Overview
What is The Guitar Center Music Foundation?
The Guitar Center Music Foundation is a nonprofit organization, headquartered in Westlake Village, California, that prioritizes making music accessible to communities. They achieve this by donating financial and material resources to various educational and therapeutic music programs. Their mission is twofold: first, to promote the significance of music through educational and media initiatives, and second, to collaborate with other organizations to amplify this mission and reach a broader audience. The foundation has contributed to schools, music academies, symphonies, and other related programs by providing them with the necessary means to expand their services, thereby making music more accessible to a wider range of people.
Official website here: www.guitar center foundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (62%, Two-Star out of Four Star rating)
The Guitar Center Music Foundation has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. The overall score of 62% suggests that while the organization demonstrates some strengths, significant areas require attention, particularly in governance and transparency.
One of the foundation's notable strengths is its program expense ratio, which stands at an impressive 83.91%, indicating that a large portion of its funds is directed toward its mission. However, the foundation lacks independent board members, which raises concerns about governance and oversight. Additionally, financial statements have not been made available, limiting transparency regarding the organization's financial health.
While the foundation has implemented some important policies, such as conflict of interest and whistleblower protections, it still falls short in several critical areas. The absence of independent board members and missing financial documentation are significant limitations that could affect donor trust and long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Guitar Center Music Foundation?
Four reviews for The Guitar Center Music Foundation currently show a positive sentiment towards the organization. Participants express appreciation for the foundation's mission of making music accessible to everyone.
One reviewer highlights the foundation's commitment to giving back and facilitating opportunities for individuals to discover the joy of music creation. This underscores the core values of the nonprofit, demonstrating that it effectively supports its community and advocates for music education.
Overall, while the number of reviews is limited, the existing ones paint a favorable picture of The Guitar Center Music Foundation, indicating that it is dedicated to enriching lives through music.
This AI summary has been generated from reviews found on Facebook.
Is The Guitar Center Music Foundation legitimate?
The Guitar Center Music Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Guitar Center Music Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $23,499
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.guitar center foundation.org
What is the mission statement of The Guitar Center Music Foundation?
The Guitar Center Music Foundation's mission is to contribute resources to music education and therapy programs, enabling them to provide music opportunities to a wider audience within their served communities. They strive to emphasize the significance of music through educational initiatives and media outreach. The foundation also collaborates with other organizations, providing financial and in-kind resources, to collectively achieve their shared objectives. Financial grants have been awarded to various schools, music academies, symphonies, and other related programs.
Official website here: www.guitar center foundation.org
Who is the CEO of The Guitar Center Music Foundation?
Myka Miller is the Chairman of The Guitar Center Music Foundation.
Official website here: www.guitar center foundation.org
What is the revenue of The Guitar Center Music Foundation?
The Guitar Center Music Foundation's revenue in 2022 was $646,456.
Official website here: www.guitar center foundation.org
Who are the executives of The Guitar Center Music Foundation and what are their salaries?
The average compensation at The Guitar Center Music Foundation during 2022 was $23,499. There is 1 employee at The Guitar Center Music Foundation.
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Official website here: www.guitar center foundation.org
Where can I find the form 990 for The Guitar Center Music Foundation?
The Guitar Center Music Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.guitar center foundation.org
Learn more at the official website: www.guitar center foundation.org
Mission Statement of The Guitar Center Music Foundation
The Guitar Center Music Foundation, a nonprofit organization, is committed to donating resources to music education and therapy programs. Its mission is to make music accessible to a wider audience within the communities it serves. The foundation achieves this by providing financial and in-kind resources, collaborating with other organizations to share a common goal. Moreover, it promotes the significance of music through education and media initiatives. By offering grants to various schools, music academies, symphonies, and other programs with aligned goals, The Guitar Center Music Foundation contributes significantly to the expansion of music education and therapy programs, ultimately making music an accessible and enriching experience for many individuals.
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Impact
July, 2024
The Guitar Center Music Foundation has a significant impact on music education and therapy programs by donating resources to enable more people to access music opportunities. The foundation works to make music available to everyone in the communities it serves and emphasizes the importance of music through education and media initiatives. By providing financial and equipment grants to various schools, music academies, symphonies, and other related programs, the foundation collaborates with other organizations to achieve its common goal of promoting music education and therapy.
This information is meant to be a general summary of The Guitar Center Music Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $675,314
Assets and Liabilities:
- Total Assets: $445,468
- Total Liabilities: $0
- Net Assets: $445,468
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Organization Details
Founding Year
2005
Phone
(818) 706-8742Principal Officer
Myka Miller
Main Address
PO BOX 6185, Westlake Village, CA, 91359
NTEE Category
Code: A68 - Arts
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