Ross Mckee Foundation For The Musical Arts
- Assets
- $967.2k
- Revenue
- $30.4k
- Investments
- $954.5k
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 02/1948
- Data as of
- 12/2023
- EIN
- 94-1450203
Organization Overview
Ross Mckee Foundation For The Musical Arts is located in San Francisco, CA. The organization was established in 1948. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ross Mckee Foundation For The Musical Arts 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 12/2023, Ross Mckee Foundation For The Musical Arts generated $30.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $105.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Ross Mckee Foundation For The Musical Arts has awarded 124 individual grants totaling $384,459. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL ROSS MCKEE FOUNDATION PIANO COMPETITION
SAN FRANCISCO INTERNATIONAL PIANO FESTIVAL
COMMUNITY MUSIC CENTER
INTERMUSIC SF
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Taylor Lee President And Direct | 2 | $0 | |
Cathy Angelo Vice Pres And Direct | 1 | $0 | |
Antonio Angelo Secretary And Direct | 1 | $0 | |
Larry L Stites Treasurer And Direct | 3 | $0 | |
Heather Chang Director | 1 | $0 | |
Jeff O Sammon Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,194 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,945 |
| Capital Gain Net Income | $18,945 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,250 |
| Total Revenue | $30,389 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $4,929 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $921 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,445 |
| Total operating and administrative expenses | $48,831 |
| Contributions, gifts, grants paid | $56,285 |
| Total expenses and disbursements | $105,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,399 |
| Savings and temporary cash investments | $1,696 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,620 |
| Total assets | $967,232 |
| Accounts payable and accrued expenses | $3,626 |
| 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 | $3,626 |
Grants Awarded
Over the last fiscal year, Ross Mckee Foundation For The Musical Arts has awarded $56,285 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
INTERMUSIC SF PURPOSE: SUPPORT OF ACCESSIBLE LOCAL COMMUNITY MUSICAL PROGRAMS. | $3,000 |
AMATEUR MUSIC NETWORK PURPOSE: SUPPORT OF ACCESSIBLE LOCAL COMMUNITY MUSICAL PROGRAMS. | $3,000 |
CALIFORNIA MUSIC CENTER PURPOSE: SUPPORT OF ACCESSIBLE LOCAL COMMUNITY MUSICAL PROGRAMS. | $885 |
CAZADERO PERFORMING ARTS PURPOSE: SUPPORT OF SUMMER MUSIC EDUCATION PROGRAM. | $2,500 |
COMMUNITY MUSIC CENTER PURPOSE: SUPPORT OF MUSIC EDUCATION AND ACCESSIBLE LOCAL COMMUNITY MUSICAL PROGRAMS. | $20,000 |
LIEDER ALIVE PURPOSE: SUPPORT OF ACCESSIBLE LOCAL COMMUNITY MUSICAL PROGRAMS. | $2,400 |