Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1994.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
88 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
27 people listed on the 990; $1.4M paid to officers and key staff.
Laura Segura’s $382K as Executive Director (to 5/25) is at the 60th percentile of top reported officer pay among 749 $10–100M 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Laura Segura | $382,200 | $362,132 | $335,331 | $295,079 | $160,349 | — |
| Judy Wong | — | — | — | $210,000 | $233,193 | $204,508 |
| Theresa Wolters | $212,532 | $206,466 | — | — | — | — |
| Debbie Carroll | — | — | — | $197,810 | $192,880 | $186,564 |
| Ryan Donahue | $177,193 | $169,518 | $158,956 | — | — | — |
| Jigar Thakarar | — | — | — | $175,569 | — | — |
| Lindsey Burris | $164,087 | $174,245 | $166,700 | $158,301 | — | — |
| Virginia Faddy | $158,752 | $152,758 | $127,861 | — | — | — |
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.
See Musicares Foundation INC executive salaries →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
Supports music people with health, mental health, and addiction recovery services.
Questions for Musicares Foundation INC
Your first name shows with your question. Musicares Foundation INC answers here, for everyone.
Financial Assistance
Musicares provides up to $10,000 annually for emergency basic living, medical, or other needs with a lifetime maximum of $20,000. Under extraordinary circumstances, grants may be extended to $25,000 based upon a unique need.
In response to the extreme fires and unprecedented devastation in january 2025 in los angeles, musicares launched disaster relief efforts to directly assist eligible music professionals in need. Aid includes $1,500 in financial assistance and a $500 grocery card for near-term needs such as necessities and evacuation costs.
Mental Health & Addiction Recovery (formerly Map Fund)
Musicares provides emergency financial assistance to individuals within the music community facing addiction. Assistance limits are $20,000 per year with a lifetime limit of $20,000. The program may provide payment for inpatient treatment, sober living, AND/OR other expenses related to recovery.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| End of yearLn 1g | $27.9M | $26.2M | $23.6M | $22.6M | $25.4M |
| Given inLn 1b | $15K | ||||
| SpentLn 1d–1f | $684K | $171K | $167K | $188K | $187K |
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $6.5M | $9.5M |
| InvestmentsLn 11–13 | $26.2M | $27.9M |
| Land, buildings, equipmentLn 10c | $52K | $41K |
| Total assetsLn 16 | $33.8M | $38.4M |
| LiabilitiesLn 26 | $1.1M | $1.3M |
| Net assetsLn 32 | $32.7M | $37.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $21K | $21K | ||
| Grants to domestic individualsLn 2 | $17.8M | $17.8M | ||
| Grants and assistance to foreign recipientsLn 3 | $10K | $10K | ||
| Pay of current officers, directors and key staffLn 5 | $724K | $350K | $363K | $10K |
| Other salaries and wagesLn 7 | $3.3M | $2.1M | $400K | $807K |
| Pension plan contributionsLn 8 | $132K | $78K | $23K | $31K |
| Other employee benefitsLn 9 | $511K | $275K | $127K | $109K |
| Payroll taxesLn 10 | $289K | $177K | $51K | $61K |
| Legal feesLn 11b | $43K | $8K | $29K | $6K |
| Accounting feesLn 11c | $86K | $86K | ||
| Professional fundraising feesLn 11e | $61K | $61K | ||
| Investment management feesLn 11f | $184K | $184K | ||
| Other fees for servicesLn 11g | $843K | $566K | $143K | $134K |
| Advertising and promotionLn 12 | $7K | $4K | $375 | $3K |
| Office expensesLn 13 | $36K | $27K | $8K | $572 |
| Information technologyLn 14 | $212K | $109K | $78K | $25K |
| OccupancyLn 16 | $15K | $9K | $4K | $1K |
| TravelLn 17 | $98K | $82K | $8K | $9K |
| Depreciation, depletion and amortizationLn 22 | $11K | $11K | ||
| InsuranceLn 23 | $81K | $9K | $73K | |
| Other expenses (24a–d)Ln 24 | $552K | $391K | $117K | $45K |
| All other expensesLn 24e | $132K | $104K | $19K | $9K |
| Total functional expensesLn 25 | $25.2M | $22.1M | $1.7M | $1.3M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Jun 15, 2026 | $28.8M | $25.2M | $3.7M | $37.0M | 990 PDF |
| FY2024Filed with the IRS Jun 16, 2025 | $14.0M | $11.8M | $2.2M | $32.7M | 990 PDF |
| FY2023Filed with the IRS Jun 17, 2024 | $15.3M | $12.8M | $2.5M | $29.2M | 990 PDF |
| FY2022Filed with the IRS Jun 15, 2023 | $12.4M | $11.8M | $598K | $25.9M | 990 PDF |
| FY2021Filed with the IRS Jun 9, 2022 | $14.1M | $15.4M | −$1.3M | $29.7M | 990 PDF |
| FY2020Filed with the IRS Jun 15, 2021 | $32.4M | $26.9M | $5.5M | $27.5M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $28,826,852 revenue, 12 lines filed
Part VI · Governance 19 of 19 board members independent, 1 to look at
Part VIII · Statement of revenue $28,826,852 across 9 lines filed
Part IX · Statement of functional expenses $25,153,843 across 22 lines filed
Part X · Balance sheet $38,379,586 assets, 17 lines filed
Part XI · Reconciliation of net assets $37,042,912 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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