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Nonprofit · EIN 13-1790739

MUSICIANS FOUNDATION INC

Tax-exempt · NEW YORK, NY 10010

Financials

$226K$450K2023$412K$433K2024
Revenue Expenses · by fiscal year end
Financials of MUSICIANS FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$411,661$432,999-$21,338$2,449,194$0$2,449,194
December 31, 2023990$225,564$449,797-$224,233$2,459,442$0$2,459,442
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$225,280
of which government grants
$44,618
Program service revenue
$8,420
Investment income
$177,961
Net gain from sales of assets
$33,390
Other revenue
$0

Expenses

Grants and similar amounts paid
$150,131
Compensation of officers, directors and key employees
$97,500
Other salaries and wages
$66,500
Salaries, compensation and benefits (total)
$191,030
Professional fundraising fees
$0
Accounting fees
$13,904
Occupancy
$30,475
Program services (functional)
$320,534
Management and general (functional)
$62,354
Fundraising (functional)
$50,111

Balance sheet and other

Total assets, start of year
$2,459,442
Total assets, end of year
$2,449,194
Total liabilities, end of year
$0
Net assets, end of year
$2,449,194
Publicly traded securities
$1,833,887
Net assets without donor restrictions
$2,449,194
Gross receipts
$1,330,795
Employees
2
Volunteers
13
Year formed
1914
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DAVID GRACIAEXECUTIVE DIRECTOR35$97,500
DR LESLIE B DUNNERMember of Board
Trustee or director
1$0
ANDREW T MALLOYMember of Board
Trustee or director
1$0
BESS FORRELL STEIGERSecretary
Trustee or director, Officer
1$0
JOSEPH HERTZBERGTreasurer
Trustee or director, Officer
1$0
SPENCER MYERMember of Board
Trustee or director
1$0
CHRISTOPHER DYESSMember of board
Trustee or director
1$0
MICHIYO MORIKAWAMember of board
Trustee or director
1$0
LANCE LINARESMember of Board
Trustee or director
1$0
THOMAS F PARKERVice President
Trustee or director, Officer
1$0
DR ROMAN DWORECKIMember of Board
Trustee or director
1$0
JENNA MANULA LINARESMember of Board
Trustee or director
1$0
STEPHEN VANNMember of Board
Trustee or director
1$0
LISA MEGEASKIPresident
Trustee or director, Officer
1$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensation
DAVID GRACIAEXECUTIVE DIRECTOR35$96,500
DR LESLIE B DUNNERMember of Board
Trustee or director
1$0
ANDREW T MALLOYMember of Board
Trustee or director
1$0
BESS FORRELL STEIGERSecretary
Trustee or director, Officer
1$0
JOSEPH HERTZBERGTreasurer
Trustee or director, Officer
1$0
SPENCER MYERMember of Board
Trustee or director
1$0
CHRISTOPHER DYESSMember of board
Trustee or director
1$0
MICHIYO MORIKAWAMember of board
Trustee or director
1$0
LANCE LINARESMember of Board
Trustee or director
1$0
THOMAS F PARKERVice President
Trustee or director, Officer
1$0
ANDREW BLOCHMember of Board
Trustee or director
1$0
JENNA MANULA LINARESMember of Board
Trustee or director
1$0
STEPHEN VANNMember of Board
Trustee or director
1$0
LISA MEGEASKIPresident
Trustee or director, Officer
1$0

Address and contacts

Address (IRS master file)
287 PARK AVE SOUTH SUITE 334, NEW YORK, NY 10010-4573
Principal officer (990 for 2024)
LISA MEGEASKI, 287 PARK AVENUE SOUTH STE 334, NEW YORK, NY 10010
Signed the 990
LISA MEGEASKI, President
Phone
(212) 239-9137
Return prepared by
Baldessari & Coster LLP

Mission

THE MUSICIAN'S FOUNDATION FOSTERS INTEREST AND ADVANCES THE CONDITION AND SOCIAL WELFARE OF PROFESSIONAL MUSICIANS AND PROVIDES VOLUNTARY AID AND ASSISTANCE TO THEM AND THEIR FAMILIES IN CASE OF NEED.

990 for the year ended December 31, 2024

Program accomplishments

  • THE FOUNDATION PROVIDED FINANCIAL ASSISTANCE TO APPROXIMATELY 130 INDIVIDUALS ON AN AS-NEEDED BASIS.
    Expenses $320,534

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
13-1790739
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1953
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,449,194
Income (IRS master file)
$1,330,795

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$411,661$432,999$2,449,194XML
990December 2023$225,564$449,797$2,459,442XML
990December 2022$296,871$474,557$2,518,406IRS
990April 2021–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-1790739).

Questions about MUSICIANS FOUNDATION INC

What is the EIN of MUSICIANS FOUNDATION INC?
The employer identification number (EIN) of MUSICIANS FOUNDATION INC is 13-1790739.
Is MUSICIANS FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1953.
Are donations to MUSICIANS FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MUSICIANS FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MUSICIANS FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MUSICIANS FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MUSICIANS FOUNDATION INC?
The 990 for the year ended December 31, 2024 names LISA MEGEASKI.
Who are the officers and directors of MUSICIANS FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 14 people; 1 received compensation from the organization, the highest $97,500 (DAVID GRACIA, EXECUTIVE DIRECTOR).
How much revenue does MUSICIANS FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $411,661, expenses of $432,999 and total assets of $2,449,194 at year end.

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