Hold On To Your Music Inc
- Assets
- $2.4m
- Revenue
- $941.9k
- Investments
- $80.0k
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 12/2003
- Data as of
- 06/2022
- 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 06/2022, Hold On To Your Music Inc generated $941.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $292.6k during the year ending 06/2022. While expenses have increased by 3.0% 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
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 TWO MILLION MARK OF STUDENTS IMPACTED INCLUDING INTERNATIONAL REACH WITH PROJECTS IN SOUTH AFRICA AND ENGLAND. THE ORGANIZATION HAS ALSO IMPLEMENTED LARGE SCALE ONLINE RESOURCES AND LIVE STREAMING PERFORMANCES FOR SCHOOL DISTRICTS ACROSS AMERICA. THE ORGANIZATION ENTERED INTO A GROUND BREAKING PARTNERSHIP WITH THE STEVEN SPIELBERG USC SHOAH FOUNDATION TO BRING THE EDUCATIONAL MISSION TO STUDENTS ACROSS THE GLOBE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mona Golabek President And Secretary; D | OfficerTrustee | 40 | $0 |
Larry Post Director | Trustee | 1 | $0 |
Jaclyn Maduff VP And Treasurer; Executiv | OfficerTrustee | 25 | $51,000 |
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 | $881,380 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $881,380 |
| Total Program Service Revenue | $29,175 |
| Investment income | $34,476 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,587 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $411 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $941,855 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $89,761 |
| Grants and other assistance to domestic individuals. | $230 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $51,000 |
| Compensation of current officers, directors, key employees. | $25,500 |
| 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 | $9,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,594 |
| Advertising and promotion | $21,143 |
| Office expenses | $10,205 |
| Information technology | $4,211 |
| Royalties | $6,609 |
| Occupancy | $0 |
| Travel | $27,904 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $706 |
| Interest | $7 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,180 |
| All other expenses | $698 |
| Total functional expenses | $292,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $544,124 |
| Savings and temporary cash investments | $412,341 |
| 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 | $700,000 |
| Inventories for sale or use | $750 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $707,761 |
| Investments—other securities | $80,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,444,976 |
| Accounts payable and accrued expenses | $1,279 |
| 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 | $1,279 |
| 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 | $2,443,697 |
| Total liabilities and net assets/fund balances | $2,444,976 |
Grants Awarded
Over the last fiscal year, Hold On To Your Music Inc has awarded $80,478 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CLEVELAND PUBLIC SCHOOLS PURPOSE: BOOKS FOR STUDENTS | $11,250 |
CATHOLIC SCHOOL SERVICES PURPOSE: BOOKS FOR STUDENTS | $6,971 |
ATLANTA PUBLIC SCHOOLS PURPOSE: BOOKS FOR STUDENTS | $8,198 |
CLAYTON COUNTY PURPOSE: BOOKS FOR CHILDREN | $22,316 |
SAVANNAH ARTS ACADEMY PURPOSE: BOOKS FOR STUDENTS | $8,869 |
FULTON COUNTY SCHOOLS PURPOSE: BOOKS FOR STUDENTS | $8,665 |