Crescendo For Music And The Arts
- Assets
- $7.4m
- Revenue
- $341.7k
- Investments
- $7.4m
- Employees
- 0
- Location
- San Marino, CA
- Founding
- Data as of
- 07/2021
- EIN
- 85-1154994
Organization Overview
Crescendo For Music And The Arts is located in San Marino, CA. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Crescendo For Music And The Arts is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRESCENDO FOR MUSIC AND THE ARTS WAS INCORPORATED ON 4/29/19 AND RECEIVED ITS FIRST FUNDING ON 7/27/20. THE ORGANIZATION'S SPECIFIC PURPOSE IS TO CONTRIBUTE TO WORTHWHILE NONPROFIT CHARITABLE ORGANIZATIONS, TO SUPPORT MUSIC AND THE ARTS IN THE GREATER PASADENA AREA OF CALIFORNIA AND DESIGNATED AREAS OF THE CITY OF LOS ANGELES TO FOSTER AND FUND PROGRAMS THAT NURTURE THE STUDY AND APPRECIATION OF MUSIC, PROVIDE MUSIC EDUCATION FOR YOUNG PEOPLE, AND SECURE THAT MUSIC AND THE ARTS ARE AVAILABLE TO A DIVERSE RANGE OF AUDIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frances Biles President | 5 | $0 | |
Victoria Mc Cluggage Secretary | 5 | $0 | |
Kathryn Hofgaarden Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $205,339 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $136,385 |
| Capital Gain Net Income | $136,385 |
| Net ST Capital Gain | $136,385 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $341,724 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $527 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,118 |
| Total operating and administrative expenses | $9,021 |
| Contributions, gifts, grants paid | $370,000 |
| Total expenses and disbursements | $379,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,720 |
| Savings and temporary cash investments | $1,137 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,353,454 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,357,311 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Crescendo For Music And The Arts has recieved totaling $6,296,420.
| Awarding Organization | Amount |
|---|---|
Pasadena Showcase House For The Arts Pasadena, CA | | $6,296,420 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dr Miriam And Sheldon G Adelson Las Vegas, NV | $37,664,470 | $5,516,038 |
Shimon Ben Joseph Foundation San Francisco, CA | $1,592,283,787 | $39,921,005 |
Alfred C Munger Foundation Los Angeles, CA | $17,737,694 | $91,163,030 |
Hellman Foundation San Francisco, CA | $693,471,633 | $133,789,010 |
The Eric And Wendy Schmidt Fund For Strategic Innovation Palo Alto, CA | $1,715,568,763 | $412,161,407 |
Omidyar Network Fund Inc Redwood City, CA | $490,038,780 | $21,031,743 |
Sobrato Family Foundation Mountain View, CA | $811,956,453 | $266,068,436 |
Moore Family Foundation Incline Village, NV | $173,909 | $5,659,701 |
Benificus Foundation San Carlos, CA | $13,481,294 | $1,960,393 |
H&h Evergreen Foundation Menlo Park, CA | $393,647,714 | $39,435,652 |
The Energy Foundation San Francisco, CA | $108,278,429 | $83,158,939 |
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |