Nonprofit · EIN 84-4651476
GROUPMUSE FOUNDATION INC
Tax-exempt · NEW YORK, NY 10013
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $233,034 | $146,635 | $86,399 | $135,956 | $3,930 | $132,026 |
| December 31, 2023 | 990-EZ | $163,710 | $122,912 | $40,798 | $49,813 | $571 | $49,242 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $225,852
- of which government grants
- $36,150
- Program service revenue
- $7,181
- Investment income
- $1
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $105,750
- Compensation of officers, directors and key employees
- $16,360
- Salaries, compensation and benefits (total)
- $16,360
- Professional fundraising fees
- $0
- Accounting fees
- $323
- Program services (functional)
- $141,090
- Management and general (functional)
- $5,545
Balance sheet and other
- Total assets, start of year
- $49,813
- Total assets, end of year
- $135,956
- Total liabilities, end of year
- $3,930
- Net assets, end of year
- $132,026
- Net assets without donor restrictions
- $29,533
- Net assets with donor restrictions
- $102,493
- Gross receipts
- $233,034
- Employees
- 1
- Year formed
- 2020
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mosa Tsay | Executive Dir. Officer | 20 | $16,360 |
| Anjali Banthia | Director Trustee or director | 1 | $0 |
| Samuel Bodkin | Director Trustee or director | 1 | $0 |
| Helen Beekman | Director Trustee or director | 1 | $0 |
| Eliot R Jenkins | Director Trustee or director | 2 | $0 |
| Adam Lasnik | Secretary Trustee or director, Officer | 1 | $0 |
| Steven Payne | Director Trustee or director | 1 | $0 |
| George Spera | Director Trustee or director | 1 | $0 |
| Vidya Sridhar | Director Trustee or director | 1 | $0 |
| Naoya Kanai | Director Trustee or director | 1 | $0 |
| Kofi Hayford | Chairman Trustee or director, Officer | 1 | $0 |
| Francesco Cardello | Treasurer Trustee or director, Officer | 1 | $0 |
990-EZ for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Anjali Banthia | Director | 1 | $0 |
| Samuel Bodkin | Director | 1 | $0 |
| Helen Beekman | Director | 1 | $0 |
| Eliot R Jenkins | Chairman | 2 | $0 |
| Adam Lasnik | Secretary | 1 | $0 |
| Benjamin Linder | Director | 1 | $0 |
| Steven Payne | Treasurer | 1 | $0 |
| George Spera | Director | 1 | $0 |
| Adrian Silver | Director | 1 | $0 |
| Vidya Sridhar | Director | 1 | $0 |
| Naoya Kanai | Director | 1 | $0 |
| Kofi Hayford | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 447 BROADWAY 2ND FLOOR 222, NEW YORK, NY 10013-2562
- Signed the 990
- Francesco Cardello, Treasurer
- Phone
- (646) 389-5310
- Website
- www.groupmuse.org
- Return prepared by
- Chad Shultz CPA PA
Mission
To expand classical music to be more inclusive and vibrant by empowering musicians through financial, technological, and career support.
Program accomplishments
- Financial support for 500+ musicians and 597 concertsExpenses $129,090 · grants $105,750
- Career support to musicians: Created new part-time administrative roles for 8 musicians on Musician CouncilExpenses $12,000
- Planetary Music Movement series featuring artists of African descent.revenue $7,181
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 84-4651476
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A27)
- Assets (IRS master file)
- $135,956
- Income (IRS master file)
- $233,034
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $233,034 | $146,635 | $135,956 | XML |
| 990-EZ | December 2023 | $163,710 | $122,912 | $49,813 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | 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 84-4651476).
Questions about GROUPMUSE FOUNDATION INC
- What is the EIN of GROUPMUSE FOUNDATION INC?
- The employer identification number (EIN) of GROUPMUSE FOUNDATION INC is 84-4651476.
- Is GROUPMUSE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to GROUPMUSE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GROUPMUSE 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 GROUPMUSE 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 GROUPMUSE 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 are the officers and directors of GROUPMUSE FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $16,360 (Mosa Tsay, Executive Dir.).
- How much revenue does GROUPMUSE FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $233,034, expenses of $146,635 and total assets of $135,956 at year end.
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