HARPER HOUSE MUSIC FOUNDATION INC

EIN: 991693511 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$20,605,512
Total Expenses
$566,792
Total Assets
$20,064,434
Net Assets
$20,045,320
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2024
Legal Domicile
NY
Principal Officer
STEPHEN SULLENS
Phone
9179927548
Tax Period
2024-03-04 to 2024-12-31

HARPER HOUSE MUSIC FOUNDATION INC, founded in 2024, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $20.6M in total revenue in fiscal year 2024. The organization ran a surplus of $20.0M, a strong 97% operating margin.

Mission

ROOTED IN THE BELIEF THAT MUSIC IS A VITAL AND UNIVERSAL SOURCE OF CONNECTION, JOY, AND MEANING, HARPER HOUSE MUSIC FOUNDATION (HHMF) SEEKS TO BE AN AGENT OF CHANGE BY FACILITATING EFFORTS THAT HELP ARTISTS SHARE THEIR WORK, LEAD STABLE AND HEALTHY LIVES, AND PRESERVE THEIR UNIQUE LEGACIES.

Program Service Accomplishments

Program 1
Expenses: $421,023

HHMF'S APPROACH IS CENTERED AROUND GRANTMAKING TO ORGANIZATIONS SERVING MUSICIANS, AND INVESTMENTS THAT ADDRESS "NEED GAPS" WHERE INFRASTRUCTURE AND FUNDING ARE LACKING. IN 2024, WE DELIVERED 10...

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HHMF'S APPROACH IS CENTERED AROUND GRANTMAKING TO ORGANIZATIONS SERVING MUSICIANS, AND INVESTMENTS THAT ADDRESS "NEED GAPS" WHERE INFRASTRUCTURE AND FUNDING ARE LACKING. IN 2024, WE DELIVERED 10 GRANTS TO 9 GRANTEES TOTALING $352,750.00. THIS ACTIVITY FEATURED SPONSORING EFFORTS IN LINE WITH OUR MISSION SUCH AS: A FELLOWSHIP FOR A MUSIC INDUSTRY MENTAL HEALTH AND WELLNESS NONPROFIT; A WELLNESS INITIATIVE AT AN ESTABLISHED MUSIC FESTIVAL; CONTRIBUTING TO PROJECTS INSPIRING PEOPLE TO CONTINUE SUPPORTING MUSICIANS' LEGACIES; BACKING A FIRST-TIME MUSIC & BLACK CULTURE FESTIVAL IN DURHAM, NC; PROVIDING SEED FUNDING TO REVIVE A LEGACY MUSIC FESTIVAL THAT HAD BEEN DISCONTINUED FOR SEVERAL YEARS, AND WAS BROUGHT BACK IN 2025.

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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 $20,600,438
Program Service Revenue $0
Investment Income $5,074
Other Revenue $0
TOTAL REVENUE $20,605,512

Expense Breakdown

Grants Paid $356,750
Salaries & Benefits $48,000
Fundraising Expenses $0
Program Expenses $421,023
Other Expenses $162,042
TOTAL EXPENSES $566,792

Year-over-Year Comparison

2024 2023 Change
Revenue $20,605,512 N/A N/A
Expenses $566,792 N/A N/A
Net Income $20,038,720 N/A N/A
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
3
Independent Members
2
Employees
N/A
Volunteers
2

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
2
$48,000
Total Directors
3
$48,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN SULLENS FOUNDER, PRESIDENT, DIRECTOR 25.00
Officer Director
$0 $0 $0
MICHELE AUGIS MANAGING DIRECTOR 25.00
Officer Director
$48,000 $0 $48,000
BRIAN APPLEGATE 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
2024 $20,605,512 $566,792 $20,064,434 $20,038,720
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