Song Foundation
- Assets
- $27.8m
- Revenue
- $1.1m
- Investments
- $27.2m
- Employees
- 0
- Location
- Denver, CO
- Founding
- Data as of
- 08/2023
- EIN
- 84-3950307
Organization Overview
Song Foundation is located in Denver, CO. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Song 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 08/2023, Song Foundation generated $1.1m 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 (42.5%) each year.
Since 2020, Song Foundation has awarded 43 individual grants totaling $4,014,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Song Member, Director And President | 1 | $0 | |
Linh Song Member, Director And Treasurer | 1 | $0 | |
Peter Katz Director And Secretary | 1 | $0 | |
Khalilah Gaston Executive Director | 40 | $141,200 | |
Douglas Song Member, Director And President | 1 | $0 | |
Linh Song Member, Director And Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $270,000 |
| Interest on Savings | $1,195 |
| Dividends & Interest | $830,249 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,150 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,092,294 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $193,375 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $39,794 |
| Interest | $0 |
| Taxes | $15,287 |
| Depreciation | $0 |
| Occupancy | $3,070 |
| Travel, conferences, and meetings | $15,563 |
| Printing and publications | $0 |
| Other expenses | $246,563 |
| Total operating and administrative expenses | $1,100,482 |
| Contributions, gifts, grants paid | $1,746,000 |
| Total expenses and disbursements | $2,846,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $625,487 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,137 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,814,163 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $27,790,805 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $110,285 |
| Other liabilities | $0 |
| Total liabilities | $110,285 |
Grants Awarded
Over the last fiscal year, Song Foundation has awarded $2,254,000 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
ARTSPACE PROJECTS INC PURPOSE: TO SUPPORT FEASIBILITY STUDY TO PROVIDE AFFORDABLE HOUSING FOR THE ARTS IN ANN ARBOR, MICHIGAN. | $15,000 |
GREENLIGHT FUND INC PURPOSE: HUMAN SERVICES | $50,000 |
DETROIT JUSTICE CENTER PURPOSE: HUMAN SERVICES | $125,000 |
YOUTH ARTS ALLIANCE PURPOSE: SUPPORT WASHTENAW COUNTY COURT EXHIBIT | $18,000 |
STUDENT ADVOCACY CENTER OF MICHIGAN PURPOSE: TO SUPPORT STAFFING ON-CALL LINE | $35,000 |
PRO PUBLICA INC PURPOSE: TO SUPPORT THE MI BEAT | $100,000 |