Fender Play Foundation
- Assets
- $493.5k
- Revenue
- $216.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 02/2019
- Data as of
- 12/2022
- EIN
- 83-1018627
Organization Overview
Fender Play Foundation is located in Los Angeles, CA. The organization was established in 2019. 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. Fender Play Foundation 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 12/2022, Fender Play Foundation generated $216.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 36.6% each year . All expenses for the organization totaled $85.8k during the year ending 12/2022. 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
FENDER PLAY FOUNDATION'S MISSION IS TO SERVE AS A MEANINGFUL, SUSTAINABLE CATALYST FOR MUSIC EDUCATION. THE FOUNDATION BELIEVES: A -PHILANTHROPY SHOULD BE PASSIONATE AND STRATEGIC, B - THE POWER OF MUSIC CAN INSPIRE AND UNITE PEOPLE ACROSS CULTURAL BORDERS, C - ALL CHILDREN DESERVE ACCESS TO HIGH-QUALITY MUSIC ARTS EDUCATION, AND D - COLLABORATION AND DIVERSITY YIELD THE GREATEST OUTCOME. THE FOUNDATION FOCUSES IN EFFORTS IN SIX KEY AREAS: 1 INSTRUCTION - OUR FOCUS IS ON FRETTED INSTRUMENTS INCLUDING GUITAR, BASS, AND UKULELE. PROGRAMS PROVIDE EVERYTHING REQUIRED TO TEACH AND LEARN INCLUDING FENDER PLAY PERSONAL DIGITAL LEARNING. IN ADDITION TO INSTRUMENTS, WE PROVIDE REGULAR INSTRUMENT SERVICE AND ONGOING SUPPORT. 2 PERFORMANCE - LIVE MUSIC PERFORMANCE IS WHEN IT ALL COMES TO LIFE. FENDER PLAY FOUNDATION PROVIDES ALL THE GEAR NEEDED FOR RELEVANT, MODERN MUSICAL PERFORMANCE. 3 INSPIRATION - WE WANT TO OFFER AN ELEVATED SENSE OF BELONGING, SUPPORT, AND COMMITMENT TO STUDENTS IN OUR PROG
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROMOTES CHILDHOOD MUSICAL EDUCATION BY PROVIDING MUSICAL INSTRUMENTS, MONETARY FUNDING, AND INSTRUCTORS TO CHILDREN IN GRADES K-12, FOCUSING SPECIFICALLY ON SCHOOLS AND ORGANIZATIONS WITH UNDERSERVED POPULATIONS. THE FOUNDATION WILL ALSO SUPPORT FOUNDATIONS AND OTHER PROGRAMS THAT SUPPORT MUSIC EDUCATION THROUGH FUNDING AND MUSIC RESEARCH.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Magee Director | Trustee | 2 | $0 |
Evan Jones Director | Trustee | 2 | $0 |
Aarash Darroodi President | OfficerTrustee | 4 | $0 |
Isaiah Avila Director | Trustee | 2 | $0 |
Winston Cox Director | Trustee | 2 | $0 |
Andy Mooney Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $16,550 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $202,063 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $223,613 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,618 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $215,995 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,788 |
| 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 | $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 | $3,296 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,700 |
| Advertising and promotion | $16,500 |
| Office expenses | $688 |
| Information technology | $1,200 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,384 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $85,754 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $489,659 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,805 |
| Total assets | $493,464 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $493,464 |
| Total liabilities and net assets/fund balances | $493,464 |
Grants Awarded
Over the last fiscal year, Fender Play Foundation has awarded $605,099 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
B&GC WATTS WILLOWBROOK PURPOSE: Expand programming at the Club | $11,370 |
LA UNIFIED SCHOOL DISTRICT PURPOSE: Support School Musicc Programs | $46,154 |
LA UNIFIED SCHOOL DISTRICT PURPOSE: Support School Musicc Programs | $547,575 |