Hold On To Your Music Inc
- Assets
- $1.8m
- Revenue
- $503.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 12/2003
- Data as of
- 06/2021
- EIN
- 55-0822285
Organization Overview
Hold On To Your Music Inc is located in Los Angeles, CA. The organization was established in 2003. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hold On To Your Music Inc 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 06/2021, Hold On To Your Music Inc generated $503.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $167.9k during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE CHILDREN ABOUT MUSIC AND HISTORY OF THE HOLOCAUST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PARTNERS WITH DIFFERENT SCHOOL DISTRICTS AND/OR ORGANIZATIONS WITH SIMILAR INTERESTS AND PROVIDES BOOKS TO STUDENTS, TEACHES THE EDUCATORS HOW TO "TEACH THE BOOK". ONCE THE CHILDREN HAVE READ THE BOOKS, CREATED PROJECTS, MONA GOLABEK, THE FOUNDER OF THE ORGANIZATION, VISITS THE CITY, ARRANGES FOR THE VENUE, STUDENT SAFETY, TRANSPORTATIONS, ETC., AND TELLS THE STORY AND PERFORMS THE MUSIC. IN THE PAST YEARS, APPROXIMATELY 350,000 STUDENTS HAD THE LEARNING OPPORTUNITY ABOUT MUSIC AND HISTORY OF THE HOLOCAUST. THE PROGRAM HAS GROWN DRAMATICALLY AND PASSED THE HALF MILLION MARK OF STUDENTS IMPACTED INCLUDING INTERNATIONAL REACH WITH PROJECTS IN SOUTH AFRICA AND ENGLAND. THE ORGANIZATION HAS ALSOIMPLEMENTED LARGE SCALE ONLINE RESOURCES AND LIVE STREAMING PERFORMANCES FOR SCHOOL DISTRICTS ACROSS AMERICA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaclyn Maduff VP And Treasurer; Executive Director | OfficerTrustee | 25 | $42,250 |
Mona Golabek President And Secretary; Director | OfficerTrustee | 40 | $0 |
Larry Post Director | Trustee | 1 | $0 |
Patti Kenner Director | Trustee | 1 | $0 |
Fred Leeds Director | Trustee | 1 | $0 |
Moses Libitzky Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $410,624 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $410,624 |
| Total Program Service Revenue | $5,014 |
| Investment income | $65,410 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,342 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $26,113 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $503,819 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,288 |
| 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. | $41,086 |
| Compensation of current officers, directors, key employees. | $20,543 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $48,657 |
| Advertising and promotion | $0 |
| Office expenses | $4,176 |
| Information technology | $7,483 |
| Royalties | $1,025 |
| Occupancy | $0 |
| Travel | $13,328 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,099 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,180 |
| All other expenses | $158 |
| Total functional expenses | $167,903 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $807,885 |
| Savings and temporary cash investments | $299,549 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $500,000 |
| Inventories for sale or use | $750 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $187,700 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,795,884 |
| Accounts payable and accrued expenses | $1,456 |
| 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 | $1,456 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $1,794,428 |
| Total liabilities and net assets/fund balances | $1,795,884 |
Grants Awarded
Over the last fiscal year, Hold On To Your Music Inc has awarded $20,350 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: EMERGENCY FUND | $5,175 |
San Francisco, CA PURPOSE: EMERGENCY FUND | $5,175 |
Los Angeles, CA PURPOSE: SUPPORT OF ORGANIZATION'S MISSION | $5,000 |
Los Angeles, CA PURPOSE: SUPPORT OF ORGANIZATION'S MISSION | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Hold On To Your Music Inc has recieved totaling $718,000.
| Awarding Organization | Amount |
|---|---|
Zell Family Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $525,000 |
Zell Family Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $175,000 |
Lawrence And Sandra Post Family Foundation Thousand Oaks, CA PURPOSE: HOLOCAUST EDUCATION | $18,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Magnolia Educational & Research Foundation Los Angeles, CA | $67,129,472 | $66,230,945 |
Panda Cares Foundation Inc Las Vegas, NV | $37,372,072 | $45,451,718 |
Xq Institute Oakland, CA | $14,589,368 | $51,717,404 |
Room To Read San Francisco, CA | $51,354,748 | $61,954,261 |
South Bay Workforce Investment Board Inc Hawthorne, CA | $7,623,488 | $36,083,167 |
Compass Charter Schools Thousand Oaks, CA | $14,467,036 | $29,961,787 |
New Teacher Center Santa Cruz, CA | $27,814,525 | $27,076,985 |
Alpha Public Schools Inc San Jose, CA | $20,794,542 | $26,321,038 |
Give To Learn To Grow Foundation Culver City, CA | $40,470 | $188,892 |
Live Oak A Learning Center For Children San Francisco, CA | $40,489,721 | $19,594,406 |
Biocomx Dana Point, CA | $308,692 | $15,969,949 |
Open Up Resources Menlo Park, CA | $29,661,554 | $16,279,319 |