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Florida · Nonprofit

SAVE OUR MUSICIANS FOUNDATION INC

SAVE OUR MUSICIANS FOUNDATION INC (Florida) receives grants from 3 organizations whose IRS filings report $22,720,000 to it, the largest being THE PETER DEGEORGE CHARITABLE TRUST ($22,570,000). 1 of them have funded it in more than one year.

Revenue FY2024
$176k
Funders on record
3
Grants received
$23M
Net assets
$173k
1/3 repeat funderspeak grant-dependency 75%
01What it does

What Save Our Musicians Foundation Inc does

Mission

The save our musicians foundation (somf) is a passionate 501(c)(3) non-profit dedicated to empowering the independent musician. The organization was initially founded in 2021 with the goal of helping musicians through a challenging post-pandemic period where opportunities to book live gigs became virtually non-existent. Our mission has since evolved to a more comprehensive approach towards addressing the challenges faced by aspiring independent musicians. While the core of our non-profit activities center around showcasing talent through live gigs and performance opportunities, we also provide a wholistic approach towards the various facets of artist development and foster growth at every stage of a musician's career. We believe music is a transformative force that unites communities and ignites positive change. By fostering a supportive ecosystem, we cultivate artistic growth, propel careers, and champion the future of music.

As stated on its FY2024 Form 990.

Programs

  1. Showcasing talent, building audiencesour flagship program, the save our musicians foundation's private concert series, held in conjunction with airtab's open for an icon competition, transforms undiscovered talent into rising stars. By pairing a high-stakes competition with exclusive performance opportunities alongside established artists, we create a dynamic platform for artist discovery. All participants in the program can instantly expand their fanbase, while winners gain access to unparalleled exposure, industry credibility, and the experience of a lifetime.

    $5,768,009 spentof which $10,000 as grants
    92% of program spending
  2. Nurturing artistic growth and artist developmentsomf's artist development initiatives offer personalized mentorship, workshops, and career coaching. Our industry veterans provide invaluable guidance on songwriting, production, branding, and business acumen. By equipping artists with essential skills and knowledge, we help them build sustainable music careers.

    $506,119 spent
    8% of program spending
  3. Investing in the music communitybeyond individual artist support, somf is committed to cultivating a vibrant music landscape. We provide financial support to organizations that share our mission of music education and accessibility. Through strategic partnerships and donations to other non-profits we ensure that future generations have the opportunity to explore their musical passions.

The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $6,274,128.

02The organization over time

The organization over time

Each line starts at 100 in 2023, so what you read is the shape rather than the size: 150 means half as much again as 2023, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20232023 Revenue 100 ($23M) Expenses 100 ($17M) Net assets 100 ($6.8M)2024 Revenue 1 ($176k) Expenses 41 ($6.8M) Net assets 3 ($173k)
20232024
Revenue (1)Expenses (41)Net assets (3)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $10M to $527k (−95%).

$10M
$527k
20232024
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2023
2024
ContributionsProgram revenueInvestmentOther

74% of SAVE OUR MUSICIANS FOUNDATION INC’s revenue is contributions — more donation-reliant than the typical peer (64% for the typical peer).

This organization
Typical peer · 19,547 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 2 reported years ran a deficit.

$6.8M
’23
−$6.7M
’24
0.0
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Dennis Cunningham

President/CEO

As listed on its FY2024 Form 990.

20232024
Listed55
Joined·+0
No longer listed·0
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

1 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 0% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of SAVE OUR MUSICIANS FOUNDATION INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

SAVE OUR MUSICIANS FOUNDATION INC leans on a few funders — its largest provides 99% of grant income and the top three 100%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

99%
largest funder
100%
top three
~1
effective funders

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of SAVE OUR MUSICIANS FOUNDATION INC's grant income comes from Florida funders.

FL

Funder states come from each funder’s own filing. $100k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

SAVE OUR MUSICIANS FOUNDATION INC's revenue fell 99% between 2023 and 2024.

Operating margin−3779% · bottom quartile
Months of reserve0.0mo · bottom quartile
Revenue growth (annualized)−99% · bottom quartile

this organization peer median middle 50% of peers· 17,936 arts & culture nonprofits $100k–$1M, FY2024

Organizations like SAVE OUR MUSICIANS FOUNDATION INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Florida

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

92% of spending goes to programs.

Program 92%Management 6%Fundraising 2%

Governance

5
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990–Audited financials

Footprint & structure

Files a return copy in 1 state

FL

Screen this organization

A dated, signed PDF of the compliance screen for SAVE OUR MUSICIANS FOUNDATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds SAVE OUR MUSICIANS FOUNDATION INC?
SAVE OUR MUSICIANS FOUNDATION INC (Florida) receives grants from 3 organizations whose IRS filings report $22,720,000 to it, the largest being THE PETER DEGEORGE CHARITABLE TRUST ($22,570,000). 1 of them have funded it in more than one year.
How many funders does SAVE OUR MUSICIANS FOUNDATION INC have?
IRS filings report 3 organizations giving $22,720,000 in grants to SAVE OUR MUSICIANS FOUNDATION INC, 1 of which have funded it in more than one year.
Who is the largest funder of SAVE OUR MUSICIANS FOUNDATION INC?
THE PETER DEGEORGE CHARITABLE TRUST is the largest funder on record, with $22,570,000 in grants. The full list of funders is on this page.
How can an organization like SAVE OUR MUSICIANS FOUNDATION INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Florida. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2023–2024), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing