Foundation For Modern Music Inc
- Assets
- $40.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 09/1986
- Data as of
- 12/2022
- EIN
- 76-0179000
Organization Overview
Foundation For Modern Music Inc is located in Houston, TX. The organization was established in 1986. 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. Foundation For Modern Music 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, Foundation For Modern Music Inc generated $80.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $98.6k during the year ending 12/2022. 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 |
|---|---|---|---|
Gary C Chamness President | 2 | $0 | |
Paul Boyd Exec/artistic Director | 15 | $12,930 | |
Anne Leek Board Mbr/assoc Director | 5 | $2,300 | |
Christopher Barber Board Member | 1 | $0 | |
Judy Dines Board Member | 1 | $0 | |
Kristy Peet Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $69,261 |
| Total Program Service Revenue | $4,180 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $7,200 |
| Total Revenue | $80,641 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,436 |
| Professional fees and other payments to independent contractors | $1,800 |
| Occupancy, rent, utilities, and maintenance | $12,341 |
| Printing, publications, postage, and shipping | $645 |
| Other expenses | $79,380 |
| Total expenses | $98,602 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $26,694 |
| Other assets | $0 |
| Total assets | $40,591 |
| Total liabilities | $0 |
| Net assets or fund balances | $40,591 |