Overview
What is Fender Play Foundation?
Fender Play Foundation is a nonprofit organization located in Los Angeles, California, with a strong commitment to fostering musical education among children in grades K-12, particularly those from underserved populations. The foundation's mission is twofold: first, it aims to be a passionate and strategic philanthropic entity that harnesses the transformative power of music to bridge cultural divides. Second, it strives to ensure that all children have access to high-quality music arts education. To achieve these goals, Fender Play Foundation concentrates its efforts in six key areas: instruction, performance, inspiration, access, advocacy, and innovation. By focusing on fretted instruments such as guitar, bass, and ukulele, the foundation offers comprehensive learning resources, regular instrument maintenance, and ongoing support through digital platforms like Fender Play. Additionally, Fender Play Foundation encourages live music performance and aims to empower students by fostering a sense of belonging, support, and commitment.
Official website here: www.fenderplayfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
The Fender Play Foundation has achieved an 83% rating from Charity Navigator, reflecting a solid performance in the area of accountability and finance. This rating is based entirely on a single beacon score, which emphasizes the organization's commitment to transparent financial practices and effective governance. The foundation boasts a fully independent board and has no reported material diversion of assets, which are significant indicators of reliability and integrity in nonprofit management.
Strengths include a high program expense ratio of 88.93%, suggesting that a substantial portion of its funds is directed toward its mission-related activities. The foundation also demonstrates best practices with policies on conflict of interest and proper documentation of board meetings. However, it has been noted that the whistleblower and document retention policies are missing, which could indicate areas for improvement in governance practices.
While the overall rating is commendable, the absence of certain policies may raise questions about the organization's commitment to comprehensive governance. Ensuring these policies are in place could enhance its accountability and build greater trust with stakeholders. Overall, the Fender Play Foundation is positioned well but has opportunities to further strengthen its operational protocols.
This AI summary has been generated from information found on Charity Navigator.
Is Fender Play Foundation legitimate?
Fender Play Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fender Play 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.
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Official website here: www.fenderplayfoundation.org
What is the mission statement of Fender Play Foundation?
The Fender Play Foundation's mission is centered around serving as a significant and enduring catalyst for music education. The organization firmly believes in the power of music to inspire and unite people across cultural divides. They are passionate about the importance of high-quality music arts education for all children and recognize that collaboration and diversity lead to the most impactful outcomes. The Foundation focuses its efforts in six key areas, including instruction on fretted instruments like guitar, bass, and ukulele, live music performances, and providing a sense of belonging, support, and commitment to students through various initiatives.
Official website here: www.fenderplayfoundation.org
Who is the CEO of Fender Play Foundation?
Ed Magee is the President of Fender Play Foundation.
Official website here: www.fenderplayfoundation.org
What is the revenue of Fender Play Foundation?
Fender Play Foundation's revenue in 2021 was $721,442.
Official website here: www.fenderplayfoundation.org
Who are the executives of Fender Play Foundation and what are their salaries?
There 20 volunteers at Fender Play Foundation.
Here are 15 key members and their salaries:
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Official website here: www.fenderplayfoundation.org
Where can I find the form 990 for Fender Play Foundation?
Fender Play Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.fenderplayfoundation.org
Learn more at the official website: www.fenderplayfoundation.org
Mission Statement of Fender Play Foundation
The Fender Play Foundation is committed to serving as a passionate and strategic philanthropic force, aiming to catalyze meaningful and sustainable music education. The organization believes in the power of music to inspire and unite individuals across cultural boundaries. Recognizing the importance of quality music arts education, the Foundation strives to ensure that all children have access to it. Fender Play Foundation also values collaboration and diversity, believing that these elements lead to the greatest outcomes.
In line with its mission, the Foundation directs its efforts towards six key areas. Firstly, it focuses on instruction, particularly fretted instruments such as guitar, bass, and ukulele. The Foundation's programs offer comprehensive learning solutions, including Fender Play personal digital learning, instruments, regular maintenance, and ongoing support.
Secondly, the Fender Play Foundation emphasizes performance, recognizing that live music brings performances to life. To facilitate this, the Foundation provides the necessary gear for modern and relevant musical performances.
Lastly, the Foundation seeks to inspire and support its students, offering an elevated sense of belonging, commitment, and support. Through its Random Acts of Inspiration (R.A.I.) program, it aims to positively impact the lives of those in its music education programs. In all its endeavors, the Fender Play Foundation is dedicated to making a difference in music education, believing in the transformative power of music.
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Impact
July, 2024
Fender Play Foundation's impact can be seen in the significant strides it has made towards promoting childhood musical education. By providing musical instruments and monetary funding to children in grades K-12, with a specific focus on schools and organizations serving underserved populations, the Foundation is ensuring that all children have access to high-quality music arts education. Its belief in the power of music to inspire and unite people across cultural borders has driven its efforts in six key areas: instruction, performance, and inspiration. Through programs that focus on fretted instruments like guitar, bass, and ukulele, as well as providing the necessary gear for live music performance, the Foundation is creating meaningful opportunities for young musicians to learn, grow, and showcase their talents. Overall, Fender Play Foundation's commitment to collaboration and diversity is yielding positive outcomes in the realm of music education and personal development for children across various communities.
This information is meant to be a general summary of Fender Play 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 2021.
- Gross Receipts: $721,442
Assets and Liabilities:
- Total Assets: $363,223
- Total Liabilities: $0
- Net Assets: $363,223
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Organization Details
Founding Year
2018
Phone
(323) 462-2518Principal Officer
Ed Magee
Main Address
1575 N Gower St 170, Los Angeles, CA, 90028
Website
www.fenderplayfoundation.orgNTEE Category
Code: A68 - Arts
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