IMANI WINDS FOUNDATION INC

EIN: 832695003 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$1,111,488
Total Expenses
$851,631
Total Assets
$487,324
Net Assets
$459,084
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
NY
Principal Officer
MONICA ELLIS
Phone
6463428566
Tax Period
2024-09-01 to 2025-08-31

IMANI WINDS FOUNDATION INC, founded in 2018, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $260K, a strong 23% operating margin.

Mission

IMANI WINDS FOUNDATION, INC'S MISSION IS TO MAKE MEANINGFUL CONNECTIONS THROUGH MUSIC. IT SUPPORTS THE GRAMMY-NOMINATED IMANI WINDS, A FULL-TIME TOURING CLASSICAL CHAMBER MUSIC ENSEMBLE WHICH HAS BEEN IN EXISTENCE FOR OVER 25 YEARS. THE ORGANIZATION ALSO HELPS FUND THE CREATION OF NEW MUSIC BY COMMISSIONING COMPOSERS, PARTICULARLY FROM MARGINALIZED COMMUNITIES. IT SUPPORTS THE IMANI WINDS CHAMBER MUSIC FESTIVAL, AN 11-DAY INSTITUE IN NYC THAT TEACHES ASPIRING MUSICIANS THE ART OF CHAMBER MUSIC THROUGH PERFORMANCE EXCELLENCE, ENTREPRENEURSHIP TRAINING AND THE IMPORTANCE OF COMMUNITY ENGAGEMENT.

Program Service Accomplishments

Program 1
Expenses: $171,056 Revenue: $41,380

FESTIVALS THAT PROVIDE CHAMBER MUSIC COACHING, SEMINARS ON THE BUSINESS OF MUSIC, COLLABORATION WITH THE STUDENT COMPOSERS, AND PERFORMANCES.

Program 2
Expenses: $513,154 Revenue: $536,610

SUPPORT OF FULL-TIME TOURING CLASSICAL CHAMBER MUSIC ENSEMBLE; FUNDING THE CREATION OF NEW MUSIC BY COMMISSIONING COMPOSERS, PARTICULARLY FROM MARGINALIZED COMMUNITIES AND MENTORSHIP OF MUSICIANS AND...

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SUPPORT OF FULL-TIME TOURING CLASSICAL CHAMBER MUSIC ENSEMBLE; FUNDING THE CREATION OF NEW MUSIC BY COMMISSIONING COMPOSERS, PARTICULARLY FROM MARGINALIZED COMMUNITIES AND MENTORSHIP OF MUSICIANS AND COMPOSERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $525,789
Program Service Revenue $577,990
Investment Income $1,783
Other Revenue $5,926
TOTAL REVENUE $1,111,488

Expense Breakdown

Grants Paid $0
Salaries & Benefits $480,004
Fundraising Expenses $96,087
Program Expenses $684,210
Other Expenses $371,627
TOTAL EXPENSES $851,631

Year-over-Year Comparison

2024 2023 Change
Revenue $1,111,488 $676,603 +0.6%
Expenses $851,631 $803,158 +0.1%
Net Income $259,857 $-126,555 -3.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
5
Volunteers
N/A

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
3
$192,000
Total Directors
6
$192,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MONICA ELLIS TREASURER 30.00
Officer Director
$96,000 $0 $96,000
TOYIN SPELLMAN-DIAZ PRESIDENT 30.00
Officer Director
$96,000 $0 $96,000
RICHARD WEINERT DIRECTOR 1.00
Director
$0 $0 $0
JAMES ROE DIRECTOR 1.00
Director
$0 $0 $0
CAROLINE GIASSI SECRETARY 1.00
Officer Director
$0 $0 $0
ANDRE WASHINGTON DIRECTOR 1.00
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 $1,111,488 $851,631 $487,324 $259,857
2024 $676,603 $803,158 $205,942 $-126,555
2023 $925,877 $767,324 $336,514 $158,553
2022 $662,340 $588,076 $176,358 $74,264
2021 $225,620 $238,065 $92,395 $-12,445
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