MUSICARES FOUNDATION INC

EIN: 954470909 501(c)(3) Arts, Culture & Humanities

SANTA MONICA, CA

Total Revenue
$28,826,852
Total Expenses
$25,153,843
Total Assets
$38,379,586
Net Assets
$37,042,912
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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
CA
Principal Officer
HARVEY MASON JR
Phone
3103923777
Tax Period
2024-08-01 to 2025-07-31

MUSICARES FOUNDATION INC, founded in 1989, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $28.8M in total revenue in fiscal year 2024. Revenue surged 105% from the prior year, signaling strong growth momentum. Expenses of $25.2M left a modest 13% surplus.

Mission

MUSICARES HELPS THE HUMANS BEHIND THE MUSIC BECAUSE MUSIC GIVES SO MUCH TO THE WORLD. MUSICARES PROVIDES A SAFETY NET OF CRITICAL HEALTH AND WELFARE SERVICES TO THE MUSIC COMMUNITY IN THREE KEY AREAS:MENTAL HEALTH & ADDICTION RECOVERY: SUPPORT, REFERRALS, AND EMERGENCY FINANCIAL ASSISTANCE FOR COUNSELING, PSYCHIATRIC CARE, INPATIENT TREATMENT, COACHING, INTENSIVE OUTPATIENT CARE, SOBER LIVING, AND MORE.HEALTH SERVICES: FINANCIAL ASSISTANCE DURING MEDICAL CRISES AND PREVENTIVE SERVICES SUCH AS DENTAL AND MEDICAL SCREENINGS, HEARING CLINICS, VOCAL HEALTH WORKSHOPS, AND ASSISTANCE OBTAINING LOW-COST HEALTH INSURANCE.HUMAN SERVICES: SUPPORT FOR BASIC LIVING EXPENSES LIKE RENT, UTILITIES, CAR PAYMENTS AND INSURANCE PREMIUMS IN TIMES OF HARDSHIP, PLUS PROGRAMS ADDRESSING AFFORDABLE HOUSING, CAREER DEVELOPMENT, LEGAL ISSUES, AND SENIOR SERVICES.

Program Service Accomplishments

Program 1
Expenses: $9,553,269

FINANCIAL ASSISTANCE: MUSICARES PROVIDES UP TO $10,000 ANNUALLY FOR EMERGENCY BASIC LIVING, MEDICAL, OR OTHER NEEDS WITH A LIFETIME MAXIMUM OF $20,000. UNDER EXTRAORDINARY CIRCUMSTANCES, GRANTS MAY...

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FINANCIAL ASSISTANCE: MUSICARES PROVIDES UP TO $10,000 ANNUALLY FOR EMERGENCY BASIC LIVING, MEDICAL, OR OTHER NEEDS WITH A LIFETIME MAXIMUM OF $20,000. UNDER EXTRAORDINARY CIRCUMSTANCES, GRANTS MAY BE EXTENDED TO $25,000 BASED UPON A UNIQUE NEED. ASSISTANCE IS PROVIDED TO RECORDING INDUSTRY PERSONNEL, INCLUDING CREATIVE AND TECHNICAL PERSONNEL (I.E., MUSICIANS, COMPOSERS, ENGINEERS, PRODUCERS, ETC.), MUSIC BUSINESS STAFF (I.E., RECORD LABEL STAFF, MANAGEMENT COMPANIES, ENTERTAINMENT ATTORNEYS, MUSIC RETAILERS), AND OTHER MEMBERS OF THE MUSIC COMMUNITY WHO HAVE BEEN EMPLOYED IN THE INDUSTRY FOR AT LEAST FIVE YEARS OR WHO HAVE CREDITS ON SIX COMMERCIALLY RELEASED SINGLES. THESE GRANTS ARE MADE AVAILABLE TO MUSIC PEOPLE FACING AN UNFORESEEN MEDICAL, PERSONAL, OR FINANCIAL CRISIS. THIS CAN INCLUDE PAYMENTS FOR HEALTH CARE PROFESSIONALS AND PRESCRIPTIONS, RENT/MORTGAGE PAYMENTS, HEALTH INSURANCE PREMIUMS, AND COSTS FOR OTHER BASIC LIVING SUPPORT SERVICES. THROUGH ITS COMMUNITY OUTREACH AND EDUCATION PROGRAMS, THE FOUNDATION ALSO PROVIDES WORKSHOPS, SEMINARS, AND INDIVIDUAL CONSULTATIONS TO MEMBERS OF THE MUSIC COMMUNITY ON TOPICS RELATED TO GENERAL HEALTH AND HUMAN SERVICE NEEDS. IT ALSO PROVIDES IDEAS AND RESOURCES FOR PROACTIVELY ADDRESSING THOSE ISSUES.

Program 2
Expenses: $8,174,245

IN RESPONSE TO THE EXTREME FIRES AND UNPRECEDENTED DEVASTATION IN JANUARY 2025 IN LOS ANGELES, MUSICARES LAUNCHED DISASTER RELIEF EFFORTS TO DIRECTLY ASSIST ELIGIBLE MUSIC PROFESSIONALS IN NEED. AID...

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IN RESPONSE TO THE EXTREME FIRES AND UNPRECEDENTED DEVASTATION IN JANUARY 2025 IN LOS ANGELES, MUSICARES LAUNCHED DISASTER RELIEF EFFORTS TO DIRECTLY ASSIST ELIGIBLE MUSIC PROFESSIONALS IN NEED. AID INCLUDES $1,500 IN FINANCIAL ASSISTANCE AND A $500 GROCERY CARD FOR NEAR-TERM NEEDS SUCH AS NECESSITIES AND EVACUATION COSTS. MUSICARES ALSO PROVIDES ADDITIONAL, MORE SUBSTANTIAL SUPPORT FOR INDIVIDUALS WITH CONSIDERABLE IMPACT, INCLUDING ASSISTANCE FOR DAMAGED EQUIPMENT, MEDICAL NEEDS, AND RENTAL ASSISTANCE.

Program 3
Expenses: $2,068,747

MENTAL HEALTH & ADDICTION RECOVERY (FORMERLY MAP FUND): MUSICARES PROVIDES EMERGENCY FINANCIAL ASSISTANCE TO INDIVIDUALS WITHIN THE MUSIC COMMUNITY FACING ADDICTION. ASSISTANCE LIMITS ARE $20,000 PER...

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MENTAL HEALTH & ADDICTION RECOVERY (FORMERLY MAP FUND): MUSICARES PROVIDES EMERGENCY FINANCIAL ASSISTANCE TO INDIVIDUALS WITHIN THE MUSIC COMMUNITY FACING ADDICTION. ASSISTANCE LIMITS ARE $20,000 PER YEAR WITH A LIFETIME LIMIT OF $20,000. THE PROGRAM MAY PROVIDE PAYMENT FOR INPATIENT TREATMENT, SOBER LIVING, AND/OR OTHER EXPENSES RELATED TO RECOVERY. THE PROGRAM ALSO PROVIDES A SUPPORT NETWORK OF RECOVERY RESOURCES FOR MUSIC PEOPLE WHO ARE TOURING THROUGHOUT THE COUNTRY. IN ADDITION, THE FOUNDATION PROVIDES WORKSHOPS AND COORDINATES MEETINGS OF INDUSTRY PROFESSIONALS TO DISCUSS THE PROBLEMS OF CHEMICAL DEPENDENCY AND DISCUSS SPECIFIC STRATEGIES FOR INTERVENTION FOR INDIVIDUALS WITHIN THE MUSIC COMMUNITY.

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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 $29,513,057
Program Service Revenue $0
Investment Income $1,761,943
Other Revenue $-2,448,148
TOTAL REVENUE $28,826,852

Expense Breakdown

Grants Paid $17,833,217
Salaries & Benefits $4,960,459
Fundraising Expenses $1,311,909
Program Expenses $22,117,705
Other Expenses $2,299,587
TOTAL EXPENSES $25,153,843

Year-over-Year Comparison

2024 2023 Change
Revenue $28,826,852 $14,035,971 +1.1%
Expenses $25,153,843 $11,817,091 +1.1%
Net Income $3,673,009 $2,218,880 +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
19
Independent Members
19
Employees
41
Volunteers
2800

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
$0
Total Directors
19
$0
Key Employees
2
$653,468
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMBROSIA HEALY VICE-CHAIR 1.00
Officer Director
$0 $0 $0
JEFF HARLESTON SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
STEVE BOOM CHAIR 1.00
Officer Director
$0 $0 $0
ALI HARNELL DIRECTOR 1.00
Director
$0 $0 $0
CARIANNE MARSHALL DIRECTOR 1.00
Director
$0 $0 $0
CHRISTINE ALBERT DIRECTOR 1.00
Director
$0 $0 $0
CORAN CAPSHAW DIRECTOR (FROM 8/24) 1.00
Director
$0 $0 $0
DONNA CASEINE DIRECTOR 1.00
Director
$0 $0 $0
DR CHELSEA GREEN DIRECTOR (FROM 6/25) 1.00
Director
$0 $0 $0
IRVING AZOFF DIRECTOR (FROM 8/24) 1.00
Director
$0 $0 $0
JEFF JONES DIRECTOR 1.00
Director
$0 $0 $0
MANUEL ABUD DIRECTOR 1.00
Director
$0 $0 $0
MARTY HOM DIRECTOR (FROM 8/24) 1.00
Director
$0 $0 $0
PHYLICIA FANT DIRECTOR 1.00
Director
$0 $0 $0
PJ MORTON DIRECTOR 1.00
Director
$0 $0 $0
RITA WILSON DIRECTOR 1.00
Director
$0 $0 $0
ROB LIGHT DIRECTOR 1.00
Director
$0 $0 $0
TAMARA HRIVNAK DIRECTOR 1.00
Director
$0 $0 $0
TAMMY HURT DIRECTOR 1.00
Director
$0 $0 $0
HARVEY MASON JR CEO 1.00
Officer
$0 $0 $0
LAURA SEGURA EXECUTIVE DIRECTOR (TO 5/25) 40.00
Key Emp
$382,200 $45,613 $427,813
THERESA WOLTERS VP (TO 5/25), EXEC DIR (FROM 5/25) 40.00
Key Emp
$212,532 $13,123 $225,655
JENNIFER LEFF MANAGING DIRECTOR 40.00
Highest
$144,074 $56,373 $200,447
LINDSEY BURRIS SR. MANAGING DIRECTOR 40.00
Highest
$164,087 $41,694 $205,781
RYAN DONAHUE SR. MANAGING DIRECTOR 40.00
Highest
$177,193 $52,284 $229,477
VIRGINIA FADDY MANAGING DIRECTOR 40.00
Highest
$158,752 $49,034 $207,786
WYNNIE WYNN MANAGING DIRECTOR 40.00
Highest
$137,305 $18,497 $155,802
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 $28,826,852 $25,153,843 $38,379,586 $3,673,009
2024 $14,035,971 $11,817,091 $33,769,868 $2,218,880
2023 $15,259,540 $12,751,561 $30,052,960 $2,507,979
2022 $12,363,939 $11,766,269 $27,300,020 $597,670
2021 $14,053,875 $15,353,857 $30,948,923 $-1,299,982
2020 $32,357,649 $26,860,161 $28,828,154 $5,497,488
2019 $9,023,146 $9,579,995 $23,744,524 $-556,849
2018 $9,310,958 $10,812,088 $24,376,644 $-1,501,130
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