Namm Foundation a Not-For-Profit Corporation FY2021 filing

Carlsbad, CA · Supporting organization · Since 1997 · Human Services

✓ Tax-deductible Latest data FY2021
Revenue
$2.7M
▲ +116% vs prior year
Spent
$2.5M
To programs
99%
Net assets
$10.4M
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending September 2021 (IRS tax year 2020).

Figures match the IRS filing checked 9/2/26 · see original: IRS

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
2 funders, incl. Donor Advised Charitable Giving INC
$67K in the latest grant year.
Spent on programs?
99% to programs
Form 990 Part IX, latest filing.
Size and trend
$1–10M
↑ +116% vs prior year
Legal name (IRS)Hdr · item CNamm Foundation a Not-For-Profit Corporation
EINHdr · item D33-0797657
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 1999
Year of formationHdr · item L1997
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CCarlsbad, CA
NTEE classificationIRS BMFHuman Services (P20)
WebsiteHdr · item Jwww.nammfoundation.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$2.5M
Management & general1%$26K
Total functional expensesLn 25$2.5M

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$2.7M
FY2021▲ +116%
Expenses
$2.5M
FY2021▲ +9%
Net inflow
+9%
revenue over expenses, this year
Pass-through gifts
48%
of revenue from contributions
Program spending
99%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$11.1M
FY2021▲ +1%
Total liabilities
$723K
FY2021▼ -11%
Revenue less expensesPt I · Ln 19$235K
Total assetsPt X · Ln 16$11.1M
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$4.2M
Total assetsLn 16$11.1M
Total liabilitiesLn 26$723K
Total net assetsLn 32$10.4M
Months of cash on handcomputed20.2

Statement of Revenue

Part VIII
Investment income$1.4M · 52%
Contributions & grants$1.3M · 48%
Other revenue$14K · 1%
Investment income52%$1.4M
Contributions & grants48%$1.3M
Other revenue1%$14K
Total revenueLn 12$2.7M

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $10.6M · Operating expenses/yr $2.5M
50.6 months
Where the money goes
Program services
Program services $2.5M · Total expenses $2.5M
99%
Management & General
Management & general $26K · Total expenses $2.5M
1%
Fundraising
Fundraising $0 · Total expenses $2.5M
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $953K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.3M · Total revenue $2.7M
48%
Government reliance
Government grants — · Total revenue $2.7M
—
Earned-income share
Program service revenue $0 · Total revenue $2.7M
0%
Investment reliance
Investment income $1.4M · Total revenue $2.7M
+52%
Program self-sufficiency
Program service revenue $0 · Total expenses $2.5M
0%
Growth & trend
Revenue growth (YoY)
This year $2.7M · Prior year $1.3M
+116%
Net-asset trend (YoY)
End of year $10.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.7M · Expenses $2.5M
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $11.1M
—
Net-asset ratio
Net assets $10.4M · Total assets $11.1M
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $6.4M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $11.1M
57%
People & payroll
Highest Reported Total Compensation
Individual Joseph M Lamond · Reported title President & CEO · Highest reported compensation $0 · Total expenses $2.5M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $2.5M
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%——
Overhead ratio 1%——
Fundraising cost ratio 0%——
Revenue growth 116%——
Investment management fee ratio 0%——
Legal fee ratio 0.6%——
Accounting fee ratio 0.2%——
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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President & CEO
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Chariman
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary-Treas
$0Pt VII · Sec A
Controller
$0Pt VII · Sec A
See Namm Foundation a Not-For-Profit Corporation executive salaries →

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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

Mission and programs

Supports music making through research, giving, and public programs, and showcases historical music treasures.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $2.5M of program spending, described in the organization's own filed words · FY2020.
01

Museum of Making Music

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

$1.1Mprogram expense
02

Music Research

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.

$852Kprogram expense
03

Music Education

Educating the public about music and encouraging young and old in amateur music making. Place music education articles in regional and local print and broadcastmedia outlets. NAMM Foundation's goals are to build credibility for music and music education, especially at an early age, and to expand that portion of the American population…

$501Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$67K
Grants paid · 111 grants · $2.4M · 2019–2024
Make Music AllianceFY2024$105,000
State Education Agency DirectFY2024$50,000
Nat String Proj ConFY2024$40,000
Guitars and Access MarketingFY2024$40,000
AudiotonixFY2024$30,000
Perc Marketing CounFY2024$25,000
Music Achievement CouncilFY2024$25,000
Guitars in the ClassroomFY2024$25,000
SD Youth SmphyFY2024$22,500
Music WillFY2024$22,500
Mr Hollands OpusFY2024$22,500
Tech Inst for Music EducatorsFY2024$20,000
Save the Music FoundationFY2024$20,000
Perc Arts SocietyFY2024$20,000
Notes 4 NotesFY2024$20,000
Days of Service PartnersFY2024$20,000
Davids Harp FoundationFY2024$15,000
Dallas Wind SymphonyFY2024$15,000
See all 111 grants →

Filing history

YearRevenueExpensesChangeFiling
FY2024 $2.5M$1.4M+2% 990 PDF
FY2023 $2.4M$1.8M×21 990 PDF
FY2022 $116K$2.5M-96% 990 PDF
FY2021 Viewing $2.7M$2.5M+116% 990 PDF
FY2020 $1.3M$2.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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