Musical Masterworks Inc C/o Jem
Only null% goes to programs Strong reserves Growing revenue
Musical Masterworks Inc C/o Jem is a 501(c)(3) organization based in Old Lyme, Connecticut, registered in 1993, with $394,394 in FY2023 revenue. CharityIndex grades it B.
Po Box 684, Old Lyme, CT, 06371 EIN 22-2340604 Since 1993
Revenue (FY2023)
$394K
▼ 42.0% vs prior year
Unknown median: $232K
Expenses (FY2023)
$393K
Net assets
$2.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Musical Masterworks Inc C/o Jem— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating70 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Musical Masterworks Inc C/o Jem: 70 mo reserves · +0% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Musical Masterworks Inc C/o Jem— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Musical Masterworks Inc C/o Jem: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 684, Old Lyme, CT, 06371
- City
- Old Lyme
- State
- Connecticut
- Category
- Unknown
- Subcategory
- Unknown — other (Z9x)
- Website
- …
Financial trends
Revenue grew from $331K (FY2015) to $394K (FY2023) across 9 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $72KNet assets $2.3M
Operating margin
0.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.4M
Total liabilities
$72K
Net assets
$2.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $394,394▼42.0% | $392,930▲23.6% | $2,295,762▲12.1% | $2,367,891▲12.6% | 990 |
| 2022 | $679,945▲107% | $317,844▲21.0% | $2,048,378▲33.8% | $2,102,922▲35.4% | 990 |
| 2021 | $328,460▼2.2% | $262,738▲10.2% | $1,530,490▼11.4% | $1,552,691▼11.1% | 990 |
| 2020 | $336,014▲0.5% | $238,431▼9.4% | $1,726,753▲25.4% | $1,747,501▲26.9% | 990 |
| 2019 | $334,380▲5.5% | $263,313▲0.5% | $1,376,901▲5.0% | $1,376,901▲4.8% | 990 |
| 2018 | $316,885▲1.5% | $261,932▼0.4% | $1,311,730▲6.7% | $1,313,507▲6.2% | 990 |
| 2017 | $312,351▲15.6% | $262,998▲18.6% | $1,229,807▲4.2% | $1,237,356▲3.5% | 990 |
| 2016 | $270,217▼18.3% | $221,759▼9.9% | $1,180,653▲12.1% | $1,196,008▲13.0% | 990 |
| 2015 | $330,779 | $246,084 | $1,053,169 | $1,058,684 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $720K total
14 grants to Musical Masterworks Inc C/o Jem totaling $720K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Community Foundation For Greater New Haven | To support creative song writing workshops for clients of vista life innovations and incarcerated individuals at cheshire correctional institution. | 2024 | $7,500 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2023 | $12,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $5,500 |
| National Christian Charitable Foundation | Culture | 2022 | $309,822 |
| National Christian Charitable Foundation | Culture | 2022 | $309,822 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2022 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $6,551 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $11,551 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $11,551 |
| Donor Advised Charitable Giving | Music (a68) | 2021 | $7,750 |
| Donor Advised Charitable Giving | Music (a68) | 2020 | $5,250 |
| Donor Advised Charitable Giving | Music (a68) | 2020 | $5,250 |
| Donor Advised Charitable Giving | New | 2018 | $10,000 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2016 | $6,500 |
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Frequently asked questions
- Is Musical Masterworks Inc C/o Jem a legitimate nonprofit?
- Yes. Musical Masterworks Inc C/o Jem is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-2340604, based in Old Lyme, Connecticut. Donations are tax-deductible.
- What is Musical Masterworks Inc C/o Jem's EIN?
- Musical Masterworks Inc C/o Jem's Employer Identification Number (EIN) is 22-2340604.
- How much revenue does Musical Masterworks Inc C/o Jem report?
- Musical Masterworks Inc C/o Jem reported $394,394 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Musical Masterworks Inc C/o Jem have?
- CharityIndex grades Musical Masterworks Inc C/o Jem B, based on financial health (reserves and operating margin).
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Data for Musical Masterworks Inc C/o Jem (EIN 22-2340604) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.