The Music Guild FY2021 filing

Tax-deductible

Los Angeles, CA501(c)(3)EIN 95-6058359Revenue $313K in FY2021

On file with the IRSthemusicguild.org6303 Wilshire Blvd Ste 206, 90048-5008 · Los Angeles, CATax-exempt since Jul 1946Publicly supported — 509(a)(2)

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The Music Guild presents chamber music concerts by the finest ensembles in Los Angeles and presents concerts to the underprivileged, learning challenged, autistic and students in grammar schools and to senior and Alzheimer's patient's residences and furnishes pianos and instruments to churches, school and music teachers and music students at no charge.

501(c)(3) charity; gifts are tax-deductible.
20¢ of each $1 spent went to programs.
$36K 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

FY2021 · 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
2 of 4
filings with a surplus
Average surplus $35K a year · 16% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
20%
of spending
Concern: 20% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$36K
to officers and key staff · 29% of spending
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
Cash reserves
22 mo
of spending, in cash
Looks good: 21.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $68K
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
0
of 9 voting members
Concern: none of 9 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$313K
+75% vs prior year
Spent
$124K
To programs
20%
Net assets
$314K
By yearFY2020–FY2025
Revenue
$313K
FY2021▲ +75%
Tap a bar for its year
Revenue by fiscal year
FY2020$179K
FY2021$313K
FY2022$262K
FY2023$103K
FY2024$125K
FY2025$191K
Expenses
$124K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$124K
FY2022$195K
FY2023$206K
FY2024Not on file
FY2025$203K
Net assets
$314K
FY2021▲ +151%
Tap a bar for its year
Net assets by fiscal year
FY2020$125K
FY2021$314K
FY2022$381K
FY2023$277K
FY2024$224K
FY2025$212K

From the FY2021 Form 990 (year ending June 2021) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1946.

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

Where the money goes

20 cents of each dollar spent went to programs.

Program services 20% · $24K Management & general 80% · $100K

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

8 people listed on the 990; $36K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Secretary/Director
$36,000Pt VII · Sec A
President/Director
$0Pt VII · Sec A
Vice-President/Director
$0Pt VII · Sec A
Treasurer/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Eugene Golden$40,000$48,000$44,000$45,000$36,000$15,000

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 The Music Guild 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

Programs and updates

Presents chamber music concerts and provides instruments to underserved communities.

Questions for The Music Guild

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Provided by the organization

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3 programs · $24K · in their own filed words · FY2020
01

Due to the Covid 19 Pandemic, we were unable to host any of our programs as in our previous 75 seasons. However, there were expenses incurred when we were preparing for our 76th season, even though we had to be cancelled the entire season due to the conditions of the virus still being to dangerous to gather people together in an…

$8Kprogram expense
02

Due to the Covid 19 Pandemic, we were unable to host any of our programs as in our previous 75 seasons. However, there were expenses incurred when we were preparing for our 76th season, even though we had to be cancelled the entire season due to the conditions of the virus still being to dangerous to gather people together in an…

$8Kprogram expense
03

Due to the Covid 19 Pandemic, we were unable to host any of our programs as in our previous 75 seasons. However, there were expenses incurred when we were preparing for our 76th season, even though we had to be cancelled the entire season due to the conditions of the virus still being to dangerous to gather people together in an…

$8Kprogram 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
Total grants receivedfrom 4 funders$68K
See all 4 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$313K
Ln 12
Gifts and grantsLn 1h$309K
Investment incomeLn 3$4K
Money outPt IX
$124K
Ln 25
Programscol B$24K
Managementcol C$100K
Owns and owesPt X
$314K
net assets · Ln 32
Cash and savingsLn 1–2$223K
Total assetsLn 16$314K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$309K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Investment incomeLn 3$4K
Gains on assetsLn 7$4K
Total revenueLn 12$313K
Assets in detailPt X, end of year
CashLn 1$223K
SavingsLn 2$0
Cash and savings togetherLn 1–2$223K
InvestmentsLn 11–13$0
Other assetsLn 15$91K
Total assetsLn 16$314K
LiabilitiesLn 26$0
Net assetsLn 32$314K
OperationsPt I, VI
EmployeesI 52
VolunteersI 66
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$29K$223K
InvestmentsLn 11–13$0$0
Total assetsLn 16$125K$314K
LiabilitiesLn 26$0$0
Net assetsLn 32$125K$314K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$34K$5K$29K$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$10K$0$10K$0
Payroll taxesLn 10$3K$3K$0
Management feesLn 11a$36K$5K$31K$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$750$750$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$12K$5K$7K$0
Information technologyLn 14$2K$1K$351$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$19K$0$19K$0
TravelLn 17$600$600$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$1K$266$1K$0
Other expenses (24a–d)Ln 24$7K$7K$0$0
Total functional expensesLn 25$124K$24K$100K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $191K$203K−$12K$212K 990 PDF
FY2024 $125K$224K 990 PDF
FY2023 $103K$206K−$103K$277K 990 PDF
FY2022 $262K$195K$67K$381K 990 PDF
FY2021 Viewing $313K$124K$189K$314K 990 PDF
FY2020 $179K$125K 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 FY2021 990 (6 parts)
Part I · Summary $313,237 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $145,090$309,237
I-9 Program service revenuePrior year $30,891$0
I-10 Investment incomePrior year $0$4,000
I-11 Other revenuePrior year $3,500$0
I-12 Total revenuePrior year $179,481$313,237
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $83,812$47,021
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $113,356$77,449
I-18 Total expensesPrior year $197,168$124,470
I-19 Revenue less expensesPrior year −$17,687$188,767
Part VI · Governance 0 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members0
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $313,237 across 13 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$309,237
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$309,237
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $4,000 · Unrelated business $0 · Excluded from tax $0$4,000
VIII-12 Total revenueRelated to mission $4,000 · Unrelated business $0 · Excluded from tax $0$313,237
Part IX · Statement of functional expenses $124,470 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $5,000 · Management $29,402 · Fundraising $0$34,402
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $9,702 · Fundraising $0$9,702
IX-10 Payroll taxesManagement $2,917 · Fundraising $0$2,917
IX-11a Management feesPrograms $5,000 · Management $31,000 · Fundraising $0$36,000
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $750 · Management $0 · Fundraising $0$750
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $4,659 · Management $6,989 · Fundraising $0$11,648
IX-14 Information technologyPrograms $1,403 · Management $351 · Fundraising $0$1,754
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $18,600 · Fundraising $0$18,600
IX-17 TravelPrograms $600 · Management $0 · Fundraising $0$600
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $266 · Management $1,063 · Fundraising $0$1,329
IX-24 Other expenses (24a–d)Programs $6,768 · Management $0 · Fundraising $0$6,768
IX-25 Total functional expensesPrograms $24,446 · Management $100,024 · Fundraising $0$124,470
Part X · Balance sheet $313,908 assets, 23 lines filed
X-1 Cash, non-interest-bearingStart of year $29,427$223,194
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $95,714$90,714
X-16 Total assetsStart of year $125,141$313,908
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $125,141$313,908
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $125,141$313,908
X-33 Total liabilities and net assetsStart of year $125,141$313,908
Part XI · Reconciliation of net assets $313,908 net assets at year end
XI-1 Total revenue$313,237
XI-2 Total expenses$124,470
XI-3 Revenue less expenses$188,767
XI-4 Net assets at start of year$125,141
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$313,908

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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