Groundup Music Foundation Inc
- Assets
- $201.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- 10/2014
- Data as of
- 12/2021
- 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 12/2021, Groundup Music Foundation Inc generated $96.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $98.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Lehr Officer | 40 | $20,000 | |
Juan Pablo Diaz Officer | 0 | $0 | |
Lena Koorse Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,115 |
| Total Program Service Revenue | $39,754 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $96,869 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $20,000 |
| Professional fees and other payments to independent contractors | $74,203 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $290 |
| Other expenses | $3,763 |
| Total expenses | $98,256 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $98,350 |
| Other assets | $0 |
| Total assets | $201,042 |
| Total liabilities | $132,389 |
| Net assets or fund balances | $68,653 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Groundup Music Foundation Inc has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gasparilla Music Foundation Inc Tampa, FL | $1,064,591 | $5,545,638 |
Latin Grammy Cultural Foundation Doral, FL | $2,673,582 | $2,064,873 |
Florida West Coast Symphony Inc Endowment Tr Sarasota, FL | $31,410,388 | $1,333,679 |
Clearwater Jazz Holiday Foundation Inc Clearwater, FL | $1,252,742 | $1,598,944 |
Nu Deco Ensemble Inc Miami, FL | $264,007 | $1,216,119 |
Bach Festival Society Of Winter Park Winter Park, FL | $4,981,220 | $1,213,306 |
Community Arts Association In Newton County Inc Covington, GA | $760,838 | $850,953 |
Young Musicians Unite Inc Miami, FL | $743,271 | $986,222 |
Florida Smooth Jazz Foundation Inc Daytona Beach, FL | $674,500 | $806,903 |
Southwest Florida Symphony Orchestra And Chorus Association I Fort Myers, FL | $2,643,813 | $756,553 |
American Federation Of Musicians Of The Us & Canada Atlanta, GA | $1,564,619 | $594,918 |
Chamber Music Society Of Palm Beach Inc Palm Beach, FL | $369,109 | $714,588 |