Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1992.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
77 cents of each dollar spent went to programs.
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
7 people listed on the 990; $81K paid to officers and key staff.
Asgerdur Sigurdardottir’s $70K as President is at the 64th percentile of top reported officer pay among 2216 $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 · 3 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Asgerdur Sigurdardottir | $70,000 | $60,000 | $47,000 | $55,000 | $25,000 |
| Edwige Griffith | $9,096 | $6,787 | $8,455 | $6,702 | $6,398 |
| Risa Carlson | $1,500 | — | — | — | — |
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 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Promotes classical guitar music through education and appreciation events.
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International Concert Series
The BCGS brings the whos who in classical guitar from around the world to perform in baltimore each year. From grammy-winning superstars to young rising stars, as well as showcases with local artists and eensembles.
Lullaby Project
The lullaby project seeks to bring social change to underserved communities through the guitar. We pair a grammy-winning artist with partcipants, and together they write a personal lullaby.
Guitars for Change
Guitars for change is an after-school program in which we identity immigrant youth at risk and give them free guitars and lessons in an after-school program. The program is run in an area that has aggressive gang activity, and immigrant children are especially at risk for induction into a gang because there are fewer after-school…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $694K | $820K |
| Total assetsLn 16 | $694K | $820K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $694K | $820K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $79K | $52K | $27K | $0 |
| Management feesLn 11a | $15K | $8K | $7K | $0 |
| Accounting feesLn 11c | $1K | $0 | $1K | $0 |
| Advertising and promotionLn 12 | $13K | $13K | $0 | $0 |
| Office expensesLn 13 | $552 | $0 | $552 | $0 |
| InsuranceLn 23 | $513 | $0 | $513 | $0 |
| Other expenses (24a–d)Ln 24 | $61K | $56K | $4K | $0 |
| All other expensesLn 24e | $11K | $10K | $2K | $0 |
| Total functional expensesLn 25 | $181K | $139K | $42K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $307K | $181K | $126K | $820K | 990 PDF |
| FY2024 | $289K | $197K | $91K | $694K | 990 PDF |
| FY2023 | $218K | $219K | −$1K | $604K | 990 PDF |
| FY2022 | $207K | $127K | $81K | $599K | 990 PDF |
| FY2021 | $201K | $66K | $135K | $518K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $307,151 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, 4 to look at
Part VIII · Statement of revenue $307,151 across 7 lines filed
Part IX · Statement of functional expenses $181,085 across 8 lines filed
Part X · Balance sheet $819,753 assets, 8 lines filed
Part XI · Reconciliation of net assets $819,753 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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