Nonprofit · EIN 23-0901643
MUSICAL FUND SOCIETY OF PHILADELPHIA
Tax-exempt · PHILADELPHIA, PA 19110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $272,172 | $158,041 | $114,131 | $3,951,554 | $4,087 | $3,947,467 |
| May 31, 2024 | 990 | $187,509 | $161,469 | $26,040 | $3,733,552 | $400 | $3,733,152 |
| May 31, 2023 | 990 | $90,144 | $140,400 | -$50,256 | $3,378,506 | $1,282 | $3,377,224 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $6,695
- Investment income
- $265,477
- Net gain from sales of assets
- $80,898
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $75,550
- Other salaries and wages
- $13,750
- Salaries, compensation and benefits (total)
- $15,184
- Professional fundraising fees
- $0
- Accounting fees
- $8,018
- Program services (functional)
- $105,857
- Management and general (functional)
- $49,366
- Fundraising (functional)
- $2,818
Balance sheet and other
- Total assets, start of year
- $3,733,552
- Total assets, end of year
- $3,951,554
- Total liabilities, end of year
- $4,087
- Net assets, end of year
- $3,947,467
- Publicly traded securities
- $3,918,031
- Net assets without donor restrictions
- $3,922,056
- Net assets with donor restrictions
- $25,411
- Gross receipts
- $272,172
- Employees
- 0
- Volunteers
- 13
- Year formed
- 1820
- State of legal domicile
- PA
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT BLACKSBERG | PRESIDENT Trustee or director, Officer | 8 | $0 |
| LISA MILLER | VICE PRESIDENT Trustee or director, Officer | 6 | $0 |
| NANCY DRYE | TREASURER Trustee or director, Officer | 4 | $0 |
| DAVID WEBBER | SECRETARY Trustee or director, Officer | 4 | $0 |
| PAUL BRYAN | BOARD MEMBER Trustee or director | 1 | $0 |
| ERIN BUSCH | BOARD MEMBER Trustee or director | 1 | $0 |
| CATHERINE CAHILL | BOARD MEMBER Trustee or director | 1 | $0 |
| JOAN KIMBALL | BOARD MEMBER Trustee or director | 1 | $0 |
| MAREN MONTALBANO | BOARD MEMBER Trustee or director | 1 | $0 |
| CARLY RAPAPORT-STEIN | BOARD MEMBER Trustee or director | 1 | $0 |
| WILLIAM RHOADS | BOARD MEMBER Trustee or director | 1 | $0 |
| ADRIAN ROSAS | BOARD MEMBER Trustee or director | 1 | $0 |
| CHELSEA STEINBERG | BOARD MEMBER Trustee or director | 1 | $0 |
| SUZETTE ORTIZ | BOARD MEMBER - RESIGNED OCTOBER 2024 Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Robert Blacksberg | President Trustee or director, Officer | 8 | $0 |
| Lisa Miller | Vice President Trustee or director, Officer | 6 | $0 |
| Nancy Drye | Treasurer Trustee or director, Officer | 4 | $0 |
| David Webber | Secretary Trustee or director, Officer | 4 | $0 |
| Paul Bryan | Board Member Trustee or director | 1 | $0 |
| Catherine Cahill | Board Member Trustee or director | 1 | $0 |
| Joan Kimball | Board Member Trustee or director | 1 | $0 |
| Carly Rapaport-Stein | Board Member Trustee or director | 1 | $0 |
| Adrian Rosas | board Member Trustee or director | 1 | $0 |
| William Rhoads | board Member Trustee or director | 1 | $0 |
| Chelsea Steinberg | Board Member Trustee or director | 1 | $0 |
| Liza Vick | Board Member Trustee or director | 1 | $0 |
| Erin Busch | Board Member Trustee or director | 1 | $0 |
| Miriam Suzzette Ortiz | Board Member Trustee or director | 1 | $0 |
990 for the year ended May 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT BLACKSBERG | PRESIDENT Trustee or director, Officer | 8 | $0 |
| LISA MILLER | VICE PRESIDENT Trustee or director, Officer | 4 | $0 |
| NANCY DRYE | TREASURER Trustee or director, Officer | 4 | $0 |
| DAVID WEBBER | SECRETARY Trustee or director, Officer | 4 | $0 |
| PAUL BRYAN | BOARD MEMBER Trustee or director | 1 | $0 |
| CATHERINE CAHILL | BOARD MEMBER Trustee or director | 1 | $0 |
| JOAN KIMBALL | BOARD MEMBER Trustee or director | 1 | $0 |
| CARLY RAPAPORT-STEIN | BOARD MEMBER Trustee or director | 1 | $0 |
| LINDA REICHERT | BOARD MEMBER Trustee or director | 1 | $0 |
| WILLIAM RHOADS | BOARD MEMBER Trustee or director | 1 | $0 |
| CHELSEA STEINBERG | BOARD MEMBER Trustee or director | 1 | $0 |
| LIZA VICK | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 22464, PHILADELPHIA, PA 19110-2464
- In care of
- % SUSAN CLOVER ACCOUNTANT
- Principal officer (990 for 2024)
- NANCY DRYE, PO BOX 22464, PHILADELPHIA, PA 19110
- Signed the 990
- NANCY DRYE, TREASURER
- Phone
- (215) 445-2231
- Return prepared by
- RUOTOLO SPEWAK & CO
Mission
ENRICHES THE MUSICAL LIFE OF PHILADELPHIA THROUGH ITS GRANTS, AWARDS, & PERFORMANCES.
Program accomplishments
- AWARDING OF PROJECT GRANTS TO LOCAL MUSICAL ORGANIZATIONS AND CAREER ADVANCEMENT AWARDS TO PROMISING INDIVIDUAL MUSICIANS AS WELL AS FOSTERING CONNECTIONS AMONG MUSICIANS AND MUSIC LOVERS, THUS ENRICHING THE MUSICAL LIFE OF THE REGION.Expenses $105,857 · grants $75,550 · revenue $6,695
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 23-0901643
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1942
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $3,951,554
- Income (IRS master file)
- $272,172
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $272,172 | $158,041 | $3,951,554 | XML |
| 990 | May 2024 | $187,509 | $161,469 | $3,733,552 | XML |
| 990 | May 2023 | $90,144 | $140,400 | $3,378,506 | XML |
| 990 | May 2022 | $370,625 | $235,671 | $3,530,219 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 2018 | – | – | – | 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 23-0901643).
Questions about MUSICAL FUND SOCIETY OF PHILADELPHIA
- What is the EIN of MUSICAL FUND SOCIETY OF PHILADELPHIA?
- The employer identification number (EIN) of MUSICAL FUND SOCIETY OF PHILADELPHIA is 23-0901643.
- Is MUSICAL FUND SOCIETY OF PHILADELPHIA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1942.
- Are donations to MUSICAL FUND SOCIETY OF PHILADELPHIA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MUSICAL FUND SOCIETY OF PHILADELPHIA 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 MUSICAL FUND SOCIETY OF PHILADELPHIA due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MUSICAL FUND SOCIETY OF PHILADELPHIA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of MUSICAL FUND SOCIETY OF PHILADELPHIA?
- The 990 for the year ended May 31, 2025 names NANCY DRYE.
- Who are the officers and directors of MUSICAL FUND SOCIETY OF PHILADELPHIA?
- The 990 for the year ended May 31, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does MUSICAL FUND SOCIETY OF PHILADELPHIA have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $272,172, expenses of $158,041 and total assets of $3,951,554 at year end.
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