1 Million Guitars
- Assets
- $26.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2018
- Data as of
- 12/2021
- EIN
- 82-3323753
Organization Overview
1 Million Guitars is located in New York, NY. The organization was established in 2018. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 1 Million Guitars 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 12/2021, 1 Million Guitars generated $33.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.6%) each year. All expenses for the organization totaled $29.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (25.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
MUSICAL INSTRUMENTS PROGRAM EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edo Segal President | 0 | $0 | |
Eric Bland Director | 0 | $0 | |
David Broza Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,181 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $33,181 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $4,376 |
| Other expenses | $25,100 |
| Total expenses | $29,476 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,980 |
| Other assets | $0 |
| Total assets | $25,980 |
| Total liabilities | $0 |
| Net assets or fund balances | $25,980 |