Annapolis Musicians Fund for Musicians Inc

Nonprofit profile at a glance

EIN
202801578
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024
Location
Annapolis, MD, USA
Phone
4432548473
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Emergency Assistance

Reported finances

Revenue
$102,872
Expenses
$89,634
Assets
$168,805

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • Pamela J Thomas (President)
  • Carolyn Krohn (Vice President)

People named in this filing

  • Michael Kocher (Director)
  • Sean M O'Neill (Treasurer)
  • Jeanette Kreuzberg (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Annapolis Musicians Fund for Musicians, Inc. (AMFM) provides support to qualifying Annapolis-area musical arts education programs; funds qualifying musical education scholarships; provides temporary financial relief on an as-needed basis to qualified professional Annapolis-area musicians who lose work due to unforeseen events or are unable to work due to catastrophic events; provides financial support to a deceased musicians immediate family or a musician who has lost an immediate family member; and promotes the musical arts and artists in the Annapolis, Maryland area.

What it reported doing in 2024

During the fiscal year that ended August 31, 2025, the AMFM Board of Directors approved applications for lost work benefits submitted by thirty-five (35) qualified Annapolis area musicians, in the total amount of $29,011. Additionally, $36,000 was granted to six (6) different applicants for catastrophic benefits. During this period and as part of the organizations youth programs, $2,500 in musical and vocal instruction benefits were paid primarily for underserved school-age students. The Board of Directors also approved a total donation of $6,000 to two Annapolis area 501(c)(3) organizations ($3,000 each) for their summer musical education programs so that underserved youth could attend those programs, and awarded $5,000 for a college scholarship to an incoming college freshman from the greater Annapolis area who would be majoring in music performance.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.

The verdict

SUPPORTED - The filed numbers largely add up and revenue has grown recently. Program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 49
  • Transparency & Controls: 100
  • Sustainability: 60
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.3%; rating input score 79
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 12.9%; rating input score 63; 63rd percentile among comparable filings
  • Total-asset coverage ratio: 1.88; rating input score 79; 79th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: -25% per year; rating input score 0; 8th percentile among comparable filings
  • Revenue growth: 10.4% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: 6.2% per year; rating input score 100; 49th percentile among comparable filings

Details

  • Where the money goes: 79.3% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.