The Bob Moog Memorial Foundation for Electronic Music

EIN: 205849794 501(c)(3) Arts, Culture & Humanities

Asheville, NC

Total Revenue
$830,148
Total Expenses
$761,498
Total Assets
$625,471
Net Assets
$371,972
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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
NC
Principal Officer
Michelle Moog-Koussa
Phone
8282158414
Tax Period
2023-01-01 to 2023-12-31

The Bob Moog Memorial Foundation for Electronic Music, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $830K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $761K left a modest 8% surplus.

Mission

The Bob Moog Foundation fosters creativity and critical thinking by providing interactive educational experiences drawn from Bob Moogs pioneering legacy of synthesizing science, music, and imagination. We provide hands-on, immersive opportunites for children and adults to explore and engage with the science of sound through Dr. Bobs SoundSchool and the Moogseum. Through these projects, we inspire the next generation of innovative thinkers.

Program Service Accomplishments

Program 1
Expenses: $623,363 Revenue: $110,028

In 2023, our hallmark education project, Dr. Bobs SoundSchool , once again served almost 3,000 students in 125 classrooms in the Asheville area, providing an innovative 10-week curriculum, teaching...

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In 2023, our hallmark education project, Dr. Bobs SoundSchool , once again served almost 3,000 students in 125 classrooms in the Asheville area, providing an innovative 10-week curriculum, teaching the science of sound through music and technology. We delivered over 30,000 individual lessons to two school districts. We continued development and investment of resources to create a custom theremin-based educational tool, the ThereScope, which, when ready to be manufactured, will allow us to serve children nationwide through our program.

Program 2

The preservation and expansion of the Bob Moog Foundation Archives continued as we added and restored numerous documents, correspondence, memorabilia, video, and important vintage instruments to our...

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The preservation and expansion of the Bob Moog Foundation Archives continued as we added and restored numerous documents, correspondence, memorabilia, video, and important vintage instruments to our collection, including but not limited to a vintage Crumar Spirit synthesizer, a rare R.A. Moog Troubador Theremin, and a rare MuSonics Minimoog. We developed detailed cataloging and labeling procedures for all archive materials. With a grant award from the National Endowment for the Humanities, we completed an extensive two-day preservation workshop that was led by a professional conservationist focused on best practices and prioritizing the needs of our collection.

Program 3

The Moogseum , a 1,400-square-foot interactive public-facing museum located in downtown Asheville, NC, opened on May 23, 2019. The Moogseum is comprised of 12 custom-designed experiential exhibits...

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The Moogseum , a 1,400-square-foot interactive public-facing museum located in downtown Asheville, NC, opened on May 23, 2019. The Moogseum is comprised of 12 custom-designed experiential exhibits, that were created to inspire and engage people of all ages and knowledge levels. The Moogseum sees over 10,000 visitors annually and is heralded locally, regionally, nationally, and internationally as one of the best museums of its kind. We have welcomed over 40,000 visitors to the Moogseum since its inception. In 2023, a Moogseum exhibit, the Timeline of Synthesis, was selected to be part of a 2024 Oregon State Universitys Sonic Boom exhibit and Herb Deutschs Minimoog was chosen to be exhibited at the Music America exhibition at the LBJ Presidential Library.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $270,843
Program Service Revenue $110,028
Investment Income $2,406
Other Revenue $446,871
TOTAL REVENUE $830,148

Expense Breakdown

Grants Paid $0
Salaries & Benefits $422,427
Fundraising Expenses $51,715
Program Expenses $623,363
Other Expenses $339,071
TOTAL EXPENSES $761,498

Year-over-Year Comparison

2023 2022 Change
Revenue $830,148 $599,797 +0.4%
Expenses $761,498 $696,481 +0.1%
Net Income $68,650 $-96,684 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
9
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$120,000
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michelle Moog-Koussa Executive Director 60.00
Officer
$120,000 $0 $120,000
David Mash Chair 5.00
Officer Director
$0 $0 $0
Daniel Keller Vice-Chair 5.00
Officer Director
$0 $0 $0
Marcus Ryle Co-Vice Chair 2.00
Officer Director
$0 $0 $0
Terence van Arkel Treasurer 2.00
Officer Director
$0 $0 $0
Jerry Kovarsky Secretary 2.00
Officer Director
$0 $0 $0
Chris Halaby Board Member 1.00
Director
$0 $0 $0
Henry Panion III Board Member 1.00
Director
$0 $0 $0
Sally Sparks Board Member 1.00
Director
$0 $0 $0
Yvonne Spicer Board Member 1.00
Director
$0 $0 $0
Michael Whalen Board Member 1.00
Director
$0 $0 $0
Marc Willis Board Member 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $830,148 $761,498 $625,471 $68,650
2022 $599,797 $696,481 $534,952 $-96,684
2021 $807,531 $589,095 $669,399 $218,436
2020 $401,866 $371,592 $358,664 $30,274
2019 $396,323 $463,479 $300,909 $-67,156
2018 $447,615 $257,730 $269,343 $189,885
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