2020-07-14T00:49:01-05:00 2019-07-31 861065772 DELOITTE TAX LLP 555 MISSION STREET SAN FRANCISCO CA 94105 990 2018-08-01 954470909 MUSICARES FOUNDATION INC MUSI 3103923777 3030 OLYMPIC BOULEVARD SANTA MONICA CA 90404 JUDY WONG VP, FINANCE 3103923777 2020-07-09 1 JOAN S MCMAHON P00966494 4157834000 96.236.213.138 2020-07-09 18:47:31 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 40B1CA659B6B02CC8A600264B1F205665E55F07D 2018 2020-09-23 17:36:50Z HARVEY MASON JR 3030 OLYMPIC BOULEVARD SANTA MONICA CA 90404 16676581 0 X WWW.GRAMMY.COM/MUSICARES X 1989 CA MUSICARES PROVIDES A SAFETY NET OF CRITICAL ASSISTANCE FOR MUSIC PEOPLE IN TIMES OF NEED. 19 19 24 290 641 0 10609757 11033377 0 0 1179447 1372385 -2478246 -3382616 9310958 9023146 6528533 5731384 0 0 2447635 2317357 0 0 819538 1835920 1531254 10812088 9579995 -1501130 -556849 24376644 23744524 1346141 2030234 23030503 21714290 X MUSICARES PROVIDES A SAFETY NET OF CRITICAL ASSISTANCE FOR MUSIC PEOPLE IN TIMES OF NEED. MUSICARES' SERVICES AND RESOURCES COVER A WIDE RANGE OF FINANCIAL, MEDICAL AND PERSONAL EMERGENCIES, AND EACH CASE IS TREATED WITH INTEGRITY AND CONFIDENTIALITY. MUSICARES ALSO FOCUSES THE RESOURCES AND ATTENTION OF THE MUSIC INDUSTRY ON HUMAN SERVICE ISSUES THAT DIRECTLY IMPACT THE HEALTH AND WELFARE OF THE MUSIC COMMUNITY. 0 0 5847879 4346346 THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE OF UP TO $5,000 PER CALENDAR YEAR FOR BASIC NEEDS AND $7,500 FOR MEDICAL ILLNESS AND/OR MAJOR MEDICAL CONDITIONS WITH A LIFETIME MAXIMUM OF $15,000 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. THESE GRANTS ARE MADE AVAILABLE TO MUSIC PEOPLE FACING AN UNFORSEEN 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 EDUCATIONS 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. 1861708 1365454 MAP FUND (FORMERLY ADDICTION RECOVERY INITIATIVES) - THE FOUNDATION PROVIDES EMERGENCY FINANCIAL ASSISTANCE TO INDIVIDUALS WITHIN THE MUSIC COMMUNITY FACING ADDICTION. ASSISTANCE LIMITS ARE $8,500 PER YEAR WITH A LIFETIME LIMIT OF $15,000. 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 ALSO 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. 19584 19584 MUSICARES FOUNDATION PROVIDES VARIOUS GRANTS TO OTHER TAX EXEMPT ORGANIZATIONS. 7729171 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 1 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 35 0 1 24 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AK AL AR AZ CA CO CT DE FL GA HI IA ID IL KS MA MD ME MI MN MS NC ND NH NJ NM NY OH OR PA RI SC SD TN UT WA WI WV VA OK X X JUDY WONG 3103923777 3030 OLYMPIC BOULEVARD SANTA MONICA CA 90404 X X NEIL PORTNOW TO 719 PRESIDENT/CEO 1.00 X 0 0 0 MICHAEL MCDONALD CHAIR 1.00 X X 0 0 0 ALEXANDRA PATSAVAS CHAIR EMERITUS 1.00 X X 0 0 0 KIRDIS POSTELLE VICE CHAIR 1.00 X X 0 0 0 JAMES HIGA SECRETARY/TREASURER 1.00 X X 0 0 0 STEVE BOOM DIRECTOR 1.00 X 0 0 0 JODY GERSON DIRECTOR 1.00 X 0 0 0 JEFF HARLESTON DIRECTOR 1.00 X 0 0 0 ALI HARNELL FROM 419 DIRECTOR 1.00 X 0 0 0 AMBROSIA HEALY DIRECTOR 1.00 X 0 0 0 TAMARA HRIVNAK DIRECTOR 1.00 X 0 0 0 JEFF JONES DIRECTOR 1.00 X 0 0 0 MIKE KNOBLOCH DIRECTOR 1.00 X 0 0 0 ROB LIGHT DIRECTOR 1.00 X 0 0 0 CARIANNE MARSHALL DIRECTOR 1.00 X 0 0 0 HARVEY MASON JR DIRECTOR 1.00 X 0 0 0 JOHN POPPO TO 519 DIRECTOR 1.00 X 0 0 0 SCOTT POWELL DIRECTOR 1.00 X 0 0 0 ANDIE SIMON DIRECTOR 1.00 X 0 0 0 CHRISTINE ALBERT DIRECTOR 1.00 X 0 0 0 JUDY WONG VP, FINANCE 40.00 X 192929 0 29586 DEBBIE CARROLL VP, HEALTH & HUMAN SVCS 40.00 X 171308 0 38469 HAROLD OWENS SENIOR DIRECTOR 40.00 X 130537 0 26074 DANA TOMARKEN VP, FUNDRAISING & EVENTS 40.00 X 117428 0 12233 EDWYNA WYNN SENIOR DIRECTOR 40.00 X 115269 0 11146 727471 0 117508 7 0 1 0 BOUNCE EVENT MARKETING INC 100 NORTH CRESCENT DRIVE BEVERLY HILLS CA 90210 EVENT PRODUCTION 2463350 1OF1 CUSTOM 855 STANTON ROAD 300 BURLINGAME CA 94010 HEARING CLINIC PROVIDER 609492 CUMBERLAND HEIGHTS TREATMENT CENTER 8283 RIVER ROAD PIKE NASHVILLE TN 37209 SOBRIETY TREATMENT 298845 PROSKAUER ROSE LLP 2029 CENTURY PARK EAST SUITE 2400 LOS ANGELES CA 90067 LEGAL SERVICES 296567 PAX HOUSE 1717 EAST MENDOCINO STREET ALTADENA CA 91001 SOBRIETY TREATMENT 115500 6 7381406 3651971 1957118 11033377 1342185 1342185 2275183 2244983 30200 30200 30200 1751743 7381406 5408452 -3656709 -3656709 ONLINE AUCTIONS 900099 273452 273452 TV LICENSING/ROYALTY 541200 641 641 274093 9023146 0 641 -2010872 19584 19584 5589577 5589577 122223 122223 1825795 1078365 321166 426264 74242 47453 12236 14553 287262 176083 44722 66457 130058 81296 20753 28009 127650 6612 118566 2472 44687 44687 159327 159327 682161 305386 203320 173455 8550 5000 3550 34223 20172 8683 5368 59934 18883 17132 23919 12158 6302 4034 1822 125507 103756 8618 13133 56930 56731 199 42892 24885 14259 3748 TAXES AND LICENSES 38559 19204 14658 4697 GRAMMY TICKETS 34400 2800 31600 104276 44859 35376 24041 9579995 7729171 1031286 819538 1200 1200 2130564 1697989 83000 275771 82393 50552 3374 374084 269783 139300 104301 21356601 21779996 339656 75271 24376644 23744524 377249 509697 79195 371766 889697 1148771 1346141 2030234 X 22920014 21675616 110489 38674 23030503 21714290 24376644 23744524 -556849 -676361 -83003 0 X 0 1 X 1 0 X 13591540 13991441 16833286 10609757 11033377 66059401 13591540 13991441 16833286 10609757 11033377 66059401 17823688 48235713 725835 846530 880179 1146531 1342185 4941260 1915863 2248894 2319827 3310100 2025195 11819879 82820540 0.58240 0.59050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 10592588 733298 722143 10603743 10648098 1454722 1510232 10592588 10533673 1197595 1083170 10648098 10378665 855310 700302 10533673 10095404 1486849 1203588 10378665 1.00000 0 0 156903 81587 75316 217181 188196 28985 104301 PAYABLE TO NARAS 1135669 PAYABLE TO GRAMMY MUSEUM 2781 PAYABLE TO NARAS FOUNDATION 10321 1148771 X 8612566 -676361 265781 -410580 9023146 0 9023146 9845776 265781 265781 9579995 0 9579995 PART V, LINE 4: TO PROVIDE ONGOING FUNDING OF OPERATIONAL AND PROGRAMMATIC EXPENSES. PART X, LINE 2: MUSICARES FOUNDATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC 740), INCOME TAXES. FASB ASC 740 PRESCRIBES A COMPREHENSIVE MODEL FOR HOW A COMPANY SHOULD RECOGNIZE, MEASURE, PRESENT, AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT THE COMPANY HAS TAKEN OR EXPECTS TO TAKE ON A TAX RETURN. DURING THE YEARS ENDED JULY 31, 2019 AND 2018, MUSICARES FOUNDATION DID NOT RECORD ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. 1 CENTRAL AMERICA & THE CARIBBEAN GRANTS 113693 NORTH AMERICA GRANTS 8530 EAST ASIA AND THE PACIFIC FUNDRAISING 5614 0 0 0 0 0 0 127837 0 127837 CENTRAL AMERICA & THE CARIBBEAN ADDICTION RECOVERY SERVICES 107000 CHECK FMV NORTH AMERICA ADDICTION RECOVERY SERVICES 6000 CHECK FMV 1 1 0 0 0 0 0 0 PART I, LINE 2: GRANT FUNDS REPORTED IN PART II WERE PROVIDED TO 14 RECIPIENTS WHO EACH RECEIVED A 28-DAY INPATIENT SUBSTANCE ABUSE TREATMENT. MUSICARES RECEIVED WEEKLY PROGRESS REPORTS FROM CROSSROADS WHICH ENSURES OUR CLIENTS REMAIN IN TREATMENT. MUSICARES ALSO PROVIDED FUNDING FOR BASIC NEEDS (RENT, UTILITIES, REPAIRS) TO 10 INDIVIDUALS WHO WERE APPROVED FOR AID AND (1) INDIVIDUAL WHO WAS REIMBURSED FOR FUNDRAISING EFFORTS. POTY DINNER/AUCTION 8398289 6966485 1431804 41950 424009 5000 4547361 CONCERT FOR RECOVERY 316605 287239 29366 25000 32316 5911 194938 4 418255 127682 290573 7700 18501 6084 99682 9133149 7381406 1751743 74650 474826 16995 4841981 5408452 -3656709 1 SEATTLE FOUNDATION 1601 FIFTH AVENUE SUITE 1900 SEATTLE WA 98101 916013536 501(C)(3) 12204 PROVIDED FUNDING AT THE DIRECTION OF ARTIST WHO AGREED TO BE HONOREE FOR MC EVENT. 1 FINANCIAL ASSISTANCE TO INDIVIDUALS WITHIN THE MUSIC COMMUNITY, INCLUDING BUT NOT LIMITED TO PAYMENTS MADE TO THIRD PARTY VENDORS ON BEHALF OF INDIGENT RECORDING INDUSTRY PERSONNEL. 7149 4337123 CASH VALUE FINANCIAL ASSISTANCE FOR ADDICTION RECOVERY SERVICES, INCLUDING, BUT NOT LIMITED TO, PAYMENTS MADE TO THIRD PARTY VENDORS ON BEHALF OF RECORDING INDUSTRY PERSONNEL FOR SUBSTANCE ABUSE TREATMENT 218 1252454 CASH VALUE PART I, LINE 2: FOR FINANCIAL ASSISTANCE GRANTS, THE GRANTEE IS REQUIRED TO PROVIDE DOCUMENTATION FOR THE BASIS OF THE GRANT AND MUSICARES WILL PAY DIRECTLY FROM THE PROVIDED DOCUMENTS (I.E. MEDICAL BILLS, INSURANCE, BASIC LIVING INCLUDING RENT, ETC.) DIRECTLY TO THE VENDOR ON BEHALF OF THE GRANTEE. 1 X X X X X 0 0 0 0 0 0 0 0 0 JUDY WONG VP, FINANCE 183777 0 5250 0 3902 0 9385 0 20201 0 222515 0 0 0 DEBBIE CARROLL VP, HEALTH & HUMAN SVCS 165255 0 3750 0 2303 0 9351 0 29118 0 209777 0 0 0 HAROLD OWENS SENIOR DIRECTOR 122916 0 3000 0 4621 0 4550 0 21524 0 156611 0 0 0 X GIFT CERTIFICATES 6 1398524 COST OR SELLING PRIC X GIFT BAGS 23 484390 COST OR SELLING PRIC X ADVERTISEMENTS 1 26880 COST OR SELLING PRIC X BEVERAGES 6 23524 COST OR SELLING PRIC 0 0 1 PART I, COLUMN (B): COLUMN B REFLECTS THE NUMBER OF CONTRIBUTORS THAT PROVIDED CERTIFICATES AND PRODUCTS TO OUR FUNDRAISING EVENTS. PART I, LINE 32B: MUSICARES USES A THIRD PARTY VENDOR TO PROVIDE GIFTS TO TALENT IN THE GIFTING LOUNGE FOR OUR PERSON OF THE YEAR FUNDRAISING EVENT AND ALSO UTILIZES ANOTHER THIRD PARTY TO HELP SOLICIT ITEMS FOR OUR PERSON OF THE YEAR AUCTION. IN ADDITION MUSICARES USES AN AUCTION HOUSE (JULIEN'S AUCTIONS AND CHARITY BUZZ) TO SELL DONATED AUCTION ITEMS ON THE ORGANIZATION'S BEHALF. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPRISED SOLELY OF NO LESS THAN FOUR DIRECTORS AND WHOSE NUMBER SHALL BE FIXED FROM TIME TO TIME BY THE BOARD. THE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE ELECTED TO A ONE-YEAR TERM BY VOTE OF THE MAJORITY OF THE ENTIRE BOARD AT THE ANNUAL MEETING OF THE BOARD (OR AT SUCH OTHER MEETING AS MAY BE SELECTED BY THE BOARD) ACTING UPON THE RECOMMENDATIONS OF THE NOMINATING COMMITTEE; PROVIDED, HOWEVER THAT THE CHAIR (WHO SHALL SERVE AS CHAIR OF THE EXECUTIVE COMMITTEE), VICE CHAIR AND SECRETARY/TREASURER SHALL SERVE EX OFFICIO AS VOTING MEMBERS OF THE EXECUTIVE COMMITTEE. THE PRESIDENT SHALL SERVE EX OFFICIO AS A NON-VOTING MEMBER OF THE EXECUTIVE COMMITTEE. ADDITIONAL MEMBERS OF THE EXECUTIVE COMMITTEE MAY BE RECOMMENDED BY THE NOMINATING COMMITTEE FROM TIME TO TIME. DURING THOSE PERIODS WHEN THE BOARD IS NOT IN SESSION, THE EXECUTIVE COMMITTEE SHALL HAVE THE POWER TO ACT WITH THE FULL AUTHORITY OF THE BOARD AND SHALL EXERCISE GENERAL SUPERVISION OF THE AFFAIRS OF FOUNDATION, AND IN ALL EVENTS SHALL BE AUTHORIZED TO ADDRESS MATTERS OF A SENSITIVE, CONFIDENTIAL NATURE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY DELOITTE TAX, LLP, WORKING IN CONJUCTION WITH MUSICARES FOUNDATION INC.'S FINANCE DEPARTMENT. THE DRAFT OF THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S MANAGEMENT. THE INITIAL DRAFT OF THE FORM 990 IS THEN PROVIDED TO MUSICARES FOUNDATION INC.'S FINANCE COMMITTEE FOR THEIR REVIEW. ANY COMMENTS RESULTING FROM THEIR REVIEW ARE INCORPORATED INTO THE FINAL FILING OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE ARE PRESENTED TO BOARD MEMBERS ON AN ANNUAL BASIS. THE RESPONSES ARE MAINTAINED BY THE DIRECTOR OF CORPORATE CONTRACTS AND CORPORATE SECRETARY OF THE RECORDING ACADEMY. THE CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED BY BOTH THE SENIOR VICE PRESIDENT AND THE CHAIR OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 ON A BI-ANNUAL BASIS, MANAGEMENT PREPARES AN ANALYTICAL STUDY OF EXECUTIVE COMPENSATION THAT COMPARES THE COMPENSATION PAID TO EXECUTIVES IN SIMILAR TAX-EXEMPT ORGANIZATIONS OF SIMILAR ACTIVITIES AND SIZE, USING THE AMOUNTS REPORTED ON THE FORM 990 FOR THESE SIMILAR ORGANIZATIONS. THE PROCESS IS MANAGED BY THE SENIOR VICE PRESIDENT, WITH INPUT FROM OUR INDEPENDENT PUBLIC ACCOUNTING FIRM. THIS STUDY IS THEN PROVIDED TO THE ORGANIZATION'S AUDIT COMMITTEE FOR REVIEW. THE PROCESS TO DETERMINE THE SENIOR VICE PRESIDENT'S COMPENSATION IS THE SAME, AND IT IS OVERSEEN BY THE PRESIDENT AND CEO OF MUSICARES FOUNDATION IN CONSULTATION WITH THE CHAIR OF THE BOARD. THE PRESIDENT AND CEO OF MUSICARES FOUNDATION IS ALSO THE PRESIDENT AND CEO OF THE NATIONAL ACADEMY OF RECORDING ARTS & SCIENCES, INC. ("NARAS"), AN AFFILIATED BUT UNRELATED TAX EXEMPT ORGANIZATION FOR TAX PURPOSES. THE PRESIDENT AND CEO IS PAID ENTIRELY BY NARAS AND IS SUBJECT TO THE COMPENSATION POLICIES SET FORTH FOR THAT TAX EXEMPT ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE INCORPORATED IN FORM 990 THAT IS MADE AVAILABLE TO THE PUBLIC ON GUIDESTAR.ORG. THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII: ALL OF NEIL PORTNOW'S COMPENSATION IS PAID BY NARAS, AN AFFILIATED EXEMPT ORGANIZATION, FOR HIS SERVICES TO THEM. HIS SERVICES TO THE MUSICARES FOUNDATION ARE AS A VOLUNTEER AND AS SUCH, HE IS NOT COMPENSATED BY THE MUSICARES FOUNDATION FOR ANY OF HIS WORK AS ITS PRESIDENT AND CEO. FORM 3115 TANGIBLE PROPERTY REGULATION STATEMENT SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION TAXPAYER IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER TREAS. REG. 1.263(A)-1(F) FOR ALL ELIGIBLE AMOUNTS PAID OR INCURRED DURING THE TAXABLE YEAR. SECTION 1.263(A)-3(N) CAPITALIZATION ELECTION TAXPAYER HEREBY ELECTS TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER TREAS. REG. 1.263(A)-3(N). THE COSTS WERE INCURRED DURING THE TAXABLE YEAR IN THE ELECTING TAXPAYER'S TRADE OR BUSINESS AND THE ELECTING TAXPAYER TREATS SUCH COSTS AS CAPITAL EXPENDITURES ON ITS BOOKS AND RECORDS.