Nonprofit · EIN 87-1288977
MUSICS PROMISE
Tax-exempt · BROOKLYN, NY 11201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,341,886 | $1,144,210 | $197,676 | $303,812 | $0 | $303,812 |
| December 31, 2023 | 990 | $598,422 | $496,311 | $102,111 | $106,136 | $0 | $106,136 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $809,563
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- $532,323
- Other revenue
- $532,323
Expenses
- Grants and similar amounts paid
- $914,891
- Compensation of officers, directors and key employees
- $150,000
- Salaries, compensation and benefits (total)
- $164,124
- Professional fundraising fees
- $0
- Legal fees
- $4,275
- Accounting fees
- $4,675
- Travel
- $4,469
- Program services (functional)
- $914,891
- Management and general (functional)
- $229,319
Balance sheet and other
- Total assets, start of year
- $106,136
- Total assets, end of year
- $303,812
- Total liabilities, end of year
- $0
- Net assets, end of year
- $303,812
- Net assets without donor restrictions
- $303,812
- Gross receipts
- $1,439,468
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2022
- 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 |
|---|---|---|---|
| GREG PLAGE | PRESIDENT Trustee or director, Officer | 40 | $150,000 |
| MEREDITH CROY | DIRECTOR Trustee or director | 5 | $0 |
| JP EVANGELISTA | DIRECTOR Trustee or director | 5 | $0 |
| JEREMY HOLGERSEN | DIRECTOR Trustee or director | 5 | $0 |
| MIKE MORI | DIRECTOR Trustee or director | 5 | $0 |
| RICH SCHAEFER | DIRECTOR Trustee or director | 5 | $0 |
| DAN SHULMAN | SECRETARY/GENERAL COUNSEL Officer | 20 | $0 |
| BUTCH GAGE | TREASURER Officer | 20 | $0 |
| SANDRA RICHARDS | VICE CHAIRWOMAN Officer | 20 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREG PLAGE | PRESIDENT Trustee or director, Officer | 40 | $132,692 |
| MEREDITH CROY | DIRECTOR Trustee or director | 5 | $0 |
| JP EVANGELISTA | DIRECTOR Trustee or director | 5 | $0 |
| JEREMY HOLGERSEN | DIRECTOR Trustee or director | 5 | $0 |
| MIKE MORI | DIRECTOR Trustee or director | 5 | $0 |
| RICH SCHAEFER | DIRECTOR Trustee or director | 5 | $0 |
| DAN SHULMAN | SECRETARY/GENERAL COUNSEL Officer | 20 | $0 |
| BUTCH GAGE | TREASURER Officer | 20 | $0 |
| SANDRA RICHARDS | VICE CHAIRWOMAN Officer | 20 | $0 |
Address and contacts
- Address (IRS master file)
- CO CFG-NY 45 MAIN STREET SUITE 7, BROOKLYN, NY 11201-0000
- In care of
- % EISNER LLP DANIEL SHULMAN
- Principal officer (990 for 2024)
- GREG PLAGE, C/O CFG-NY 45 MAIN STREET SUITE 712, BROOKLYN, NY 11201
- Signed the 990
- GREG PLAGE, PRESIDENT
- Phone
- (718) 395-2077
- Website
- MUSICSPROMISE.ORG
- Return prepared by
- VAN DUYNE BRUNO & CO PA
Mission
MUSIC'S PROMISES IS A MUSIC INDUSTRY'S SOCIAL RESPONSIBILITY PROGRAM, ADDRESSING IMPORTANT SOCIAL ISSUES IN THE U.S. AND AROUND THE WORLD. THEY PROVIDE THE INFRASTRUCTURE FOR ARTISTS AND MUSIC COMPANIES TO SUPPORT CAUSES THAT ARE IMPORTANT TO THEM.
Program accomplishments
- DONATIONS TO SUPPORT ARTISTS AND MUSIC COMPANIES CAUSES WITH SOCIAL ISSUESExpenses $914,891 · grants $914,891
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 on file |
IRS record
- EIN
- 87-1288977
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A68)
- Assets (IRS master file)
- $303,812
- Income (IRS master file)
- $1,439,468
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,341,886 | $1,144,210 | $303,812 | XML |
| 990 | December 2023 | $598,422 | $496,311 | $106,136 | XML |
| 990 | December 2022 | $384,147 | $361,624 | $4,025 | IRS |
| 990-EZ | December 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 87-1288977).
Questions about MUSICS PROMISE
- What is the EIN of MUSICS PROMISE?
- The employer identification number (EIN) of MUSICS PROMISE is 87-1288977.
- Is MUSICS PROMISE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to MUSICS PROMISE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MUSICS PROMISE 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 MUSICS PROMISE 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 MUSICS PROMISE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MUSICS PROMISE?
- The 990 for the year ended December 31, 2024 names GREG PLAGE.
- Who are the officers and directors of MUSICS PROMISE?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $150,000 (GREG PLAGE, PRESIDENT).
- How much revenue does MUSICS PROMISE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,341,886, expenses of $1,144,210 and total assets of $303,812 at year end.
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All nonprofits in BROOKLYN · New York · Arts, culture and humanities