THE MUSIC GUILD THE MUSIC GUILD

EIN: 956058359 501(c)(3)

Los Angeles, CA

Total Revenue
$102,888
Total Expenses
$206,337
Total Assets
$277,252
Net Assets
$277,252
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
CA
Principal Officer
Eugene Golden
Phone
3105583500
Tax Period
2022-07-01 to 2023-06-30

THE MUSIC GUILD THE MUSIC GUILD, founded in 1945, is a small nonprofit that reported $103K in total revenue in fiscal year 2022. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $206K exceeded revenue, resulting in a 101% operating deficit.

Mission

The Music Guild presented six of the finest chamber music concerts with the greatest local chamber musicians throughout our 79th season. Our outreach activities include facilitating the adoption of pianos and other instruments by public and private schools, private music students, churches and libraries. Also, The Music Guild facilitated an instrument lending program to talented students which dynamically enhances their learning and performance abilities. It has been proven and documented that students who study to learn an instrument find improvement in all of their academic studies and social skills; proving that music is not a frill but an integral part of a student's life long quest for excellence.

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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 $74,943
Program Service Revenue $17,925
Investment Income $3,860
Other Revenue $6,160
TOTAL REVENUE $102,888

Expense Breakdown

Grants Paid $0
Salaries & Benefits $83,368
Fundraising Expenses $0
Program Expenses $113,068
Other Expenses $122,969
TOTAL EXPENSES $206,337

Year-over-Year Comparison

2022 2021 Change
Revenue $102,888 $261,577 -0.6%
Expenses $206,337 $194,784 +0.1%
Net Income $-103,449 $66,793 -2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
7
Independent Members
N/A
Employees
2
Volunteers
4

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
2
$44,000
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Eugene Golden Secretary/Director 50
Officer
$44,000 $0 $44,000
Leslie Eber MD Vice-President/Director 2
Director
$0 $0 $0
William Sloan MD Treasurer/Director 1
Director
$0 $0 $0
Leslie M Klein Director 1
Director
$0 $0 $0
Rosana Bogart Director 1
Director
$0 $0 $0
William Vestal Director 1
Director
$0 $0 $0
Adele Shapiro President/Director 3
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
2023 $102,888 $206,337 $277,252 $-103,449
2022 $261,577 $194,784 $380,701 $66,793
2021 $313,237 $124,470 $313,908 $188,767
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