $19,582 |
| Office expenses | $75,067 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $111,424 |
| Travel | $37,728 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,009 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,587 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,258,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,608,634 |
| Savings and temporary cash investments | $719,574 |
| Pledges and grants receivable | $686,590 |
| Accounts receivable, net | $3,732 |
| 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 | $36,975 |
| Net Land, buildings, and equipment | $79,774 |
| Investments—publicly traded securities | $4,539,239 |
| Investments—other securities | $0 |
| Investments—program-related | $1,269,875 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,944,393 |
| Accounts payable and accrued expenses | $210,609 |
| 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 | $83,613 |
| Total liabilities | $294,222 |
| Net assets without donor restrictions | $7,710,209 |
| Net assets with donor restrictions | $939,962 |
| 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 | $8,944,393 |