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Nonprofit · EIN 81-0561953

AUSTIN MUSIC FOUNDATION INC

Tax-exempt · AUSTIN, TX 78704

Financials

$198K$192K2023
Revenue Expenses · by fiscal year end
Financials of AUSTIN MUSIC FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990-EZ$197,838$192,349$5,489$54,133–$54,133
Financial details: 990-EZ for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$184,885
Program service revenue
$12,625
Other revenue
$328

Expenses

Compensation of officers, directors and key employees
$60,480
Salaries, compensation and benefits (total)
$96,786
Professional fees and payments to contractors
$63,075
Occupancy
$1,896
Other expenses
$30,592
Program services (functional)
$134,117

Balance sheet and other

Total assets, start of year
$73,413
Total assets, end of year
$54,133
Total liabilities, end of year
–
Net assets, end of year
$54,133
Cash, savings and investments
$18,181
Land and buildings
$35,145
Gross receipts
$197,838

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-EZ for the year ended December 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
Jennifer DugasExec Director40$60,480
Adam NealChair1$0
Alex VallejoVice Chair1$0
Danny GillespieExec Committee1$0
Amy LombardiExec Committee1$0
Bryan BarksdaleDirector1$0
Michael DickinsonDirector1$0
V Mark FortDirector1$0
Tom GimbelDirector1$0
Hannah HagerDirector1$0
Christopher HarrisonDirector1$0
Kevin HaydenDirector1$0
Bruce HughesDirector1$0
Kevin KettlerDirector1$0
Jake NishimuraDirector1$0
8 more people on this return
NameTitleHours / weekCompensation
Matt ReillyDirector1$0
Rebecca ReynoldsDirector1$0
Robert SanchezDirector1$0
Kathleen SeidersDirector1$0
Michael SheehanDirector1$0
Emily SkeenDirector1$0
Michael StarrDirector1$0
Lawrence TempleDirector1$0

Address and contacts

Address (IRS master file)
3903 S CONGRESS AVE UNIT 40610, AUSTIN, TX 78704-0226
In care of
% COLIN KENDRICK
Signed the 990-EZ
Danny Gillespie, Exec Committee
Phone
(512) 542-0077
Return prepared by
Dunagan Jack LLP

Mission

Austin Music Foundation's mission is to strengthen and connect the local music industry and community with innovative programs that empower music professionals and music businesses within Austin's creative economy by offering innovative career-development and music-business education programs for musicians.

990-EZ for the year ended December 31, 2023

Program accomplishments

  • The Austin Music Foundation (AMF) offers free education specifically tailored to today's music business climate. With expert panels, consultations, mentoring and networking events, AMF's programs provide the necessary tools and opportunities to help the Austin music industry succeed.The Creative Media Center (CMC) Artist Development Program provides musicians with the advanced knowledge and tools they need to navigate the music industry and build their careers. The CMC Artist Development consists of three components: panels, workshops, and networking events; career consultations; and the Artist Development Program. Leaders in Austin Music (LIAM) is a six-month program designed by the Austin Music Foundation and the Economic Development Department's Music & Entertainment Division. This program will provide participants with top-level music industry leadership effectiveness training for existing leaders in the Austin music community. The class will be comprised of about 18 individuals, and the program will focus on exploring solution-oriented initiatives regarding the music industry's pressing issues and opportunities as well as increasing cross-industry collaboration opportunities with other creative industries in Austin.Music Industry Collaborative (MIC) is an applicant based mentoring program designed for active entrepreneurs with existing music-related businesses. The mentoring program will fast track resources that busy music entrepreneurs most urgently need: meaningful dialogue with real-life entrepreneurial mentors in a structured small group setting that also encourages peer-to-peer assistance. MIC offers focused workshops on core topics that are essential for the music business entrepreneur to leverage strengths, overcome challenges and gain valuable resources.
    Expenses $134,117

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, 2025Not on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
81-0561953
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
2004
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$54,133
Income (IRS master file)
$197,838

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2023$197,838$192,349$54,133XML
990-EZDecember 2022–––IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 81-0561953).

Questions about AUSTIN MUSIC FOUNDATION INC

What is the EIN of AUSTIN MUSIC FOUNDATION INC?
The employer identification number (EIN) of AUSTIN MUSIC FOUNDATION INC is 81-0561953.
Is AUSTIN MUSIC FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
Are donations to AUSTIN MUSIC FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AUSTIN MUSIC 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 AUSTIN MUSIC 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 AUSTIN MUSIC FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2023.
Who are the officers and directors of AUSTIN MUSIC FOUNDATION INC?
The 990-EZ for the year ended December 31, 2023 lists 23 people; 1 received compensation from the organization, the highest $60,480 (Jennifer Dugas, Exec Director).
How much revenue does AUSTIN MUSIC FOUNDATION INC have?
On its 990-EZ for the year ended December 31, 2023 it reported revenue of $197,838, expenses of $192,349 and total assets of $54,133 at year end.

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