Nmpa Supporting Our Next Generation Of Songwriters Songs Foundation
- Assets
- $803.2k
- Revenue
- $266.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 09/2015
- Data as of
- 06/2022
- EIN
- 47-4148498
Organization Overview
Nmpa Supporting Our Next Generation Of Songwriters Songs Foundation is located in Washington, DC. The organization was established in 2015. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nmpa Supporting Our Next Generation Of Songwriters Songs 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 06/2022, Nmpa Supporting Our Next Generation Of Songwriters Songs Foundation generated $266.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.2% each year .
Since 2016, Nmpa Supporting Our Next Generation Of Songwriters Songs Foundation has awarded 12 individual grants totaling $268,000. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT SONGWRITERS THROUGH FUNDING EDUCATIONAL PROGRAMS, DIRECT FINANCIAL ASSISTANCE AND SERVICES, AND THROUGH PARTNERSHIPS WITH LIKE-MINDED INSTITUTIONS AND ORGANIZATIONS TO ENHANCE OPPORTUNITIIES FOR MUSIC CREATORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NMPA S.O.N.G.S. FOUNDATION HELPS ENABLE SONGWRITERS TO PURSUE THEIR PASSION THROUGH GRANTS AND DIRECT ASSISTANCE. IN FISCAL YEAR 2022, THE FOUNDATION PARTNERED WITH H&R BLOCK TO OFFER FREE TAX PREPARATION TO NASHVILLE AND LOS ANGELES AREA SONGWRITERS. ITS ENDOWMENTS TO MIDDLE TENNESSEE STATE UNIVERSITY (MTSU), HOWARD UNIVERSITY, AND BELMONT UNIVERSITY CONTINUED TO MATURE. IT ALSO COMMITTED $100,000 TO SHE IS THE MUSIC TO CREATE A "SHE IS THE SONGWRITER" SONGWRITING CAMP IN NASHVILLE. THE FOUNDATION ALSO CONTINUED TO SUPPORT SHE IS THE MUSIC THROUGH AN ANNUAL $25,000 COMMITMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danielle Aguirre Treasurer | OfficerTrustee | 2 | $0 |
David Israelite President | OfficerTrustee | 2 | $0 |
Charlotte Sellmyer Secretary | OfficerTrustee | 8 | $0 |
Kara Dioguardi Member | Trustee | 1 | $0 |
Steven Tyler Member | Trustee | 1 | $0 |
Golnar Khosrowshahi Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $149,057 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,250 |
| Noncash contributions included in lines 1a–1f | $6,687 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $276,307 |
| Total Program Service Revenue | $0 |
| Investment income | $317 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$11,019 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $266,700 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $37,000 |
| 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. | $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 | $3,689 |
| Fees for services: Accounting | $7,078 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,465 |
| Advertising and promotion | $0 |
| Office expenses | $7,991 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,044 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,687 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $83,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $784,518 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,500 |
| 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 | $11,212 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $803,230 |
| Accounts payable and accrued expenses | $461 |
| 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 | $39,387 |
| Total liabilities | $39,848 |
| Net assets without donor restrictions | $763,382 |
| 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 | $803,230 |
Grants Awarded
Over the last fiscal year, Nmpa Supporting Our Next Generation Of Songwriters Songs Foundation has awarded $37,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Los Angeles, CA PURPOSE: GENERAL SUPPORT | $25,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $12,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Nmpa Supporting Our Next Generation Of Songwriters Songs Foundation has recieved totaling $65,500.
| Awarding Organization | Amount |
|---|---|
National Music Publishers Assn Inc Washington, DC PURPOSE: EVENT SPONSORSHIP | $45,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $20,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association Of Student Financial Aid Administrators Washington, DC | $22,189,727 | $10,008,615 |
Cobell Board Of Trustees Washington, DC | $177,171,131 | $17,842,265 |
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Maryland Philanthropy Network Inc Baltimore, MD | $5,808,264 | $5,920,100 |
Student Freedom Initiative Inc Washington, DC | $132,770,538 | $15,285,825 |
Meor Inc Silver Spring, MD | $283,304 | $5,067,456 |
Henrico Education Foundation Incorporated Henrico, VA | $1,910,582 | $5,313,927 |
Access College Foundation Norfolk, VA | $62,526,055 | $4,039,611 |
Military Officers Association Of America Scholarship Fund Alexandria, VA | $166,984,015 | $13,631,800 |
Ahla Foundation Inc Washington, DC | $38,777,337 | $6,832,027 |
Digital Harbor Foundation Inc Baltimore, MD | $6,702,247 | $6,011,466 |
American Friends Of Yeshivas Gedolah Matisyahu Inc Baltimore, MD | $321,996 | $3,784,989 |