National Independent Venue Foundation
- Assets
- $1.5m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 06/2022
- EIN
- 85-2436574
Organization Overview
National Independent Venue Foundation is located in New York, NY. 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. National Independent Venue 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, National Independent Venue Foundation generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (46.8%) each year. All expenses for the organization totaled $547.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (54.2%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE NATIONAL INDEPENDENT VENUE FOUNDATION (NIVF) IS TO PRESERVE AND NURTURE THEECOSYSTEM OF INDEPENDENT LIVE PERFORMANCE VENUES AND PROMOTERS THROUGHOUT THE UNITED STATES BY SUPPORTING A TRANSPARENT, COMPETITIVE MARKETPLACE SERVING A DIVERSE AND INCLUSIVE COMMUNITY OF ARTISTS, FANS, AND INDUSTRY WORKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NATIONAL INDEPENDENT VENUE FOUNDATION PRESERVES AND NURTURES THE ECOSYSTEM OF INDEPENDENT LIVE PERFORMANCE VENUES AND PROMOTERS THROUGH ACCESSIBLE, EQUITY-FOCUSED PROGRAMMING. OUR WORKFORCE DEVELOPMENT PROGRAMMING PROVIDES TRAINING ON RELEVANT ISSUES FOR LIVE PERFORMANCE SPACES, INCLUDING REGULAR WORKSHOPS SUPPORTING EXISTING WORKERS, AND THE VENUE OPERATIONS EXPERIENCE (VOX), A CERTIFICATE AND INTERNSHIP PROGRAM TO BRING NEW WORKERS INTO THE INDUSTRY. CREATING AND SHARING RESOURCES FOR INDEPENDENT VENUES AND PROMOTERS, BUILDING PATHWAYS TO DIVERSE OWNERSHIP, AND SUPPORTING COMMUNITY ENGAGEMENT AND EDUCATION EFFORTS ARE ALL PART OF THE FOUNDATION' CORE WORK. THE FOUNDATION ALSO ADMINISTERS AN EMERGENCY RELIEF FUND THAT PROVIDES ECONOMIC RELIEF TO INDEPENDENT LIVE PERFORMANCE VENUES AND (CONTINUED ON SCHEDULE O) PROMOTERS ACROSS THE UNITED STATES EXPERIENCING A CRITICALLY SEVERE EMERGENCY DUE TO CIRCUMSTANCES BEYOND THEIR CONTROL. THIS WORK WAS BORN OUT OF THE COVID-19 CRISIS, BUT CARRIES ON AS A CRITICAL SAFETY NET FOR THE INDEPENDENT SPACES AND WORKERS WHO SERVE AS THE HUBS AND INCUBATORS FOR CREATIVE CULTURE IN THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hal Real President | OfficerTrustee | 5 | $0 |
Tobi Parks Vice President | OfficerTrustee | 2 | $0 |
Laura Wilson Treasurer | OfficerTrustee | 5 | $0 |
Annie Brinn Secretary | OfficerTrustee | 3 | $0 |
Rev Moose Executive Director (see Schedule L) | Officer | 8 | $0 |
Torrie Allen Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $894,418 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $894,418 |
| Total Program Service Revenue | $122,000 |
| Investment income | $2,576 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,018,994 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $80,000 |
| 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 | $189,604 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,726 |
| Payroll taxes | $17,893 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,445 |
| Fees for services: Accounting | $22,236 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $85,552 |
| Advertising and promotion | $0 |
| Office expenses | $1,095 |
| Information technology | $21,040 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,463 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,310 |
| All other expenses | $0 |
| Total functional expenses | $547,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $316,537 |
| Savings and temporary cash investments | $1,201,902 |
| Pledges and grants receivable | $0 |
| 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 | $25,841 |
| 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 | $1,544,280 |
| Accounts payable and accrued expenses | $84,347 |
| 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 | $0 |
| Total liabilities | $84,347 |
| Net assets without donor restrictions | $417,006 |
| Net assets with donor restrictions | $1,042,927 |
| 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 | $1,544,280 |
Grants Awarded
Over the last fiscal year, National Independent Venue Foundation has awarded $80,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Frenchtown, NJ PURPOSE: EMERGENCY RELIEF FUND | $25,000 |
GRANADA THEATER LLC PURPOSE: EMERGENCY RELIEF FUND | $23,500 |
CLUB CAFE PARTNERS INC PURPOSE: EMERGENCY RELIEF FUND | $16,500 |
New York, NY PURPOSE: EMERGENCY RELIEF FUND | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that National Independent Venue Foundation has recieved totaling $107,326.
| Awarding Organization | Amount |
|---|---|
Universal Music All Together Now Foundation Inc Santa Monica, CA PURPOSE: HOLIDAY GIVE | $50,000 |
Berkshire Hathaway Energy Foundation Des Moines, IA PURPOSE: GENERAL SUPPORT | $25,000 |
Arr Family Foundation Inc Minneapolis, MN PURPOSE: PROGRAM SUPPORT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $8,350 |
Whatcom Community Foundation Bellingham, WA PURPOSE: PUBLIC SAFETY, DISASTER PLANNING & RELIEF | $8,348 |
Harman Family Foundation Los Angeles, CA PURPOSE: INDEPENDENT MUSIC INDUSTRY SUPPORT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jazz At Lincoln Center Inc New York, NY | $222,896,771 | $27,240,751 |
Handel And Haydn Society Boston, MA | $29,038,335 | $22,868,295 |
Groton Hill Music Inc Groton, MA | $210,830,113 | $41,196,688 |
Newport Festivals Foundation Inc Essex, MA | $20,080,911 | $11,132,304 |
Whyhunger Inc New York, NY | $5,607,325 | $7,869,621 |
Caramoor Center For Music & The Arts Inc Katonah, NY | $49,439,168 | $6,140,543 |
Save The Music Foundation New York, NY | $5,156,662 | $8,206,045 |
Rockport Music Inc Rockport, MA | $31,791,427 | $3,720,672 |
American Friends Of Les Arts Florissants Inc New York, NY | $1,107,997 | $2,546,808 |
Chicken & Egg Pictures Inc Brooklyn, NY | $9,525,742 | $4,390,371 |
Young Concert Artists Inc New York, NY | $10,777,916 | $2,607,839 |
Play On Philly Philadelphia, PA | $3,128,034 | $1,933,765 |