Fender Play Foundation

EIN: 831018627 501(c)(3) Arts, Culture & Humanities

Los Angeles, CA

Total Revenue
$215,995
Total Expenses
$85,754
Total Assets
$493,464
Net Assets
$493,464
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
CA
Principal Officer
Matt Annerino
Phone
3234622518
Tax Period
2022-01-01 to 2022-12-31

Fender Play Foundation, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $216K in total revenue in fiscal year 2022. Revenue fell 70% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $130K, a strong 60% operating margin.

Mission

Fender Play Foundation's mission is to serve as a meaningful, sustainable catalyst for music education. The Foundation believes: A -Philanthropy should be passionate and strategic, B - The power of music can inspire and unite people across cultural borders, C - All children deserve access to high-quality music arts education, and D - Collaboration and diversity yield the greatest outcome. The Foundation focuses in efforts in six key areas: 1 INSTRUCTION - Our focus is on fretted instruments including guitar, bass, and ukulele. Programs provide everything required to teach and learn including Fender Play personal digital learning. In addition to instruments, we provide regular instrument service and ongoing support. 2 PERFORMANCE - Live music performance is when it all comes to life. Fender Play Foundation provides all the gear needed for relevant, modern musical performance. 3 INSPIRATION - We want to offer an elevated sense of belonging, support, and commitment to students in our prog

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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 (2022)

Revenue Breakdown

Contributions & Grants $223,613
Program Service Revenue $0
Investment Income $0
Other Revenue $-7,618
TOTAL REVENUE $215,995

Expense Breakdown

Grants Paid $2,788
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $64,758
Other Expenses $82,966
TOTAL EXPENSES $85,754

Year-over-Year Comparison

2022 2021 Change
Revenue $215,995 $721,442 -0.7%
Expenses $85,754 $563,539 -0.8%
Net Income $130,241 $157,903 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
20

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
5
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ed Magee Director 2.00
Director
$0 $0 $0
Evan Jones Director 2.00
Director
$0 $0 $0
Aarash Darroodi President 4.00
Officer Director
$0 $0 $0
Isaiah Avila Director 2.00
Director
$0 $0 $0
Winston Cox Director 2.00
Director
$0 $0 $0
Andy Mooney Director 4.00
Director
$0 $0 $0
David Robinson Director 2.00
Director
$0 $0 $0
Rick Roskin Director 2.00
Director
$0 $0 $0
Matt Janopaul Treasurer 2.00
Officer Director
$0 $0 $0
Terry Lewis Director 2.00
Director
$0 $0 $0
Charmaine Jefferson Director 2.00
Director
$0 $0 $0
Twila True Director 2.00
Director
$0 $0 $0
Kathy Fletcher Director 2.00
Director
$0 $0 $0
Jim Lambert Vice President 2.00
Officer
$0 $0 $0
Matt Watts Vice President 2.00
Officer
$0 $0 $0
Danielle Koehler Secretary 2.00
Officer
$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
2022 $215,995 $85,754 $493,464 $130,241
2021 $721,442 $563,539 $363,223 $157,903
2020 $809,616 $644,675 $205,320 $164,941
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