GUSTAVO DUDAMEL FOUNDATION INC

EIN: 454824446 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$297,193
Total Expenses
$225,847
Total Assets
$477,926
Net Assets
$471,664
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NY
Principal Officer
PENELOPE BOEHM
Phone
9172943590
Tax Period
2024-01-01 to 2024-12-31

GUSTAVO DUDAMEL FOUNDATION INC, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $297K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $71K, a strong 24% operating margin.

Mission

CREATIVITY ENCOURAGES FOCUS, DISCIPLINE, RESPECT, AND IMAGINATION -- VALUES THAT MAKE US BETTER GLOBAL CITIZENS AND PROMOTE SOCIAL JUSTICE. WE BELIEVE THAT MUSIC TRANSCENDS DIFFERENCES AND ENCOURAGES INDIVIDUAL EMPOWERMENT AND SOCIAL INCLUSION.

Program Service Accomplishments

Program 1
Expenses: $183,449

FIDELIO BRIDGES DEAF AND HEARING COMMUNITIES AND ENCOURAGES US ALL TO EXAMINE HOW PEOPLE EXPERIENCE MUSIC. IN 2024, THE DUDAMEL FOUNDATION SUPPORTED THE CORO DE MANOS BLANCAS (WHITE HANDS CHOIR)...

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FIDELIO BRIDGES DEAF AND HEARING COMMUNITIES AND ENCOURAGES US ALL TO EXAMINE HOW PEOPLE EXPERIENCE MUSIC. IN 2024, THE DUDAMEL FOUNDATION SUPPORTED THE CORO DE MANOS BLANCAS (WHITE HANDS CHOIR) THROUGHOUT THEIR JOURNEY AS PART OF THE 2024 REVIVAL OF BEETHOVEN'S FIDELIO IN LOS ANGELES, BARCELONA, PARIS, AND LONDON. ADDITIONALLY, THE FOUNDATION SUPPORTED THE CORO IN ATHENS IN JUNE 2024 WHEN THEY WERE INVITED TO PERFORM AS FEATURED ARTISTS IN COLDPLAY'S MUSIC VIDEO, FEELSLIKEIMFALLINGINLOVE.ENCUENTROS -- A CHAMPION OF THE BELIEF IN MUSIC'S POWER TO UNITE AND INSPIRE, GUSTAVO DUDAMEL CREATED THE IDEA OF ENCUENTROS (ENGLISH: "ENCOUNTERS") THROUGH HIS FOUNDATION IN 2018 AS A WAY FOR YOUNG PEOPLE TO EXPLORE CULTURAL UNITY AND CELEBRATE HARMONY, EQUALITY, DIGNITY, BEAUTY, AND RESPECT THROUGH MUSIC. THROUGH THIS VISION, ENCUENTROS INSPIRES AND TEACHES A NEW GENERATION OF YOUNG LEADERS TO BUILD A BETTER WORLD. TRENTON ARTS AT PRINCETON -- THROUGH A FIVE-YEAR DUDAMEL FOUNDATION GRANT, PRINCETON UNIVERSITY LAUNCHED THE NEIGHBORHOOD PROJECT IN JANUARY 2020, AN EDUCATIONAL INITIATIVE DESIGNED TO CONNECT MUSICIANS ON PUC'S SERIES WITH STUDENTS FROM NEIGHBORING UNDERSERVED COMMUNITIES. THE FIVE-YEAR PILOT PROGRAM IS A COLLABORATION WITH TRENTON ARTS AT PRINCETON AND FOCUSED ON A PARTNERSHIP WITH TRENTON CENTRAL HIGH SCHOOL IN ITS INAUGURAL YEAR. THE FIVE-YEAR GRANT ALSO SUPPORTS THE TRENTON YOUTH ORCHESTRA, NOW PART OF TRENTON ARTS @ PRINCETON, AND ITS FACULTY MENTORS THROUGH THE SPRING OF 2025.

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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 $296,561
Program Service Revenue $0
Investment Income $632
Other Revenue $0
TOTAL REVENUE $297,193

Expense Breakdown

Grants Paid $33,237
Salaries & Benefits $43,072
Fundraising Expenses $30,190
Program Expenses $183,449
Other Expenses $125,538
TOTAL EXPENSES $225,847

Year-over-Year Comparison

2024 2023 Change
Revenue $297,193 $222,977 +0.3%
Expenses $225,847 $211,698 +0.1%
Net Income $71,346 $11,279 +5.3%
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
3
Independent Members
3
Employees
N/A
Volunteers
3

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
5
$47,572
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GUSTAVO DUDAMEL CO-CHAIR 5.00
Officer Director
$0 $0 $0
MARIA VALVERDE CO-CHAIR 5.00
Officer Director
$0 $0 $0
ANNE T DOWLING PRESIDENT (TO JUL 2024) 5.00
Officer Director
$0 $0 $0
PENELOPE BOEHM TREASURER 5.00
Officer Director
$0 $0 $0
JACOB SLATTERY SECRETARY 20.00
Officer
$47,572 $0 $47,572
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 $297,193 $225,847 $477,926 $71,346
2023 $222,977 $211,698 $408,442 $11,279
2022 $137,798 $393,553 $391,654 $-255,755
2021 $107,117 $181,313 $344,002 $-74,196
2020 $353,887 $78,019 $420,844 $275,868
2018 $345,700 $307,264 $170,963 $38,436
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