Groundup Music Foundation Inc
- Assets
- $199.0k
- Revenue
- $403.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 10/2014
- Data as of
- 12/2022
- EIN
- 46-5515528
Organization Overview
Groundup Music Foundation Inc is located in Miami, FL. The organization was established in 2014. According to its NTEE Classification (A68) the organization is classified as: Music, 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. Groundup Music 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 12/2022, Groundup Music Foundation Inc generated $403.2k in total revenue. All expenses for the organization totaled $474.9k during the year ending 12/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GROUNDUP HELPS TO SUPPORT AND FURTHER ESTABLISH UP-AND-COMING AND MORE EXPERIENCED ARTISTS AND MUSICIANS AS WELL AS PROVIDE OPPORTUNITIES AND RESOURCES TO STUDENTS AND SUPPORTERS THROUGH ITS ONGOING PROGRAMS AND PLANNED FUTURE ACTIVITIES. PROGRAMS INCLUDE A LARGE ANNUAL MUSIC FESTIVAL IN MIAMI BEACH, FL (FEBRUARY 2020 WAS THE 4TH ANNUAL INSTALLMENT), WHICH DRAWS SUPPORTERS AND ARTISTS FROM AROUND THE GLOBE, WITH APPROXIMATELY 50% OF THE SUPPORTERS COMING FROM MORE THAN 40 COUNTRIES AND 40 US STATES. OTHER FESTIVALS AND MUSIC PRESENTATIONS WILL BE PLANNED IN THE FUTURE IN OTHER LOCATIONS. IN ADDITION, GUM PROVIDES MASTERCLASSES AND WORKSHOPS, MENTORSHIPS, CLINICS, AND SIDE BY SIDE TEACHING AND PERFORMANCE AND TRAINING OPPORTUNITIES TO STUDENTS AND SUPPORTERS. GUM INTENDS TO CONTINUE AND INCREASE ALL OF THESE ACTIVITIES AS WELL AS COMMENCING CAMP-TYPE PROGRAMS, BOOK AND DOCUMENTARY FILM PROJECTS, EDUCATIONAL AND TEACHING VIDEOS AND APPLICATIONS, AND PLANS TO EXPAND ITS COLLABORATIVE WORK
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GROUNDUP MUSIC FOUNDATION CURATES AND ASSEMBLES EXCEPTIONAL MUSICIANS AT ALL CAREER STAGES, WITH GREAT CULTURAL DIVERSITY FROM ALL OVER THE GLOBE, AND PROVIDES THEM WITH FUNDING, TIME, AND OPPORTUNITIES TO EXPERIMENT, TAKE RISKS, AND WORK WITH EACH OTHER AND WITH STUDENTS TO CREATE COLLABORATIONS THAT TAKE ON A LIFE OF THEIR OWN, RESULTING IN CONTINUED CREATIVE PARTNERSHIPS. THE FOUNDATION WAS BORN OUT OF THE ANNUAL GROUNDUP MUSIC FESTIVAL, A MUSIC & EDUCATION FESTIVAL THAT PRODUCES THE HIGHEST LEVEL MUSIC PROGRAMS WHILE CREATING FREE OPPORTUNITIES FOR LOCAL UNDER-SERVED STUDENTS AS WELL AS OTHER MUSICIANS AND STUDENTS WITH THESE DIVERSE RENOWNED ARTISTS. THE 7TH ANNUAL GROUNDUP MUSIC FESTIVAL IS SCHEDULED TO TAKE PLACE IN MIAMI BEACH IN FEBRUARY, 2023, AND THERE ARE PLANS TO ADD ADDITIONAL FESTIVALS AS WELL AS ARTIST-STUDENT RESIDENCIES IN 2023 AND BEYOND.THE MOST SIGNIFICANT ACTIVITIES FOR 2022 INCLUDED THE 6TH ANNUAL GROUNDUP MUSIC FESTIVAL, WHICH TOOK PLACE IN MIAMI BEACH ON MAY 6-8, 2022, WITH ATTENDEES COMING FROM MORE THAN 40 STATES AND 50 COUNTRIES. GROUNDUP PROVIDED WORKSHOPS AND MASTERCLASSES PRECEDING, DURING AND FOLLOWING THE FESTIVAL, AS WELL AS OTHER ONLINE AND IN PERSON PROGRAMS. GRANTS FOR GROUNDUP WERE RECEIVED DURING THIS PERIOD FROM THE NEA, THE STATE OF FLORIDA, THE MIAMI BEACH VISITORS AND CONVENTION AUTHORITY, AND MULTIPLE GRANTS FROM THE MIAMI-DADE COUNTY DEPARTMENT OF CULTURAL AFFAIRS. PLANS ARE PRESENTLY UNDERWAY TO BEGIN NEW RESIDENCY PROGRAMS FOR ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Lehr Officer | Trustee | 40 | $30,000 |
Juan Pablo Diaz Officer | Officer | 0 | $0 |
Lena Koorse Officer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $113,648 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,148 |
| Total Program Service Revenue | $257,029 |
| Investment income | $0 |
| 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 | $403,177 |
| 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. | $30,000 |
| 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 | $110 |
| Fees for services: Accounting | $14,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,000 |
| Advertising and promotion | $65,207 |
| Office expenses | $3,482 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $55,700 |
| 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 | $0 |
| All other expenses | $4,068 |
| Total functional expenses | $474,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,024 |
| Savings and temporary cash investments | $0 |
| 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 | $107,971 |
| Total assets | $198,995 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $193,645 |
| 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 | $8,401 |
| Total liabilities | $202,046 |
| Net assets without donor restrictions | -$3,051 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $198,995 |