Lead Guitar
- Assets
- $366.4k
- Revenue
- $854.4k
- Investments
- $0.0
- Employees
- 13
- Location
- Tucson, AZ
- Founding
- 11/2008
- Data as of
- 06/2023
- EIN
- 26-1416560
Organization Overview
Lead Guitar is located in Tucson, AZ. The organization was established in 2008. According to its NTEE Classification (A6E) the organization is classified as: Performing Arts Schools, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Lead Guitar employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lead Guitar 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 06/2023, Lead Guitar generated $854.4k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $876.0k during the year ending 06/2023. While expenses have increased by 24.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
LEAD GUITAR CREATES PERMANENT IN-SCHOOL GUITAR ENSEMBLE CLASSES IN PUBLIC SCHOOLS WITH LOW ACCESS TO THE ARTS. HIGHLY QUALIFIED TEACHING ARTISTS USE THE ORGANIZATIONS CURRICULUM TO TEACH STUDENTS TO PLAY AND TRAIN TEACHERS TO TEACH GUITAR AT NO COST TO THE SCHOOL. SEE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR ENDED JUNE 30, 2023, LEAD GUITAR PROVIDED EIGHT HOURS OF FORMAL PROFESSIONAL DEVELOPMENT SESSIONS FOR 82 OF ITS 103 CERTIFIED PUBLIC-SCHOOL TEACHERS IN TUCSON, PHOENIX, LOS ANGELES, DENVER, CHICAGO, AND ATLANTA. WORKSHOPS WERE HOSTED ONLINE (NATIONALLY) AND IN-PERSON IN EACH LOCAL MARKET. WORKSHOPS UTILIZED THE TALENTS OF EVERY STAFF MEMBER TO EITHER TEACH A PORTION OF THE WORKSHOP OR PROVIDE UP TO 90 MINUTES OF PRIVATE LESSONS PER ATTENDEE.IN THE 2022-23 ACADEMIC YEAR, LEAD GUITAR SERVED 242 CLASSROOMS IN 94 SCHOOLS IN 5 STATES, TEACHING 6,432 STUDENTS TO PLAY GUITAR AND 103 PUBLIC SCHOOL TEACHERS TO TEACH GUITAR. LEAD GUITAR BROUGHT PROFESSIONAL GUITARISTS TO 21 IN-SCHOOL ASSEMBLIES OVER THE SCHOOL YEAR AND HOSTED SIX SPRING SHOWCASE CONCERTS IN APRIL AND MAY 2023, BEGINNING A RETURN TO PRE-COVID NUMBERS FOR THESE EVENTS AND THE STUDENTS THEY SERVE.EVEN AS SHOWCASES RETURN, LEAD GUITAR CONTINUES TO PRODUCE A TWICE-YEARLY YOUTUBE BROADCAST CALLED WE ARE GUITAR, FEATURING GUEST GUITAR LUMINARIES, INTERVIEWS WITH GUEST ARTISTS AND STUDENTS, AND STUDENT VIRTUAL GUITAR ENSEMBLE PERFORMANCES ALONG WITH EACH GUEST ARTIST. THE SHOW WAS ORIGINALLY DEVELOPED DURING THE PANDEMIC AS A REPLACEMENT FOR SHOWCASE CONCERTS. DURING THE YEAR ENDED JUNE 30, 2023, LEAD GUITAR PROVIDED EIGHT HOURS OF FORMAL PROFESSIONAL DEVELOPMENT SESSIONS FOR 82 OF ITS 103 CERTIFIED PUBLIC-SCHOOL TEACHERS IN TUCSON, PHOENIX, LOS ANGELES, DENVER, CHICAGO, AND ATLANTA. WORKSHOPS WERE HOSTED ONLINE (NATIONALLY) AND IN-PERSON IN EACH LOCAL MARKET. WORKSHOPS UTILIZED THE TALENTS OF EVERY STAFF MEMBER TO EITHER TEACH A PORTION OF THE WORKSHOP OR PROVIDE UP TO 90 MINUTES OF PRIVATE LESSONS PER ATTENDEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Richter Secretary | OfficerTrustee | 40 | $123,840 |
Joe Millstone Director | Trustee | 1 | $0 |
Tim Miklaucic Director | Trustee | 2 | $0 |
Diane Quevedo Director | Trustee | 1 | $0 |
Clint Mabie Director | Trustee | 1 | $0 |
Theresa Seifert Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $78,608 |
| All other contributions, gifts, grants, and similar amounts not included above | $615,123 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $693,731 |
| Total Program Service Revenue | $14,814 |
| Investment income | $2,999 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $142,903 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $854,447 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $465,340 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $33,539 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,353 |
| 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 | $8,055 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,461 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $802 |
| Insurance | $4,570 |
| All other expenses | $66,132 |
| Total functional expenses | $875,988 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $232,124 |
| Savings and temporary cash investments | $126,748 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,903 |
| 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 | $950 |
| Net Land, buildings, and equipment | $2,688 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $366,413 |
| Accounts payable and accrued expenses | $23,700 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,700 |
| Net assets without donor restrictions | $292,713 |
| Net assets with donor restrictions | $50,000 |
| 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 | $366,413 |