Overview

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Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

SAVE OUR MUSICIANS FOUNDATION INC is a 501(c)(3) nonprofit organization focused on empowering independent musicians, founded in 2021. With an operating budget of $6.8 million and total revenue of $176.1K for the 2024 filing year, the organization provides a holistic approach to artist development, offering performance opportunities and support to foster growth at every stage of a musician's career. The foundation does not rely on a single funder for 50% or more of its revenue and is committed to uniting communities through the transformative power of music. For more information, visit savemourmusicians.org.

Mission Statement

THE SAVE OUR MUSICIANS FOUNDATION (SOMF) IS A PASSIONATE 501(C)(3) NON-PROFIT DEDICATED TO EMPOWERING THE INDEPENDENT MUSICIAN. THE ORGANIZATION WAS INITIALLY FOUNDED IN 2021 WITH THE GOAL OF HELPING MUSICIANS THROUGH A CHALLENGING POST-PANDEMIC PERIOD WHERE OPPORTUNITIES TO BOOK LIVE GIGS BECAME VIRTUALLY NON-EXISTENT. OUR MISSION HAS SINCE EVOLVED TO A MORE COMPREHENSIVE APPROACH TOWARDS ADDRESSING THE CHALLENGES FACED BY ASPIRING INDEPENDENT MUSICIANS. WHILE THE CORE OF OUR NON-PROFIT ACTIVITIES CENTER AROUND SHOWCASING TALENT THROUGH LIVE GIGS AND PERFORMANCE OPPORTUNITIES, WE ALSO PROVIDE A WHOLISTIC APPROACH TOWARDS THE VARIOUS FACETS OF ARTIST DEVELOPMENT AND FOSTER GROWTH AT EVERY STAGE OF A MUSICIAN'S CAREER. WE BELIEVE MUSIC IS A TRANSFORMATIVE FORCE THAT UNITES COMMUNITIES AND IGNITES POSITIVE CHANGE. BY FOSTERING A SUPPORTIVE ECOSYSTEM, WE CULTIVATE ARTISTIC GROWTH, PROPEL CAREERS, AND CHAMPION THE FUTURE OF MUSIC.
Revenues
$176.1K
Expenses
$6.8M
Net Income:
-$6.7M
Assets
$527.3K
Liabilities
$354.7K
Net Assets:
+$172.6K
Operating Budget
$6.8M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$5M
Largest grant received
$5M
D
Dennis Cunningham
Board Member
F
Felicia Cunningham
Board Member
C
Christian Demers
Board Member

Frequently Asked Questions

What is SAVE OUR MUSICIANS FOUNDATION INC’s budget?
In 2024, SAVE OUR MUSICIANS FOUNDATION INC reported an annual operating budget of around $6.8 million. More detailed financial information is available to registered users.
What causes does SAVE OUR MUSICIANS FOUNDATION INC support?
SAVE OUR MUSICIANS FOUNDATION INC supports work in Arts and culture.
Where does SAVE OUR MUSICIANS FOUNDATION INC operate?
SAVE OUR MUSICIANS FOUNDATION INC is headquartered in Jupiter, FL.
Who funded SAVE OUR MUSICIANS FOUNDATION INC recently?
In 2024, SAVE OUR MUSICIANS FOUNDATION INC received grants from THE PETER DEGEORGE CHARITABLE TRUST, THE PETER DEGEORGE CHARITABLE TRUST, and BUSCH FAMILY FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant SAVE OUR MUSICIANS FOUNDATION INC received in 2024?
The largest grant to SAVE OUR MUSICIANS FOUNDATION INC in 2024 exceeds $5 million.