Overview

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Closed

This organization is considered closed as of 2017. Impala made this determination because the organization is listed as revoked by the IRS, has not filed Form 990s in 5+ years, and no longer appears in the EO Business Master File or Pub78 List.

Note: The closure year reflects the IRS revocation effective date. Revocation typically follows three years of non-filing, so the organization may have ceased operations earlier.

Est.

1988

Fiscal Year Start

Apr 1

Organization Type

Grantseeker

990s

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2017
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2016
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2015
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AI Summary

The Naras Foundation, identified by EIN 95-3199223, is a nonprofit organization dedicated to supporting the educational and preservation-related charitable goals of The National Academy of Recording Arts & Sciences, Inc. (NARAS). With an operating budget of $2.3 million and total revenue of $2.9 million for the 2017 filing year, the foundation operates within the arts council sector. It does not rely on a single funder for 50% or more of its revenue, ensuring a diversified funding base. For more information, visit their website at www.grammy.com.

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Mission Statement

To Support educational and preservation-related charitable goals of THE NATIONAL ACADEMY OF RECORDING ARTS & SCIENCES, INC. (NARAS).

Cause Areas

1
Arts councils
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Financials

2017
Revenues
$2.9M
Expenses
$2.4M
Net Income:
+$561.8K
Assets
$0
Liabilities
$0
Net Assets:
+$0

Financial Trends

2017
Operating Budget
$2.3M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Not in Business Master File
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Listed as revoked
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Top Funders

Funder
Total Funding
Funding Share
NATIONAL ACADEMY OF RECORDING ARTS & SCIENCES INC
Santa Monica, CA, US
$21.4M
35%
CALIFORNIA COMMUNITY FOUNDATION
Los Angeles, CA, US
$830.4M
< 1%
FORD PHILANTHROPY
Dearborn, MI, US
$116.5M
< 1%

Grants Received

2018
Total No. of Grants
1
Median grant size
$200K
Largest grant received
$200K

Board & Team

S
Scott Goldman
Board Member
N
Neil Portnow
Board Member
P
Pamela Alexander
Board Member

Frequently Asked Questions

What is THE NARAS FOUNDATION’s budget?
In 2017, THE NARAS FOUNDATION reported an annual operating budget of around $2.3 million. More detailed financial information is available to registered users.
What causes does THE NARAS FOUNDATION support?
THE NARAS FOUNDATION supports work in Arts councils.
Where does THE NARAS FOUNDATION operate?
THE NARAS FOUNDATION is headquartered in Santa Monica, CA.
Who funded THE NARAS FOUNDATION recently?
In 2018, THE NARAS FOUNDATION received grants from CALIFORNIA COMMUNITY FOUNDATION, NATIONAL ACADEMY OF RECORDING ARTS & SCIENCES INC, and BEST BUY FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant THE NARAS FOUNDATION received in 2018?
The largest grant to THE NARAS FOUNDATION in 2018 exceeds $200 thousand.