Nonprofit · EIN 87-1020850
SAVE OUR MUSICIANS FOUNDATION INC
Tax-exempt · JUPITER, FL 33477
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $176,117 | $6,832,315 | -$6,656,198 | $527,311 | $354,720 | $172,591 |
| December 31, 2023 | 990 | $23,345,101 | $16,507,925 | $6,837,176 | $10,100,260 | $3,271,471 | $6,828,789 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $131,000
- Program service revenue
- $0
- Investment income
- $45,117
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $10,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $6,330
- Occupancy
- $160,413
- Depreciation
- $17,314
- Program services (functional)
- $6,274,128
- Management and general (functional)
- $400,979
- Fundraising (functional)
- $157,208
Balance sheet and other
- Total assets, start of year
- $10,100,260
- Total assets, end of year
- $527,311
- Total liabilities, end of year
- $354,720
- Net assets, end of year
- $172,591
- Land, buildings and equipment
- $203,519
- Net assets without donor restrictions
- $172,591
- Gross receipts
- $176,117
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2021
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DENNIS CUNNINGHAM | PRESIDENT/CEO Trustee or director, Officer | 1 | $0 |
| FELICIA CUNNINGHAM | TREASURER Trustee or director, Officer | 1 | $0 |
| CHRISTIAN DEMERS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| BERNIE CARBALLO | SECRETARY Trustee or director, Officer | 1 | $0 |
| ROBERT SAMUELS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DENNIS CUNNINGHAM | PRESIDENT/CEO Trustee or director, Officer | 1 | $0 |
| FELICIA CUNNINGHAM | TREASURER Trustee or director, Officer | 1 | $0 |
| CHRISTIAN DEMERS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| BERNIE CARBALLO | SECRETARY Trustee or director, Officer | 1 | $0 |
| ROBERT SAMUELS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1016 CLEMONS STREET 4TH FLOOR, JUPITER, FL 33477-3300
- Mailing address (990-N for 2022)
- 18765 SE River Ridge Rd, Tequesta FL 33469
- Principal officer (990 for 2024)
- DENNIS CUNNINGHAM, 1016 CLEMONS STREET 4TH FLOOR, JUPITER, FL 33477
- Principal officer (990-N for 2022)
- Dennis Cunningham, 18765 SE River Ridge Rd, Tequesta FL 33469
- Signed the 990
- DENNIS CUNNINGHAM, CEO
- Phone
- (561) 677-8961
- Website
- SAVEOURMUSICIANS.ORG
- Return prepared by
- HILL BARTH & KING LLC
Mission
THE SAVE OUR MUSICIANS FOUNDATION (SOMF) IS A PASSIONATE 501(C)(3) NON-PROFIT DEDICATED TO EMPOWERING THE INDEPENDENT MUSICIAN. THE ORGANIZATION WAS INITIALLY FOUNDED IN 2021 WITH THE GOAL OF HELPING MUSICIANS THROUGH A CHALLENGING POST-PANDEMIC PERIOD WHERE OPPORTUNITIES TO BOOK LIVE GIGS BECAME VIRTUALLY NON-EXISTENT. OUR MISSION HAS SINCE EVOLVED TO A MORE COMPREHENSIVE APPROACH TOWARDS ADDRESSING THE CHALLENGES FACED BY ASPIRING INDEPENDENT MUSICIANS. WHILE THE CORE OF OUR NON-PROFIT ACTIVITIES CENTER AROUND SHOWCASING TALENT THROUGH LIVE GIGS AND PERFORMANCE OPPORTUNITIES, WE ALSO PROVIDE A WHOLISTIC APPROACH TOWARDS THE VARIOUS FACETS OF ARTIST DEVELOPMENT AND FOSTER GROWTH AT EVERY STAGE OF A MUSICIAN'S CAREER. WE BELIEVE MUSIC IS A TRANSFORMATIVE FORCE THAT UNITES COMMUNITIES AND IGNITES POSITIVE CHANGE. BY FOSTERING A SUPPORTIVE ECOSYSTEM, WE CULTIVATE ARTISTIC GROWTH, PROPEL CAREERS, AND CHAMPION THE FUTURE OF MUSIC.
Program accomplishments
- SHOWCASING TALENT, BUILDING AUDIENCESOUR FLAGSHIP PROGRAM, THE SAVE OUR MUSICIANS FOUNDATION'S PRIVATE CONCERT SERIES, HELD IN CONJUNCTION WITH AIRTAB'S OPEN FOR AN ICON COMPETITION, TRANSFORMS UNDISCOVERED TALENT INTO RISING STARS. BY PAIRING A HIGH-STAKES COMPETITION WITH EXCLUSIVE PERFORMANCE OPPORTUNITIES ALONGSIDE ESTABLISHED ARTISTS, WE CREATE A DYNAMIC PLATFORM FOR ARTIST DISCOVERY. ALL PARTICIPANTS IN THE PROGRAM CAN INSTANTLY EXPAND THEIR FANBASE, WHILE WINNERS GAIN ACCESS TO UNPARALLELED EXPOSURE, INDUSTRY CREDIBILITY, AND THE EXPERIENCE OF A LIFETIME.Expenses $5,768,009 · grants $10,000
- NURTURING ARTISTIC GROWTH AND ARTIST DEVELOPMENTSOMF'S ARTIST DEVELOPMENT INITIATIVES OFFER PERSONALIZED MENTORSHIP, WORKSHOPS, AND CAREER COACHING. OUR INDUSTRY VETERANS PROVIDE INVALUABLE GUIDANCE ON SONGWRITING, PRODUCTION, BRANDING, AND BUSINESS ACUMEN. BY EQUIPPING ARTISTS WITH ESSENTIAL SKILLS AND KNOWLEDGE, WE HELP THEM BUILD SUSTAINABLE MUSIC CAREERS.Expenses $506,119
- INVESTING IN THE MUSIC COMMUNITYBEYOND INDIVIDUAL ARTIST SUPPORT, SOMF IS COMMITTED TO CULTIVATING A VIBRANT MUSIC LANDSCAPE. WE PROVIDE FINANCIAL SUPPORT TO ORGANIZATIONS THAT SHARE OUR MISSION OF MUSIC EDUCATION AND ACCESSIBILITY. THROUGH STRATEGIC PARTNERSHIPS AND DONATIONS TO OTHER NON-PROFITS WE ENSURE THAT FUTURE GENERATIONS HAVE THE OPPORTUNITY TO EXPLORE THEIR MUSICAL PASSIONS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 87-1020850
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A11)
- Assets (IRS master file)
- $527,311
- Income (IRS master file)
- $176,117
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $176,117 | $6,832,315 | $527,311 | IRS |
| 990 | December 2023 | $23,345,101 | $16,507,925 | $10,100,260 | XML |
| 990-N for 2022 Officer: Dennis Cunningham | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-1020850).
Questions about SAVE OUR MUSICIANS FOUNDATION INC
- What is the EIN of SAVE OUR MUSICIANS FOUNDATION INC?
- The employer identification number (EIN) of SAVE OUR MUSICIANS FOUNDATION INC is 87-1020850.
- Is SAVE OUR MUSICIANS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to SAVE OUR MUSICIANS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SAVE OUR MUSICIANS FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SAVE OUR MUSICIANS FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SAVE OUR MUSICIANS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SAVE OUR MUSICIANS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names DENNIS CUNNINGHAM.
- Who are the officers and directors of SAVE OUR MUSICIANS FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does SAVE OUR MUSICIANS FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $176,117, expenses of $6,832,315 and total assets of $527,311 at year end.
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