Foundation To Assist Young Musicians
- Assets
- $239.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 03/2008
- Data as of
- 12/2021
- EIN
- 26-1472871
Organization Overview
Foundation To Assist Young Musicians is located in Las Vegas, NV. The organization was established in 2008. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, 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. Foundation To Assist Young Musicians 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, Foundation To Assist Young Musicians generated $168.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.0% each year . All expenses for the organization totaled $111.1k during the year ending 12/2021. While expenses have increased by 3.1% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claudia Rivera Past Preside | 0 | $0 | |
Elliot Gorlin President | 0 | $0 | |
Juan Soto Vice Preside | 0 | $0 | |
Gloria Gorlin Secretary | 0 | $0 | |
Dr Richard Mcgee Director | 0 | $0 | |
Harold L Weller Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $161,543 |
| Total Program Service Revenue | $6,589 |
| Membership dues | $0 |
| Investment income | $74 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $75 |
| Total Revenue | $168,281 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $150 |
| Salaries, other compensation, and employee benefits | $90,219 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $455 |
| Printing, publications, postage, and shipping | $441 |
| Other expenses | $19,870 |
| Total expenses | $111,135 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $239,448 |
| Other assets | $0 |
| Total assets | $239,448 |
| Total liabilities | $0 |
| Net assets or fund balances | $239,448 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Foundation To Assist Young Musicians has recieved totaling $86,585.
| Awarding Organization | Amount |
|---|---|
Nick And Edna Weller Charities Inc Dayton, OH PURPOSE: EDUCATION | $80,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $6,585 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kaizen Educational Foundation Phoenix, AZ | $53,687,317 | $45,601,979 |
Music Center Foundation Los Angeles, CA | $314,452,554 | $21,090,065 |
Norton Simon Art Foundation Pasadena, CA | $402,690,558 | $10,441,452 |
Reut Usa Woodland Hills, CA | $1,442,535 | $3,682,077 |
Laurie C Mcgrath Foundation San Diego, CA | $66,075,096 | $62,426,346 |
Days Of 47 Rodeo Salt Lake Salt Lake City, UT | $973,700 | $2,883,877 |
Armenian Educational Foundation Inc Glendale, CA | $5,680,253 | $2,130,869 |
William And Joanne Miller Charitable Trust Simi Valley, CA | $69,537,632 | $4,537,991 |
Latino Public Broadcasting Los Angeles, CA | $1,965,169 | $2,106,064 |
Hack The Hood Inc Oakland, CA | $1,558,755 | $1,730,354 |
Womans Club Of Hollywood Los Angeles, CA | $248,203 | $0 |
Diablo Regional Arts Association Walnut Creek, CA | $3,333,800 | $1,541,851 |