Vanguard Music And Performing Arts
- Assets
- $3.1m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 44
- Location
- Santa Clara, CA
- Founding
- 07/1970
- Data as of
- 10/2023
- EIN
- 23-7073438
Organization Overview
Vanguard Music And Performing Arts is located in Santa Clara, CA. The organization was established in 1970. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 10/2023, Vanguard Music And Performing Arts employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vanguard Music And Performing Arts is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2023, Vanguard Music And Performing Arts generated $4.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $2.7m during the year ending 10/2023. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE COMMUNITIES AND ENRICH LIVES BY INCREASING OPPORTUNITIES FOR PARTICIPATION, EDUCATION, AND EXCELLENCE IN THE PERFORMING ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SANTA CLARA VANGUARD DRUM & BUGLE CORPS IS A WORLD-RENOWNED, WORLD CHAMPION DRUM AND BUGLE CORPS THAT TRAVELS BETWEEN SIX AND EIGHT WEEKS DURING THE SUMMER MONTHS THROUGHOUT THE UNITED STATES IN COMPETITIVE FIELD SHOWS AND PARADES. VANGUARD PROVIDES INSTRUCTION FOR EXPERIENCED THROUGH ADVANCED MEMBERS IN THE AREAS OF BRASS, PERCUSSION, AND COLOR GUARD. MEMBERSHIP IS PRIMARILY OPEN TO THOSE BETWEEN THE AGES OF 18 AND 21. SANTA CLARA VANGUARD OFFERS PERFORMING ARTS STUDENTS ONCE-IN-A-LIFETIME EXPERIENCES WHERE STUDENTS DEVELOP LIFELONG SKILLS IN THE AREAS OF LEADERSHIP, PERSONAL DEVELOPMENT, AND COMMUNITY-BUILDING. GRADUATES OF THE SANTA CLARA VANGUARD GO ON TO BECOME LEADERS IN ALL INDUSTRIES IN THE WORLD. IN FY22/23, WE REORGANIZED TO BE ABLE TO CONTINUE OUR CHARITABLE MISSION IN THE FUTURE.
THE VANGUARD CADETS DRUM & BUGLE CORPS IS A WORLD-RENOWNED, WORLD CHAMPION DRUM AND BUGLE CORPS THAT TRAVELS APPROXIMATELY FOUR WEEKS DURING THE SUMMER MONTHS ACROSS THE UNITED STATES PERFORMING IN COMPETITIVE FIELD SHOWS AND PARADES. THE VANGUARD CADETS PROVIDES INSTRUCTION FOR THE NOVICE THROUGH EXPERIENCED MEMBERS IN THE AREAS OF BRASS, PERCUSSION AND COLOR GUARD. MEMBERSHIP IS PRIMARILY OPEN TO THOSE BETWEEN THE AGES OF 12 AND 18. THE VANGUARD CADETS OFFERS PERFORMING ARTS STUDENTS ONCE-IN-A-LIFETIME EXPERIENCES WHERE STUDENTS DEVELOP LIFELONG SKILLS IN THE AREAS OF LEADERSHIP, PERSONAL DEVELOPMENT, AND COMMUNITY-BUILDING. GRADUATES OF THE VANGUARD CADETS CAN GO ON TO BECOME A MEMBER OF THE SANTA CLARA VANGUARD, AND BECOME LEADERS IN ALL INDUSTRIES IN THE WORLD. IN FY22/23 WE REORGANIZED TO BE ABLE TO CONTINUE OUR CHARITABLE MISSION IN THE FUTURE.
OTHER PROGRAM SERVICES INCLUDE MEMBERSHIP FEES, PARADES AND CONTEST, TICKETS, SALE OF MERCHANDISE AND OTHER REVENUE REPORTED ON FORM 990, PART VIII, LINES 2 - 11, COLUMN B.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Lipshy President | OfficerTrustee | 2 | $0 |
Nick Shilling Vice President | OfficerTrustee | 2 | $0 |
Mindy Morton Secretary | OfficerTrustee | 2 | $0 |
Christopher Anderson Treasurer Until 6/23 | OfficerTrustee | 2 | $0 |
Robert Schiller Treasurer As Of 6/23 | OfficerTrustee | 2 | $0 |
Shannon Mcghee Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $995,769 |
| All other contributions, gifts, grants, and similar amounts not included above | $360,160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,355,929 |
| Total Program Service Revenue | $54,896 |
| Investment income | $9,876 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,756 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $2,783,568 |
| Net Income from Sales of Inventory | $15,438 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,269,104 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $192,504 |
| Compensation of current officers, directors, key employees. | $77,002 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $643,590 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $149,964 |
| Payroll taxes | $87,286 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,084 |
| Fees for services: Accounting | $291,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,393 |
| Office expenses | $57,397 |
| Information technology | $88,554 |
| Royalties | $0 |
| Occupancy | $99,535 |
| Travel | $24,554 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,948 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $247,624 |
| Insurance | $58,115 |
| All other expenses | $88,082 |
| Total functional expenses | $2,662,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,806 |
| Savings and temporary cash investments | $604,590 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $351,689 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,533,809 |
| Investments—publicly traded securities | $385,423 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,331 |
| Total assets | $3,121,648 |
| Accounts payable and accrued expenses | $248,738 |
| Grants payable | $0 |
| Deferred revenue | $2,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $39,807 |
| Unsecured mortgages and notes payable | $57,807 |
| Other liabilities | $162,826 |
| Total liabilities | $511,178 |
| Net assets without donor restrictions | $2,555,477 |
| Net assets with donor restrictions | $54,993 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,121,648 |