THE GREAT AMERICAN SONGBOOK FOUNDATION INC

EIN: 260620716 501(c)(3) Arts, Culture & Humanities

CARMEL, IN

Total Revenue
$1,799,389
Total Expenses
$1,904,602
Total Assets
$9,015,864
Net Assets
$8,737,639
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
IN
Principal Officer
JEFFREY MCDERMOTT
Phone
3178449446
Tax Period
2024-07-01 to 2025-06-30

THE GREAT AMERICAN SONGBOOK FOUNDATION INC, founded in 2008, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. Net assets of $8.7M represent 58 months of operating reserves.

Mission

TO INSPIRE AND EDUCATE BY CELEBRATING THE GREAT AMERICAN SONGBOOK.

Program Service Accomplishments

Program 1
Expenses: $673,634 Revenue: $0

MUSEUM AND ARCHIVE ACTIVITIES:THE GREAT AMERICAN SONGBOOK FOUNDATION MAINTAINS THE SONGBOOK LIBRARY & ARCHIVES, A VAST AND GROWING RESOURCE CONTAINING RECORDINGS, ARRANGEMENTS, IMAGES, MEMORABILIA...

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MUSEUM AND ARCHIVE ACTIVITIES:THE GREAT AMERICAN SONGBOOK FOUNDATION MAINTAINS THE SONGBOOK LIBRARY & ARCHIVES, A VAST AND GROWING RESOURCE CONTAINING RECORDINGS, ARRANGEMENTS, IMAGES, MEMORABILIA, PERSONAL PAPERS AND OTHER ITEMS FROM THE 20TH CENTURY FOUNDATIONAL ERA OF AMERICAN POPULAR MUSIC. THE LIBRARY & ARCHIVES WAS ESTABLISHED TO PRESERVE THE PHYSICAL ARTIFACTS OF THE GREAT AMERICAN SONGBOOK'S CREATORS AND PERFORMERS FOR THE EDUCATION AND BENEFIT OF CURRENT AND FUTURE GENERATIONS. THE FACILITY ALSO INCLUDES A REFERENCE LIBRARY AND STUDY SPACE FOR RESEARCHERS STUDYING THE MUSIC AND THE CULTURE IT HAS INSPIRED.IN ADDITION, THE GREAT AMERICAN SONGBOOK EXHIBIT GALLERY OPEN TO THE PUBLIC IS A MULTIMEDIA EDUCATIONAL CENTER WITH ROTATING EXHIBITS DISPLAYING PIECES FROM THE ARCHIVES. AS A CULTURAL AFFILIATE OF THE LOS ANGELES-BASED GRAMMY MUSEUM, THE SONGBOOK FOUNDATION IS AMONG A HANDFUL OF INSTITUTIONS WORLDWIDE THAT COLLABORATE ON EXHIBITIONS, EDUCATIONAL INITIATIVES, RESEARCH PROGRAMS, INTERNSHIP OPPORTUNITIES, TECHNICAL SUPPORT AND MORE.THE FOUNDATION'S EVENTUAL GOAL IS TO ESTABLISH A FREESTANDING SONGBOOK HALL OF FAME MUSEUM TO HOUSE ITS COLLECTIONS AND PRESENT INTERACTIVE EXHIBITIONS THAT CELEBRATE THE ONGOING IMPORTANCE OF POPULAR MUSIC.

Program 2
Expenses: $495,269 Revenue: $41,236

COMMUNITY EDUCATION AND OUTREACH:THE FOUNDATION HAS DEVELOPED EFFECTIVE EDUCATION AND OUTREACH PROGRAMS TO INTRODUCE PEOPLE OF ALL AGES TO THE MUSIC AND COMPOSERS OF THE GREAT AMERICAN SONGBOOK IN...

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COMMUNITY EDUCATION AND OUTREACH:THE FOUNDATION HAS DEVELOPED EFFECTIVE EDUCATION AND OUTREACH PROGRAMS TO INTRODUCE PEOPLE OF ALL AGES TO THE MUSIC AND COMPOSERS OF THE GREAT AMERICAN SONGBOOK IN THE CONTEXT OF AMERICAN HISTORY AND CULTURE. THE ANNUAL SONGBOOK ACADEMY IS A LEADING MUSIC AND PERFORMANCE INTENSIVE FOR HIGH SCHOOL VOCALISTS THAT IS DEDICATED TO THE MUSIC OF BROADWAY, HOLLYWOOD MUSICALS AND THE TIN PAN ALLEY ERA OF THE EARLY TO MID-20TH CENTURY. STUDENTS FROM AROUND THE COUNTRY APPLY FOR THE OPPORTUNITY TO LEARN AND PERFORM UNDER THE GUIDANCE OF BROADWAY PERFORMERS, MUSIC INDUSTRY PROFESSIONALS AND EDUCATORS FROM RESPECTED UNIVERSITY MUSIC AND THEATER PROGRAMS. TO ACCOMPANY ITS PHYSICAL COLLECTIONS AND ON-SITE PROGRAMMING, THE FOUNDATION HAS DEVELOPED TRAVELING EXHIBITS THAT ARE AVAILABLE FREE TO COMMUNITY GROUPS AND A ROBUST MENU OF VIRTUAL PROGRAMMING AND ONLINE RESOURCES INCLUDING DIGITAL EXHIBITIONS, COLLECTIONS HIGHLIGHTS, VIDEO TOURS, ACTIVITY KITS, EDUCATIONAL MATERIALS AND MORE.THE FOUNDATION'S PERFECT HARMONY PROGRAM IS A MUSIC RESOURCE THAT PROVIDES CARE PARTNERS WITH APPROPRIATE GENERATIONAL MUSIC AND ACTIVITIES TO ENGAGE OLDER ADULTS IN SHARED EXPERIENCES. PERFECT HARMONY OFFERS A UNIQUE OPPORTUNITY FOR SOCIAL AND MUSICAL ENGAGEMENT AND PROMOTES HOLISTIC WELL-BEING THROUGH MUSIC BY OFFERING MONTHLY VIDEO RESOURCES AND THEMED MUSIC ACTIVITIES FOR INDIVIDUAL AND GROUP SETTINGS. PERFECT HARMONY CONSULTS WITH A BOARD-CERTIFIED MUSIC THERAPIST FOR EXPERT GUIDANCE AND FEEDBACK ON ALL MUSICAL RESOURCES.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,609,177
Program Service Revenue $41,236
Investment Income $148,976
Other Revenue $0
TOTAL REVENUE $1,799,389

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,152,720
Fundraising Expenses $419,686
Program Expenses $1,168,903
Other Expenses $751,882
TOTAL EXPENSES $1,904,602

Year-over-Year Comparison

2024 2023 Change
Revenue $1,799,389 $1,082,639 +0.7%
Expenses $1,904,602 $1,765,211 +0.1%
Net Income $-105,213 $-682,572 -0.8%
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
22
Independent Members
22
Employees
9
Volunteers
39

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
7
$327,392
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DON GOTTWALD BOARD CHAIR 5.00
Officer Director
$0 $0 $0
LIBBY BROWN VICE CHAIR 2.00
Officer Director
$0 $0 $0
TORY PURVIS TREASURER 2.00
Officer Director
$0 $0 $0
ADAM ARCENEAUX SECRETARY 2.00
Officer Director
$0 $0 $0
BROOK BABCOCK BOARD MEMBER 1.00
Director
$0 $0 $0
STAN BURTON BOARD MEMBER 1.00
Director
$0 $0 $0
ROLLIN DICK BOARD MEMBER 1.00
Director
$0 $0 $0
TERRENCE FLANNERY BOARD MEMBER 1.00
Director
$0 $0 $0
PEGGY FORD BOARD MEMBER 1.00
Director
$0 $0 $0
STAN HURT BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN KELLY BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN KELSEY BOARD MEMBER 1.00
Director
$0 $0 $0
VIVIANA KOUKOULOMATIS BOARD MEMBER 1.00
Director
$0 $0 $0
ANDY MARX BOARD MEMBER 1.00
Director
$0 $0 $0
JIM MONEY BOARD MEMBER 1.00
Director
$0 $0 $0
JASON NOYAN BOARD MEMBER 1.00
Director
$0 $0 $0
IZABELA OZDEMIR BOARD MEMBER 1.00
Director
$0 $0 $0
TONY ROBERTSON BOARD MEMBER 1.00
Director
$0 $0 $0
LAURIE SILER BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID STIRSMAN BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE WELLS BOARD MEMBER 1.00
Director
$0 $0 $0
JILL ZANIKER BOARD MEMBER 1.00
Director
$0 $0 $0
DOUG COOK BOARD MEMBER (RESIGNED 12/31/24) 1.00
Director
$0 $0 $0
JEFFREY MCDERMOTT PRESIDENT/CEO 10.00
Officer
$91,064 $13,824 $104,888
JEFF STEEG COO 4.00
Officer
$17,100 $4,212 $21,312
CHRIS LEWIS GASF DIRECTOR 40.00
Officer
$157,189 $44,003 $201,192
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 $1,799,389 $1,904,602 $9,015,864 $-105,213
2024 $1,082,639 $1,765,211 $8,634,313 $-682,572
2023 $2,079,593 $1,564,124 $8,444,844 $515,469
2022 $1,441,715 $1,258,961 $8,944,393 $182,754
2021 $1,302,837 $1,731,313 $9,097,813 $-428,476
2020 $1,752,306 $1,839,814 $10,782,328 $-87,508
2019 $1,627,663 $2,123,993 $15,648,922 $-496,330
2018 $16,320,718 $1,402,556 $16,282,881 $14,918,162
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