Namm Foundation EIN 33-0797657

Namm Foundation

EIN  33-0797657 Supporting organization Carlsbad, CA
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 9/2/26 · see original filing: IRS
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Size
$1–10M
What they do
Supports music making through research, giving, and public programs, and showcases historical music treasures.
Leadership
John Mlynczak · President
Money in and out
$2.5M revenue, $1.4M expenses
Bottom line
+43% net inflow

Supports music making through research, giving, and public programs, and showcases historical music treasures. For fiscal year 2024 it reported $2.5M in revenue, $1.4M in expenses, and $10.8M in net assets.Pt I

Money in and out · FY2024
Total revenue
$2.5M
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$10.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.1M
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Net inflow
+43%
revenue over expenses, this year▲ +68% vs prior filing year
Pass-through gifts
41%
of revenue from contributions▼ -34% vs prior filing year
Program spending
90%
of expenses reach stated programs▼ -3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$2.5M
FY2024▲ +2%
Expenses
$1.4M
FY2024▼ -21%
Total assets
$10.9M
FY2024▲ +6%
Total liabilities
$152K
FY2024▼ -73%
Total revenue
$2.5M
Pt VIII · Ln 12
Total expenses
$1.4M
Pt IX · Ln 25
Net assets
$10.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.1M
Total assetsPt X · Ln 16$10.9M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

2 program services account for $1.3M of program spending, described in the organization's own filed words · FY2023.
01

Museum of Making Music

Provide exhibits to the public showing the history of music products and benefits of music making.

$675Kprogram expense
02

Music Research and Music Education

Fund research to encourage the study worldwide of music education and early childhood and the effects of music making on early childhood cognition, intelligence, behavior and wellness.Educating the public about music and encouraging young and old in amateur music making.

$612Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNamm Foundation
EINHdr · item D33-0797657
Principal addressHdr · item CCarlsbad, CA
WebsiteHdr · item Jwww.nammfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFJul 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary-Treas
$0Pt VII · Sec A
$0Pt VII · Sec A
See Namm Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income$1.4M · 56%
Contributions & grants$1.0M · 41%
Other revenue$84K · 3%
Investment income56%$1.4M
Contributions & grants41%$1.0M
Other revenue3%$84K
Total revenueLn 12$2.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$1.3M
Management & general10%$143K
Total functional expensesLn 25$1.4M

Balance Sheet

Part X · end of year
CashLn 1$2.8M
Total assetsLn 16$10.9M
Total liabilitiesLn 26$152K
Total net assetsLn 32$10.8M
Months of cash on handcomputed23.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $10.0M · Operating expenses/yr $1.4M
83.9 months
Where the money goes
Program services
Program services $1.3M · Total expenses $1.4M
90%
Management & General
Management & general $143K · Total expenses $1.4M
10%
Fundraising
Fundraising $0 · Total expenses $1.4M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1.3M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.0M · Total revenue $2.5M
41%
Government reliance
Government grants — · Total revenue $2.5M
Earned-income share
Program service revenue $0 · Total revenue $2.5M
0%
Investment reliance
Investment income $1.4M · Total revenue $2.5M
+56%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.4M
0%
Growth & trend
Revenue growth (YoY)
This year $2.5M · Prior year $2.4M
+2%
Revenue CAGR
FY2019 $1.3M · FY2023 $2.5M
+18%
Net-asset trend (YoY)
End of year $10.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.5M · Expenses $1.4M
+43%
Liabilities-to-Assets
Total liabilities — · Total assets $10.9M
Net-asset ratio
Net assets $10.8M · Total assets $10.9M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $7.2M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $10.9M
66%
People & payroll
Highest Reported Total Compensation
Individual John Mlynczak · Reported title President · Highest reported compensation $0 · Total expenses $1.4M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $1.4M
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Fundraising cost ratio 0%
Revenue growth 2%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$67K
Grants paid · 86 grants · $1.8M · 2019–2022
Nat String Proj ConFY2022$50,000
Guitars and Access MarketingFY2022$40,000
Tech Inst for MusicFY2022$35,000
Perc Marketing CounFY2022$35,000
Guitars in the ClassroomCA · FY2022$25,000
Sd Youth SmphyFY2022$22,500
Music Will INCCA · FY2022$22,500
Mr Hollands OpusFY2022$22,500
Young Audiences INCNY · FY2022$20,000
Young Audiences INCNY · FY2022$20,000
Save the Music INCNJ · FY2022$20,000
Perc Arts SocietyFY2022$20,000
Dallas Wind SymphonyTX · FY2022$15,000
Sphinx Organization INCMI · FY2022$10,000
Songwriting with SoldiersFY2022$10,000
Music Haven INCCT · FY2022$10,000
Arts & Learning ConservFY2022$10,000
Davids Harp FoundationFY2022$7,500
See all 86 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$2.5M revenue · viewing · ⤓ 990 PDF
FY2023$2.4M revenue · ⤓ 990 PDF
FY2022$116K revenue · ⤓ 990 PDF
FY2021$2.7M revenue · ⤓ 990 PDF
FY2020$1.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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