NEW ENGLAND MUSICIANS RESOURCE FUND INC (FKA NEW ENGLAND MUSICIANS RELIEF FUND)

EIN: 852306066 501(c)(3) Human Services

ARLINGTON, MA

Total Revenue
$32,256
Total Expenses
$39,791
Total Assets
$133,282
Net Assets
$133,282
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
MA
Principal Officer
CRAIG PELLET CPA
Phone
8624322352
Tax Period
2022-07-01 to 2023-06-30

NEW ENGLAND MUSICIANS RESOURCE FUND INC (FKA NEW ENGLAND MUSICIANS RELIEF FUND), founded in 2020, is a micro nonprofit in the Human Services sector that reported $32K in total revenue in fiscal year 2022. Revenue fell 80% from the prior year — a significant decline worth monitoring. Expenses of $40K exceeded revenue, resulting in a 23% operating deficit.

Mission

NEW ENGLAND MUSICIANS RESOURCE FUND IS COMMITTED TO FURTHERING HIGH QUALITY MUSIC PERFORMANCE IN NEW ENGLAND BY INVESTING IN AND ADVOCATING FOR THE PROFESSIONALS WHOSE TALENTS BRING THE MUSIC ALIVE.

Program Service Accomplishments

Program 1
Expenses: $20,312

FOUNDED IN 2020 AS THE NEW ENGLAND MUSICIANS RELIEF FUND BY A HOST OF BOSTON-AREA MUSICIANS, UNION LEADERS, EXECUTIVES, AND MUSIC SUPPORTERS, NEMRF WAS ESTABLISHED TO ADDRESS THE ACUTE CRISIS CREATED...

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FOUNDED IN 2020 AS THE NEW ENGLAND MUSICIANS RELIEF FUND BY A HOST OF BOSTON-AREA MUSICIANS, UNION LEADERS, EXECUTIVES, AND MUSIC SUPPORTERS, NEMRF WAS ESTABLISHED TO ADDRESS THE ACUTE CRISIS CREATED BY THE GLOBAL PANDEMIC. NEMRF REMAINS COMMITTED TO PROVIDING CRITICAL RESOURCES TO MUSICIANS BY PROVIDING DIRECT FINANCIAL GRANTS, PROFESSIONAL DEVELOPMENT, EDUCATION, ADVOCACY AND WELLNESS.DURING THE FISCAL YEAR ENDED JUNE 30, 2023, THE NEMRF ASSISTED 13 MUSICIANS WITH A $1,000 GRANT AND 3 MUSICIANS WITH A $2,000 GRANT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $31,301
Program Service Revenue $0
Investment Income $955
Other Revenue $0
TOTAL REVENUE $32,256

Expense Breakdown

Grants Paid $19,000
Salaries & Benefits $8,140
Fundraising Expenses $347
Program Expenses $20,312
Other Expenses $12,651
TOTAL EXPENSES $39,791

Year-over-Year Comparison

2022 2021 Change
Revenue $32,256 $159,731 -0.8%
Expenses $39,791 $86,015 -0.5%
Net Income $-7,535 $73,716 -1.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
10

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
4
$2,100
Total Directors
11
$2,100
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GABRIEL LANGFUR RICE PRESIDENT 2.00
Officer Director
$0 $0 $0
HAZEL DEAN DAVIS VICE PRESIDENT 2.00
Officer Director
$2,100 $0 $2,100
JOSEPH Y WANG CLERK 2.00
Officer Director
$0 $0 $0
ANTHONY D'AMICO DIRECTOR 2.00
Director
$0 $0 $0
HADLEY REYNOLDS DIRECTOR 2.00
Director
$0 $0 $0
DENNIS ALVES DIRECTOR 2.00
Director
$0 $0 $0
PATRICK HOLLENBECK DIRECTOR 2.00
Director
$0 $0 $0
LESLIE WU FOLEY DIRECTOR 2.00
Director
$0 $0 $0
PETER BELKNAP DIRECTOR 2.00
Director
$0 $0 $0
CLARK MATTHEWS DIRECTOR 2.00
Director
$0 $0 $0
CRAIG PELLET TREASURER 2.00
Officer 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 No data No data No data No data
2024 No data No data No data No data
2023 $32,256 $39,791 $133,282 $-7,535
2022 $159,731 $86,015 $140,817 $73,716
2021 $366,381 $299,280 $70,101 $67,101
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