Civic Intelligence

Namm Foundation a Not-For-Profit Corporation

990 • Fiscal year 2022 • EIN 33-0797657

Oct 01, 2021 to Sep 30, 2022 • Filed on Feb 20, 2023

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

43rd percentile

0.08x

Higher debt load relative to assets than 43% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

96th percentile

7.26x

Higher debt load relative to revenue than 96% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

1st percentile

-2081%

Higher net margin than 1% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

17th percentile

-11%

Faster asset growth than 17% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

1st percentile

-96%

Faster revenue growth than 1% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Down

$9,939,918

Down $1,199,146 (-11%) from 2021

Net Assets

Down

$9,095,086

Down $1,320,702 (-13%) from 2021

Liabilities

Up

$844,832

Up $121,556 (+17%) from 2021

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin1st percentile

Revenue

Down

$116,333

Down $2,625,829 (-96%) from 2021

Expenses

Up

$2,536,756

Up $29,759 (+1.2%) from 2021

Net Income

Down

-$2,420,423

Down $2,655,588 (-1129%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth17th 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

2022

Assets$9,939,918
Liabilities$844,832
Net Assets$9,095,086
Open 2022 Filing

Operations Trend

Revenue Growth1st 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

2022

Revenue$116,333
Expenses$2,536,756
Net Income-$2,420,423
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Feb 20, 2023
Return Version
2021v4.1
Gross Receipts
$165,253
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$6,356,695$5,059,412▼ $1,297,283
Savings and Temporary Cash Investments$4,052,174$3,211,020▼ $841,154
Land, Buildings, and Equipment, Net$13,994$1,021,160▲ $1,007,166
Cash and Non-Interest-Bearing Accounts$171,407$191,957▲ $20,550
Inventories for Sale or Use$38,791$40,630▲ $1,839
Prepaid Expenses and Deferred Charges$117,608$35,166▼ $82,442
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$11,139,064$9,939,918▼ $1,199,146
Other Assets Total$388,395$380,573▼ $7,822
Liabilities
Accounts Payable and Accrued Expenses$306,026$474,957▲ $168,931
Grants Payable$417,250$369,875▼ $47,375
Total Liabilities$723,276$844,832▲ $121,556
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,027,393$8,714,513▼ $1,312,880
Net Assets With Donor Restrictions$388,395$380,573▼ $7,822
Total Net Assets Fund Balance$10,415,788$9,095,086▼ $1,320,702
Total Liabilities and Net Assets / Fund Balance$11,139,064$9,939,918▼ $1,199,146

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,021,160$1,111,890$2,133,050
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Joseph M LamondPresident & CEO
Chuck SurackVice Chairman
Dinah GretschVice Chairman
Bernie WilliamsDirector
Derek MurphyCFO
Tom SumnerChariman
Susan LippSecretary-Treas
Revenue and Support

Revenue Composition

Contributions and Grants
$1,359,233
Program Service Revenue
$0
Investment Income
$-1,288,437
Other Revenue
$45,537
All Other Contributions
$1,308,778
Change in Net Assets
$-2,420,423

Audited Revenue Reconciliation

Revenue per Audited Statements
$116,333
Total Revenue per Audited Statements
$116,333
Total Revenue per Form 990
$116,333
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,947,895
Grants and Similar Amounts Paid$588,861
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$480,361--$480,361
Advertising$142,684$267-$142,951
Fees for Services Other$115,643$18,930-$134,573
Foreign Grants$108,500--$108,500
Depreciation Depletion-$93,995-$93,995
Other Expenses$59,883--$59,883
Travel$28,326--$28,326
All Other Expenses$12,434$7,821-$20,255
Information Technology$20,000--$20,000
Fees for Services Legal-$13,482-$13,482
Fees for Services Accounting-$4,000-$4,000
Total Functional Expenses$2,398,261$138,495$0$2,536,756

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,536,756
Total Expenses per Audited Statements$2,536,756
Total Expenses per Form 990$2,536,756
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Nat String Proj ConCarlsbad, CA--$50,000
Guitars and Access MarketingCarlsbad, CA--$40,000
Perc Marketing CounCarlsbad, CA--$40,000
Guitars in the ClassroomCarlsbad, CA--$30,000
Tech Inst for Music EducatorsCarlsbad, CA--$25,000
Little Kids RockCarlsbad, CA--$22,500
Mr Hollands OpusCarlsbad, CA--$22,500
SD Youth SmphyCarlsbad, CA--$22,500
Perc Arts SocietyCarlsbad, CA--$20,000
Save the MusicCarlsbad, CA--$20,000
Young AudiencesCarlsbad, CA--$20,000
Dallas Wind SymphonyCarlsbad, CA--$17,500
Music Haven IncCarlsbad, CA--$10,000
Songwriting With SoldiersCarlsbad, CA--$10,000
Sphinx OrganizationCarlsbad, CA--$10,000
Nat Piano FndCarlsbad, CA--$7,500
Baltimore SymphonyCarlsbad, CA--$6,500

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
2023-02-20
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 and Associates AC
Address
4766 Park Granada Ste 101, Calabasas, CA 91302
Preparer
Allan Rosenthal
Phone
8185911550
Supplemental Narrative

Additional Explanations

Statement 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 Increases

“Museum Rennovation = $1099721”

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.”

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IRS990/InformationTechnologyGrp/TotalAmt020000
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt038791
IRS990/InventoriesForSaleOrUseGrp/EOYAmt040630
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0-1288437
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0-1288437
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IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt05059412
IRS990/IRPDocumentCnt074
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt01021160
IRS990/LandBldgEquipCostOrOtherBssAmt02133050
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt050455
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/NetAssetsOrFundBalancesBOYAmt010415788
IRS990/NetAssetsOrFundBalancesEOYAmt09095086
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt045537
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt045537
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt010027393
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt08714513
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0388395
IRS990/OtherAssetsTotalGrp/EOYAmt0380573
IRS990/OtherChangesInNetAssetsAmt01099721
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Museum Expenses
IRS990/OtherExpensesGrp/Desc1Production Expenses
IRS990/OtherExpensesGrp/Desc2Sponsorships
IRS990/OtherExpensesGrp/Desc3Grant Administration Expense
IRS990/OtherExpensesGrp/ProgramServicesAmt01112856
IRS990/OtherExpensesGrp/ProgramServicesAmt1197050
IRS990/OtherExpensesGrp/ProgramServicesAmt2120524
IRS990/OtherExpensesGrp/ProgramServicesAmt359883
IRS990/OtherExpensesGrp/TotalAmt01112856
IRS990/OtherExpensesGrp/TotalAmt1197050
IRS990/OtherExpensesGrp/TotalAmt2120524
IRS990/OtherExpensesGrp/TotalAmt359883
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IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
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IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0117608
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt035166
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/ProgSrvcAccomActy2Grp/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/ProgSrvcAccomActy2Grp/ExpenseAmt0696544
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/ExpenseAmt0588861
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01314588
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0805854
IRS990/PYInvestmentIncomeAmt01413407
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01701143
IRS990/PYOtherRevenueAmt014167
IRS990/PYRevenuesLessExpensesAmt0235165
IRS990/PYTotalExpensesAmt02506997
IRS990/PYTotalRevenueAmt02742162
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-2420423
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04052174
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03211020
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/DonorAdvisedFundsContriAmt0141191
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt0196351
IRS990ScheduleD/DonorAdvisedFundsHeldCnt010
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0380573
IRS990ScheduleD/ExpensesSubtotalAmt02536756
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01021160
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01111890
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02133050
IRS990ScheduleD/RevenueSubtotalAmt0116333
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
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IRS990ScheduleD/TotalExpensesPerForm990Amt02536756
IRS990ScheduleD/TotalRevenuePerForm990Amt0116333
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0116333
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02536756
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt030000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt110000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt220000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt320000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt420000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt58500
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
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt2Canada
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt3France
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt4United Kingdom
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt5United Kingdom

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,939,918
Liabilities
$844,832
Net assets
$9,095,086
Revenue
$116,333
Expenses
$2,536,756
Net income
-$2,420,423
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