Guitar Foundation of America

EIN: 510147668 501(c)(3) Arts, Culture & Humanities

Los Angeles, CA

Total Revenue
$462,510
Total Expenses
$439,303
Total Assets
$395,475
Net Assets
$194,197
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
CA
Principal Officer
Martha Masters
Phone
8775701651
Tax Period
2024-09-01 to 2025-08-31

Guitar Foundation of America, founded in 1973, is a small nonprofit in the Arts, Culture & Humanities sector that reported $463K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $439K left a modest 5% surplus.

Mission

The Guitar Foundation of America inspires artistry, builds community, and promotes the classical guitar internationally through excellence in performance, literature, education and research.

Program Service Accomplishments

Program 1
Expenses: $323,367 Revenue: $229,526

The GFA has been dedicated as a nonprofit organization supporting the development of the classical guitar community since its inception in 1973 at the National GuitarConvention sponsored by the...

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The GFA has been dedicated as a nonprofit organization supporting the development of the classical guitar community since its inception in 1973 at the National GuitarConvention sponsored by the American String Teachers Association (ASTA). It has, since the 1970's, published the quarterly journal Soundboard, annual scholarly journal, Soundboard Scholar, and quarterly youth oriented publication Prodigies; established a large archive of scores, books and manuscripts; hosted the annual GFA Convection and musical performance competitions including the prestigiousInternational Concert Artist Competition and International Youth Competitions; commissioned composers of classical guitar music; organized the annual GFA-sponsored competition winner's concert tour currently comprised of approximately 50 concerts around the United States; held multiple annual Regional Symposia(one day mini-conventions) in various locations; and stablished pre-college classical guitar programs in cities across the country.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $222,530
Program Service Revenue $229,526
Investment Income $7,751
Other Revenue $2,703
TOTAL REVENUE $462,510

Expense Breakdown

Grants Paid $0
Salaries & Benefits $105,731
Fundraising Expenses $0
Program Expenses $323,367
Other Expenses $333,572
TOTAL EXPENSES $439,303

Year-over-Year Comparison

2024 2023 Change
Revenue $462,510 $554,451 -0.2%
Expenses $439,303 $554,356 -0.2%
Net Income $23,207 $95 +243.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
21
Independent Members
18
Employees
6
Volunteers
6

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$19,000
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Martha Masters President 10.00
Officer
$19,000 $0 $19,000
Carol Sanders Treasurer 2.00
Officer Director
$0 $0 $0
Matthew Cochran Board Member 1.00
Director
$0 $0 $0
Brian Head Artistic Dir. 1.00
Officer Director
$0 $0 $0
Chris Mallett Board Chair 1.00
Officer Director
$0 $0 $0
Monica Davisson Board Member 1.00
Director
$0 $0 $0
Ron Friedman Board Member 1.00
Director
$0 $0 $0
Zo Johnstone-Stewart Board Member 1.00
Director
$0 $0 $0
Judical Perroy Board Member 1.00
Director
$0 $0 $0
Michael Partington Board Member 1.00
Director
$0 $0 $0
Rene Izquierdo Board Member 1.00
Director
$0 $0 $0
Kami Rowan Board Member 1.00
Director
$0 $0 $0
Nathan Fisher Board Member 1.00
Director
$0 $0 $0
MaryLou Roberts Board Member 1.00
Director
$0 $0 $0
Sonia Wilczewski Board Member 1.00
Director
$0 $0 $0
Eric Sakurai Board Member 1.00
Director
$0 $0 $0
Ciyadh Wells Board Member 1.00
Director
$0 $0 $0
Loong Yong Board member 1.00
Director
$0 $0 $0
Brad DeRoche Board Member 1.00
Director
$0 $0 $0
Heidi Aggeler Board Member 1.00
Director
$0 $0 $0
Abigail Aronson Zocher Board Member 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $462,510 $439,303 $395,475 $23,207
2024 $554,451 $554,356 $378,702 $95
2023 $652,912 $699,839 $331,170 $-46,927
2022 $424,278 $445,994 $363,731 $-21,716
2021 $284,501 $285,647 $442,312 $-1,146
2020 $321,090 $264,636 $371,981 $56,454
2019 $439,154 $416,619 $295,347 $22,535
2018 $413,519 $388,425 $266,558 $25,094
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