Music Forward FY2022 filing

Tax-deductible

Brooklyn, NY501(c)(3)Arts & CultureEIN 45-0583417Revenue $1.7M in FY2022

On file with the IRStheknightsnyc.com1275 Prospect Ave, 11218-1355 · Brooklyn, NYTax-exempt since Mar 2009Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$331K paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $90K a year · 6% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$331K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $145K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$35K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 10 voting members
Looks good: 6 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
-25% vs prior year
Spent
$2.0M
To programs
79%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$1.7M
FY2022▼ -25%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$2.2M
FY2022$1.7M
FY2023$1.4M
FY2024$1.4M
Expenses
$2.0M
FY2022▲ +66%
Tap a bar for its year
Expenses by fiscal year
FY2020$979K
FY2021$1.2M
FY2022$2.0M
FY2023$1.5M
FY2024$1.7M
Net assets
$1.3M
FY2022▼ -32%
Tap a bar for its year
Net assets by fiscal year
FY2020$861K
FY2021$1.9M
FY2022$1.3M
FY2023$1.2M
FY2024$935K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $1.6M Management & general 10% · $211K Fundraising 11% · $218K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $331K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$119,925Pt VII · Sec A
Artistic Director
$96,925Pt VII · Sec A
Artistic Director
$78,475Pt VII · Sec A
Special Orchestra Liaison
$22,455Pt VII · Sec A
Musician Representative
$13,409Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Kristen Linfante’s $156K as Executive Director is at the 69th percentile of top reported officer pay among 3924 $1–10M 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kristen Linfante$155,910————
Bridget Mundy—$102,236$119,925$107,000$86,868
Eric Jacobsen$72,647$73,690$96,925$68,125$46,208
Colin Jacobsen$76,447$88,594$78,475$78,475$62,150
Caitlin Sullivan to Dec 2023—$23,375———
Michael Atkinson—$16,875$22,455$13,175$15,358
Mario Gotoh as of Dec 2023—$19,695———
Caitlin Sullivan as of 921———$14,750—

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Performs orchestral music for audiences and provides educational programming in New York City and on tour.

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Provided by the organization

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1 program · $1.6M · in their own filed words · FY2022
01

The knights are an orchestral collective, flexible in size and repertory, dedicated to transforming the concert experience. The orchestra offers in-person music programming in new york city as well as on tour domestically and internationally.

$1.6Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 7 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Fees for servicesLn 2g$943K
Gifts and grantsLn 1h$715K
Investment incomeLn 3$7K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.6M
Managementcol C$211K
Fundraisingcol D$218K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$280K
Total assetsLn 16$1.3M
LiabilitiesLn 26$35K
PeoplePt VI, VII
11
listed · VII A
PaidVII A5
Voting boardVI 1a10
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$715K
Government grantsLn 1e$256K
Noncash giftsLn 1g$2K
Fundraising eventsLn 1c$234K
Fees for servicesLn 2g$943K
Investment incomeLn 3$7K
Gains on assetsLn 7−$3K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$139K
SavingsLn 2$141K
Cash and savings togetherLn 1–2$280K
InvestmentsLn 11–13$511K
Total assetsLn 16$1.3M
LiabilitiesLn 26$35K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 57
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$665K$280K
InvestmentsLn 11–13$595K$511K
Total assetsLn 16$1.9M$1.3M
LiabilitiesLn 26$20K$35K
Net assetsLn 32$1.9M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$143K$29K$57K$57K
Other salaries and wagesLn 7$322K$233K$20K$70K
Other employee benefitsLn 9$70K$49K$5K$16K
Payroll taxesLn 10$35K$21K$5K$9K
Accounting feesLn 11c$58K$58K
Other fees for servicesLn 11g$854K$854K
Advertising and promotionLn 12$49K$49K
Office expensesLn 13$17K$17K
OccupancyLn 16$60K$40K$20K
TravelLn 17$181K$181K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$202K$137K$0$65K
All other expensesLn 24e$21K$30$21K$519
Total functional expensesLn 25$2.0M$1.6M$211K$218K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.4M$1.7M−$332K$935K 990 PDF
FY2023 $1.4M$1.5M−$90K$1.2M 990 PDF
FY2022 Viewing $1.7M$2.0M−$357K$1.3M 990 PDF
FY2021 $2.2M$1.2M$1.0M$1.9M 990 PDF
FY2020 $1.2M$979K$224K$861K 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
See the full FY2022 990 (6 parts)
Part I · Summary $1,664,816 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,897,579$714,858
I-9 Program service revenuePrior year $288,886$942,884
I-10 Investment incomePrior year $33,199$7,074
I-11 Other revenuePrior year $232$0
I-12 Total revenuePrior year $2,219,896$1,664,816
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $475,170$570,955
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $742,613$1,450,511
I-18 Total expensesPrior year $1,217,783$2,021,466
I-19 Revenue less expensesPrior year $1,002,113−$356,650
Part VI · Governance 6 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,664,816 across 10 lines filed
VIII-1c Fundraising events$233,545
VIII-1e Government grants$255,557
VIII-1f All other contributions, gifts and grants$225,756
VIII-1g Noncash contributions (included above)$1,960
VIII-1h Total contributions, gifts and grants$714,858
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $942,884$942,884
VIII-3 Investment incomeExcluded from tax $9,869$9,869
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$2,795−$2,795
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $942,884 · Unrelated business $0 · Excluded from tax $7,074$1,664,816
Part IX · Statement of functional expenses $2,021,466 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $28,622 · Management $57,246 · Fundraising $57,246$143,114
IX-7 Other salaries and wagesPrograms $232,626 · Management $19,666 · Fundraising $70,157$322,449
IX-9 Other employee benefitsPrograms $49,423 · Management $4,973 · Fundraising $15,610$70,006
IX-10 Payroll taxesPrograms $20,527 · Management $5,410 · Fundraising $9,449$35,386
IX-11c Accounting feesManagement $58,174$58,174
IX-11g Other fees for servicesPrograms $854,069$854,069
IX-12 Advertising and promotionPrograms $49,498$49,498
IX-13 Office expensesManagement $16,722$16,722
IX-16 OccupancyPrograms $39,593 · Management $19,934$59,527
IX-17 TravelPrograms $181,094$181,094
IX-23 InsuranceManagement $7,863$7,863
IX-24 Other expenses (24a–d)Programs $137,222 · Management $0 · Fundraising $64,902$202,124
IX-24e All other expensesPrograms $30 · Management $20,891 · Fundraising $519$21,440
IX-25 Total functional expensesPrograms $1,592,704 · Management $210,879 · Fundraising $217,883$2,021,466
Part X · Balance sheet $1,293,211 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $665,492$138,681
X-2 Savings and temporary cash investments$140,853
X-3 Pledges and grants receivableStart of year $536,744$366,747
X-4 Accounts receivableStart of year $8,050$79,054
X-9 Prepaid expenses and deferred chargesStart of year $78,864$57,213
X-11 Publicly traded securitiesStart of year $594,501$510,663
X-16 Total assetsStart of year $1,883,651$1,293,211
X-17 Accounts payable and accrued expensesStart of year $19,795$35,011
X-26 Total liabilitiesStart of year $19,795$35,011
X-27 Net assets without donor restrictionsStart of year $1,243,419$925,218
X-28 Net assets with donor restrictionsStart of year $620,437$332,982
X-32 Total net assets or fund balancesStart of year $1,863,856$1,258,200
X-33 Total liabilities and net assetsStart of year $1,883,651$1,293,211
Part XI · Reconciliation of net assets $1,258,200 net assets at year end
XI-1 Total revenue$1,664,816
XI-2 Total expenses$2,021,466
XI-3 Revenue less expenses−$356,650
XI-4 Net assets at start of year$1,863,856
XI-5 Net unrealized gains (losses) on investments−$83,794
XI-8 Prior period adjustments$542
XI-9 Other changes in net assets−$165,754
XI-10 Net assets at end of year$1,258,200

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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