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Nonprofit · EIN 93-4128743

FOUNDATION FOR INDEPENDENT MUSIC INC

Tax-exempt · NEW YORK, NY 10002

Financials

$0$02023$1.1M$980K2024
Revenue Expenses · by fiscal year end
Financials of FOUNDATION FOR INDEPENDENT MUSIC INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$1,082,004$980,281$101,723$310,822$209,099$101,723
June 30, 2024990$0$0$0$5,000$5,000$0
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$1,082,004
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$10,996
Program services (functional)
$965,217
Management and general (functional)
$15,064

Balance sheet and other

Total assets, start of year
$5,000
Total assets, end of year
$310,822
Total liabilities, end of year
$209,099
Net assets, end of year
$101,723
Gross receipts
$1,082,004
Employees
0
Volunteers
0
Year formed
2023
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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
WILSON FULLERBOARD MEMBER
Trustee or director
0$0
NABIL AYERSBOARD SECRETARY
Trustee or director
0$0
TONY KIEWELBOARD MEMBER
Trustee or director
0$0
HAYS RUDOLPHBOARD MEMBER
Trustee or director
0$0
MARY JUREYBOARD MEMBER
Trustee or director
0$0
TONY ALEXANDERBOARD TREASURER
Trustee or director
0$0
ZENA WHITEBOARD MEMBER
Trustee or director
0$0
DEE DIAZBOARD MEMBER
Trustee or director
0$0
JASON PETERSONADVISORY BOARD
Trustee or director
0$0
KRISTIN EPSTEINADVISORY BOARD
Trustee or director
0$0
STEVEN HILLBOARD CHAIRPERSON
Trustee or director
0$0
LOUIS POSENBOARD MEMBER
Trustee or director
0$0
TERRY MCBRIDEBOARD MEMBER
Trustee or director
0$0
JANA HERTZENADVISORY BOARD
Trustee or director
0$0
GLEN BARROSADVISORY BOARD
Trustee or director
0$0
1 more people on this return
NameTitleHours / weekCompensation
DR RICHARD JAMES BURGESSPRESIDENT & CEO
Officer
40$0
990 for the year ended June 30, 2024: 18 people
NameTitleHours / weekCompensation
WILSON FULLERBOARD MEMBER
Trustee or director
0$0
NABIL AYERSBOARD MEMBER
Trustee or director
0$0
TONY KIEWELBOARD MEMBER
Trustee or director
0$0
HAYS RUDOLPHBOARD MEMBER
Trustee or director
0$0
HEATHER JOHNSONBOARD CHAINPERSON
Trustee or director
0$0
MARY JUREYBOARD MEMBER
Trustee or director
0$0
TONY ALEXANDERBOARD SECRETARY
Trustee or director
0$0
MARIAH CZAPBOARD MEMBER
Trustee or director
0$0
VIC ZARAYABOARD TREASURER
Trustee or director
0$0
ZENA WHITEBOARD MEMBER
Trustee or director
0$0
DEE DIAZBOARD MEMBER
Trustee or director
0$0
JENNIFER NEWMAN SHARPEADVISORY BOARD
Trustee or director
0$0
JASON PETERSONADVISORY BOARD
Trustee or director
0$0
KRISTIN EPSTEINADVISORY BOARD
Trustee or director
0$0
STEVE KLINEADVISORY BOARD
Trustee or director
0$0
ELLIOTT PETERSADVISORY BOARD
Trustee or director
0$0
REED WATSONADVISORY BOARD
Trustee or director
0$0
DR RICHARD JAMES BURGESSPRESIDENT & CEO
Officer
40$0

Address and contacts

Address (IRS master file)
132 DELANCEY ST FL 2ND, NEW YORK, NY 10002-3325
In care of
% RICHARD JAMES BURGESS
Principal officer (990 for 2024)
DR RICHARD JAMES BURGESS, 132 DELANCEY ST FL 2ND, NEW YORK, NY 10002
Signed the 990
DR RICHARD JAMES BURGESS, PRESIDENT AND CEO
Phone
(213) 222-6765
Return prepared by
ROMANO & ASSOCIATES CPA'S PC

Mission

THE FOUNDATION FOR INDEPENDENT MUSIC, INC. IS DEDICATED TO FOSTERING THE GROWTH, SUSTAINABILITY, AND INNOVATION OF INDEPENDENT MUSIC AND BUSINESSES THROUGH EDUCATION AND INITIATIVES THAT EMPOWER DIVERSE VOICES AND EQUITABLE OPPORTUNITIES WITHIN THE MUSIC INDUSTRY

990 for the year ended June 30, 2025

Program accomplishments

  • THE LIBERA AWARDS IS THE ANNUAL AWARDS CEREMONY CELEBRATING ACHIEVEMENTS IN INDEPENDENT MUSIC PROMOTING VISIBILITY AND RECOGNITION ACROSS MULTIPLE CATEGORIES REFLECTING THE FULL INDEPENDENT MUSIC ECOSYSTEM
    Expenses $500,243 · revenue $515,099
  • INDIE WEEK IS THE LARGEST GATHERING OF THE INDEPENDENT MUSIC COMMUNITY WITH COMPREHENSIVE EDUCATIONAL PROGRAMMING TAILORED TO INDEPENDENT MUSIC STAKEHOLDERS
    Expenses $464,974 · revenue $566,905

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 June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
93-4128743
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type I
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2024
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$310,822
Income (IRS master file)
$1,082,004

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$1,082,004$980,281$310,822XML
990June 2024$0$0$5,000XML

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 93-4128743).

Questions about FOUNDATION FOR INDEPENDENT MUSIC INC

What is the EIN of FOUNDATION FOR INDEPENDENT MUSIC INC?
The employer identification number (EIN) of FOUNDATION FOR INDEPENDENT MUSIC INC is 93-4128743.
Is FOUNDATION FOR INDEPENDENT MUSIC INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
Are donations to FOUNDATION FOR INDEPENDENT MUSIC INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does FOUNDATION FOR INDEPENDENT MUSIC 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 FOUNDATION FOR INDEPENDENT MUSIC INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FOUNDATION FOR INDEPENDENT MUSIC INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of FOUNDATION FOR INDEPENDENT MUSIC INC?
The 990 for the year ended June 30, 2025 names DR RICHARD JAMES BURGESS.
Who are the officers and directors of FOUNDATION FOR INDEPENDENT MUSIC INC?
The 990 for the year ended June 30, 2025 lists 16 people; 0 received compensation from the organization.
How much revenue does FOUNDATION FOR INDEPENDENT MUSIC INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $1,082,004, expenses of $980,281 and total assets of $310,822 at year end.

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