Nonprofit · EIN 23-7298290
MUSIC CENTER FOUNDATION
Tax-exempt · LOS ANGELES, CA 90012
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $14,852,023 | $9,084,745 | $5,767,278 | $314,072,066 | $100,859,058 | $213,213,008 |
| March 31, 2024 | 990 | $10,480,339 | $10,080,290 | $400,049 | $306,563,538 | $98,727,222 | $207,836,316 |
| March 31, 2023 | 990 | $2,501,518 | $9,113,867 | -$6,612,349 | $285,118,946 | $97,372,371 | $187,746,575 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $5,642,163
- Program service revenue
- $0
- Investment income
- $9,209,860
- Net gain from sales of assets
- $7,734,346
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $8,053,861
- Compensation of officers, directors and key employees
- $408,836
- Other salaries and wages
- $161,561
- Salaries, compensation and benefits (total)
- $701,859
- Professional fundraising fees
- $0
- Legal fees
- $10,333
- Accounting fees
- $143,843
- Occupancy
- $5,555
- Program services (functional)
- $8,053,861
- Management and general (functional)
- $588,845
- Fundraising (functional)
- $442,039
Balance sheet and other
- Total assets, start of year
- $306,563,538
- Total assets, end of year
- $314,072,066
- Total liabilities, end of year
- $100,859,058
- Net assets, end of year
- $213,213,008
- Publicly traded securities
- $56,309,385
- Net assets with donor restrictions
- $213,213,008
- Gross unrelated business income
- -$85,444
- Gross receipts
- $22,201,254
- Employees
- 3
- Volunteers
- 16
- Year formed
- 1973
- State of legal domicile
- CA
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 March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVEN T BENSON | PRESIDENT AND CEO Officer | 40 | $367,749 | $54,522 |
| JENNIFER NHIEU | CONTROLLER Highest-paid employee | 35 | $103,394 | $23,910 |
| SHELBY NOTKIN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| KIKI R GINDLER | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| KENNETH S WILLIAMS | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| THOMAS L BECKMEN | DIRECTOR (THRU 05/24) Trustee or director | 1 | $0 | $0 |
| JOHN B EMERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMY R FORBES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DARELL L KRASNOFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEITH LEONARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KELSEY N MARTIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIZABETH MICHELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CINDY MISCIKOWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUSAN REARDON | DIRECTOR (AS OF 11/24) Trustee or director | 1 | $0 | $0 |
| JEFFREY SOROS | DIRECTOR Trustee or director | 1 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC STERN | DIRECTOR (AS OF 11/24) Trustee or director | 1 | $0 |
| JASON SUBOTKY | DIRECTOR (AS OF 11/24) Trustee or director | 1 | $0 |
| PHILIP SWAN | DIRECTOR Trustee or director | 1 | $0 |
| SUE WEGLEITNER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended March 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVEN T BENSON | PRESIDENT Officer | 40 | $363,437 | $47,028 |
| SHELBY NOTKIN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| KIKI R GINDLER | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| KENNETH S WILLIAMS | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| THOMAS L BECKMEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN B EMERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMY R FORBES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DARELL L KRASNOFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KENT KRESA | DIRECTOR (THRU 05/2023) Trustee or director | 1 | $0 | $0 |
| KEITH LEONARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KELSEY N MARTIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIZABETH MICHELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CINDY MISCIKOWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFFREY SOROS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PHILIP SWAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUE WEGLEITNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended March 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEVEN T BENSON | PRESIDENT Officer | 40 | $358,238 | $41,788 |
| SHELBY NOTKIN | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| KIKI R GINDLER | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| KENNETH S WILLIAMS | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| THOMAS L BECKMEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN B EMERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMY R FORBES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DARELL L KRASNOFF | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KENT KRESA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEITH LEONARD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KELSEY N MARTIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CINDY MISCIKOWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFFREY SOROS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PHILIP SWAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUE WEGLEITNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 135 NORTH GRAND AVE, LOS ANGELES, CA 90012-3013
- Principal officer (990 for 2024)
- JUSTIN F MARSH, 135 NORTH GRAND AVE, LOS ANGELES, CA 900123013
- Signed the 990
- JUSTIN F MARSH, PRESIDENT & CEO
- Phone
- (213) 972-8046
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
California records
California keeps its own records of charities and corporations. Search them by EIN 23-7298290 or by the name MUSIC CENTER FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE MISSION OF MUSIC CENTER FOUNDATION IS TO PROVIDE ENDOWMENT SUPPORT TO THE MUSIC CENTER PERFORMING ARTS CENTER OF LOS ANGELES COUNTY, ITS EDUCATION AND ARTISTIC PROGRAMS AND RESIDENT COMPANIES THROUGH PLANNED GIVING FUNDRAISING AND ASSET MANAGEMENT.
Program accomplishments
- ENDOWMENT DISTRIBUTIONS TO THE MUSIC CENTER/PERFORMING ARTS CENTER OF LOS ANGELES COUNTY, ITS EDUCATIONAL ACTIVITIES AND ITS AFFILIATED PERFORMING ARTS COMPANIES WHICH INCLUDE LOS ANGELES PHILHARMONIC ASSOCIATION, CENTER THEATRE GROUP, LOS ANGELES OPERA COMPANY AND THE LOS ANGELES MASTER CHORALE.Expenses $7,007,013 · grants $7,007,013
- THE MUSIC CENTER FOUNDATION'S LAPA FUND MAKES DISTRIBUTIONS TO THE LOS ANGELES PHILHARMONIC ASSOCIATION.Expenses $1,046,848 · grants $1,046,848
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 March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7298290
- 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
- 1973
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A120)
- Assets (IRS master file)
- $314,072,066
- Income (IRS master file)
- $22,201,254
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $14,852,023 | $9,084,745 | $314,072,066 | XML |
| 990-T | March 2025 | – | – | – | IRS |
| 990 | March 2024 | $10,480,339 | $10,080,290 | $306,563,538 | XML |
| 990-T | March 2024 | – | – | – | IRS |
| 990 | March 2023 | $2,501,518 | $9,113,867 | $285,118,946 | XML |
| 990-T | March 2023 | – | – | – | IRS |
| 990 | March 2022 | $21,090,065 | $26,234,757 | $314,452,554 | IRS |
| 990-T | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990-T | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
| 990 | March 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 23-7298290).
Questions about MUSIC CENTER FOUNDATION
- What is the EIN of MUSIC CENTER FOUNDATION?
- The employer identification number (EIN) of MUSIC CENTER FOUNDATION is 23-7298290.
- Is MUSIC CENTER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
- Are donations to MUSIC CENTER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MUSIC CENTER FOUNDATION 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 MUSIC CENTER FOUNDATION due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MUSIC CENTER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of MUSIC CENTER FOUNDATION?
- The 990 for the year ended March 31, 2025 names JUSTIN F MARSH.
- Who are the officers and directors of MUSIC CENTER FOUNDATION?
- The 990 for the year ended March 31, 2025 lists 19 people; 2 received compensation from the organization, the highest $367,749 (STEVEN T BENSON, PRESIDENT AND CEO).
- How much revenue does MUSIC CENTER FOUNDATION have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $14,852,023, expenses of $9,084,745 and total assets of $314,072,066 at year end.
Other nonprofits in LOS ANGELES
- CRYSTAL STAIRS INC EIN 95-3510046 · last filed 990 for 2025
- LOS ANGELES PHILHARMONIC ASSOCIATION EIN 95-1696734 · last filed 990 for 2025
- MUSEUM ASSOCIATES EIN 95-2264067 · last filed 990 for 2025
- LUCAS MUSEUM OF NARRATIVE ART EIN 45-5600818 · last filed 990-PF for 2024
- LOS ANGELES COUNTY MUSEUM OF NATURAL HISTORY FOUNDATION EIN 95-6132185 · last filed 990 for 2025
- PERFORMING ARTS CENTER OF LOS ANGELES COUNTY EIN 95-2217011 · last filed 990 for 2025
- THE COLBURN SCHOOL EIN 95-2501387 · last filed 990 for 2025
- LOS ANGELES OPERA COMPANY EIN 95-2096402 · last filed 990 for 2025
All nonprofits in LOS ANGELES · California · Arts, culture and humanities