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Guarneri Hall Nfp

Tax-deductible

Chicago, IL501(c)(3)Arts & CultureEIN 82-5203217Revenue $429K in FY2025

On file with the IRSguarnerihall.org11 E Adams St, 60603-6301 · Chicago, ILTax-exempt since Dec 2018Publicly supported charity — 170(b)(1)(A)(vi)

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Guarneri Hall NFPs mission is to facilitate music education and to record, preserve and disseminate musical performances with the goal of stimulating interest in classical music, especially in young people. Guarneri Hall NFP also provides assistance to classical music students, and up and coming professionals through instructional grants the facilitation of loans of high-quality musical instruments that they could not otherwise afford. These goals are accomplished through workshops aimed primarily toward the education of young music students and non-music students as well as workshops with aspiring music teachers, and through a variety of materials, which are accessible on the organizations website for a nominal cost.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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 3
filings with a surplus
Average surplus $26K a year · 8% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $42K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$155K
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 6 voting members
Concern: none of 6 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$429K
+30% vs prior year
Spent
$388K
To programs
90%
Net assets
$510K
By yearFY2021–FY2025
Revenue
$429K
FY2025▲ +30%
Tap a bar for its year
Revenue by fiscal year
FY2021$165K
FY2023$269K
FY2024$331K
FY2025$429K
Expenses
$388K
FY2025▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2023$261K
FY2024$301K
FY2025$388K
Net assets
$510K
FY2025▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2021$163K
FY2023$439K
FY2024$469K
FY2025$510K

From the FY2025 Form 990 (year ending May 2025) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2018.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $350K Management & general 25% · $99K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Stefan Hersh
President
$0Pt VII · Sec A
Neil Berg
Vice President
$0Pt VII · Sec A
Joann Berg
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Linda Berna
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Guarneri Hall Nfp executive salaries →

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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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Promotes classical music through education, performance preservation, and student support.

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Provided by the organization

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2 programs · $604K · in their own filed words · FY2024
01

Guarneri Hall NFP GH facilitates music education, musical performances and the recording, live-streaming and preservation of musical performances with the goal of stimulating interest in classical music, especially in young people. The organizational goals are accomplished through educational initiatives aimed toward the education of a.

$350Kprogram expense
02

Guarneri Hall NFP GH facilitates music education, musical performances and the recording, live-streaming and preservation of musical performances with the goal of stimulating interest in classical music, especially in young people. The organizational goals are accomplished through educational initiatives aimed toward the education of a.

$254Kprogram 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 · FY2024
The Chicago Community TrustFY2024$20K
Augusta Read Thomas and Bernard Rands TrFY2024$13K
Fidelity Investments Charitable Gift FundFY2024$7K
The Amphion Foundation INCFY2024$2K
Total grants receivedfrom 4 funders$42K
See all 4 funders →

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$429K
Ln 12
Gifts and grantsLn 1h$216K
Other incomeLn 4–11$115K
Fees for servicesLn 2g$99K
Money outPt IX
$388K
Ln 25
Programscol B$350K
Managementcol C$99K
Owns and owesPt X
$510K
net assets · Ln 32
Cash and savingsLn 1–2$26K
Total assetsLn 16$665K
LiabilitiesLn 26$155K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$216K
Government grantsLn 1e$19K
Fees for servicesLn 2g$99K
Other incomeLn 4–11$115K
Total revenueLn 12$429K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$26K
Total assetsLn 16$665K
LiabilitiesLn 26$155K
Net assetsLn 32$510K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $429K$388K$41K$510K 990 PDF
FY2024 $331K$301K$30K$469K 990 PDF
FY2023 $269K$261K$8K$439K 990 PDF
FY2022 Not on file
FY2021 $165K$163K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (1 part)
Part VI · Governance 0 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members0
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

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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