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Arts, Culture, Humanities : Performing Arts

MusiCares

Ensuring that music people have a place to turn in times of financial, medical or personal crisis

four stars

95.80

3030 Olympic Boulevard Santa Monica, CA 90404
tel: (310) 392-3777   Web Site
EIN: 95-4470909

Board Leadership
Michael McDonald
Chair

CEO
Neil Portnow
President & CEO

  Score
(out of 100)
Rating
Overall Score & Rating 95.80 four stars
  Financial 95.61 four stars
  Accountability & Transparency 96.00 four stars
This rating was published 12/01/2016 and includes data from FY2015, the most recent 990 received at that time.

Established in 1989 by The Recording Academy, MusiCares provides a safety net of critical assistance for music people in times of need. MusiCares' services and resources cover a wide range of financial, medical and personal emergencies, and each case is treated with integrity and confidentiality. MusiCares also focuses the resources and attention of the music industry on human service issues that directly impact the health and welfare of the music community. MusiCares programs include emergency financial assistance for struggling music people; addiction recovery support groups; and outreach activities to educate members of the music industry and the public-at-large about available human service opportunities.

Established in 1989 by The Recording Academy, MusiCares provides a safety net of critical assistance for music people in times of need. MusiCares' services and resources cover a wide range of financial, medical and personal emergencies, and each case is treated with integrity and confidentiality. MusiCares also focuses the resources and attention of the music industry on human service issues that directly impact the health and welfare of the music community. MusiCares programs include emergency financial assistance for struggling music people; addiction recovery support groups; and outreach activities to educate members of the music industry and the public-at-large about available human service opportunities.

Financial

four stars

95.61

Accountability & Transparency

four stars

96.00

This rating was published 12/01/2016 and includes data from FY2015, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
78.4%
  Administrative Expenses 9.5%
  Fundraising Expenses 12.0%
  Fundraising Efficiency $0.07
  Working Capital Ratio (years) 2.83
  Program Expenses Growth 12.9%
  Liabilities to Assets 2.8%
All data for Financial Performance Metrics calculations was provided by MusiCares on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by MusiCares on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
MusiCares (CA) 95.80 four stars
Chamber Music America (NY) 89.51 three stars
Mosaic Youth Theatre of Detroit (MI) 87.30 three stars
Young Concert Artists (NY) 87.68 three stars
Intersection for the Arts (CA) 96.29 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $3,819,049
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $9,772,491
   Related Organizations $0
   Government Grants $0
Total Contributions $13,591,540
   Program Service Revenue $0
Total Primary Revenue $13,591,540
   Other Revenue $-3,377,344
TOTAL REVENUE $10,214,196
   
EXPENSES  
   Program Expenses $6,640,062
   Administrative Expenses $854,603
   Fundraising Expenses $852,397
TOTAL FUNCTIONAL EXPENSES $8,347,062
   
Payments to Affiliates $0
Excess (or Deficit) for the year $1,867,134
   
Net Assets $21,496,656

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Financial Assistance to Recording Industry $5,022,594 75.6%
Map Fund $1,596,798 24.0%
Grants to other Organizations $20,670 0.3%

Ratings History
MusiCares has received 3 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2015-07 12/01/2016 95.80 four stars
2014-07 06/01/2016 93.92 four stars
 
CN 2.0
2014-07 11/01/2015 94.85 four stars
2013-07 12/22/2014 94.17 four stars
2012-07 11/01/2013 89.30 three stars
2011-07 05/01/2013 89.03 three stars
2011-07 10/01/2012 87.99 three stars
2010-07 12/01/2011 82.38 three stars
2009-07 09/20/2011 81.24 three stars
 
CN 1.0
2009-07 11/24/2010 73.47 two stars
2008-07 03/01/2010 79.91 two stars
2007-07 12/01/2008 87.30 three stars
2006-07 11/01/2007 90.43 four stars
2005-07 11/01/2006 81.29 three stars
2004-07 11/01/2005 77.95 two stars
2003-07 01/05/2005 89.76 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 95-4470909
Name in IRS Master File MUSICARES FOUNDATION INC
NTEE Code A68
NTEE Classification Music
NTEE Type Arts, Culture and Humanities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (602) Gifts, grants, or loans to other organizations
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date December, 1994
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End July
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • July, 2015
  • July, 2014
  • July, 2013
  • July, 2012
  • July, 2011

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

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Compensation % of Expenses Paid to Title
Not compensated -- Neil Portnow President, CEO
Other Salaries of Note
$162,054 1.94% Kristen Madsen Senior Vice President, Foundations
$160,360 1.92% Judy Wong Controller
$127,098 1.52% Dana Tomarken Vice President
$122,829 1.47% Scott Goldman Vice President

Highly Rated

Charity Name & State Overall Score Overall Rating
MusiCares (CA) 95.80 four stars
Foundation for Contemporary Arts (NY) 88.88 three stars
HERE (NY) 88.28 three stars
Princess Grace Foundation-USA (NY) 89.11 three stars
Chamber Music America (NY) 89.51 three stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

MusiCares
3030 Olympic Boulevard
Santa Monica, CA 90404
tel: (310) 392-3777
fax: (310) 392-2187
EIN: 95-4470909

Visit Web Site

Board Leadership

Michael McDonald
Chair

CEO

Neil Portnow
President & CEO

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