MUSIC FORWARD

EIN: 450583417 501(c)(3) Arts, Culture & Humanities

BROOKLYN, NY

Total Revenue
$1,428,727
Total Expenses
$1,519,000
Total Assets
$1,258,498
Net Assets
$1,242,953
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
NY
Principal Officer
GRAHAM PARKER
Phone
3474575129
Tax Period
2023-01-01 to 2023-12-31

MUSIC FORWARD, founded in 2007, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

THE KNIGHTS ARE A GRAMMY-NOMINATED ORCHESTRAL COLLECTIVE OF MUSICIANS THAT SHARE THEIR LOVE OF MUSIC-MAKING WITH COMMUNITIES AROUND THE WORLD THROUGH PERFORMANCES, RECORDINGS, AND ENGAGEMENT PROGRAMS. THE KNIGHTS ARE DEDICATED TO TRANSFORMING THE ORCHESTRAL EXPERIENCE AND ELIMINATING BARRIERS BETWEEN AUDIENCES AND MUSIC. DRIVEN BY AN OPEN-MINDED SPIRIT OF CAMARADERIE AND EXPLORATION, THEY INSPIRE LISTENERS WITH VIBRANT CONCERTS ROOTED IN THE CLASSICAL TRADITION AND A PASSION FOR ARTISTIC DISCOVERY. THE KNIGHTS TOUR ANNUALLY THROUGHOUT THE UNITED STATES, WITH ALTERNATE-YEAR INTERNATIONAL TOURS IN EUROPE.THE KNIGHTS ARE COMMITED TO NUTURING THE NEXT GENERATION OF MUSIC-LOVERS AND TO CONNECTING WITH INDIVIDUALS OF ALL BACKGROUNDS AND AGES. THROUGH EDUCATION ACTIVITIES, THE KNIGHTS ENGAGE STUDENTS AND FAMILIES AND PROVIDE PROGRAMS THAT SPAN INTRODUCTIONS TO ORCHESTRAL MUSIC TO IN-DEPTH ENSEMBLE COACHING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $879,550
Program Service Revenue $544,633
Investment Income $4,544
Other Revenue $0
TOTAL REVENUE $1,428,727

Expense Breakdown

Grants Paid $0
Salaries & Benefits $604,741
Fundraising Expenses $197,216
Program Expenses $1,145,031
Other Expenses $914,259
TOTAL EXPENSES $1,519,000

Year-over-Year Comparison

2023 2022 Change
Revenue $1,428,727 $1,664,816 -0.1%
Expenses $1,519,000 $2,021,466 -0.2%
Net Income $-90,273 $-356,650 -0.7%
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
9
Independent Members
5
Employees
11
Volunteers
6

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
$318,008
Total Directors
11
$255,186
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GRAHAM PARKER CHAIR 2.00
Officer Director
$0 $0 $0
COLIN JACOBSEN ARTISTIC DIRECTOR 20.00
Officer Director
$88,594 $32,957 $121,551
ERIC JACOBSEN ARTISTIC DIRECTOR 20.00
Officer Director
$73,690 $0 $73,690
GUILLAUME CUVELIER TREASURER 2.00
Officer Director
$0 $0 $0
AUDREY FRANCIS SECRETARY 2.00
Officer Director
$0 $0 $0
MICHAEL ATKINSON SPECIAL ORCHESTRA LIAISON 2.00
Director
$16,875 $0 $16,875
MARIO GOTOH AS OF DEC 2023 MUSICIAN REPRESENTATIVE 2.00
Director
$19,695 $0 $19,695
MARK JACKSON BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHEN PERLES BOARD MEMBER 1.00
Director
$0 $0 $0
PAUL SEKHRI TO AUG 2023 BOARD MEMBER 2.00
Director
$0 $0 $0
CAITLIN SULLIVAN TO DEC 2023 MUSICIAN REPRESENTATIVE 2.00
Director
$23,375 $0 $23,375
BRIDGET MUNDY EXECUTIVE DIRECTOR 40.00
Officer
$102,236 $20,531 $122,767
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
2024 No data No data No data No data
2023 $1,428,727 $1,519,000 $1,258,498 $-90,273
2022 $1,664,816 $2,021,466 $1,293,211 $-356,650
2021 $2,219,896 $1,217,783 $1,883,651 $1,002,113
2020 $1,202,718 $978,658 $942,200 $224,060
2019 $2,010,230 $2,088,217 $728,557 $-77,987
2018 $1,474,230 $1,429,299 $669,995 $44,931
2018 $1,238,523 $1,265,330 $731,342 $-26,807
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