Lead Guitar establishes permanent in-school Guitar ensemble classes in public schools with low access to the arts. Our highly-qualified teaching artists use our arts standards-based curriculum to teach students to play and train teachers to teach Guitar -see statement o

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$126K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $162K a year · 16% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$126K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$30K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 15 voting members
Looks good: 14 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
+126% vs prior year
Spent
$1.1M
To programs
73%
Net assets
$1.2M
By yearFY2021–FY2025
Revenue
$1.9M
FY2024▲ +126%
Tap a bar for its year
Revenue by fiscal year
FY2021$604K
FY2022$804K
FY2023$854K
FY2024$1.9M
FY2025$822K
Expenses
$1.1M
FY2024▲ +28%
Tap a bar for its year
Expenses by fiscal year
FY2021$505K
FY2022$638K
FY2023$876K
FY2024$1.1M
FY2025$1.1M
Net assets
$1.2M
FY2024▲ +236%
Tap a bar for its year
Net assets by fiscal year
FY2021$199K
FY2022$365K
FY2023$343K
FY2024$1.2M
FY2025$901K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $816K Management & general 14% · $152K Fundraising 14% · $157K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $126K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Secretary, E
$126,473Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Brad Richter’s $112K as Secretary, E is at the 93rd percentile of top reported officer pay among 2215 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Brad Richter$112,325$126,473$123,840$64,215$14,400

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Establishes in-school guitar classes and trains teachers in public schools lacking arts access.

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Provided by the organization

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1 program · $816K · in their own filed words · FY2023
01

In the 2023-24 academic year, lead guitar served 245 classrooms in 101 schools in 6 states, teaching 7,569 students to play guitar and 122 public school teachers to teach guitar. Lead guitar brought professional guitarists to 21 in-school assemblies over the school year and hosted six spring showcase concerts in april and may 2024.

$816Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$8K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Gifts and grantsLn 1h$2.0M
Fees for servicesLn 2g$17K
Investment incomeLn 3$8K
Money outPt IX
$1.1M
Ln 25
Programscol B$816K
Managementcol C$152K
Fundraisingcol D$157K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$344K
Total assetsLn 16$1.2M
LiabilitiesLn 26$30K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Government grantsLn 1e$113K
Noncash giftsLn 1g$387K
Fundraising eventsLn 1c$206K
Fees for servicesLn 2g$17K
Investment incomeLn 3$8K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$86K
SavingsLn 2$258K
Cash and savings togetherLn 1–2$344K
Land, buildings, equipmentLn 10c$385K
Total assetsLn 16$1.2M
LiabilitiesLn 26$30K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 511
VolunteersI 612
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$359K$344K
Land, buildings, equipmentLn 10c$3K$385K
Total assetsLn 16$366K$1.2M
LiabilitiesLn 26$24K$30K
Net assetsLn 32$343K$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$138K$83K$14K$41K
Other salaries and wagesLn 7$423K$273K$69K$81K
Pension plan contributionsLn 8$11K$7K$2K$2K
Other employee benefitsLn 9$30K$19K$4K$7K
Payroll taxesLn 10$44K$28K$7K$10K
Management feesLn 11a$8K$8K$500
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$7K$7K
Office expensesLn 13$11K$2K$7K$2K
Information technologyLn 14$7K$7K$236
OccupancyLn 16$18K$18K
TravelLn 17$13K$13K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$388K$382K$7K
Total functional expensesLn 25$1.1M$816K$152K$157K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $822K$1.1M−$240K$901K 990 PDF
FY2024 Viewing $1.9M$1.1M$808K$1.2M 990 PDF
FY2023 $854K$876K−$22K$343K 990 PDF
FY2022 $804K$638K$167K$365K 990 PDF
FY2021 $604K$505K$99K$199K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,932,357 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $693,731$1,967,100
I-9 Program service revenuePrior year $14,814$16,655
I-10 Investment incomePrior year $2,999$7,681
I-11 Other revenuePrior year $142,903−$59,079
I-12 Total revenuePrior year $854,447$1,932,357
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $498,879$647,105
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $377,109$476,868
I-18 Total expensesPrior year $875,988$1,123,973
I-19 Revenue less expensesPrior year −$21,541$808,384
Part VI · Governance 14 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,932,357 across 9 lines filed
VIII-1c Fundraising events$206,302
VIII-1e Government grants$112,910
VIII-1f All other contributions, gifts and grants$1,647,888
VIII-1g Noncash contributions (included above)$386,900
VIII-1h Total contributions, gifts and grants$1,967,100
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,655$16,655
VIII-3 Investment incomeExcluded from tax $7,681$7,681
VIII-8 Net income from fundraising eventsExcluded from tax −$59,079−$59,079
VIII-12 Total revenueRelated to mission $16,655 · Excluded from tax −$51,398$1,932,357
Part IX · Statement of functional expenses $1,123,973 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $82,872 · Management $13,812 · Fundraising $41,436$138,120
IX-7 Other salaries and wagesPrograms $273,071 · Management $68,980 · Fundraising $80,801$422,852
IX-8 Pension plan contributionsPrograms $7,110 · Management $1,654 · Fundraising $2,441$11,205
IX-9 Other employee benefitsPrograms $19,348 · Management $4,500 · Fundraising $6,646$30,494
IX-10 Payroll taxesPrograms $28,194 · Management $6,558 · Fundraising $9,682$44,434
IX-11a Management feesPrograms $7,533 · Management $500$8,033
IX-11b Legal feesManagement $1,135$1,135
IX-11c Accounting feesManagement $15,600$15,600
IX-11g Other fees for servicesFundraising $6,825$6,825
IX-13 Office expensesPrograms $2,305 · Management $6,933 · Fundraising $1,859$11,097
IX-14 Information technologyManagement $6,945 · Fundraising $236$7,181
IX-16 OccupancyManagement $17,676$17,676
IX-17 TravelPrograms $13,386$13,386
IX-22 Depreciation, depletion and amortizationManagement $3,687$3,687
IX-23 InsuranceManagement $3,770$3,770
IX-24 Other expenses (24a–d)Programs $381,708 · Fundraising $6,770$388,478
IX-25 Total functional expensesPrograms $815,527 · Management $151,750 · Fundraising $156,696$1,123,973
Part X · Balance sheet $1,180,837 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $232,124$86,084
X-2 Savings and temporary cash investmentsStart of year $126,748$257,998
X-3 Pledges and grants receivable$448,416
X-4 Accounts receivableStart of year $3,903$3,338
X-10c Land, buildings and equipment, netStart of year $2,688$385,001
X-16 Total assetsStart of year $366,413$1,180,837
X-17 Accounts payable and accrued expensesStart of year $23,700$29,740
X-26 Total liabilitiesStart of year $23,700$29,740
X-27 Net assets without donor restrictionsStart of year $292,713$652,637
X-28 Net assets with donor restrictionsStart of year $50,000$498,460
X-32 Total net assets or fund balancesStart of year $342,713$1,151,097
X-33 Total liabilities and net assetsStart of year $366,413$1,180,837
Part XI · Reconciliation of net assets $1,151,097 net assets at year end
XI-1 Total revenue$1,932,357
XI-2 Total expenses$1,123,973
XI-3 Revenue less expenses$808,384
XI-4 Net assets at start of year$342,713
XI-10 Net assets at end of year$1,151,097

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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