Present Music INC EIN 39-1438119 Form 990 (PDF) Claim this org

Present Music INC

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Presents new music through performances, education, and commissions, creating imaginative experiences. For fiscal year 2024 it reported $727K in revenue, $665K in expenses, and $277K in net assets.Pt I

Founded
1982
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Milwaukee, WI
Website
www.presentmusic.org
Filings
5 on file (2020–2024)
Revenue
$727KFY2024
Expenses
$665K
Net assets
$277K
People
19
Filings
5
Updates
0
More identity details & actions ⌄
EIN  39-1438119 Public charity (501(c)(3)) Milwaukee, WI Founded 1982
Form 990 (PDF)
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Size
$100K–1M
What they do
Presents new music through performances, education, and commissions, creating imaginative experiences.
Leadership
Marta Troicki · Managing Director · $59K
Money in and out
$727K revenue, $665K expenses
Bottom line
78% program efficiency
Where the money goes · FY2024
Total revenue
$727K
Pt VIII · Ln 12
Total expenses
$665K
Pt IX · Ln 25
Net assets
$277K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $62K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.14 Fundraising $0.08
Program efficiency
78%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
3.4mo
months of highly liquid reserves at operating expense rate▲ +36% vs prior filing year
Surplus margin
+9%
revenue over expenses, this year▲ ×14 vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$727K
FY2024▲ +11%
Expenses
$665K
FY2024▲ +2%
Total assets
$286K
FY2024▲ +29%
Total liabilities
$9K
FY2024▼ -41%
Total revenue
$727K
Pt VIII · Ln 12
Total expenses
$665K
Pt IX · Ln 25
Net assets
$277K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$62K
Total assetsPt X · Ln 16$286K
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416
Mission & Programs · Part III

Where the work happens

1 program service account for $517K of program spending, described in the organization's own filed words · FY2024.
01

Present music engages artists and audiences in imaginative and provocative experiences with new music through ensemble performance and education. Expenses for performing the concerts at various locations including schools, community centers and others.

$517Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPresent Music INC
EINHdr · item D39-1438119
Principal addressHdr · item CMilwaukee, WI
WebsiteHdr · item Jwww.presentmusic.org
Year of formationHdr · item L1982
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A67Z)
Ruling yearIRS BMFJul 1983

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Managing Director
$58,581Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Marta Troicki’s $59K as Managing Director is at the 53rd percentile of top reported officer pay among 2213 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2024FY2023
Marta Troicki$58,581
Martin Butorac$3,000$9,950

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$588K · 81%
Program service revenue$135K · 19%
Investment income$4K · 1%
Contributions & grants81%$588K
Program service revenue19%$135K
Investment income1%$4K
— government grantsLn 1e$20K
Total revenueLn 12$727K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.14 Fundraising $0.08
Program services78%$517K
Management & general14%$93K
Fundraising8%$55K
Total functional expensesLn 25$665K

Balance Sheet

Part X · end of year
CashLn 1$186K
Total assetsLn 16$286K
Total liabilitiesLn 26$9K
Total net assetsLn 32$277K
Months of cash on handcomputed3.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $186K · Operating expenses (Pt IX) $665K · Less non-cash grants $17K · Cash operating expenses/yr $648K
3.4 months
Where the money goes
Program services
Program services $517K · Total expenses $665K
78%
Management & General
Management & general $93K · Total expenses $665K
14%
Fundraising
Fundraising $55K · Total expenses $665K
8%
Cost to raise $1
Fundraising expense (3-yr avg) $51K · Solicited contributions (3-yr avg) $496K
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $588K · Total revenue $727K
81%
Government reliance
Government grants $20K · Total revenue $727K
3%
Earned-income share
Program service revenue $135K · Total revenue $727K
19%
Investment reliance
Investment income $4K · Total revenue $727K
+0.5%
Program self-sufficiency
Program service revenue $135K · Total expenses $665K
20%
Growth & trend
Revenue growth (YoY)
This year $727K · Prior year $654K
+11%
Revenue CAGR
FY2019 $257K · FY2024 $727K
+23%
Net-asset trend (YoY)
End of year $277K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $727K · Expenses $665K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $286K
Net-asset ratio
Net assets $277K · Total assets $286K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $286K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Marta Troicki · Reported title MANAGING DIRECTOR · Highest reported compensation $59K · Total expenses $665K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $190K · Total expenses $665K
29%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 14%
Fundraising cost ratio 9%
Revenue growth 11%

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 · funders on record
Grants received · FY2024
See all 8 funders →

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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$654K revenue · ⤓ 990 PDF
FY2023$588K revenue · ⤓ 990 PDF
FY2022$495K revenue · ⤓ 990 PDF
FY2021$253K revenue · ⤓ 990 PDF
FY2020$257K 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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