Austin Music Foundation Inc
- Assets
- $73.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Austin, TX
- Founding
- 11/2004
- Data as of
- 12/2022
- EIN
- 81-0561953
Organization Overview
Austin Music Foundation Inc is located in Austin, TX. The organization was established in 2004. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Austin Music Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Austin 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, Austin Music Foundation Inc generated $190.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $315.3k during the year ending 12/2022. While expenses have increased by 6.6% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Program Activity:
Part 3
THE AUSTIN MUSIC FOUNDATION (AMF) OFFERS FREE EDUCATION SPECIFICALLY TAILORED TO TODAY'S MUSIC BUSINESS CLIMATE. WITH EXPERT PANELS, CONSULTATIONS, MENTORING AND NETWORKING EVENTS, AMF'S PROGRAMS PROVIDE THE NECESSARY TOOLS AND OPPORTUNITIES TO HELP THE AUSTIN MUSIC INDUSTRY SUCCEED.THE CREATIVE MEDIA CENTER (CMC) ARTIST DEVELOPMENT PROGRAM PROVIDES MUSICIANS WITH THE ADVANCED KNOWLEDGE AND TOOLS THEY NEED TO NAVIGATE THE MUSIC INDUSTRY AND BUILD THEIR CAREERS. THE CMC ARTIST DEVELOPMENT CONSISTS OF THREE COMPONENTS: PANELS, WORKSHOPS, AND NETWORKING EVENTS; CAREER CONSULTATIONS; AND THE ARTIST DEVELOPMENT PROGRAM. LEADERS IN AUSTIN MUSIC (LIAM) IS A SIX-MONTH PROGRAM DESIGNED BY THE AUSTIN MUSIC FOUNDATION AND THE ECONOMIC DEVELOPMENT DEPARTMENT'S MUSIC & ENTERTAINMENT DIVISION. THIS PROGRAM WILL PROVIDE PARTICIPANTS WITH TOP-LEVEL MUSIC INDUSTRY LEADERSHIP EFFECTIVENESS TRAINING FOR EXISTING LEADERS IN THE AUSTIN MUSIC COMMUNITY. THE CLASS WILL BE COMPRISED OF ABOUT 18 INDIVIDUALS, AND THE PROGRAM WILL FOCUS ON EXPLORING SOLUTION-ORIENTED INITIATIVES REGARDING THE MUSIC INDUSTRY'S PRESSING ISSUES AND OPPORTUNITIES AS WELL AS INCREASING CROSS-INDUSTRY COLLABORATION OPPORTUNITIES WITH OTHER CREATIVE INDUSTRIES IN AUSTIN.MUSIC INDUSTRY COLLABORATIVE (MIC) IS AN APPLICANT BASED MENTORING PROGRAM DESIGNED FOR ACTIVE ENTREPRENEURS WITH EXISTING MUSIC-RELATED BUSINESSES. THE MENTORING PROGRAM WILL FAST TRACK RESOURCES THAT BUSY MUSIC ENTREPRENEURS MOST URGENTLY NEED: MEANINGFUL DIALOGUE WITH REAL-LIFE ENTREPRENEURIAL MENTORS IN A STRUCTURED SMALL GROUP SETTING THAT ALSO ENCOURAGES PEER-TO-PEER ASSISTANCE. MIC OFFERS FOCUSED WORKSHOPS ON CORE TOPICS THAT ARE ESSENTIAL FOR THE MUSIC BUSINESS ENTREPRENEUR TO LEVERAGE STRENGTHS, OVERCOME CHALLENGES AND GAIN VALUABLE RESOURCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Neal Chair | 1 | $0 | |
Alex Vallejo Vice Chair | 1 | $0 | |
Danny Gillespie Exec Committee | 1 | $0 | |
Amy Lombardi Exec Committee | 1 | $0 | |
Bryan Barksdale Director | 1 | $0 | |
Michael Dickinson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $188,928 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,778 |
| Total Revenue | $190,706 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $156,314 |
| Professional fees and other payments to independent contractors | $114,226 |
| Occupancy, rent, utilities, and maintenance | $2,301 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $42,469 |
| Total expenses | $315,310 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,080 |
| Other assets | $0 |
| Total assets | $73,413 |
| Total liabilities | $24,769 |
| Net assets or fund balances | $48,644 |