Baltimore Classical Guitar Society FY2023 filing

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Organization is dedicated to fostering the awareness and appreciation of the Classical Guitar. We believe that the Guitar is an accessible and versatile instrument that is uniquely capable of bringing Classical music to everyone. We are dedicated to keeping up with our mission of educating the public about Classical Guitar.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
$55K 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

FY2023 · 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
4 of 5
filings with a surplus
Average surplus $86K a year · 35% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$55K
to officers and key staff · 25% of spending
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
33 mo
of spending, in cash
Looks good: 33.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $47K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$218K
+5% vs prior year
Spent
$219K
To programs
67%
Net assets
$604K
By yearFY2021–FY2025
Revenue
$218K
FY2023▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2021$201K
FY2022$207K
FY2023$218K
FY2024$289K
FY2025$307K
Expenses
$219K
FY2023▲ +73%
Tap a bar for its year
Expenses by fiscal year
FY2021$66K
FY2022$127K
FY2023$219K
FY2024$197K
FY2025$181K
Net assets
$604K
FY2023▲ +0.9%
Tap a bar for its year
Net assets by fiscal year
FY2021$518K
FY2022$599K
FY2023$604K
FY2024$694K
FY2025$820K

From the FY2023 Form 990 (year ending June 2023) · see the original

990 PDF Claim
You’re viewing the FY2023 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 Apr 1992.

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

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $148K Management & general 33% · $72K Fundraising 0% · $136

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

9 people listed on the 990; $55K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$47,000Pt VII · Sec A
Administrator
$8,455Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Administrator
$0Pt VII · Sec A
Administrator
$0Pt VII · Sec A
Administrator
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Artistic Advisor
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021
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.

See Baltimore Classical Guitar Society executive salaries →

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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3 programs · $148K · in their own filed words · FY2022
01

Concerts

$144Kprogram expense
02

Membership Subscription

$3Kprogram expense
03

Workshops/Lectures/Education

Pt IX · col B

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 · FY2024
Total grants receivedfrom 4 funders$47K
See all 4 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$218K
Ln 12
Gifts and grantsLn 1h$170K
Fees for servicesLn 2g$48K
Investment incomeLn 3$62
Money outPt IX
$219K
Ln 25
Programscol B$148K
Managementcol C$72K
Fundraisingcol D$136
Owns and owesPt X
$604K
net assets · Ln 32
Cash and savingsLn 1–2$604K
Total assetsLn 16$604K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$170K
Government grantsLn 1e$79K
Fees for servicesLn 2g$48K
Investment incomeLn 3$62
Total revenueLn 12$218K
Assets in detailPt X, end of year
CashLn 1$191K
SavingsLn 2$413K
Cash and savings togetherLn 1–2$604K
Total assetsLn 16$604K
LiabilitiesLn 26$0
Net assetsLn 32$604K
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$599K$604K
Total assetsLn 16$599K$604K
LiabilitiesLn 26$0$0
Net assetsLn 32$599K$604K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$56K$0$56K$0
Payroll taxesLn 10$4K$0$4K$0
Accounting feesLn 11c$1K$0$1K$0
Advertising and promotionLn 12$3K$3K$0$0
Office expensesLn 13$140$0$140$0
Conferences, conventions and meetingsLn 19$210$0$210$0
InsuranceLn 23$471$0$471$0
Other expenses (24a–d)Ln 24$138K$130K$8K$0
All other expensesLn 24e$16K$14K$2K$136
Total functional expensesLn 25$219K$148K$72K$136

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Nov 11, 2025 $307K$181K$126K$820K 990 PDF
FY2024Filed with the IRS Aug 26, 2024 $289K$197K$91K$694K 990 PDF
FY2023 ViewingFiled with the IRS Sep 12, 2023 $218K$219K−$1K$604K 990 PDF
FY2022Filed with the IRS Aug 15, 2022 $207K$127K$81K$599K 990 PDF
FY2021Filed with the IRS Nov 15, 2021 $201K$66K$135K$518K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $218,040 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $153,042$169,718
I-9 Program service revenuePrior year $54,095$48,260
I-10 Investment incomePrior year $122$62
I-11 Other revenue$0
I-12 Total revenuePrior year $207,259$218,040
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $61,702$59,537
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $65,050$159,860
I-18 Total expensesPrior year $126,752$219,397
I-19 Revenue less expensesPrior year $80,507−$1,357
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $218,040 across 7 lines filed
VIII-1b Membership dues$72,146
VIII-1e Government grants$79,058
VIII-1f All other contributions, gifts and grants$18,514
VIII-1h Total contributions, gifts and grants$169,718
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$48,260
VIII-3 Investment incomeUnrelated business $62 · Excluded from tax $0$62
VIII-12 Total revenueRelated to mission $48,260 · Unrelated business $62 · Excluded from tax $0$218,040
Part IX · Statement of functional expenses $219,397 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $55,787 · Fundraising $0$55,787
IX-10 Payroll taxesPrograms $0 · Management $3,750 · Fundraising $0$3,750
IX-11c Accounting feesPrograms $0 · Management $1,029 · Fundraising $0$1,029
IX-12 Advertising and promotionPrograms $3,461 · Management $0 · Fundraising $0$3,461
IX-13 Office expensesPrograms $0 · Management $140 · Fundraising $0$140
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $210 · Fundraising $0$210
IX-23 InsurancePrograms $0 · Management $471 · Fundraising $0$471
IX-24 Other expenses (24a–d)Programs $130,318 · Management $7,982 · Fundraising $0$138,300
IX-24e All other expensesPrograms $13,966 · Management $2,147 · Fundraising $136$16,249
IX-25 Total functional expensesPrograms $147,745 · Management $71,516 · Fundraising $136$219,397
Part X · Balance sheet $604,027 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $598,514$191,361
X-2 Savings and temporary cash investments$412,666
X-16 Total assetsStart of year $598,514$604,027
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $293,914$541,360
X-28 Net assets with donor restrictionsStart of year $304,600$62,667
X-32 Total net assets or fund balancesStart of year $598,514$604,027
X-33 Total liabilities and net assetsStart of year $598,514$604,027
Part XI · Reconciliation of net assets $604,027 net assets at year end
XI-1 Total revenue$218,040
XI-2 Total expenses$219,397
XI-3 Revenue less expenses−$1,357
XI-4 Net assets at start of year$598,514
XI-10 Net assets at end of year$604,027

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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