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Employer Identification Number 23-7298290

THE MUSIC CENTER FOUNDATION is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:THE MUSIC CENTER FOUNDATION
Employer identification number (EIN):23-7298290
EIN TypeTrusts, Estates, and Non-Profit/Exempt Organizations under the Tax Equity and Fiscal Responsibility Act (TEFRA)
EIN Issuing AuthorityBrookhaven, NY
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations
401k Pension/Benefits registration THE MUSIC CENTER FOUNDATION 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code
State of IncorporationCalifornia, CA

Organization Overview

Mission StatementENDOWMENT MANAGEMENT AND FINANCIAL SUPPORT OF PROGRAMMING AT LOS ANGELES' MUSIC CENTER.
Number of Employees3
Number of Volunteers19
Year Formed1973

Organization Governance

Legal DomicileCA
Voting Members - Governing Body16
Voting Members - Independent16

Organization Financials

2023-03-31
Total unrelated business incomeUSD $ -13,561
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 16,508,629
Investment Income from current yearUSD $ 1,083,338
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 11,740,456
Net assets / fund balances at end of fiscal yearUSD $ 187,746,575
Net assets / fund balances at beginning of fiscal yearUSD $ 204,875,662
Total liabilities at end of fiscal yearUSD $ 97,372,371
Total liabilities at beginning of fiscal yearUSD $ 109,576,892
Total assets at end of fiscal yearUSD $ 285,118,946
Total assets at beginning of fiscal yearUSD $ 314,452,554
Revenues less expenses for current yearUSD $ -6,612,349
Revenues less expenses for previous yearUSD $ -5,144,692
Total expenses for current yearUSD $ 9,113,867
Total expenses for previous yearUSD $ 26,234,757
Other expenses in current yearUSD $ 312,886
Other expenses in previous yearUSD $ 240,778
Total fundraising expenses in current yearUSD $ 568,101
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 640,743
Employee salary and benefits paid in previous yearUSD $ 665,238
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 8,160,238
Grants and similar amounts paid in previous yearUSD $ 25,328,741
Total revenue in current fiscal yearUSD $ 2,501,518
Total revenue in previous fiscal yearUSD $ 21,090,065
Contributions and grants from current yearUSD $ 1,418,180
Contributions and grants from previous yearUSD $ 4,581,436
2022-03-31
Total unrelated business incomeUSD $ 105,098
Net unrelated business incomeUSD $ 27,377
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 7,913,620
Investment Income from current yearUSD $ 16,508,629
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 35,404,211
Net assets / fund balances at end of fiscal yearUSD $ 204,875,662
Net assets / fund balances at beginning of fiscal yearUSD $ 224,160,628
Total liabilities at end of fiscal yearUSD $ 109,576,892
Total liabilities at beginning of fiscal yearUSD $ 116,491,701
Total assets at end of fiscal yearUSD $ 314,452,554
Total assets at beginning of fiscal yearUSD $ 340,652,329
Revenues less expenses for current yearUSD $ -5,144,692
Revenues less expenses for previous yearUSD $ 158,995
Total expenses for current yearUSD $ 26,234,757
Total expenses for previous yearUSD $ 8,399,396
Other expenses in current yearUSD $ 240,778
Other expenses in previous yearUSD $ 303,969
Total fundraising expenses in current yearUSD $ 435,494
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 665,238
Employee salary and benefits paid in previous yearUSD $ 663,912
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 25,328,741
Grants and similar amounts paid in previous yearUSD $ 7,431,515
Total revenue in current fiscal yearUSD $ 21,090,065
Total revenue in previous fiscal yearUSD $ 8,558,391
Contributions and grants from current yearUSD $ 4,581,436
Contributions and grants from previous yearUSD $ 644,771
2021-03-31
Total unrelated business incomeUSD $ 5,502
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 1,531,117
Investment Income from current yearUSD $ 7,913,620
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 11,876,977
Net assets / fund balances at end of fiscal yearUSD $ 224,160,628
Net assets / fund balances at beginning of fiscal yearUSD $ 169,775,037
Total liabilities at end of fiscal yearUSD $ 116,491,701
Total liabilities at beginning of fiscal yearUSD $ 80,779,978
Total assets at end of fiscal yearUSD $ 340,652,329
Total assets at beginning of fiscal yearUSD $ 250,555,015
Revenues less expenses for current yearUSD $ 158,995
Revenues less expenses for previous yearUSD $ -4,735,547
Total expenses for current yearUSD $ 8,399,396
Total expenses for previous yearUSD $ 8,657,561
Other expenses in current yearUSD $ 303,969
Other expenses in previous yearUSD $ 342,077
Total fundraising expenses in current yearUSD $ 465,279
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 663,912
Employee salary and benefits paid in previous yearUSD $ 672,314
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 7,431,515
Grants and similar amounts paid in previous yearUSD $ 7,643,170
Total revenue in current fiscal yearUSD $ 8,558,391
Total revenue in previous fiscal yearUSD $ 3,922,014
Contributions and grants from current yearUSD $ 644,771
Contributions and grants from previous yearUSD $ 2,390,897
2020-03-31
Total unrelated business incomeUSD $ -15,173
Net unrelated business incomeUSD $ -15,173
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 5,027,060
Investment Income from current yearUSD $ 1,531,117
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 20,455,491
Net assets / fund balances at end of fiscal yearUSD $ 169,775,037
Net assets / fund balances at beginning of fiscal yearUSD $ 186,866,800
Total liabilities at end of fiscal yearUSD $ 80,779,978
Total liabilities at beginning of fiscal yearUSD $ 98,632,044
Total assets at end of fiscal yearUSD $ 250,555,015
Total assets at beginning of fiscal yearUSD $ 285,498,844
Revenues less expenses for current yearUSD $ -4,735,547
Revenues less expenses for previous yearUSD $ -2,898,589
Total expenses for current yearUSD $ 8,657,561
Total expenses for previous yearUSD $ 9,103,620
Other expenses in current yearUSD $ 342,077
Other expenses in previous yearUSD $ 664,873
Total fundraising expenses in current yearUSD $ 480,114
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 672,314
Employee salary and benefits paid in previous yearUSD $ 661,776
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 7,643,170
Grants and similar amounts paid in previous yearUSD $ 7,776,971
Total revenue in current fiscal yearUSD $ 3,922,014
Total revenue in previous fiscal yearUSD $ 6,205,031
Contributions and grants from current yearUSD $ 2,390,897
Contributions and grants from previous yearUSD $ 1,177,971
2019-03-31
Total unrelated business incomeUSD $ 137,771
Net unrelated business incomeUSD $ 61,838
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 3,761,879
Investment Income from current yearUSD $ 5,027,060
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 6,205,031
Net assets / fund balances at end of fiscal yearUSD $ 186,866,800
Net assets / fund balances at beginning of fiscal yearUSD $ 191,157,607
Total liabilities at end of fiscal yearUSD $ 98,632,044
Total liabilities at beginning of fiscal yearUSD $ 111,563,437
Total assets at end of fiscal yearUSD $ 285,498,844
Total assets at beginning of fiscal yearUSD $ 302,721,044
Revenues less expenses for current yearUSD $ -2,898,589
Revenues less expenses for previous yearUSD $ -1,280,919
Total expenses for current yearUSD $ 9,103,620
Total expenses for previous yearUSD $ 8,510,837
Other expenses in current yearUSD $ 664,873
Other expenses in previous yearUSD $ 684,082
Total fundraising expenses in current yearUSD $ 658,406
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 661,776
Employee salary and benefits paid in previous yearUSD $ 622,587
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 7,776,971
Grants and similar amounts paid in previous yearUSD $ 7,204,168
Total revenue in current fiscal yearUSD $ 6,205,031
Total revenue in previous fiscal yearUSD $ 7,229,918
Contributions and grants from current yearUSD $ 1,177,971
Contributions and grants from previous yearUSD $ 3,468,039
2018-03-31
Total unrelated business incomeUSD $ 464,265
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 2,681,888
Investment Income from current yearUSD $ 3,761,879
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 7,229,918
Net assets / fund balances at end of fiscal yearUSD $ 191,157,607
Net assets / fund balances at beginning of fiscal yearUSD $ 176,643,094
Total liabilities at end of fiscal yearUSD $ 111,563,437
Total liabilities at beginning of fiscal yearUSD $ 258,573,617
Total assets at end of fiscal yearUSD $ 302,721,044
Total assets at beginning of fiscal yearUSD $ 435,216,711
Revenues less expenses for current yearUSD $ -1,280,919
Revenues less expenses for previous yearUSD $ -3,003,382
Total expenses for current yearUSD $ 8,510,837
Total expenses for previous yearUSD $ 7,702,956
Other expenses in current yearUSD $ 684,082
Other expenses in previous yearUSD $ 231,055
Total fundraising expenses in current yearUSD $ 748,491
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 622,587
Employee salary and benefits paid in previous yearUSD $ 570,182
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 7,204,168
Grants and similar amounts paid in previous yearUSD $ 6,901,719
Total revenue in current fiscal yearUSD $ 7,229,918
Total revenue in previous fiscal yearUSD $ 4,699,574
Contributions and grants from current yearUSD $ 3,468,039
Contributions and grants from previous yearUSD $ 2,017,686
2017-03-31
Total unrelated business incomeUSD $ 100,565
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 3,423,674
Investment Income from current yearUSD $ 2,681,888
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 4,699,574
Net assets / fund balances at end of fiscal yearUSD $ 176,643,094
Net assets / fund balances at beginning of fiscal yearUSD $ 165,647,532
Total liabilities at end of fiscal yearUSD $ 258,573,617
Total liabilities at beginning of fiscal yearUSD $ 241,782,463
Total assets at end of fiscal yearUSD $ 435,216,711
Total assets at beginning of fiscal yearUSD $ 407,429,995
Revenues less expenses for current yearUSD $ -3,003,382
Revenues less expenses for previous yearUSD $ -1,174,027
Total expenses for current yearUSD $ 7,702,956
Total expenses for previous yearUSD $ 8,093,908
Other expenses in current yearUSD $ 231,055
Other expenses in previous yearUSD $ 674,392
Total fundraising expenses in current yearUSD $ 350,773
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 570,182
Employee salary and benefits paid in previous yearUSD $ 507,684
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 6,901,719
Grants and similar amounts paid in previous yearUSD $ 6,911,832
Total revenue in current fiscal yearUSD $ 4,699,574
Total revenue in previous fiscal yearUSD $ 6,919,881
Contributions and grants from current yearUSD $ 2,017,686
Contributions and grants from previous yearUSD $ 3,496,207
2016-03-31
Total unrelated business incomeUSD $ 252,220
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 3,448,194
Investment Income from current yearUSD $ 3,423,674
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 6,919,881
Net assets / fund balances at end of fiscal yearUSD $ 165,647,532
Net assets / fund balances at beginning of fiscal yearUSD $ 171,807,713
Total liabilities at end of fiscal yearUSD $ 241,782,463
Total liabilities at beginning of fiscal yearUSD $ 256,381,055
Total assets at end of fiscal yearUSD $ 407,429,995
Total assets at beginning of fiscal yearUSD $ 428,188,768
Revenues less expenses for current yearUSD $ -1,174,027
Revenues less expenses for previous yearUSD $ -1,239,971
Total expenses for current yearUSD $ 8,093,908
Total expenses for previous yearUSD $ 7,304,504
Other expenses in current yearUSD $ 674,392
Other expenses in previous yearUSD $ 344,214
Total fundraising expenses in current yearUSD $ 552,395
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 507,684
Employee salary and benefits paid in previous yearUSD $ 481,648
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 6,911,832
Grants and similar amounts paid in previous yearUSD $ 6,478,642
Total revenue in current fiscal yearUSD $ 6,919,881
Total revenue in previous fiscal yearUSD $ 6,064,533
Contributions and grants from current yearUSD $ 3,496,207
Contributions and grants from previous yearUSD $ 2,616,339
2015-03-31
Total unrelated business incomeUSD $ 124,316
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 12,237,782
Investment Income from current yearUSD $ 3,448,194
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 6,064,533
Net assets / fund balances at end of fiscal yearUSD $ 171,807,713
Net assets / fund balances at beginning of fiscal yearUSD $ 164,125,497
Total liabilities at end of fiscal yearUSD $ 256,381,055
Total liabilities at beginning of fiscal yearUSD $ 253,911,599
Total assets at end of fiscal yearUSD $ 428,188,768
Total assets at beginning of fiscal yearUSD $ 418,037,096
Revenues less expenses for current yearUSD $ -1,239,971
Revenues less expenses for previous yearUSD $ 8,132,587
Total expenses for current yearUSD $ 7,304,504
Total expenses for previous yearUSD $ 6,636,176
Other expenses in current yearUSD $ 344,214
Other expenses in previous yearUSD $ 53,316
Total fundraising expenses in current yearUSD $ 355,133
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 481,648
Employee salary and benefits paid in previous yearUSD $ 469,559
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 6,478,642
Grants and similar amounts paid in previous yearUSD $ 6,113,301
Total revenue in current fiscal yearUSD $ 6,064,533
Total revenue in previous fiscal yearUSD $ 14,768,763
Contributions and grants from current yearUSD $ 2,616,339
Contributions and grants from previous yearUSD $ 2,530,981

Other Company Names associated with EIN

MUSIC CENTER FOUNDATION

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 237298290

USA Location Address
135 NORTH GRAND AVENUE
LOS ANGELES
CA
90012
Date first seen: 2007-01-01
Date last seen: 2024-08-29
USA Mailing Address
135 NORTH GRAND AVE
LOS ANGELES
CA
900123013
Date first seen: 2014-02-15
Date last seen: 2024-03-18

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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