Lead Guitar
- Assets
- $382.4k
- Revenue
- $804.5k
- Investments
- $0.0
- Employees
- 11
- Location
- Tucson, AZ
- Founding
- 11/2008
- Data as of
- 06/2022
- 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 06/2022, Lead Guitar employed 11 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 06/2022, Lead Guitar generated $804.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.3% each year . All expenses for the organization totaled $637.8k during the year ending 06/2022. While expenses have increased by 23.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
LEAD GUITAR ESTABLISHES PERMANENT IN-SCHOOL GUITAR ENSEMBLE CLASSES IN PUBLIC SCHOOLS WITH LOW ACCESS TO THE ARTS. OUR HIGHLY-QUALIFIED TEACHING ARTISTS USE OUR ARTS STANDARDS-BASED CURRICULUM TO TEACH STUDENTS TO PLAY AND TRAIN TEACHERS TO TEACH GUITAR -SEE STATEMENT O
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE 2021-22 ACADEMIC YEAR, LEAD GUITAR SERVED 77 SCHOOLS IN 5 STATES, TEACHING 4,374 STUDENTS TO PLAY GUITAR AND 86 PUBLIC SCHOOL TEACHERS TO TEACH GUITAR. STUDENTS SERVED HAS STABILIZED FOLLOWING COVID-19 AND REMOTE-LEARNING, AND ALL SCHOOLS HAVE RESUMED IN-PERSON LEARNING. LEAD GUITAR CARRIED OUT SOME EXPERIENTIAL LEARNING OPPORTUNITIES, SUCH AS SHOWCASE CONCERTS AND TEACHER PROFESSIONAL DEVELOPMENT IN COMMUNUTIES WHERE IT WAS SAFE TO DO SO, AS WELL AS PROVIDED A YOUTUBE BROADCAST FOR STUDENTS TO HAVE A ALTERNATIVE PERFORMANCE OUTLET. LEAD GUITAR HOSTED 3 SPRING SHOWCASE CONCERTS IN APRIL AND MAY 2022.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. OUR ARCHIVE OF BROADCASTS CAN BE FOUND HERE: HTTPS://WWW.LEADGUITAR.ORG/WE-ARE-GUITAR. AS PART OF THE ONGOING PROGRAM, LEAD GUITAR PROVIDES ANNUAL TEACHERS WORKSHOPS FOR K-12 TEACHER PROFESSIONAL DEVELOPMENT. LEAD GUITAR PROVIDED UP TO 8 HOURS OF PROFESSIONAL DEVELOPMENT SESSIONS FOR 86 CERTIFIED PUBLIC SCHOOLS TEACHERS IN TUCSON, PHOENIX, LOS ANGELES, DENVER, CHICAGO, AND ATLANTA. WE HOSTED THIS WORKSHOP FOR SECOND TIME AS AN ONLINE WEBINAR FOR TEACHERS AND 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 | 34 | $64,215 |
Marc Sandroff Presidentceo | OfficerTrustee | 5 | $0 |
Diane Quevedo Director | Trustee | 1 | $0 |
Tim Miklaucic Director | Trustee | 2 | $0 |
Clint Mabie Director | Trustee | 1 | $0 |
Joe Millstone Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $74,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $565,136 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $639,236 |
| Total Program Service Revenue | $8,595 |
| Investment income | $13 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $156,646 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $804,490 |
| 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 | $280,079 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,959 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,625 |
| Fees for services: Accounting | $5,925 |
| 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 | $2,543 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $371 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,345 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $622 |
| Insurance | $3,067 |
| All other expenses | $59,219 |
| Total functional expenses | $637,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $298,985 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $75,450 |
| Accounts receivable, net | $12 |
| 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 | $6,204 |
| Net Land, buildings, and equipment | $1,736 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $382,387 |
| Accounts payable and accrued expenses | $16,899 |
| 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 | $16,899 |
| Net assets without donor restrictions | $315,488 |
| 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 | $382,387 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Lead Guitar has recieved totaling $106,082.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $70,000 |
Jewish Community Foundation Of Southern Arizona Tucson, AZ PURPOSE: SUPPORT | $26,000 |
Employees Community Fund Of The Boeing Company Chicago, IL PURPOSE: COMMUNITY SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $82 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Colburn School Los Angeles, CA | $335,953,493 | $44,139,579 |
Music Associates Of Aspen Inc Aspen, CO | $125,000,117 | $22,688,530 |
Music Academy Of The West Santa Barbara, CA | $120,750,921 | $15,444,605 |
Community Music Center San Francisco, CA | $15,281,174 | $7,950,655 |
Community School Of Music And Arts Mountain View, CA | $18,628,663 | $6,488,682 |
Hale Center Foundation For The Arts And Education Orem, UT | $4,571,112 | $5,633,884 |
East Bay Center For The Performing Arts Richmond, CA | $17,638,229 | $4,210,824 |
Pasadena Conservatory Of Music Pasadena, CA | $15,881,465 | $7,957,752 |
Rlg Land Foundation Bakersfield, CA | $25,153,075 | $1,533,826 |
Etm-La Inc Burbank, CA | $1,833,553 | $2,704,236 |
Stanford Jazz Workshop Stanford, CA | $2,242,976 | $2,072,120 |
College Of Adaptive Arts Saratoga, CA | $617,789 | $1,346,565 |