2026-06-15T15:12:22-05:00 2025-07-31 861065772 DELOITTE TAX LLP 12830 EL CAMINO REAL SUITE 600 SAN DIEGO CA 92130 990 2024-08-01 954470909 MUSICARES FOUNDATION INC MUSI 3103923777 3030 OLYMPIC BOULEVARD SANTA MONICA CA 90404 HARVEY MASON JR CEO 3103923777 2026-06-15 1 0 JOCELYNE MILLER P00634378 6192326500 2024 2025-03-06 01:10:19Z HARVEY MASON JR 3030 OLYMPIC BOULEVARD SANTA MONICA CA 90404 35843484 0 X WWW.MUSICARES.ORG X 1989 CA MUSICARES PROVIDES A SAFETY NET OF CRITICAL HEALTH AND WELFARE SERVICES TO THE MUSIC COMMUNITY IN THREE KEY AREAS: MENTAL HEALTH & ADDICTION RECOVERY SERVICES, HEALTH SERVICES, AND HUMAN SERVICES. 19 19 41 2800 -13862 0 14504897 29513057 0 0 1465239 1761943 -1934165 -2448148 14035971 28826852 5229378 17833217 0 0 4718863 4960459 42800 60580 1311909 1826050 2299587 11817091 25153843 2218880 3673009 33769868 38379586 1084236 1336674 32685632 37042912 X MUSICARES HELPS THE HUMANS BEHIND THE MUSIC BECAUSE MUSIC GIVES SO MUCH TO THE WORLD. MUSICARES PROVIDES A SAFETY NET OF CRITICAL HEALTH AND WELFARE SERVICES TO THE MUSIC COMMUNITY IN THREE KEY AREAS:MENTAL HEALTH & ADDICTION RECOVERY: SUPPORT, REFERRALS, AND EMERGENCY FINANCIAL ASSISTANCE FOR COUNSELING, PSYCHIATRIC CARE, INPATIENT TREATMENT, COACHING, INTENSIVE OUTPATIENT CARE, SOBER LIVING, AND MORE.HEALTH SERVICES: FINANCIAL ASSISTANCE DURING MEDICAL CRISES AND PREVENTIVE SERVICES SUCH AS DENTAL AND MEDICAL SCREENINGS, HEARING CLINICS, VOCAL HEALTH WORKSHOPS, AND ASSISTANCE OBTAINING LOW-COST HEALTH INSURANCE.HUMAN SERVICES: SUPPORT FOR BASIC LIVING EXPENSES LIKE RENT, UTILITIES, CAR PAYMENTS AND INSURANCE PREMIUMS IN TIMES OF HARDSHIP, PLUS PROGRAMS ADDRESSING AFFORDABLE HOUSING, CAREER DEVELOPMENT, LEGAL ISSUES, AND SENIOR SERVICES. 1 0 9553269 7632895 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. ASSISTANCE IS PROVIDED TO RECORDING INDUSTRY PERSONNEL, INCLUDING CREATIVE AND TECHNICAL PERSONNEL (I.E., MUSICIANS, COMPOSERS, ENGINEERS, PRODUCERS, ETC.), MUSIC BUSINESS STAFF (I.E., RECORD LABEL STAFF, MANAGEMENT COMPANIES, ENTERTAINMENT ATTORNEYS, MUSIC RETAILERS), AND OTHER MEMBERS OF THE MUSIC COMMUNITY WHO HAVE BEEN EMPLOYED IN THE INDUSTRY FOR AT LEAST FIVE YEARS OR WHO HAVE CREDITS ON SIX COMMERCIALLY RELEASED SINGLES. THESE GRANTS ARE MADE AVAILABLE TO MUSIC PEOPLE FACING AN UNFORESEEN MEDICAL, PERSONAL, OR FINANCIAL CRISIS. THIS CAN INCLUDE PAYMENTS FOR HEALTH CARE PROFESSIONALS AND PRESCRIPTIONS, RENT/MORTGAGE PAYMENTS, HEALTH INSURANCE PREMIUMS, AND COSTS FOR OTHER BASIC LIVING SUPPORT SERVICES. THROUGH ITS COMMUNITY OUTREACH AND EDUCATION PROGRAMS, THE FOUNDATION ALSO PROVIDES WORKSHOPS, SEMINARS, AND INDIVIDUAL CONSULTATIONS TO MEMBERS OF THE MUSIC COMMUNITY ON TOPICS RELATED TO GENERAL HEALTH AND HUMAN SERVICE NEEDS. IT ALSO PROVIDES IDEAS AND RESOURCES FOR PROACTIVELY ADDRESSING THOSE ISSUES. 8174245 7310052 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. MUSICARES ALSO PROVIDES ADDITIONAL, MORE SUBSTANTIAL SUPPORT FOR INDIVIDUALS WITH CONSIDERABLE IMPACT, INCLUDING ASSISTANCE FOR DAMAGED EQUIPMENT, MEDICAL NEEDS, AND RENTAL ASSISTANCE. 2068747 1261772 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. THE PROGRAM ALSO PROVIDES A SUPPORT NETWORK OF RECOVERY RESOURCES FOR MUSIC PEOPLE WHO ARE TOURING THROUGHOUT THE COUNTRY. IN ADDITION, THE FOUNDATION PROVIDES WORKSHOPS AND COORDINATES MEETINGS OF INDUSTRY PROFESSIONALS TO DISCUSS THE PROBLEMS OF CHEMICAL DEPENDENCY AND DISCUSS SPECIFIC STRATEGIES FOR INTERVENTION FOR INDIVIDUALS WITHIN THE MUSIC COMMUNITY. 2321444 1628498 MUSICARES ALSO PROVIDES VARIOUS GRANTS TO OTHER TAX-EXEMPT ORGANIZATIONS, GATHERS THE MUSIC COMMUNITY FOR A DAY OF SERVICE, HOSTS SHOWCASE CONCERTS TO EDUCATE THE COMMUNITY AND PROVIDE SERVICES, AND PROVIDES DISASTER RELIEF AID. 2321444 1628498 22117705 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 75 0 1 41 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 19 19 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AL AR CA FL GA HI IL KS KY MA MD MI MN MS NC ND NH NJ NM NY OR PA RI SC TN UT VA WI WV X X X RYAN DONAHUE 3103923777 3030 OLYMPIC BLVD SANTA MONICA CA 90404 X AMBROSIA HEALY VICE-CHAIR 1.00 0.00 X X 0 0 0 JEFF HARLESTON SECRETARY/TREASURER 1.00 0.00 X X 0 0 0 STEVE BOOM CHAIR 1.00 0.00 X X 0 0 0 ALI HARNELL DIRECTOR 1.00 0.00 X 0 0 0 CARIANNE MARSHALL DIRECTOR 1.00 0.00 X 0 0 0 CHRISTINE ALBERT DIRECTOR 1.00 0.00 X 0 0 0 CORAN CAPSHAW DIRECTOR (FROM 8/24) 1.00 0.00 X 0 0 0 DONNA CASEINE DIRECTOR 1.00 0.00 X 0 0 0 DR CHELSEA GREEN DIRECTOR (FROM 6/25) 1.00 0.00 X 0 0 0 IRVING AZOFF DIRECTOR (FROM 8/24) 1.00 0.00 X 0 0 0 JEFF JONES DIRECTOR 1.00 0.00 X 0 0 0 MANUEL ABUD DIRECTOR 1.00 0.00 X 0 0 0 MARTY HOM DIRECTOR (FROM 8/24) 1.00 0.00 X 0 0 0 PHYLICIA FANT DIRECTOR 1.00 0.00 X 0 0 0 PJ MORTON DIRECTOR 1.00 0.00 X 0 0 0 RITA WILSON DIRECTOR 1.00 0.00 X 0 0 0 ROB LIGHT DIRECTOR 1.00 0.00 X 0 0 0 TAMARA HRIVNAK DIRECTOR 1.00 0.00 X 0 0 0 TAMMY HURT DIRECTOR 1.00 0.00 X 0 0 0 HARVEY MASON JR CEO 1.00 0.00 X 0 0 0 LAURA SEGURA EXECUTIVE DIRECTOR (TO 5/25) 40.00 0.00 X 382200 0 45613 THERESA WOLTERS VP (TO 5/25), EXEC DIR (FROM 5/25) 40.00 0.00 X 212532 0 13123 JENNIFER LEFF MANAGING DIRECTOR 40.00 0.00 X 144074 0 56373 LINDSEY BURRIS SR. MANAGING DIRECTOR 40.00 0.00 X 164087 0 41694 RYAN DONAHUE SR. MANAGING DIRECTOR 40.00 0.00 X 177193 0 52284 VIRGINIA FADDY MANAGING DIRECTOR 40.00 0.00 X 158752 0 49034 WYNNIE WYNN MANAGING DIRECTOR 40.00 0.00 X 137305 0 18497 1376143 0 276618 10 0 1 0 LEWIS AND CLARK LLC 12400 WILSHIRE BLVD STE 1275 LOS ANGELES CA 90025 EVENT PRODUCTION 1987745 LEVY RESTAURANTS 1201 S FIGUEROA ST LOS ANGELES CA 90015 CATERING 469406 1OF1 CUSTOM 130 EL CAMINO REAL MILLBRAE CA 94030 HEARING CLINIC PROVIDER 321149 CUMBERLAND HEIGHTS 8283 RIVER RD PIKE NASHVILLE TN 37209 ADDICTION RECOVERY TREATMENT PROVIDER 165655 NEWPORT CENTER DENTAL 180 NEWPORT CENTER DR 210 NEWPORT BEACH CA 92660 DENTAL PROVIDER 160264 10 8196199 21316858 179483 29513057 1570342 -14313 1584655 2772624 2581023 191601 191601 191601 1068000 8196199 4435590 -3367590 -3367590 30 19 11 11 ONLINE AUCTIONS 900099 918980 918980 DVD ROYALTIES 900099 451 451 919431 28826852 0 -13862 -672343 21480 21480 17801737 17801737 10000 10000 724252 350472 363305 10475 3303671 2096722 400267 806682 132465 77746 23455 31264 511187 275172 127025 108990 288884 176757 50653 61474 42723 7621 28685 6417 85690 85690 60580 60580 183570 183570 842772 565917 143050 133805 7438 4118 375 2945 35626 26680 8374 572 212079 108853 77868 25358 14672 9218 4201 1253 98200 81857 7821 8522 10788 10788 81464 8775 72689 BANK CHARGES 420210 331785 63971 24454 TAXES & LICENSES 53180 28952 14344 9884 DUES & SUBSCRIPTIONS 50313 13570 28811 7932 MAINTENANCE & REPAIRS 28761 16409 9856 2496 132101 103864 19431 8806 25153843 22117705 1724229 1311909 1200 1200 6467218 9454621 839501 837472 110901 130895 374083 333189 51682 40894 22422374 23442775 3758533 4434318 118459 37411 33769868 38379586 776551 898565 92189 149461 215496 288648 1084236 1336674 X 32685632 32405681 0 4637231 32685632 37042912 33769868 38379586 3673009 764696 -80425 0 X 0 1 X 1 0 X 11853628 12686116 16443223 14504897 29513057 85000921 11853628 12686116 16443223 14504897 29513057 85000921 15868551 69132370 1235931 1817276 1588856 1457487 1570342 7669892 1836929 1928957 2025341 1954096 1987010 9732333 102403146 0.67510 0.65990 X SCHEDULE A, PART II, LINE 10 FUNDRAISING EVENT 2020 AMOUNT: $ 1,127,663 2021 AMOUNT: $ 1,333,150 2022 AMOUNT: $ 1,190,886 2023 AMOUNT: $ 1,060,625 2024 AMOUNT: $ 1,068,000 ONLINE AUCTION 2020 AMOUNT: $ 698,156 2021 AMOUNT: $ 587,483 2022 AMOUNT: $ 830,406 2023 AMOUNT: $ 890,682 2024 AMOUNT: $ 918,980 SALE OF INVENTORY 2020 AMOUNT: $ 11,110 2021 AMOUNT: $ 1,774 2022 AMOUNT: $ 3,495 2023 AMOUNT: $ 2,398 2024 AMOUNT: $ 30 BULK GIFT CARD DISCOUNTS 2021 AMOUNT: $ 6,550 INTEREST ON AMERICAN RESCUE PLAN 2022 AMOUNT: $ 554 CONSIGNMENT SALES 2023 AMOUNT: $ 391 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26180907 2379756 500000 183570 27877093 23555094 2797199 171386 26180907 22565714 1156608 167228 23555094 25399707 14791 -2660550 188234 22565714 21105157 4482047 187497 25399707 1.00000 0 0 156902 116008 40894 217181 217181 0 40894 PRIVATE EQUITY FUNDS 2743268 F PRIVATE CREDIT FUNDS 1100048 F HEDGE FUNDS 338389 F REAL ESTATE INCOME TRUSTS 252613 F 4434318 PAYABLE TO RECORDING ACADEMY 288648 288648 X 34653558 764696 626401 4435609 5826706 28826852 0 28826852 30296278 706826 4435609 5142435 25153843 0 25153843 PART V, LINE 4: TO PROVIDE ONGOING FUNDING OF OPERATIONAL AND PROGRAM EXPENSES. PART X, LINE 2: MUSICARES FOUNDATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES. FASB ASC 740 PRESCRIBES A COMPREHENSIVE MODEL FOR HOW A COMPANY SHOULD RECOGNIZE, MEASURE, PRESENT, AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT THE COMPANY HAS TAKEN OR EXPECTS TO TAKE ON A TAX RETURN. DURING THE YEARS ENDED JULY 31, 2025 AND 2024, MUSICARES FOUNDATION DID NOT RECORD ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT DIRECT EXPENSES 4,435,590. COGS 19. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT DIRECT EXPENSES 4,435,590. COGS 19. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANT-MAKING 10000 SOUTH AMERICA 0 0 FUNDRAISING ACTIVITIES 5390 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES GRAPHIC DESIGN SERVICES PROVIDED FOR HUMANS OF HIP HOP, HEARING CLINICS, AND DISASTER RELIEF PROGRAMS 2850 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES MEMBERSHIP FEE FOR HEARING HEALTH PROGRAM 1300 SOUTH AMERICA 0 0 PROGRAM SERVICES TRANSLATION SERVICES PROVIDED FOR THE 2025 WELLNESS IN MUSIC SURVEY 581 NORTH AMERICA 0 0 INVESTMENTS 160729 0 0 0 0 0 0 180850 0 180850 FINANCIAL ASSISTANCE FOR MENTAL HEALTH OR ADDICTION RECOVERY SERVICES, INCLUDING BUT NOT LIMITED TO PAYMENTS MADE TO THIRD PARTY VENDORS ON BEHALF OF RECORDING INDUSTRY PERSONNEL FOR MENTAL HEALTH THERAPY OR SUBSTANCE ABUSE TREATMENT. CENTRAL AMERICA AND THE CARIBBEAN 1 10000 CHECK 1 0 0 1 1 0 PART I, LINE 2: FOR FINANCIAL ASSISTANCE GRANTS, THE GRANTEE IS REQUIRED TO PROVIDE DOCUMENTATION FOR THE BASIS OF THE GRANT AND MUSICARES WILL PAY DIRECTLY FROM THE PROVIDED DOCUMENTS (I.E., MEDICAL BILLS, INSURANCE, BASIC LIVING INCLUDING RENT, ETC.) DIRECTLY TO THE VENDOR ON BEHALF OF THE GRANTEE. ONLY EMERGENCY GRANTS (I.E., NATURAL DISASTER RELIEF) ARE PAID DIRECTLY TO THE GRANTEE. ALL INVOICING AND PAYMENTS ARE IN USD. PART I, LINE 3: GRANT-MAKING ACTIVITIES REPORTED IN PART II INCLUDE 1 GRANT TO A RECIPIENT WHO RECEIVED SUBSTANCE ABUSE TREATMENT. MUSICARES RECEIVED WEEKLY PROGRESS REPORTS FROM THE FACILITY TO ENSURE OUR CLIENT REMAINS IN TREATMENT. OTHER EXPENSES ARE RECOGNIZED IN ACCORDANCE WITH INTERNAL CONTROLS TO ENSURE PROPER INVOICING, APPROVAL, AND PAYMENT. X X X X X 1 JULIEN ENTERTAINMENT COM INC PO BOX 691789 WEST HOLLYWOOD CA 90069 AUCTION 1 605800 60580 545220 605800 60580 545220 AK AL AR AZ CA CO CT DC DE FL GA HI IA ID IL IN KS KY LA MA MD ME MI MN MO MS MT NC ND NE NH NJ NM NV NY OH OK OR PA RI SC SD TN TX UT VA VT WA WI WV WY PERSON OF THE YEAR 9264062 8196062 1068000 52102 788937 104217 3489975 9264062 8196062 1068000 52102 788937 104217 3489975 4435231 -3367231 1 GRAMMY MUSEUM FOUNDATION INC 800 WEST OLYMPIC BLVD A245 LOS ANGELES CA 90015 261447714 501(C)(3) 17180 0 CHARITABLE CONTRIBUTION PORTION OF HALL OF FAME GALA PURCHASE 1 0 FINANCIAL ASSISTANCE TO INDIVIDUALS WITHIN THE MUSIC COMMUNITY, INCLUDING BUT NOT LIMITED TO PAYMENTS MADE TO THIRD PARTY VENDORS ON BEHALF OF INDIGENT RECORDING INDUSTRY PERSONNEL. 1870 7632895 0 FINANCIAL ASSISTANCE TO INDIVIDUALS WITHIN THE MUSIC COMMUNITY IMPACTED BY THE JANUARY 2025 FIRES IN LOS ANGELES. GRANTS INCLUDE BUT ARE NOT LIMITED TO DIRECT PAYMENTS TO GRANTEES, GROCERY GIFT CARDS, AND PAYMENTS MADE TO THIRD PARTY VENDORS. 3285 7310052 FINANCIAL ASSISTANCE TO INDIVIDUALS WITHIN THE MUSIC COMMUNITY AFFECTED BY NATURAL DISASTERS INCLUDING HURRICANES HELENE AND MILTON IN SEPTEMBER AND OCTOBER 2024. 800 1607017 FINANCIAL ASSISTANCE FOR MENTAL HEALTH OR ADDICTION RECOVERY SERVICES, INCLUDING BUT NOT LIMITED TO PAYMENTS MADE TO THIRD PARTY VENDORS ON BEHALF OF RECORDING INDUSTRY PERSONNEL FOR MENTAL HEALTH THERAPY OR SUBSTANCE ABUSE TREATMENT. 135 1251772 PART I, LINE 2: FOR FINANCIAL ASSISTANCE GRANTS, THE GRANTEE IS REQUIRED TO PROVIDE DOCUMENTATION FOR THE BASIS OF THE GRANT AND MUSICARES WILL PAY DIRECTLY FROM THE PROVIDED DOCUMENTS (I.E., MEDICAL BILLS, INSURANCE, BASIC LIVING INCLUDING RENT, ETC.) DIRECTLY TO THE VENDOR ON BEHALF OF THE GRANTEE. ONLY EMERGENCY GRANTS (I.E., NATURAL DISASTER RELIEF) ARE PAID DIRECTLY TO THE GRANTEE. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 LAURA SEGURA EXECUTIVE DIRECTOR (TO 5/25) 375440 0 1750 0 5010 0 7209 0 38404 0 427813 0 0 0 RYAN DONAHUE SR. MANAGING DIRECTOR 174635 0 1000 0 1558 0 11500 0 40784 0 229477 0 0 0 THERESA WOLTERS VP (TO 5/25), EXEC DIR (FROM 5/25) 208920 0 1750 0 1862 0 11500 0 1623 0 225655 0 0 0 VIRGINIA FADDY MANAGING DIRECTOR 156216 0 1000 0 1536 0 11245 0 37789 0 207786 0 0 0 LINDSEY BURRIS SR. MANAGING DIRECTOR 161493 0 1000 0 1594 0 8512 0 33182 0 205781 0 0 0 JENNIFER LEFF MANAGING DIRECTOR 141167 0 1000 0 1907 0 15481 0 40892 0 200447 0 0 0 WYNNIE WYNN MANAGING DIRECTOR 131671 0 1000 0 4634 0 5280 0 13217 0 155802 0 0 0 PART I, LINE 1A LAURA SEGURA, EXECUTIVE DIRECTOR, WAS REIMBURSED $6,391 FOR HER SOHO HOUSE MEMBERSHIP TO HELP PROVIDE A SPACE FOR BUSINESS MEETINGS. THE AMOUNT WAS REIMBURSED IN ACCORDANCE WITH AN ACCOUNTABLE PLAN AND WAS NOT TREATED AS TAXABLE COMPENSATION. X 5 77226 COST OR SELLING PRICE X BEVERAGES 5 94457 COST OR SELLING PRIC X TALENT GIFTS 1 7800 COST OR SELLING PRIC 0 0 1 1 PART I, COLUMN (B): THIS INFORMATION REFLECTS THE NUMBER OF CONTRIBUTORS THAT PROVIDED GOODS FOR OUR FUNDRAISING ACTIVITIES. PART I, LINE 32B: MUSICARES USES A THIRD PARTY VENDOR TO PROVIDE GIFTS TO TALENT FOR OUR PERSON OF THE YEAR FUNDRAISING EVENT. IN ADDITION, MUSICARES USES SEVERAL AUCTION HOUSES TO SELL DONATED AUCTION ITEMS ON THE ORGANIZATION'S BEHALF. FORM 990, PART III, LINE 2 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. MUSICARES ALSO PROVIDES ADDITIONAL, MORE SUBSTANTIAL SUPPORT FOR INDIVIDUALS WITH CONSIDERABLE IMPACT, INCLUDING ASSISTANCE FOR DAMAGED EQUIPMENT, MEDICAL NEEDS, AND RENTAL ASSISTANCE. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE IS COMPRISED SOLELY OF NO LESS THAN FOUR DIRECTORS AND WHOSE NUMBER SHALL BE FIXED FROM TIME TO TIME BY THE BOARD. THE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE ELECTED TO A ONE-YEAR TERM BY VOTE OF THE MAJORITY OF THE ENTIRE BOARD AT THE ANNUAL MEETING OF THE BOARD (OR AT SUCH OTHER MEETING AS MAY BE SELECTED BY THE BOARD) ACTING UPON THE RECOMMENDATIONS OF THE NOMINATING COMMITTEE, PROVIDED, HOWEVER, THAT THE CHAIR (WHO SHALL SERVE AS CHAIR OF THE EXECUTIVE COMMITTEE), VICE CHAIR AND SECRETARY/TREASURER SHALL SERVE EX OFFICIO AS VOTING MEMBERS OF THE EXECUTIVE COMMITTEE. THE CEO SHALL SERVE EX OFFICIO AS A NON-VOTING MEMBER OF THE EXECUTIVE COMMITTEE. ADDITIONAL MEMBERS OF THE EXECUTIVE COMMITTEE MAY BE RECOMMENDED BY THE NOMINATING COMMITTEE FROM TIME TO TIME. DURING THOSE PERIODS WHEN THE BOARD IS NOT IN SESSION, THE EXECUTIVE COMMITTEE SHALL HAVE THE POWER TO ACT WITH THE FULL AUTHORITY OF THE BOARD AND SHALL EXERCISE GENERAL SUPERVISION OF THE AFFAIRS OF THE FOUNDATION, AND IN ALL EVENTS SHALL BE AUTHORIZED TO ADDRESS MATTERS OF A SENSITIVE, CONFIDENTIAL NATURE. FORM 990, PART VI, SECTION A, LINE 2 CHRISTINE ALBERT AND TAMMY HURT HAVE A BUSINESS RELATIONSHIP WITH HARVEY MASON JR. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY DELOITTE TAX, LLP, WORKING IN CONJUCTION WITH MUSICARES FOUNDATION INC.'S FINANCE DEPARTMENT. THE DRAFT OF THE FORM 990 IS REVIEWED BY THE ORGANIZATION'S MANAGEMENT. THE INITIAL DRAFT OF THE FORM 990 IS THEN PROVIDED TO MUSICARES FOUNDATION INC.'S AUDIT COMMITTEE FOR ITS REVIEW. ANY COMMENTS RESULTING FROM ITS REVIEW ARE INCORPORATED INTO THE FINAL FILING OF THE FORM 990. THE FINAL FORM 990 IS SHARED WITH ALL DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE ARE PRESENTED TO BOARD MEMBERS ON AN ANNUAL BASIS. THE RESPONSES ARE MAINTAINED BY THE MANAGING DIRECTOR, CONTRACT ADMINISTRATION & CORPORATE SECRETARY OF THE RECORDING ACADEMY. THE CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED BY BOTH THE EXECUTIVE DIRECTOR AND THE CHAIR OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS, THE CHIEF PEOPLE & CULTURE OFFICER AND MANAGER OF COMPENSATION, COMPLIANCE, & HRIS COMPARE THE COMPENSATION PAID TO EXECUTIVES IN SIMILAR TAX-EXEMPT ORGANIZATIONS OF SIMILAR ACTIVITIES AND SIZE. THE PROCESS FOR MUSICARES SENIOR LEADERS IS MANAGED BY THE CHIEF PEOPLE & CULTURE OFFICER, THE EXECUTIVE DIRECTOR, AND CEO. THE EXECUTIVE DIRECTOR'S COMPENSATION IS OVERSEEN BY THE CHIEF PEOPLE & CULTURE OFFICER AND THE CEO OF THE MUSICARES FOUNDATION, IN CONSULTATION WITH THE CHAIR OF THE BOARD. THE CEO OF MUSICARES FOUNDATION IS ALSO THE CEO OF THE NATIONAL ACADEMY OF RECORDING ARTS & SCIENCES, INC. ("THE RECORDING ACADEMY"), AN AFFILIATED BUT UNRELATED TAX EXEMPT ORGANIZATION FOR TAX PURPOSES. THE CEO IS PAID ENTIRELY BY THE RECORDING ACADEMY AND IS SUBJECT TO THE COMPENSATION POLICIES SET FORTH FOR THAT TAX EXEMPT ORGANIZATION. THE CHIEF PEOPLE & CULTURE OFFICER IS ALSO AN EMPLOYEE OF AND PAID ENTIRELY BY THE RECORDING ACADEMY AND IS SUBJECT TO THE COMPENSATION POLICIES SET FORTH FOR THAT TAX EXEMPT ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS AND FORM 990 ARE MADE AVAILABLE ON MUSICARES' WEBSITE AND OTHER WEBSITES LIKE GUIDESTAR.ORG. THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 3115 TANGIBLE PROPERTY REGULATION STATEMENT SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION TAXPAYER IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER TREAS. REG. 1.263(A)-1(F) FOR ALL ELIGIBLE AMOUNTS PAID OR INCURRED DURING THE TAXABLE YEAR. SECTION 1.263(A)-3(N) CAPITALIZATION ELECTION TAXPAYER HEREBY ELECTS TO CAPITALIZE REPAIR AND MAINTENANCE COSTS UNDER TREAS. REG. 1.263(A)-3(N). THE COSTS WERE INCURRED DURING THE TAXABLE YEAR IN THE ELECTING TAXPAYER'S TRADE OR BUSINESS AND THE ELECTING TAXPAYER TREATS SUCH COSTS AS CAPITAL EXPENDITURES ON ITS BOOKS AND RECORDS.