Overview
What is Music Center Foundation?
The Music Center Foundation is a nonprofit organization located in Los Angeles, California, specifically at 135 North Grand Avenue, 90012. Its primary mission revolves around providing endowment support to the Music Center Performing Arts Center of Los Angeles County, its educational activities, and its affiliated performing arts companies: the Los Angeles Philharmonic Association, Center Theatre Group, Los Angeles Opera Company, and the Los Angeles Master Chorale. By engaging in planned giving fundraising and asset management, the Music Center Foundation ensures the financial stability and continued success of these esteemed organizations.
Official website here: www.musiccenterfoundation.org
Is Music Center Foundation legitimate?
Music Center Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Music Center Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $402,076
Professional Fundraising Fees: $0
Other Salaries and Wages: $194,376
For more financial information, click here
Official website here: www.musiccenterfoundation.org
What is the mission statement of Music Center Foundation?
The Music Center Foundation is dedicated to supporting the performing arts center in Los Angeles through endowment management and financial contributions. Its primary mission is to provide funding for the Music Center and its affiliated companies, such as the Los Angeles Philharmonic Association, Center Theatre Group, Los Angeles Opera Company, and the Los Angeles Master Chorale, via planned giving and asset management. The distributions from the foundation's endowment are allocated to the Music Center, its educational programs, and the aforementioned resident performing arts companies. The objective is to ensure the continued success and growth of these organizations, enabling them to deliver exceptional artistic performances and educational experiences to their audiences.
Official website here: www.musiccenterfoundation.org
Who is the CEO of Music Center Foundation?
Steven T Benson is the President of Music Center Foundation.
Official website here: www.musiccenterfoundation.org
What is the revenue of Music Center Foundation?
Music Center Foundation's revenue in 2022 was $21,090,065.
Official website here: www.musiccenterfoundation.org
Who are the executives of Music Center Foundation and what are their salaries?
The average compensation at Music Center Foundation during 2022 was $198,817. There are 3 employees and 16 volunteers at Music Center Foundation.
Here are 17 key members and their salaries:
- Steven T Benson (President)
- Shelby Notkin (Chairman) [Trustee/Director]
- Kiki R Gindler (Vice Chairman) [Trustee/Director]
- Kenneth S Williams (Secretary/Treasurer) [Trustee/Director]
- Thomas L Beckmen (Director)
- Jerrold L Eberhardt (Director)
- John B Emerson (Director)
- Amy R Forbes (Director)
- Darell L Krasnoff (Director)
- Kent Kresa (Director)
- Keith Leonard (Director)
- Kelsey N Martin (Director)
- Cindy Miscikowski (Director)
- Peter W Mullin (Director)
- Jeffrey Soros (Director)
- Philip Swan (Director)
- Sue Wegleitner (Director)
Official website here: www.musiccenterfoundation.org
Where can I find the form 990 for Music Center Foundation?
The Music Center Foundation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.musiccenterfoundation.org
Learn more at the official website: www.musiccenterfoundation.org
Mission Statement of Music Center Foundation
The Music Center Foundation is a philanthropic organization dedicated to providing endowment support for the Music Center Performing Arts Center of Los Angeles County, its educational programs, and its affiliated performing arts companies. In simple terms, the Music Center Foundation raises funds through planned giving and asset management, and then distributes those funds to the Music Center, its educational initiatives, and its resident performing arts companies: the Los Angeles Philharmonic Association, Center Theatre Group, Los Angeles Opera Company, and the Los Angeles Master Chorale.
By managing the Music Center's endowment, the Foundation plays a crucial role in ensuring the long-term financial sustainability of the performing arts center and its affiliated organizations. The distributions from the endowment support a wide range of activities, from producing world-class performances and providing arts education to underserved communities, to maintaining the facilities and offering affordable ticket prices. In essence, the Music Center Foundation's mission is to secure a financially stable future for the Music Center and its resident performing arts companies, allowing them to continue enriching the cultural landscape of Los Angeles and beyond.
Moreover, the Foundation's support extends beyond just financial resources. Through its fundraising efforts, the Music Center Foundation helps to build a community of supporters who are passionate about the arts and committed to ensuring their accessibility to a diverse audience. The Foundation's partnership with the Music Center and its affiliated companies fosters a vibrant and innovative artistic ecosystem, where artists and audiences can come together to experience the transformative power of the performing arts.
Impact
This information is meant to be a general summary of Music Center Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Music Center Foundation's impact lies in providing crucial endowment management and financial support for programming at Los Angeles' Music Center. Through its efforts, the foundation contributes to the sustainability and growth of the Music Center, benefiting its educational activities and affiliated performing arts companies such as the Los Angeles Philharmonic Association, Center Theatre Group, Los Angeles Opera Company, and the Los Angeles Master Chorale.
By focusing on planned giving fundraising and asset management, Music Center Foundation helps secure the long-term viability of the Music Center and its resident companies, ensuring that they can continue to enrich the cultural landscape of Los Angeles. The foundation's support plays a pivotal role in fostering artistic excellence, supporting educational initiatives, and promoting the arts within the community. Through its mission-driven approach, Music Center Foundation contributes significantly to the vibrancy and accessibility of the performing arts in the city of Los Angeles.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Organization Details
Founding Year
1973
Phone
(213) 972-8046
Principal Officer
Steven T Benson
Main Address
135 NORTH GRAND AVE, LOS ANGELES, CA, 900123013
NTEE Category
Code: A120 - Arts
If you are a representative of Music Center Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.