Music Guild
- Assets
- $313.9k
- Revenue
- $313.2k
- Investments
- $0.0
- Employees
- 2
- Location
- Los Angeles, CA
- Founding
- 07/1946
- Data as of
- 06/2021
- EIN
- 95-6058359
Organization Overview
Music Guild is located in Los Angeles, CA. The organization was established in 1946. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Music Guild employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Music Guild 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, Music Guild generated $313.2k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $124.5k 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
THE MUSIC GUILD PRESENTS CHAMBER MUSIC CONCERTS BY THE FINEST ENSEMBLES IN LOS ANGELES AND PRESENTS CONCERTS TO THE UNDERPRIVILEGED, LEARNING CHALLENGED, AUTISTIC AND STUDENTS IN GRAMMAR SCHOOLS AND TO SENIOR AND ALZHEIMER'S PATIENT'S RESIDENCES AND FURNISHES PIANOS AND INSTRUMENTS TO CHURCHES, SCHOOL AND MUSIC TEACHERS AND MUSIC STUDENTS AT NO CHARGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUE TO THE COVID 19 PANDEMIC, WE WERE UNABLE TO HOST ANY OF OUR PROGRAMS AS IN OUR PREVIOUS 75 SEASONS. HOWEVER, THERE WERE EXPENSES INCURRED WHEN WE WERE PREPARING FOR OUR 76TH SEASON, EVEN THOUGH WE HAD TO BE CANCELLED THE ENTIRE SEASON DUE TO THE CONDITIONS OF THE VIRUS STILL BEING TO DANGEROUS TO GATHER PEOPLE TOGETHER IN AN AUDITORIUM.
DUE TO THE COVID 19 PANDEMIC, WE WERE UNABLE TO HOST ANY OF OUR PROGRAMS AS IN OUR PREVIOUS 75 SEASONS. HOWEVER, THERE WERE EXPENSES INCURRED WHEN WE WERE PREPARING FOR OUR 76TH SEASON, EVEN THOUGH WE HAD TO BE CANCELLED THE ENTIRE SEASON DUE TO THE CONDITIONS OF THE VIRUS STILL BEING TO DANGEROUS TO GATHER PEOPLE TOGETHER IN AN AUDITORIUM.
DUE TO THE COVID 19 PANDEMIC, WE WERE UNABLE TO HOST ANY OF OUR PROGRAMS AS IN OUR PREVIOUS 75 SEASONS. HOWEVER, THERE WERE EXPENSES INCURRED WHEN WE WERE PREPARING FOR OUR 76TH SEASON, EVEN THOUGH WE HAD TO BE CANCELLED THE ENTIRE SEASON DUE TO THE CONDITIONS OF THE VIRUS STILL BEING TO DANGEROUS TO GATHER PEOPLE TOGETHER IN AN AUDITORIUM.
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 |
|---|---|---|---|
Eugene Golden Secretary/director | OfficerTrustee | 50 | $36,000 |
Leslie Eber MD Vice-President/director | OfficerTrustee | 4 | $0 |
Adele Shapiro President/director | OfficerTrustee | 7 | $0 |
William Sloan MD Treasurer/director | OfficerTrustee | 1 | $0 |
Leslie M Klein Director | OfficerTrustee | 2 | $0 |
Wayne Gradman MD Director | OfficerTrustee | 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 | $309,237 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $309,237 |
| 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 | $4,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $313,237 |
| 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 | $34,402 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,702 |
| Payroll taxes | $2,917 |
| Fees for services: Management | $36,000 |
| 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 | $750 |
| Advertising and promotion | $0 |
| Office expenses | $11,648 |
| Information technology | $1,754 |
| Royalties | $0 |
| Occupancy | $18,600 |
| Travel | $600 |
| 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 | $1,329 |
| All other expenses | $0 |
| Total functional expenses | $124,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $223,194 |
| 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 | $90,714 |
| Total assets | $313,908 |
| 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 | $313,908 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $313,908 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Music Guild has recieved totaling $33,527.
| Awarding Organization | Amount |
|---|---|
Colburn Foundation Beverly Hills, CA PURPOSE: SUPPORT OF THE CLASSICAL ARTS | $13,500 |
Colburn Foundation Beverly Hills, CA PURPOSE: SUPPORT OF THE CLASSICAL ARTS | $10,000 |
Hennings-Fischer Foundation Anaheim, CA PURPOSE: GENERAL FUND | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Musicares Foundation Inc Santa Monica, CA | $28,828,154 | $32,357,649 |
San Francisco Jazz Organization San Francisco, CA | $64,965,614 | $11,913,007 |
Music Concourse Community Partnership San Francisco, CA | $31,271,076 | $4,428,131 |
Berkeley Music Group Berkeley, CA | $6,181,022 | $4,579,247 |
Kronos Performing Arts Assn San Francisco, CA | $1,591,460 | $2,774,082 |
Monterey Jazz Festival Monterey, CA | $3,593,346 | $4,129,138 |
Mosier Community School Foundation Inc Mosier, OR | $3,936,713 | $2,235,279 |
Carmel Bach Festival Inc Carmel, CA | $1,675,160 | $2,099,477 |
Camerata Pacifica Santa Barbara, CA | $1,526,106 | $1,221,933 |
American Bach Soloists San Francisco, CA | $908,845 | $1,282,181 |
Music For Minors Inc San Carlos, CA | $710,130 | $1,519,051 |
New West Symphony Association Thousand Oaks, CA | $774,216 | $1,642,962 |