Civic Intelligence

Guarneri Hall Nfp

EIN 82-5203217 • 501(c)3 • Chicago, IL

Pub. 78 Eligible

Profile

Guarneri Halls mission is to facilitate music education and musical performances (in traditional and non-traditional venues) and the recording, live-streaming and preservation of those performances with the goal of introducing young students to, and creating interest in, classical music. It is also to provide those students who could not otherwise afford classical music instruction with the free use of instruments and grants for private instruction. These goals are accomplished by conducting various workshops aimed primarily toward the education of young music students and music teachers; maintaining a variety of materials, most of which will be accessible free of charge, on the organizations website; and, conducting other activities aimed toward the promotion of classical music. Guarneri Hall is committed to fostering interest in and accessibility to classical music across demographic boundaries.

11 East Adams Street Ste 350AChicago, IL 60603

www.guarnerihall.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

77th percentile

0.23x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

84th percentile

0.36x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

60th percentile

9.6%

Higher net margin than 60% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

53rd percentile

4.5%

Faster asset growth than 53% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

74th percentile

30%

Faster revenue growth than 74% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Up

$664,618

Up $28,869 (+4.5%) from 2024

Liabilities

Down

$154,599

Down $12,417 (-7.4%) from 2024

Net Assets

Up

$510,019

Up $41,286 (+8.8%) from 2024

Revenue

Up

$429,164

Up $98,583 (+30%) from 2024

Expenses

Up

$387,878

Up $86,800 (+29%) from 2024

Net Income

Up

$41,286

Up $11,783 (+40%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2018: $3,000Liabilities 2018: $02018Assets 2019: $148,246Liabilities 2019: $500Net Assets 2019: $147,7462019Assets 2020: $163,780Liabilities 2020: $43,837Net Assets 2020: $119,9432020Assets 2021: $233,811Liabilities 2021: $71,126Net Assets 2021: $162,6852021Assets 2022: $537,650Liabilities 2022: $106,305Net Assets 2022: $431,3452022Assets 2023: $615,122Liabilities 2023: $175,892Net Assets 2023: $439,2302023Assets 2024: $635,749Liabilities 2024: $167,016Net Assets 2024: $468,7332024Assets 2025: $664,618Liabilities 2025: $154,599Net Assets 2025: $510,0192025

Highlighted filing

2025

Assets$664,618
Liabilities$154,599
Net Assets$510,019

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2018: $3,000Expenses 2018: $0Net Income 2018: $3,0002018Revenue 2019: $199,755Expenses 2019: $62,231Net Income 2019: $137,5242019Revenue 2020: $158,076Expenses 2020: $185,879Net Income 2020: -$27,8032020Revenue 2021: $165,100Expenses 2021: $122,358Net Income 2021: $42,7422021Revenue 2022: $664,771Expenses 2022: $372,460Net Income 2022: $292,3112022Revenue 2023: $269,070Expenses 2023: $261,184Net Income 2023: $7,8862023Revenue 2024: $330,581Expenses 2024: $301,078Net Income 2024: $29,5032024Revenue 2025: $429,164Expenses 2025: $387,878Net Income 2025: $41,2862025

Highlighted filing

2025

Revenue$429,164
Expenses$387,878
Net Income$41,286

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2024 to May 31, 2025
Signed
Nov 24, 2025
Return Version
2024v5.2
Gross Receipts
$429,164
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$141,200$94,700▼ $46,500
Land, Buildings, and Equipment, Net$58,908$51,245▼ $7,663
Cash and Non-Interest-Bearing Accounts$21,106$25,942▲ $4,836
Accounts Receivable$6,735$3,430▼ $3,305
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$635,749$664,618▲ $28,869
Other Assets Total$549,000$584,001▲ $35,001
Liabilities
Accounts Payable and Accrued Expenses$25,814$59,899▲ $34,085
Other Liabilities$2--
Total Liabilities$167,016$154,599▼ $12,417
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$468,733$510,019▲ $41,286
Total Net Assets Fund Balance$468,733$510,019▲ $41,286
Total Liabilities and Net Assets / Fund Balance$635,749$664,618▲ $28,869

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$51,245$24,122$75,367
Other Land Buildings-$21,305$21,305
Other Assets Org$1--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Linda BernaPresident
Alexander HershTrustee
Brian HongTrustee
Jennifer LindTrustee
Stefan HershTrustee
Agnes OtworowskiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$215,549
Program Service Revenue
$98,773
Investment Income
$0
Other Revenue
$114,842
All Other Contributions
$196,559
Change in Net Assets
$41,286
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$387,878
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$61,500$9,510-$71,010
Other Expenses$42,358$22,821-$42,358
Office Expenses-$5,447-$5,447
Total Functional Expenses$350,100$37,778$0$387,878
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$141,200$94,700▼ $46,500
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

No review was or will be conducted.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Guarneri Hall NFP
EIN
82-5203217
Phone
8477806720
Address
11 East Adams Street Ste 350A, Chicago, IL 60603

Signing Officer

Name
Stefan Hersh
Title
Trustee
Signed
2025-11-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stefan Hersh
Formed
2018
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
0
Employees
0

Preparer

Firm
JS White & Associates LLC
Address
403 W St Charles Rd Ste B, Lombard, IL 60148
Preparer
Jim White
Phone
6305194427
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

bank fees: Column (A) - Total = $1848; Column (B) - Program Services = $0; Column (C) - Management & General = $1848; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

catering: Column (A) - Total = $12303; Column (B) - Program Services = $12303; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

depreciation: Column (A) - Total = $7662; Column (B) - Program Services = $0; Column (C) - Management & General = $7662; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

marketing: Column (A) - Total = $29468; Column (B) - Program Services = $29468; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Professional Fees: Column (A) - Total = $6911; Column (B) - Program Services = $6911; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E

Travel: Column (A) - Total = $12818; Column (B) - Program Services = $12818; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Stefan Hersh
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0711130
IRS990/ProgramServiceRevenueGrp/BusinessCd1711130
IRS990/ProgramServiceRevenueGrp/BusinessCd2711130
IRS990/ProgramServiceRevenueGrp/BusinessCd3711130
IRS990/ProgramServiceRevenueGrp/Desc0Guarneri Hall Events
IRS990/ProgramServiceRevenueGrp/Desc1Performance
IRS990/ProgramServiceRevenueGrp/Desc2Piano Tuning
IRS990/ProgramServiceRevenueGrp/Desc3Ticket Sales
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt044133
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt121652
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21958
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt331030
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt044133
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt121652
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21958
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt331030
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0217673
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0301078
IRS990/PYOtherRevenueAmt065308
IRS990/PYProgramServiceRevenueAmt047600
IRS990/PYRevenuesLessExpensesAmt029503
IRS990/PYTotalExpensesAmt0301078
IRS990/PYTotalRevenueAmt0330581
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt041286
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0215549
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0217673
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0224049
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0596529
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt032096
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01285896
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt04486
IRS990ScheduleA/OtherIncome170Grp/TotalAmt04486
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99650
IRS990ScheduleA/PublicSupportTotal170Amt01285896
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0215549
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0217673
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0224049
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0596529
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt032096
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01285896
IRS990ScheduleA/TotalSupportAmt01290382
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt051245
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt024122
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt075367
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0584000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Instruments
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Rounding
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt021305
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt021305
IRS990ScheduleD/TotalBookValueLandBuildingsAmt051245
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0584001
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt094700
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Capital
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0141200
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Stefan Hersh
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Trustee
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt094700
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2bank fees: Column (A) - Total = $1848; Column (B) - Program Services = $0; Column (C) - Management & General = $1848; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3catering: Column (A) - Total = $12303; Column (B) - Program Services = $12303; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4depreciation: Column (A) - Total = $7662; Column (B) - Program Services = $0; Column (C) - Management & General = $7662; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5marketing: Column (A) - Total = $29468; Column (B) - Program Services = $29468; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Professional Fees: Column (A) - Total = $6911; Column (B) - Program Services = $6911; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Travel: Column (A) - Total = $12818; Column (B) - Program Services = $12818; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0635749
IRS990/TotalAssetsEOYAmt0664618
IRS990/TotalAssetsGrp/BOYAmt0635749
IRS990/TotalAssetsGrp/EOYAmt0664618
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0215549
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037778
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0350100
IRS990/TotalFunctionalExpensesGrp/TotalAmt0387878
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0167016
IRS990/TotalLiabilitiesEOYAmt0154599
IRS990/TotalLiabilitiesGrp/BOYAmt0167016
IRS990/TotalLiabilitiesGrp/EOYAmt0154599
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0468733
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0510019
IRS990/TotalProgramServiceExpensesAmt0350100
IRS990/TotalProgramServiceRevenueAmt098773
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0213615
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0429164
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0635749
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0664618
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt011 East Adams Street Ste 350A
IRS990/USAddress/CityNm0Chicago
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd0606036338
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt00

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