Ascap Foundation

Tax-deductible

New York, NY501(c)(3)Since 1975Arts & CultureEIN 51-0181769Revenue $3.3M in FY2025

On file with the IRSascapfoundation.org250 West 57th Street, 10107-0001 · New York, NYTax-exempt since Jan 1976Publicly supported charity — 170(b)(1)(A)(vi)

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The ASCAP Foundation is dedicated to nurturing the music talent of tomorrow, preserving the legacy of the past and sustaining the creative incentive for today's music creators through a variety of educational, professional and humanitarian programs and activities that serve the entire music community.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Run by 20 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $917K a year · 39% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
17 mo
of spending, in cash
Looks good: 17.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$103K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 20 voting members
Worth a look: 9 of 20 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.3M
+31% vs prior year
Spent
$1.4M
To programs
72%
Net assets
$17.4M
By yearFY2020–FY2025
Revenue
$3.3M
FY2025▲ +31%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$2.3M
FY2022$1.9M
FY2023$2.5M
FY2024$2.5M
FY2025$3.3M
Expenses
$1.4M
FY2025▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.2M
FY2022$1.3M
FY2023$1.8M
FY2024$1.5M
FY2025$1.4M
Net assets
$17.4M
FY2025▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$10.9M
FY2021$12.3M
FY2022$10.6M
FY2023$12.6M
FY2024$14.4M
FY2025$17.4M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1976.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $995K Management & general 7% · $100K Fundraising 20% · $281K

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

22 people listed on the 990.

Part VII, Section A · reportable compensation
SR. Director of Finance and Administration
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Ascap Foundation executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports American music creators through education, scholarships, and grants.

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3 programs · $913K · in their own filed words · FY2025
01

Scholarships, Awards and Composer Program

The ASCAP Foundation scholarship programs seek to ensure that opportunities for the study of music and instruments, songwriting, music composition, the business of music and related areas are available to students at all levels by providing Scholarships to 38 recipients ranging from $1,000 to $10,000.

$448Kprogram expense
02

Music Education and Community Ourtreach

The ASCAP Foundation is dedicated to nurturing the music talent of tomorrow by developing and supporting educational programs that provide effective learning opportunities consistent with our mission to students of all ages.

$254Kprogram expense
03

Talent Development

The ASCAP Foundation Talent Development programs provide aid and encouragement to music creators nationally who are in various stages of their careers including: Workshops (12); Commissioning programs (3); and sponsorship of talent development programs, (9).

$211Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Gibson GivesFY2025$5K
Total grants receivedfrom 1 funder$5K
Grants paid · 78 grants · $2.6M · 2020–2025
Unitemized GrantFY2025$193,075
Unitemized GrantFY2025$95,000
Unitemized GrantFY2025$27,000
Alfred Music Publishing CompanyFY2025$15,000
Jazzmobile INCNY · FY2025$15,000
Theatre Direct NY INCFY2025$11,586
Songwritingwith INCTN · FY2025$10,000
Rosie's Theater Kids INCNY · FY2025$10,000
Unitemized GrantFY2024$223,250
Unitemized GrantFY2024$97,700
Alfred Music Publishing CompanyFY2024$15,000
See all 78 grants →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$3.3M
Ln 12
Gifts and grantsLn 1h$2.1M
Investment incomeLn 3$1.0M
Other incomeLn 4–11$155K
Money outPt IX
$1.4M
Ln 25
Programscol B$995K
Managementcol C$100K
Fundraisingcol D$281K
Owns and owesPt X
$17.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.9M
Total assetsLn 16$17.5M
LiabilitiesLn 26$103K
PeoplePt VI, VII
22
listed · VII A
PaidVII A0
Voting boardVI 1a20
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.1M
Government grantsLn 1e$40K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$244K
Investment incomeLn 3$1.0M
Other incomeLn 4–11$155K
Gains on assetsLn 7$230K
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$1.9M
Cash and savings togetherLn 1–2$1.9M
InvestmentsLn 11–13$15.3M
Other assetsLn 15$0
Total assetsLn 16$17.5M
LiabilitiesLn 26$103K
Net assetsLn 32$17.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
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 FY25End FY25
Cash and savingsLn 1–2$1.4M$1.9M
InvestmentsLn 11–13$13.0M$15.3M
Total assetsLn 16$14.5M$17.5M
LiabilitiesLn 26$93K$103K
Net assetsLn 32$14.4M$17.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$194K$194K
Grants to domestic individualsLn 2$315K$315K
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$23K$0$23K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$71K$51K$20K$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$23K$4K$765$18K
Information technologyLn 14$19K$682$682$18K
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$37K$34K$101$3K
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$0$0$0$0
Other expenses (24a–d)Ln 24$606K$376K$56K$174K
All other expensesLn 24e$88K$20K$211$68K
Total functional expensesLn 25$1.4M$995K$100K$281K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $3.3M$1.4M$1.9M$17.4M 990 PDF
FY2024 $2.5M$1.5M$1.0M$14.4M 990 PDF
FY2023 $2.5M$1.8M$727K$12.6M 990 PDF
FY2022 $1.9M$1.3M$589K$10.6M 990 PDF
FY2021 $2.3M$1.2M$1.2M$12.3M 990 PDF
FY2020 $1.4M$1.3M$106K$10.9M 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 FY2025 990 (6 parts)
Part I · Summary $3,284,932 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,766,550$2,124,782
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $634,278$1,005,125
I-11 Other revenuePrior year $115,712$155,025
I-12 Total revenuePrior year $2,516,540$3,284,932
I-13 Grants and similar amounts paidPrior year $521,975$508,649
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $970,863$867,427
I-18 Total expensesPrior year $1,492,838$1,376,076
I-19 Revenue less expensesPrior year $1,023,702$1,908,856
Part VI · Governance 9 of 20 board members independent, 1 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $3,284,932 across 14 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$244,211
VIII-1d Related organizations$0
VIII-1e Government grants$40,000
VIII-1f All other contributions, gifts and grants$1,840,571
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$2,124,782
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $774,852$774,852
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $155,025$155,025
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $230,273$230,273
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,160,150$3,284,932
Part IX · Statement of functional expenses $1,376,076 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $193,574$193,574
IX-2 Grants to domestic individualsPrograms $315,075$315,075
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $22,800 · Fundraising $0$22,800
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $51,103 · Management $19,873 · Fundraising $0$70,976
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $4,489 · Management $765 · Fundraising $18,238$23,492
IX-14 Information technologyPrograms $682 · Management $682 · Fundraising $18,120$19,484
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $34,103 · Management $101 · Fundraising $2,793$36,997
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$0
IX-24 Other expenses (24a–d)Programs $375,954 · Management $55,618 · Fundraising $173,998$605,570
IX-24e All other expensesPrograms $20,212 · Management $211 · Fundraising $67,685$88,108
IX-25 Total functional expensesPrograms $995,192 · Management $100,050 · Fundraising $280,834$1,376,076
Part X · Balance sheet $17,528,884 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $1,384,932$1,947,285
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $71,225$282,285
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $2,120$1,060
X-11 Publicly traded securitiesStart of year $13,005,237$15,298,254
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $14,463,514$17,528,884
X-17 Accounts payable and accrued expensesStart of year $26,784$21,269
X-18 Grants payableStart of year $6,252$39,500
X-19 Deferred revenueStart of year $500$500
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $59,751$41,660
X-26 Total liabilitiesStart of year $93,287$102,929
X-27 Net assets without donor restrictionsStart of year $6,144,725$8,320,521
X-28 Net assets with donor restrictionsStart of year $8,225,502$9,105,434
X-32 Total net assets or fund balancesStart of year $14,370,227$17,425,955
X-33 Total liabilities and net assetsStart of year $14,463,514$17,528,884
Part XI · Reconciliation of net assets $17,425,955 net assets at year end
XI-1 Total revenue$3,284,932
XI-2 Total expenses$1,376,076
XI-3 Revenue less expenses$1,908,856
XI-4 Net assets at start of year$14,370,227
XI-5 Net unrealized gains (losses) on investments$1,146,872
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$17,425,955

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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