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

93.92

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

Board Leadership
Steve Boom
Chair

CEO
Laura Segura
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 93.92 four stars
  Financial 96.86 four stars
  Accountability & Transparency 92.00 four stars
This rating was published 12/01/2020 and includes data from FY2019, 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.

Impact Information

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Financial

four stars

96.86

Accountability & Transparency

four stars

92.00

This rating was published 12/01/2020 and includes data from FY2019, 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)
80.2%
  Administrative Expenses 11.0%
  Fundraising Expenses 8.7%
  Fundraising Efficiency $0.06
  Working Capital Ratio (years) 2.15
  Program Expenses Growth 5.2%
  Liabilities to Assets 8.5%
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.
REVENUE  
Contributions  
   Contributions, Gifts & Grants $3,651,971
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $7,381,406
   Related Organizations $0
   Government Grants $0
Total Contributions $11,033,377
   Program Service Revenue $0
Total Primary Revenue $11,033,377
   Other Revenue $-2,010,231
TOTAL REVENUE $9,023,146
   
EXPENSES  
   Program Expenses $7,729,171
   Administrative Expenses $1,031,286
   Fundraising Expenses $819,538
TOTAL FUNCTIONAL EXPENSES $9,579,995
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-556,849
   
Net Assets $21,714,290

Charts

Compensation % of Expenses Paid to Title
Not compensated -- Neil Portnow President, CEO
Other Salaries of Note
$192,929 2.01% Judy Wong Vice President, Finance
$171,308 1.78% Debbie Carroll Vice President, Health & Human Services
$130,537 1.36% Harold Owens Senior Director
$117,428 1.22% Dana Tomarken Vice President, Fundraising & Events
$115,269 1.20% Edwyna Wynn Senior Director

Mission

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.

Highly Rated

Charity Name & State Overall Score Overall Rating
MusiCares (CA) 93.92 four stars
Headlands Center for the Arts (CA) 92.11 four stars
Princess Grace Foundation-USA (NY) 85.98 three stars
Project Row Houses (TX) 91.84 four stars
Dance/USA (DC) 88.36 three stars

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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

Steve Boom
Chair

CEO

Laura Segura
Executive Director