Vanguard Music And Performing Arts
- Assets
- $4.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 237
- Location
- Santa Clara, CA
- Founding
- 07/1970
- Data as of
- 10/2020
- 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 10/2020, Vanguard Music And Performing Arts employed 237 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 10/2020, Vanguard Music And Performing Arts generated $2.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.9%) each year. All expenses for the organization totaled $3.1m during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 6 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
2020
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
A CORPS - THE VANGUARD DRUM & BUGLE CORPS IS A WORLD-RENOWNED, WORLD CHAMPION DRUM AND BUGLE CORPS THAT TRAVELS BETWEEN SIX AND EIGHT WEEKS EACH SUMMER THROUGHOUT THE UNITED STATES AND CANADA PERFORMING IN COMPETITIVE FIELD SHOWS AND PARADES. THE VANGUARD PROVIDES INSTRUCTION FOR THE EXPERIENCED THROUGH THE ADVANCED MEMBER IN THE AREAS OF BRASS, PERCUSSION AND COLOR GUARD. MEMBERSHIP IS PRIMARILY OPEN TO THOSE BETWEEN THE AGES OF 18 AND 21. DUE TO COVID 19 THIS PROGRAM WAS NOT ABLE TO BE IMPLEMENTED DURING THE CURRENT FISCAL YEAR.
CADET CORPS - THE VANGUARD CADETS TRAVEL APPROXIMATELY FOUR WEEKS DURING THE SUMMER MONTHS ACROSS THE UNITED STATES AND CANADA PERFORMING IN COMPETITIVE FIELD SHOWS AND PARADES WHILE PROVIDING INSTRUCTION FOR THE NOVICE THROUGH THE EXPERIENCED MEMBER IN THE AREAS OF BRASS, PERCUSSION AND COLOR GUARD. MEMBERSHIP IS PRIMARILY OPEN TO THOSE BETWEEN THE AGES OF 12 AND 18. DUE TO COVID 19 THIS PROGRAM WAS NOT ABLE TO BE IMPLEMENTED DURING THE CURRENT FISCAL YEAR.
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 |
|---|---|---|---|
Charles Frost Former Executive Director | 40 | $139,373 | |
Brett Bernardini Executive Director (partial Year) | Officer | 40 | $34,980 |
Linda Garbarino Vice-Chair | OfficerTrustee | 1 | $0 |
Jennifer Bauman Treasurer | OfficerTrustee | 1 | $0 |
Joe Kirscher Secretary | OfficerTrustee | 1 | $0 |
Michael Kovalich CFO | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $171,194 |
| Investment income | $34,723 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $98,495 |
| Net Income from Fundraising Events | $132,603 |
| Net Income from Gaming Activities | $1,380,569 |
| Net Income from Sales of Inventory | $16,956 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,955,850 |
| Statement of Expenses | |
|---|---|
| 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. | $191,246 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $994,548 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $81,637 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $204,687 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,072 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $144,000 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,112,349 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,838 |
| Savings and temporary cash investments | $368,422 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $360,752 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $205,804 |
| Prepaid expenses and deferred charges | $5,124 |
| Investments—publicly traded securities | $1,524,292 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $580 |
| Total assets | $4,284,561 |
| Accounts payable and accrued expenses | $70,143 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $397,872 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,418,627 |
| Total liabilities | $1,886,642 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,397,919 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Vanguard Music And Performing Arts has recieved totaling $21,783.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $20,250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,533 |
Endowment Analysis
| Beg. Balance | $1,878,195 |
| Earnings | $14,513 |
| Ending Balance | $1,892,708 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Corporation San Francisco State San Francisco, CA | $47,309,090 | $29,247,706 |
California State University Dominguez Hills Foundation Carson, CA | $11,765,317 | $14,222,352 |
Northern Arizona University Fdn Inc Flagstaff, AZ | $256,288,832 | $37,761,443 |
Allan Hancock College Foundation Santa Maria, CA | $20,101,421 | $6,236,200 |
Wave Property Inc Malibu, CA | $0 | -$40,507 |
U C Riverside Foundation Riverside, CA | $204,662,854 | $24,632,492 |
San Francisco State University Foundation San Francisco, CA | $183,676,818 | $22,479,029 |
10000 Degrees San Rafael, CA | $19,169,911 | $12,132,333 |
Klare Holdings Los Angeles, CA | $259,758,492 | $15,264,279 |
California State University - Northridge Foundation Northridge, CA | $300,894,352 | $70,202,583 |
John H & Cynthia Lee Smet Foundation Manhattan Beach, CA | $180,146,566 | $55,938,171 |
Riverside County Office Of Education Foundation Riverside, CA | $343,683 | $10,179,019 |