ASCAP FOUNDATION

EIN: 510181769 501(c)(3) Arts, Culture & Humanities

New York, NY

Total Revenue
$3,284,932
Total Expenses
$1,376,076
Total Assets
$17,528,884
Net Assets
$17,425,955
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
DE
Principal Officer
Paul Williams
Phone
2126216063
Tax Period
2025-01-01 to 2025-12-31

ASCAP FOUNDATION, founded in 1975, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.3M in total revenue in fiscal year 2025. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 58% operating margin.

Mission

The ASCAP Foundation is dedicated to supporting American music creators and encouraging their development through music education and talent development programs including songwriting workshops, scholarships, awards, community outreach and grants to other 501(c)(3) organizations for music education.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,124,782
Program Service Revenue $0
Investment Income $1,005,125
Other Revenue $155,025
TOTAL REVENUE $3,284,932

Expense Breakdown

Grants Paid $508,649
Salaries & Benefits $0
Fundraising Expenses $280,834
Program Expenses $995,192
Other Expenses $867,427
TOTAL EXPENSES $1,376,076

Year-over-Year Comparison

2025 2024 Change
Revenue $3,284,932 $2,516,540 +0.3%
Expenses $1,376,076 $1,492,838 -0.1%
Net Income $1,908,856 $1,023,702 +0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
9
Employees
N/A
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
$211,137
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joan Hill Sr. Director of Finance and Administration 40
Officer
$0 $23,581 $211,137
Paul Williams President 0.5
Officer Director
$0 $0 $0
Irwin Robinson Vice President 0.5
Officer Director
$0 $0 $0
Dean Kay Treasurer 0.5
Officer Director
$0 $0 $0
Alex Shapiro Secretary 0.5
Officer Director
$0 $0 $0
Charles Bernstein Director 0.25
Director
$0 $0 $0
Bruce Broughton Director 0.25
Director
$0 $0 $0
Tita Cahn Director 0.25
Director
$0 $0 $0
Desmond Child Director 0.25
Director
$0 $0 $0
Dan Foliart Director 0.25
Director
$0 $0 $0
James Kendrick Director 0.25
Director
$0 $0 $0
Tania Leon Director 0.25
Director
$0 $0 $0
Michelle Lewis Director 0.25
Director
$0 $0 $0
James McBride Director 0.25
Director
$0 $0 $0
Roger McNulty Director 0.25
Director
$0 $0 $0
Marcus Miller Director 0.25
Director
$0 $0 $0
Betsy Perez Director 0.25
Director
$0 $0 $0
Michael Price Director 0.25
Director
$0 $0 $0
Stephen Schwartz Director 0.25
Director
$0 $0 $0
Valerie Simpson Director 0.25
Director
$0 $0 $0
Doug Wood Director 0.25
Director
$0 $0 $0
Nicole George-Middleton Executive Director 10
Officer
$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 $3,284,932 $1,376,076 $17,528,884 $1,908,856
2024 No data No data No data No data
2023 $2,523,948 $1,796,779 $12,680,340 $727,169
2022 $1,913,648 $1,324,923 $10,632,719 $588,725
2021 $2,347,991 $1,197,699 $12,313,289 $1,150,292
2020 $1,380,701 $1,275,129 $10,945,196 $105,572
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