Shearer-Owen Music Foundation

Private foundation · Grantmaker Sherman Oaks, CA EIN: 84-4074007

Shearer-Owen Music Foundation is a private foundation, based in Sherman Oaks, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.0M in total assets. In 2024, it awarded 3 grants totaling $110K. Net investment income was $1.1M.

Key facts about Shearer-Owen Music Foundation

In short: Shearer-Owen Music Foundation gave $110K across 3 grants in 2024 (avg $37K), mostly in Louisiana. Source: 2024 IRS Form 990-PF.

EIN
84-4074007
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$110,000
Grants made (2024)
3
Average grant
$36,667
Median grant
$40,000
Total assets
$5,010,257
Primary geography
Louisiana (55% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$5.0M

+80.5% YoY

Annual Giving

$110K

+10.0% YoY

Grant Count

3

+50.0% YoY

Avg Grant Size

$37K

-26.7% YoY

Under IRS private-foundation payout rules, Shearer-Owen Music Foundation reported a distributable amount of $139K for 2024 — the minimum it must pay out in qualifying distributions.

How Shearer-Owen Music Foundation gives

  • Giving held roughly steady from 2021 to 2024 (+10%). Method
  • In 2024 it paid out 86% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2024 grant dollars across all 3 itemized grants.

Cities

New YorkNew OrleansNorth HollywoodSan FranciscoShearman Oaks

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K2 grants2020 3 grants2021 4 grants2022 2 grants2023 3 grants2024

From 2020 to 2024, annual grant giving ranged from $35K (2020) to $110K (2024). In 2024 it made 3 grants totaling $110K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Innocence Project New Orleans: $60KInnocence Project New Orleans$60KLos Angeles Unified School District Coldwater Canyon Elementary School: $40KLos Angeles Unified SchoolDistrict Coldwater Canyon…$40KMaestra Music Inc: $10KMaestra Music Inc$10K

The largest 2024 recipient was Innocence Project New Orleans ($60K). Together the top 3 received $110K.

Grant Size Distribution

14 grants across all recorded years

9<$50K5$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 9 grants of 14 (64%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Innocence Project New Orleans New Orleans, LAGeneral Support$60,000
Los Angeles Unified School District Coldwater Canyon Elementary School North Hollywood, CAFunding of Two Music Teachers$40,000
Maestra Music Inc New York, NYGeneral Support$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$5,010,257$2,776,318$1,740,970
Revenue$2,377,820$1,148,210$20,741
Expenses$142,217$114,546$108,864
Qualifying Distributions$119,217$108,546$106,864
Net Investment Income$1,084,120$904,217$14,092
Distributable Amount$139,343$83,794$88,872

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Shearer-Owen Music Foundation is led by John Power, Director, President & Treasurer on every filing since 2020; none of the 4 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • John Power

    Director, President & Treasurer

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Anna Derparseghian

    Director & Secretary

    On filings since 2020

    0.1 hrs/week

    No compensation reported

  • Harry Shearer

    Director

    On filings since 2020

    0.5 hrs/week

    No compensation reported

  • Judith Owen

    Director

    On filings since 2020

    0.1 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Shearer-Owen Music Foundation

How much does Shearer-Owen Music Foundation give each year?

Shearer-Owen Music Foundation gave $110K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $100K across 2 grants.

What is Shearer-Owen Music Foundation's typical grant size?

Shearer-Owen Music Foundation's median grant in 2024 was $40,000, and its average grant was $36,667, across 3 grants on its 2024 IRS Form 990-PF.

Where does Shearer-Owen Music Foundation give grants?

Shearer-Owen Music Foundation gives mostly in Louisiana: 55% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were California (36%) and New York (9%).

Does Shearer-Owen Music Foundation give general operating support?

Yes: 67% of Shearer-Owen Music Foundation's 2024 grants with a stated purpose (2 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.

How large is Shearer-Owen Music Foundation?

Shearer-Owen Music Foundation reported $5.0M in total assets on its 2024 IRS Form 990-PF. It paid out $119K in qualifying distributions that year, against a required minimum of $139K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

What is Shearer-Owen Music Foundation's EIN?

Shearer-Owen Music Foundation's EIN (Employer Identification Number) is 84-4074007. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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