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        <ExplanationTxt>10 Facts and Circumstances - 2024 Harmundi Foundation Inc was formed in 2018 and began planning and fundraising in 2019 but it lost momentum during the pandemic delaying the launch of its initial pilot program until 2023 In this start-up phase the organization has relied heavily on the support of its board members who in turn have solicited support from other individuals within their personal networks With a successful pilot program in 2023 and an expanded program in 2024 the organization is now promoting its achievements publicly and a more broad-based public fundraising program is being developed incorporating social media the website HarmundiFoundationorg peer-to-peer solicitation and corporate and foundation grant proposals The Board of Directors - 3 women and 2 men at 123124 - represents such diverse backgrounds as academia banking the for-profit music industry and the nonprofit performing arts sector Its core purpose - to unite young people from around the world through the international language of music - centers around an annual summit focused on cultural exchange and collaborative music-making</ExplanationTxt>
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        <ExplanationTxt>990-EZ Part 1 line 10, Grants and similar amounts paid: Electronic recording equipment granted to 80 participating students totaled $19,972, averaging $249.65 per student FMV based on actual cost. Part I line 16, Other Expenses: Office Expenses: $1,991; Accounting: $1,115; Travel &amp; Meals: $1,593. Part II line 24, Other Assets: Accounts receivable (pledge): $10,000. Part II line 26: Total Liabilities: Accounts Payable: $52,900</ExplanationTxt>
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