Namm Foundation
- Assets
- $10.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Carlsbad, CA
- Founding
- 07/1999
- Data as of
- 09/2023
- EIN
- 33-0797657
Organization Overview
Namm Foundation is located in Carlsbad, CA. The organization was established in 1999. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Namm Foundation 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 09/2023, Namm Foundation generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $1.8m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Namm Foundation has awarded 191 individual grants totaling $4,543,478. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCING ACTIVE PARTICIPATION IN MUSIC MAKING ACROSS THE LIFESPAN BY SUPPORTING SCIENTIFIC RESEARCH, PHILANTHROPIC GIVING AND PUBLIC SERVICE PROGRAMS FROM THE INTERNATIONAL MUSIC PRODUCTS INDUSTRY AND PROVIDING A MUSEUM TO DISPLAY HISTORICAL TREASURES IN MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC RESEARCH AND MUSIC EDUCATION - FUND RESEARCH TO ENCOURAGE THE STUDY WORLDWIDE OF MUSIC EDUCATION AND EARLY CHILDHOOD AND THE EFFECTS OF MUSIC MAKING ON EARLY CHILDHOOD COGNITION, INTELLIGENCE, BEHAVIOR AND WELLNESS.EDUCATING THE PUBLIC ABOUT MUSIC AND ENCOURAGING YOUNG AND OLD IN AMATEUR MUSIC MAKING. PLACE MUSIC EDUCATION ARTICLES IN REGIONAL AND LOCAL PRINT AND BROADCASTMEDIA OUTLETS. NAMM FOUNDATION'S GOALS ARE TO BUILD CREDIBILITY FOR MUSIC AND MUSIC EDUCATION, ESPECIALLY AT AN EARLY AGE, AND TO EXPAND THAT PORTION OF THE AMERICAN POPULATION THAT ENJOYS AND MAKES ITS OWN MUSIC, AND THAT SUPPORTS MUSIC AND THE ARTS AND UNDERSTANDS THEIR VALUE IN EDUCATION.
MUSEUM OF MAKING MUSIC - PROVIDE EXHIBITS TO THE PUBLIC SHOWING THE HISTORY OF MUSIC PRODUCTS AND BENEFITS OF MUSIC MAKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mlynczak President | OfficerTrustee | 10 | $0 |
Chris White Chairman | OfficerTrustee | 10 | $0 |
Dinah Gretsch Vice Chairman | OfficerTrustee | 5 | $0 |
Victor Wooten Director | Trustee | 5 | $0 |
Susan Lipp Secretary-Treas | OfficerTrustee | 5 | $0 |
Derek Murphy CFO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $50,824 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,463,854 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,514,678 |
| Total Program Service Revenue | $0 |
| Investment income | $866,583 |
| 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 | $53,903 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,435,164 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $489,960 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $90,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $164,325 |
| Advertising and promotion | $108,593 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $27,922 |
| 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 | $92,332 |
| Insurance | $0 |
| All other expenses | $27,526 |
| Total functional expenses | $1,819,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,948 |
| Savings and temporary cash investments | $3,017,882 |
| 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 | $40,637 |
| Prepaid expenses and deferred charges | $26,145 |
| Net Land, buildings, and equipment | $928,828 |
| Investments—publicly traded securities | $5,869,133 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $391,908 |
| Total assets | $10,284,481 |
| Accounts payable and accrued expenses | $79,016 |
| Grants payable | $494,375 |
| 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 | $573,391 |
| Net assets without donor restrictions | $9,319,182 |
| Net assets with donor restrictions | $391,908 |
| 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 | $10,284,481 |
Grants Awarded
Over the last fiscal year, Namm Foundation has awarded $402,500 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ARTS & LEARNING CONSERV | | | $10,000 |
BALTIMORE SYMPHONY | | | $7,500 |
DALLAS WIND SYMPHONY | | | $15,000 |
DAVIDS HARP FOUNDATION | | | $7,500 |
GUITARS AND ACCESS MARKETING | | | $40,000 |
MR HOLLANDS OPUS | | | $22,500 |