Nonprofit · EIN 22-1717253
MASTERWORK MUSIC & ART FOUNDATION
Tax-exempt · CRANFORD, NJ 07016
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $58,172 | $36,699 | $21,473 | $1,015,414 | $0 | $1,015,414 |
| June 30, 2024 | 990 | $56,405 | $51,306 | $5,099 | $1,018,297 | $0 | $1,018,297 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $330
- Dividends
- $22,750
- Interest
- $15,516
- Net gain from sales of assets
- $19,576
Expenses
- Grants and similar amounts paid
- $2,500
- Compensation of officers, directors and key employees
- $16,500
- Salaries, compensation and benefits (total)
- $5,794
- Disbursements for charitable purposes
- $30,537
- Excise tax on investment income
- $703
Balance sheet and other
- Total assets, start of year
- $1,018,297
- Total assets, end of year
- $1,015,414
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,015,414
- Fair market value of assets
- $1,015,414
- Qualifying distributions
- $30,537
- Net investment income
- $56,746
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-PF for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOEN FERRARI 6 SPRINGHILL LANE, MORRISTOWN, NJ 07960 | MEMBER | 0 | $0 |
| ALICE GLOCK 77 FAIRWOOD ROAD, MADISON, NJ 07940 | ADMINISTRATOR | 0 | $0 |
| ERIC HAFEN 407 HUFF ROAD, NORTH BRUNSWICK, NJ 08902 | MEMBER | 0 | $0 |
| TONY JAVED 130 LENOX AVENUE 633, NEW YORK, NY 10026 | PRESIDENT | 0 | $0 |
| CAROL MAY 26 N FRANKLIN ST, ATHENS, NY 120151404 | MEMBER | 0 | $0 |
| MATHEWS PHILIPS 10 HADOWANETZ DR, OGDENSBURG, NJ 07439 | VICE PRESIDENT | 0 | $0 |
| MINA LAVINIA MEARS RUBY 29 SOUTH AVENUE WEST, CRANFORD, NJ 070162660 | MEMBER | 0 | $0 |
| JOHN L THOMAS 22 WASHINGTON AVE, MORRISTOWN, NJ 07960 | MEMBER | 0 | $0 |
| EILEEN WHITE 122 SOUNDVIEW ROAD 2ND FL, RIDGEFIELD, CT 06877 | MEMBER | 0 | $0 |
| JOSEPH WHITE 122 SOUNDVIEW ROAD 2ND FL, RIDGEFIELD, CT 06877 | TREASURER | 0 | $0 |
| R WAYNE WALTERS 34 GLACIER DRIVE, MORRIS PLAINS, NJ 07950 | ADVISORY | 0 | $0 |
| TODD WHITLEY 309 WEST 43RD ST 5A, NEW YORK, NY 10036 | EXECUTIVE DIRECTOR | 0 | $0 |
| STEPHEN R BLACK 2507 POST ROAD 3RD FL, SOUTHPORT, CT 06890 | AMERIPRISE FINANCIAL ADVISOR | 0 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SULMON A JAVED | PRESIDENT Officer | 2 | $0 |
| GWYNETH MOONEY | TREASURER Officer | 2 | $0 |
| JOSEPH WHITE | SECRETARY Officer | 1 | $0 |
| MATHEWS PHILIPS | VICE PRESIDENT Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 29 SOUTH AVE W, CRANFORD, NJ 07016-2660
- Signed the 990-PF
- TONY JAVED, PRESIDENT
- Phone
- (973) 222-6752
- Return prepared by
- SAX ADVISORY LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-1717253
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1978
- Accounting year ends
- June
- Files
- Form 990-PF
- Category (NTEE)
- Arts, culture and humanities (A6E0)
- Assets (IRS master file)
- $1,015,414
- Income (IRS master file)
- $38,596
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $58,172 | $36,699 | $1,015,414 | IRS |
| 990 | June 2024 | $56,405 | $51,306 | $1,018,297 | XML |
| 990 | June 2023 | $40,276 | $36,216 | $993,849 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 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 22-1717253).
Questions about MASTERWORK MUSIC & ART FOUNDATION
- What is the EIN of MASTERWORK MUSIC & ART FOUNDATION?
- The employer identification number (EIN) of MASTERWORK MUSIC & ART FOUNDATION is 22-1717253.
- Is MASTERWORK MUSIC & ART FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1978.
- Are donations to MASTERWORK MUSIC & ART FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MASTERWORK MUSIC & ART FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MASTERWORK MUSIC & ART FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MASTERWORK MUSIC & ART FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of MASTERWORK MUSIC & ART FOUNDATION?
- The 990-PF for the year ended June 30, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does MASTERWORK MUSIC & ART FOUNDATION have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $58,172, expenses of $36,699 and total assets of $1,015,414 at year end.
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