Civic Intelligence

Namm Foundation a Not-For-Profit Corporation

990 • Fiscal year 2020 • EIN 33-0797657

Oct 01, 2019 to Sep 30, 2020 • Filed on Feb 02, 2021

Organization Profilewww.nammfoundation.org
5790 Armada DriveCarlsbad, CA 92008

(760) 438-8001

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

31st percentile

0.07x

Higher debt load relative to assets than 31% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

71st percentile

0.64x

Higher debt load relative to revenue than 71% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

4th percentile

-82%

Higher net margin than 4% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

6th percentile

-9.9%

Faster asset growth than 6% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

4th percentile

-63%

Faster revenue growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets31st percentile

Assets

Down

$10,996,876

Down $1,209,892 (-9.9%) from 2019

Net Assets

Down

$10,180,623

Down $1,037,910 (-9.3%) from 2019

Liabilities

Down

$816,253

Down $171,982 (-17%) from 2019

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin4th percentile

Revenue

Down

$1,270,328

Down $2,141,317 (-63%) from 2019

Expenses

Down

$2,308,237

Down $616,567 (-21%) from 2019

Net Income

Down

-$1,037,909

Down $1,524,750 (-313%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $1,710,675Liabilities 2010: $889,344Net Assets 2010: $821,3312010Assets 2011: $1,621,613Liabilities 2011: $716,763Net Assets 2011: $904,8502011Assets 2012: $1,755,417Liabilities 2012: $693,202Net Assets 2012: $1,062,2152012Assets 2013: $7,388,919Liabilities 2013: $584,637Net Assets 2013: $6,804,2822013Assets 2014: $8,782,275Liabilities 2014: $578,441Net Assets 2014: $8,203,8342014Assets 2015: $7,550,091Liabilities 2015: $648,043Net Assets 2015: $6,902,0482015Assets 2016: $8,776,947Liabilities 2016: $575,253Net Assets 2016: $8,201,6942016Assets 2017: $10,737,676Liabilities 2017: $941,087Net Assets 2017: $9,796,5892017Assets 2018: $11,427,198Liabilities 2018: $695,506Net Assets 2018: $10,731,6922018Assets 2019: $12,206,768Liabilities 2019: $988,235Net Assets 2019: $11,218,5332019Assets 2020: $10,996,876Liabilities 2020: $816,253Net Assets 2020: $10,180,6232020Assets 2021: $11,139,064Liabilities 2021: $723,276Net Assets 2021: $10,415,7882021Assets 2022: $9,939,918Liabilities 2022: $844,832Net Assets 2022: $9,095,0862022Assets 2023: $10,284,481Liabilities 2023: $573,391Net Assets 2023: $9,711,0902023Assets 2024: $10,923,679Liabilities 2024: $152,209Net Assets 2024: $10,771,4702024

Highlighted filing

2020

Assets$10,996,876
Liabilities$816,253
Net Assets$10,180,623
Open 2020 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2010: $2,179,4732010Expenses 2011: $1,722,7502011Expenses 2012: $2,016,0152012Expenses 2013: $1,746,4892013Revenue 2014: $3,673,039Expenses 2014: $2,273,487Net Income 2014: $1,399,5522014Revenue 2015: $1,645,376Expenses 2015: $2,947,162Net Income 2015: -$1,301,7862015Revenue 2016: $3,934,276Expenses 2016: $2,634,630Net Income 2016: $1,299,6462016Revenue 2017: $4,532,024Expenses 2017: $2,937,129Net Income 2017: $1,594,8952017Revenue 2018: $3,451,104Expenses 2018: $2,849,446Net Income 2018: $601,6582018Revenue 2019: $3,411,645Expenses 2019: $2,924,804Net Income 2019: $486,8412019Revenue 2020: $1,270,328Expenses 2020: $2,308,237Net Income 2020: -$1,037,9092020Revenue 2021: $2,742,162Expenses 2021: $2,506,997Net Income 2021: $235,1652021Revenue 2022: $116,333Expenses 2022: $2,536,756Net Income 2022: -$2,420,4232022Revenue 2023: $2,435,164Expenses 2023: $1,819,160Net Income 2023: $616,0042023Revenue 2024: $2,489,971Expenses 2024: $1,430,392Net Income 2024: $1,059,5792024

Highlighted filing

2020

Revenue$1,270,328
Expenses$2,308,237
Net Income-$1,037,909
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Feb 2, 2021
Return Version
2019v5.0
Gross Receipts
$1,299,159
Mission and Program Overview

Mission

Advancing active participation in music making across the lifespan by supporting scientific research, philanthropic giving and public service programs from the international music products industry and providing a museum to display historical treasures in music.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,602,388$4,945,420▲ $343,032
Savings and Temporary Cash Investments$5,540,717$4,450,042▼ $1,090,675
Cash and Non-Interest-Bearing Accounts$627,805$750,625▲ $122,820
Land, Buildings, and Equipment, Net$147,689$78,193▼ $69,496
Inventories for Sale or Use$43,111$45,537▲ $2,426
Prepaid Expenses and Deferred Charges$662,425$41,377▼ $621,048
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$12,206,768$10,996,876▼ $1,209,892
Other Assets Total$582,633$685,682▲ $103,049
Liabilities
Grants Payable$637,577$721,605▲ $84,028
Accounts Payable and Accrued Expenses$350,658$94,648▼ $256,010
Total Liabilities$988,235$816,253▼ $171,982
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,635,900$9,494,941▼ $1,140,959
Net Assets With Donor Restrictions$582,633$685,682▲ $103,049
Total Net Assets Fund Balance$11,218,533$10,180,623▼ $1,037,910
Total Liabilities and Net Assets / Fund Balance$12,206,768$10,996,876▼ $1,209,892

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$78,193$953,696$1,031,889
Other Assets Org$685,682--
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Joel MencheyChair
Joseph M LamondPresident & CEO
Tom BedellVice Chair
Bernie WilliamsDirector
Derek MurphyController
Chuck SurackSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$590,770
Program Service Revenue
$291,925
Investment Income
$352,358
Other Revenue
$35,275
All Other Contributions
$566,609
Change in Net Assets
$-1,037,909

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,270,328
Total Revenue per Audited Statements
$1,270,328
Total Revenue per Form 990
$1,270,328
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,768,737
Grants and Similar Amounts Paid$539,500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$389,500--$389,500
Fees for Services Other$225,616--$225,616
Other Expenses$193,200--$193,200
Foreign Grants$150,000--$150,000
All Other Expenses$115,896--$115,896
Advertising$83,215--$83,215
Depreciation Depletion$73,266--$73,266
Travel$51,328--$51,328
Fees for Services Legal-$7,905-$7,905
Fees for Services Accounting-$4,000-$4,000
Total Functional Expenses$2,296,332$11,905$0$2,308,237

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,308,237
Total Expenses per Audited Statements$2,308,237
Total Expenses per Form 990$2,308,237
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Nat String Proj ConCarlsbad, CA--$40,000
Guitars in the ClassroomCarlsbad, CA--$30,000
Mr Hollands OpusCarlsbad, CA--$30,000
SD Youth SmphyCarlsbad, CA--$30,000
Little Kids RockCarlsbad, CA--$25,000
Technology Institute for MusiCarlsbad, CA--$25,000
Dallas Wind SymphonyCarlsbad, CA--$20,000
Guitars and Access MarketingCarlsbad, CA--$20,000
Perc Arts SocietyCarlsbad, CA--$20,000
Perc Marketing CounCarlsbad, CA--$20,000
Save the MusicCarlsbad, CA--$20,000
Young AudiencesCarlsbad, CA--$20,000
Music Haven IncCarlsbad, CA--$15,000
Songwriting With SoldiersCarlsbad, CA--$15,000
The Sphinx OrganizationCarlsbad, CA--$15,000
UCLA Healing Arts and HealingCarlsbad, CA--$15,000
Engage IncCarlsbad, CA--$10,000
Baltimore SymphonyCarlsbad, CA--$7,500
Nat Piano FndCarlsbad, CA--$7,000

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“As the Foundation supports and shares board members with NAMM, a tax-exempt organization with an exempt mission of strengthening the music products industry and promoting the pleasure and benefit of making music. The Foundations board of directors is comprised of individuals associated with the music products industry. As the Foundation's board of directors are associated with the music products industry, officers and directors may do business transactions with each other in the normal course of business. These are normal transactions that may occur between a supplier and a customer. An example of this is a retailer buying musical instruments from a manufacturer of musical instruments. The retailer buys musical instruments from many manufacturers. A board member may be a retailer and another board member may be a manufacturer.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Reviewed by the Board of Directors or Executive committee. A copy of the 990 is sent to the Board and Executive Committee via NAMM's website prior to submission to the IRS.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The Organization monitors any potential conflict of interest by circulating a disclosure questionnaire annually to its Board of Directors, officers and key employees. If a conflict is found, it is resolved so that ultimately the conflict is removed.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The Foundation does not provide direct compensation to any officer or director.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The NAMM Foundation complies with the public inspection requirements of Internal Revenue Code section 6104 by making it's form 1023, Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code, determination letter from the IRS, and the Forms 990 for its three most recently completed tax periods available to the public. However, as section 6104 does not require organizations exempt under 501(c)(3) to disclose their governing documents, conflict of interest policies, or financial statements, the NAMM Foundation does not make such information available for public inspection.”

Filing and Contact Details

Filer

Filer Name
NAMM Foundation
EIN
33-0797657
Phone
7604388001
Address
5790 Armada Drive, Carlsbad, CA 92008

Signing Officer

Name
Joseph M Lamond
Title
President & CEO
Signed
2021-02-02
Discuss with paid preparer
Yes

Organization Details

Formed
1997
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
0
Employees
0
Volunteers
75

Preparer

Firm
Allan Rosenthal & Assoc AC
Address
4766 Park Granada Suite 101, Calabasas, CA 91302
Preparer
Allan Rosenthal
Phone
8185911550
Supplemental Narrative

Additional Explanations

Client Note 1

“Client Note 1 - Schedule A, Line 13Name of Supported OrganizationNational Association of Music Merchants, Inc. (An organizationdescribed in Sec. 501(c)(6) that would be a line 12 organization,above, if it were a charitable organization described in Sec.501(c)(3).”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Rounding = -$1”

Financial Statement Notes

Part III, Line 1A: If organization elected under SFAS 116 to not report are, historical treasures, O

“In accordance with the practice commonly followed by museums, all items donated to the collection are included in net assets at no value. Contributions for purchase of objects for the collection are reported as non-operating support, the cost of all collection objects purchased, and the proceeds from deaccessions of collection objects are reported as non-operating items in the statement of activities.”

Part X : FIN48 Footnote

“The provisions of Accounting Standards Codification (ASC) 740-10 and related subsections prescribes rules for the recognition, classification and disclosure in financial statements of uncertain tax positions taken or expected to be taken in the Foundations tax return. Management has determined that the Foundation does not have any uncertain tax positions and associated unrecognized benefits that materially impact the financial statements or related disclosures.”

Raw XML AppendixShowing 400 of 686 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0350658
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt094648
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Advancing active participation in music making across the lifespan by supporting scientific research, philanthropic giving and public service programs from the international music products industry and providing a museum to display historical treasures in music.
IRS990/AdvertisingGrp/ProgramServicesAmt083215
IRS990/AdvertisingGrp/TotalAmt083215
IRS990/AllOtherContributionsAmt0566609
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0115896
IRS990/AllOtherExpensesGrp/TotalAmt0115896
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Derek Murphy
IRS990/BooksInCareOfDetail/PhoneNum07604388007
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05790 Armada Drive
IRS990/BooksInCareOfDetail/USAddress/CityNm0Carlsbad
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0920084608
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0627805
IRS990/CashNonInterestBearingGrp/EOYAmt0750625
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0true
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CostOfGoodsSoldAmt028831
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0590770
IRS990/CYGrantsAndSimilarPaidAmt0539500
IRS990/CYInvestmentIncomeAmt0352358
IRS990/CYOtherExpensesAmt01768737
IRS990/CYOtherRevenueAmt035275
IRS990/CYProgramServiceRevenueAmt0291925
IRS990/CYRevenuesLessExpensesAmt0-1037909
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt02308237
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01270328
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt073266
IRS990/DepreciationDepletionGrp/TotalAmt073266
IRS990/Desc0Music Education - Educating the public about music and encouraging young and old in amateur music making. Place music education articles in regional and local print and broadcastmedia outlets. NAMM Foundation's goals are to build credibility for music and music education, especially at an early age, and to expand that portion of the American population that enjoys and makes its own music, and that supports music and the arts and understands their value in education.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0true
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0582633
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0685682
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01535652
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt04000
IRS990/FeesForServicesAccountingGrp/TotalAmt04000
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt07905
IRS990/FeesForServicesLegalGrp/TotalAmt07905
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0225616
IRS990/FeesForServicesOtherGrp/TotalAmt0225616
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/ProgramServicesAmt0150000
IRS990/ForeignGrantsGrp/TotalAmt0150000
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0Joseph M Lamond
IRS990/Form990PartVIISectionAGrp/PersonNm1Chuck Surack
IRS990/Form990PartVIISectionAGrp/PersonNm2Tom Bedell
IRS990/Form990PartVIISectionAGrp/PersonNm3Bernie Williams
IRS990/Form990PartVIISectionAGrp/PersonNm4Joel Menchey
IRS990/Form990PartVIISectionAGrp/PersonNm5Derek Murphy
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5Controller
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantsPayableGrp/BOYAmt0637577
IRS990/GrantsPayableGrp/EOYAmt0721605
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0389500
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0389500
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01299159
IRS990/GrossRentsGrp/RealAmt09635
IRS990/GrossSalesOfInventoryAmt054471
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt043111
IRS990/InventoriesForSaleOrUseGrp/EOYAmt045537
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0352358
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0352358
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04602388
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04945420
IRS990/IRPDocumentCnt0209
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0953696
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0147689
IRS990/LandBldgEquipBasisNetGrp/EOYAmt078193
IRS990/LandBldgEquipCostOrOtherBssAmt01031889
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt024161
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Advancing active participation in music making across the lifespan by supporting scientific research, philanthropic giving and public service programs from the international music products industry and providing a museum to display historical treasures in music.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0true
IRS990/NetAssetsOrFundBalancesBOYAmt011218533
IRS990/NetAssetsOrFundBalancesEOYAmt010180623
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt025640
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt025640
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt09635
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt09635
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt010635900
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt09494941
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0582633
IRS990/OtherAssetsTotalGrp/EOYAmt0685682
IRS990/OtherChangesInNetAssetsAmt0-1
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Museum Expenses
IRS990/OtherExpensesGrp/Desc1Grant Administration Expense
IRS990/OtherExpensesGrp/Desc2Production Expenses
IRS990/OtherExpensesGrp/Desc3Sponsorships
IRS990/OtherExpensesGrp/ProgramServicesAmt0605680
IRS990/OtherExpensesGrp/ProgramServicesAmt1205141
IRS990/OtherExpensesGrp/ProgramServicesAmt2203490
IRS990/OtherExpensesGrp/ProgramServicesAmt3193200
IRS990/OtherExpensesGrp/TotalAmt0605680
IRS990/OtherExpensesGrp/TotalAmt1205141
IRS990/OtherExpensesGrp/TotalAmt2203490
IRS990/OtherExpensesGrp/TotalAmt3193200
IRS990/OtherRevenueMiscGrp/Desc0Restricted Other
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0662425
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt041377
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Membership Fees
IRS990/ProgramServiceRevenueGrp/Desc1Museum Admissions
IRS990/ProgramServiceRevenueGrp/Desc2Museum Other Income
IRS990/ProgramServiceRevenueGrp/Desc3Museum Revenue Prior
IRS990/ProgramServiceRevenueGrp/Desc4Museum Tuition
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt024161
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt163196
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt250758
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt368517
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt485293
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt024161
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt163196
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt250758
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt368517
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt485293
IRS990/ProgSrvcAccomActy2Grp/Desc0Museum of Making Music - Provide exhibits to the public showing the history of music products and benefits of music making.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0605680
IRS990/ProgSrvcAccomActy3Grp/Desc0Music Research - Fund research to encourage the study worldwide of music education and early childhood and the effects of music making on early childhood cognition, intelligence, behavior and wellness.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0155000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02629417
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt02045605
IRS990/PYInvestmentIncomeAmt0195368
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0879199
IRS990/PYOtherRevenueAmt060193
IRS990/PYProgramServiceRevenueAmt0526667
IRS990/PYRevenuesLessExpensesAmt0486841
IRS990/PYTotalExpensesAmt02924804
IRS990/PYTotalRevenueAmt03411645
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-1037909
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt09635
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05540717
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04450042
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgQualifiedInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtExclusivelySec170c2BInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The supported organization is NAMM, a 501(c)(6) trade association. At the time that the NAMM Foundation was originally formed, it was confirmed that NAMM met the public support test for such organization.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1The Foundation's board of directors monitors the support given to NAMM to determine that it meets the purposes of 170(c)(2)(B.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section A, Line 3b: Description Of When and How Organization Made The Determination
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part IV, Section A, Line 3c: Explain What Controls The Organization Put In Place
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0362026009
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0false
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0National Association of Music Merch
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CollUsedLoanOrExchProgInd0X
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DonorAdvisedFundsContriAmt0398192
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt0295142
IRS990ScheduleD/DonorAdvisedFundsHeldCnt08
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0685682
IRS990ScheduleD/ExpensesSubtotalAmt02308237
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0685682
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Restricted Cash
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt078193
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0953696
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01031889
IRS990ScheduleD/RevenueSubtotalAmt01270328
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0In accordance with the practice commonly followed by museums, all items donated to the collection are included in net assets at no value. Contributions for purchase of objects for the collection are reported as non-operating support, the cost of all collection objects purchased, and the proceeds from deaccessions of collection objects are reported as non-operating items in the statement of activities.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The provisions of Accounting Standards Codification (ASC) 740-10 and related subsections prescribes rules for the recognition, classification and disclosure in financial statements of uncertain tax positions taken or expected to be taken in the Foundations tax return. Management has determined that the Foundation does not have any uncertain tax positions and associated unrecognized benefits that materially impact the financial statements or related disclosures.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part III, Line 1a: If organization elected under SFAS 116 to not report are, historical treasures, o
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt078193
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0685682
IRS990ScheduleD/TotalExpensesPerForm990Amt02308237
IRS990ScheduleD/TotalRevenuePerForm990Amt01270328
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01270328
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02308237
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt040000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt115000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt230000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt325000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt430000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt510000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0Check
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1Check
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt2Check
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt3Check
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt4Check
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt5Check
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Further Music Mkng
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1Further Music Mkng
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt2Further Mus Making
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt3Further Mus Making
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt4Further Music Makg
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt5Further Music Makin
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0Australia
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1Brazil

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,996,876
Liabilities
$816,253
Net assets
$10,180,623
Revenue
$1,270,328
Expenses
$2,308,237
Net income
-$1,037,909
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.9$0.15$10.8$2.49$1.43$1.06
2023Detailed filing. Detailed filing data is available for this year.$10.3$0.57$9.71$2.44$1.82$0.62
2022Detailed filing. Detailed filing data is available for this year.$9.94$0.84$9.10$0.12$2.54$2.42
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.1$0.72$10.4$2.74$2.51$0.24
2020Detailed filing. Detailed filing data is available for this year.$11.0$0.82$10.2$1.27$2.31$1.04
2019Detailed filing. Detailed filing data is available for this year.$12.2$0.99$11.2$3.41$2.92$0.49
2018Detailed filing. Detailed filing data is available for this year.$11.4$0.70$10.7$3.45$2.85$0.60
2017Detailed filing. Detailed filing data is available for this year.$10.7$0.94$9.80$4.53$2.94$1.59
2016Detailed filing. Detailed filing data is available for this year.$8.78$0.58$8.20$3.93$2.63$1.30
2015Detailed filing. Detailed filing data is available for this year.$7.55$0.65$6.90$1.65$2.95$1.30
2014Detailed filing. Detailed filing data is available for this year.$8.78$0.58$8.20$3.67$2.27$1.40
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.39$0.58$6.80$1.75
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.76$0.69$1.06$2.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$0.72$0.90$1.72
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.89$0.82$2.18
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $10M-$25M nonprofits