Overview
What is Guarneri Hall Nfp?
Guarneri Hall NFP, based in Chicago, Illinois, is a nonprofit organization dedicated to fostering classical music appreciation, particularly among young individuals. They achieve this mission through various educational initiatives, catering to three primary groups: pre-college students with no musical background, aspiring musicians, and collegiate and post-collegiate emerging professionals. The organization engages in music education, organizing workshops and disseminating educational materials at minimal costs, accessible via their website and YouTube channel. Guarneri Hall NFP also offers assistance to budding musicians, providing resources such as instruction, career guidance, and instrument loans. Their aim is to stimulate interest in classical music and support its future talents.
Official website here: www.guarnerihall.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
Guarneri Hall Nfp has received a low rating of 53% from Charity Navigator, indicating concerns regarding its accountability and financial practices. The organization lacks independent board members and does not have essential governance policies in place, such as a conflict of interest policy or a whistleblower policy. These shortcomings in transparency and governance could be a red flag for potential donors.
Despite the low accountability score, Guarneri Hall demonstrates a strong commitment to its mission with a program expense ratio of 90.94%, which suggests that a significant portion of its expenditures is directed towards its programs. Additionally, the organization has a low liabilities to assets ratio of 28.59%, indicating a solid financial position in terms of asset management.
However, the absence of independent oversight and crucial governance policies may deter some stakeholders from engaging with the organization. Overall, while Guarneri Hall Nfp shows promise in program spending, the lack of strong governance frameworks raises important questions about its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Guarneri Hall Nfp?
At this time, Guarneri Hall Nfp has received limited feedback, featuring just two reviews on Facebook. Here's a breakdown of what users have expressed:
Both reviews highlight the striking beauty of the venue, emphasizing its incredible acoustics. Those who have been to Guarneri Hall seem to appreciate the overall atmosphere and quality of the space, indicating a positive experience. Although the sample size is small and there aren't numerical ratings available yet, the comments reflect a strong recommendation from early visitors.
Overall, it appears that Guarneri Hall Nfp offers an appealing environment for music lovers and event attendees, with strong potential for future positive ratings as more guests have the opportunity to experience the venue.
This AI summary has been generated from reviews found on Facebook.
Is Guarneri Hall Nfp legitimate?
Guarneri Hall Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Guarneri Hall Nfp 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.guarnerihall.org
What is the mission statement of Guarneri Hall Nfp?
Guarneri Hall NFP's mission is centered around facilitating music education and preserving musical performances. Their primary goal is to stimulate interest in classical music, particularly among young people. To achieve this, they offer instructional workshops for young music students and non-music students, as well as aspiring music teachers. Additionally, they provide assistance to classical music students and up-and-coming professionals through instructional grants and the facilitation of loans for high-quality musical instruments. Their efforts are also extended through a variety of accessible materials on their website for a nominal cost.
Official website here: www.guarnerihall.org
Who is the CEO of Guarneri Hall Nfp?
Stefan Hersh is the President of Guarneri Hall Nfp.
Official website here: www.guarnerihall.org
What is the revenue of Guarneri Hall Nfp?
Guarneri Hall Nfp's revenue in 2022 was $664,771.
Official website here: www.guarnerihall.org
Who are the executives of Guarneri Hall Nfp and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.guarnerihall.org
Where can I find the form 990 for Guarneri Hall Nfp?
Guarneri Hall Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.guarnerihall.org
Learn more at the official website: www.guarnerihall.org
Mission Statement of Guarneri Hall Nfp
Guarneri Hall NFP is dedicated to promoting music education and preserving musical performances with a primary focus on stimulating interest in classical music, particularly among young people. The organization achieves these goals by providing instructional grants and facilitating loans of high-quality musical instruments to classical music students and up-and-coming professionals who may not otherwise be able to afford them. Guarneri Hall NFP accomplishes this mission through various workshops that cater primarily to the education of young music students and non-music students, as well as aspiring music teachers. The organization also offers a wide range of educational materials on its website for a nominal cost. By engaging in these activities, Guarneri Hall NFP strives to foster a love for classical music and provide opportunities for those pursuing careers in the field.
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Impact
July, 2024
Guarneri Hall NFP's impact is significant in stimulating interest in classical music, especially among young people. Through their music education programs, workshops, and the recording, live-streaming, and preservation of musical performances, Guarneri Hall NFP is actively engaging pre-college students with no music background, pre-college aspiring musicians, as well as collegiate and post-collegiate up-and-coming professional musicians. By providing instructional grants and facilitating loans of high-quality musical instruments, Guarneri Hall NFP is supporting classical music students and aspiring professionals who may not have access to such resources otherwise. Additionally, the organization's dissemination of video, audio, and print materials further contributes to their mission of promoting classical music education. This multi-faceted approach underscores Guarneri Hall NFP's commitment to nurturing the next generation of classical musicians and fostering a deeper appreciation for classical music in the community.
This information is meant to be a general summary of Guarneri Hall Nfp. 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.
- Program Service Revenue: $68,242
- Gross Receipts: $664,771
Assets and Liabilities:
- Total Assets: $537,650
- Total Liabilities: $106,305
- Net Assets: $431,345
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Guarneri Hall Events
Revenue
$66,229
Instrument Rental
Revenue
$1,013
Summer Academy
Revenue
$1,000
Organization Details
Founding Year
2018
Phone
(847) 780-6720Principal Officer
Stefan Hersh
Main Address
11 East Adams Street Ste 350A, Chicago, IL, 60603
Website
www.guarnerihall.orgNTEE Category
Code: A68 - Arts
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