AMERICAN COMPOSERS FORUM

EIN: 237452688 501(c)(3) Arts, Culture & Humanities

ST PAUL, MN

Total Revenue
$836,485
Total Expenses
$1,952,095
Total Assets
$9,322,826
Net Assets
$8,713,307
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
MN
Principal Officer
VANESSA ROSE
Phone
6122171315
Tax Period
2023-07-01 to 2024-06-30

AMERICAN COMPOSERS FORUM, founded in 1976, is a small nonprofit in the Arts, Culture & Humanities sector that reported $836K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 133% operating deficit.

Mission

ACF SUPPORTS AND ADVOCATES FOR INDIVIDUALS AND GROUPS CREATING MUSIC TODAY BY DEMONSTRATING THE VITALITY AND RELEVANCE OF THEIR ART. THE ORGANIZATION CONNECTS ARTISTS WITH COLLABORATORS, ORGANIZATIONS, AUDIENCES, AND RESOURCES. THROUGH STORYTELLING, PUBLICATIONS, RECORDINGS, HOSTED GATHERINGS, AND INDUSTRY LEADERSHIP, ACF ACTIVATES EQUITABLE OPPORTUNITIES FOR ARTISTS. ACF PROVIDES DIRECT FUNDING AND MENTORSHIP TO A BROAD AND DIVERSE FIELD OF MUSIC CREATORS, HIGHLIGHTING THOSE WHO HAVE BEEN HISTORICALLY EXCLUDED FROM PARTICIPATION.

Program Service Accomplishments

Program 1
Expenses: $1,177,871 Revenue: $58,525

ARTIST SERVICES:THE ORGANIZATION SUPPORTS AND ADVOCATES FOR MUSIC CREATORS AT MULTIPLE POINTS IN THEIR CREATIVE LIVES. THROUGH COMMISSIONS, FUNDING, RESOURCES, AND ADVANCEMENT, THE ORGANIZATION...

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ARTIST SERVICES:THE ORGANIZATION SUPPORTS AND ADVOCATES FOR MUSIC CREATORS AT MULTIPLE POINTS IN THEIR CREATIVE LIVES. THROUGH COMMISSIONS, FUNDING, RESOURCES, AND ADVANCEMENT, THE ORGANIZATION CULTIVATES A COMPOSER-CENTERED ECOSYSTEM FOR LIVING MUSIC. GRANTS PROVIDE SEED MONEY FOR THE DEVELOPMENT OF NEW WORK, UNRESTRICTED MONEY FOR MID-CAREER ARTISTS, AND COMMISSION SUPPORT.

Program 2

MEDIATHE ORGANIZATION IS THE HOME OF INNOVA RECORDINGS, A MUSIC LABEL THAT REPRESENTS A DIVERSE MIX OF WORK BY LIVING ARTISTS. DISTRIBUTED THROUGH NAXOS USA, THE CATALOG NUMBERS OVER 800 TITLES AND...

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MEDIATHE ORGANIZATION IS THE HOME OF INNOVA RECORDINGS, A MUSIC LABEL THAT REPRESENTS A DIVERSE MIX OF WORK BY LIVING ARTISTS. DISTRIBUTED THROUGH NAXOS USA, THE CATALOG NUMBERS OVER 800 TITLES AND IS FREQUENTLY FEATURED ON LEADING DIGITAL PLATFORMS SUCH AS ITUNES, APPLE MUSIC AND SPOTIFY. ACF IS ALSO HOME TO MULTIMEDIA HUB I CARE IF YOU LISTEN, WHICH PRESENTS A BLEND OF MUSIC CRITICISM, ARTIST PROFILES, ESSAYS, AND PLAYLISTS, AND ATTRACTS 18,000 MONTHLY PAGE VIEWS.

Program 3

ARTIST EQUITYGUIDED BY THE PUBLISHED "COMMITMENT TO RACIAL EQUITY," ACF HAS BEEN PURSUING FIVE-YEAR GOALS TO ACHIEVE GREATER RACIAL EQUITY ACROSS THE ORGANIZATION. WITHIN THE RACIAL EQUITY FRAMEWORK...

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ARTIST EQUITYGUIDED BY THE PUBLISHED "COMMITMENT TO RACIAL EQUITY," ACF HAS BEEN PURSUING FIVE-YEAR GOALS TO ACHIEVE GREATER RACIAL EQUITY ACROSS THE ORGANIZATION. WITHIN THE RACIAL EQUITY FRAMEWORK, ADDITIONAL INEQUITIES ARE ADDRESSED, INCLUDING BUT NOT LIMITED TO: GENDER, SEXUAL ORIENTATION, SOCIO-ECONOMIC STATUS, AND ABILITIES. PARTNERSHIPS AND PROGRAMS THAT BRING GREATER AWARENESS TO THESE INEQUITIES - AND MEANINGFUL OPPORTUNITIES TO ENGAGE WITH DIVERSE LIVING ARTISTS - CONTRIBUTE TO ADVANCING THE WORK IN THE FIELD.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $577,489
Program Service Revenue $58,525
Investment Income $200,471
Other Revenue $0
TOTAL REVENUE $836,485

Expense Breakdown

Grants Paid $236,960
Salaries & Benefits $1,098,142
Fundraising Expenses $232,341
Program Expenses $1,177,871
Other Expenses $616,993
TOTAL EXPENSES $1,952,095

Year-over-Year Comparison

2023 2022 Change
Revenue $836,485 $1,610,866 -0.5%
Expenses $1,952,095 $1,780,482 +0.1%
Net Income $-1,115,610 $-169,616 +5.6%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
17
Independent Members
16
Employees
14
Volunteers
19

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
$146,741
Total Directors
20
$146,741
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROL ANN CHEUNG SECRETARY 0.50
Officer Director
$0 $0 $0
DOUGLAS KEARNEY DIRECTOR 0.50
Director
$0 $0 $0
GAO HONG DIRECTOR 0.50
Director
$0 $0 $0
ISAAC THOMPSON DIRECTOR 0.50
Director
$0 $0 $0
KOVEN SMITH DIRECTOR 0.50
Director
$0 $0 $0
LUTHER RANHEIM DIRECTOR 0.50
Director
$0 $0 $0
MATEUSZ TROICKI DIRECTOR 0.50
Director
$0 $0 $0
NANCY HUART DIRECTOR 0.50
Director
$0 $0 $0
NIRMALA RAJASEKAR CO-CHAIR 0.50
Officer Director
$0 $0 $0
PATRICK CASTILLO DIRECTOR 0.50
Director
$0 $0 $0
SCOTT LEGERE VICE CHAIR 0.50
Officer Director
$0 $0 $0
VANESSA ROSE EXECUTIVE DIRECTOR 60.00
Officer Director
$130,171 $16,570 $146,741
KATHRINE HANDFORD DIRECTOR 0.50
Director
$0 $0 $0
LEE BYNUM CO-CHAIR 0.50
Officer Director
$0 $0 $0
DIANA SCHUTTER TREASURER 0.50
Officer Director
$0 $0 $0
DERRICK SKYE DIRECTOR 0.50
Director
$0 $0 $0
SARAH WILLIAMS DIRECTOR 0.50
Director
$0 $0 $0
PETER COLIN DIRECTOR 0.50
Director
$0 $0 $0
LOKI KARUNA DIRECTOR 0.50
Director
$0 $0 $0
KEVIN KWAN LOUCKS DIRECTOR 0.50
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 $836,485 $1,952,095 $9,322,826 $-1,115,610
2023 $1,610,866 $1,780,482 $9,563,629 $-169,616
2022 $1,393,403 $1,724,741 $9,023,516 $-331,338
2021 $1,034,445 $1,509,147 $10,856,448 $-474,702
2020 $1,975,627 $1,620,686 $9,452,588 $354,941
2019 $1,093,493 $1,603,970 $9,045,174 $-510,477
2018 $1,848,459 $1,490,715 $9,062,654 $357,744
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