Civic Intelligence

Guarneri Hall Nfp

990 • Fiscal year 2019 • EIN 82-5203217

Jun 01, 2018 to May 31, 2019 • Filed on Apr 01, 2020

Organization Profilewww.guarnerihall.org
11 East Adams StreetChicago, IL 60603

(847) 780-6720

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

60th percentile

0.00x

Higher debt load relative to assets than 60% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

60th percentile

0.00x

Higher debt load relative to revenue than 60% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

95th percentile

69%

Higher net margin than 95% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

99th percentile

4842%

Faster asset growth than 99% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

100th percentile

6558%

Faster revenue growth than 100% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$148,246

Up $145,246 (+4842%) from 2018

Net Assets

$147,746

No earlier filing loaded for comparison.

Liabilities

Up

$500

Up $500 from 2018

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin95th percentile

Revenue

Up

$199,755

Up $196,755 (+6558%) from 2018

Expenses

Up

$62,231

Up $62,231 from 2018

Net Income

Up

$137,524

Up $134,524 (+4484%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2019

Assets$148,246
Liabilities$500
Net Assets$147,746
Open 2019 Filing

Operations Trend

Revenue Growth100th percentile

Revenue, expenses, and net income across loaded years, with this 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

2019

Revenue$199,755
Expenses$62,231
Net Income$137,524
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2018 to May 31, 2019
Signed
Apr 1, 2020
Return Version
2018v3.1
Gross Receipts
$199,755
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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,400$142,988▲ $133,588
Cash and Non-Interest-Bearing Accounts$822$5,258▲ $4,436
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$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$10,222$148,246▲ $138,024
Other Assets Total-$0-
Liabilities
Other Liabilities-$500-
Total Liabilities$0$500▲ $500
Net Assets / Fund Balance
Unrestricted Net Assets$10,222$147,746▲ $137,524
Total Net Assets Fund Balance$10,222$147,746▲ $137,524
Total Liabilities and Net Assets / Fund Balance$10,222$148,246▲ $138,024

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$70,343$5,024$75,367
Other Land Buildings$61,714$286$62,000
Equipment$10,931$1,822$12,753
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Stefan HershPresident
Neil BergVice President
Babara GoffExecutive Director
Michael AdamsExecutive Director
Gail GreenwaldSecretary
Joann BergTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$189,280
Program Service Revenue
$5,275
Investment Income
$0
Other Revenue
$5,200
All Other Contributions
$189,280
Change in Net Assets
$137,524

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$60,000Appraisal
Total Noncash Contributions1$60,000-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$62,231
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
Fees for Services Other$16,619--$16,619
Fees for Services Management$12,875--$12,875
Depreciation Depletion$7,132--$7,132
Advertising$6,557--$6,557
Information Technology$5,283--$5,283
Other Expenses$5,183$930-$930
Fees for Services Accounting-$850-$850
Office Expenses-$792-$792
Total Functional Expenses$59,659$2,572$0$62,231
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposit$500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
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, Line 11B: Form 990 Review Process

“The Organization's accounting firm prepares IRS Form 990 and provides a copy of the draft to the board of directors for review. The draft is distributed to the board and upon thier approval, the document is filed.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The Organization makes governing documents, conflict of interest policies, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

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

Signing Officer

Name
Stefan Hersh
Title
President
Signed
2020-04-01
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
Volunteers
5

Preparer

Firm
JS White & Associates LLC
Address
110 E Schiller Ste 230, Elmhurst, IL 60126
Preparer
Jim White
Phone
6309168536
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IRS990/MissionDesc0Guarneri 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.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Presented educational master classes with cellists Lynn Harrell, Matt Zalkind, and Tamas Varga with local collegiate and pre-college musicians performing and in attendance with no tuition or admission fees charged. These were also live-streamed globally.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Provided emerging artist consulting and advocacy with national level young artists and local emerging musicians. These included the launching of the Nexus Chamber Music Chicago Festival and related events, as well as one-on-one consultation with young musicians locally, nationally, and internationally.
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt05275
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0189280
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0192280
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt05200
IRS990ScheduleA/OtherIncome170Grp/TotalAmt05200
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0192280
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0189280
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0192280
IRS990ScheduleA/TotalSupportAmt0197480
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt010931
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01822
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt012753
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt070343
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05024
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt075367
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt061714
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0286
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt062000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Security Deposit
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0142988
IRS990ScheduleD/TotalLiabilityAmt0500
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Violin
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0Appraisal
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt060000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization's accounting firm prepares IRS Form 990 and provides a copy of the draft to the board of directors for review. The draft is distributed to the board and upon thier approval, the document is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization makes governing documents, conflict of interest policies, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt010222
IRS990/TotalAssetsEOYAmt0148246
IRS990/TotalAssetsGrp/BOYAmt010222
IRS990/TotalAssetsGrp/EOYAmt0148246
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0189280
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02572
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt059659
IRS990/TotalFunctionalExpensesGrp/TotalAmt062231
IRS990/TotalGrossUBIAmt05200
IRS990/TotalLiabilitiesEOYAmt0500
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0500
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010222
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0147746
IRS990/TotalProgramServiceExpensesAmt059659
IRS990/TotalProgramServiceRevenueAmt05275
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05275
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0199755
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt05200
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010222
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0148246
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt010222
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0147746
IRS990/USAddress/AddressLine1Txt011 East Adams Street 350A
IRS990/USAddress/CityNm0Chicago
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd0606036338
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.guarnerihall.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Stefan Hersh
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-04-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Guarneri Hall NFP
ReturnHeader/Filer/BusinessNameControlTxt0GUAR
ReturnHeader/Filer/EIN0825203217
ReturnHeader/Filer/PhoneNum08477806720
ReturnHeader/Filer/USAddress/AddressLine1Txt011 East Adams Street
ReturnHeader/Filer/USAddress/CityNm0Chicago
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060603
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0815036435
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JS White & Associates LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0110 E Schiller Ste 230
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Elmhurst
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060126
ReturnHeader/PreparerPersonGrp/PhoneNum06309168536
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Jim White
ReturnHeader/ReturnTs02020-04-03T13:32:17-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-06-01
ReturnHeader/TaxPeriodEndDt02019-05-31

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$148,246
Liabilities
$500
Net assets
$147,746
Revenue
$199,755
Expenses
$62,231
Net income
$137,524
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$6.65$1.55$5.10$4.29$3.88$0.41
2024Detailed filing. Detailed filing data is available for this year.$6.36$1.67$4.69$3.31$3.01$0.30
2023Detailed filing. Detailed filing data is available for this year.$6.15$1.76$4.39$2.69$2.61$0.08
2022Detailed filing. Detailed filing data is available for this year.$5.38$1.06$4.31$6.65$3.72$2.92
2021Detailed filing. Detailed filing data is available for this year.$2.34$0.71$1.63$1.65$1.22$0.43
2020Detailed filing. Detailed filing data is available for this year.$1.64$0.44$1.20$1.58$1.86$0.28
2019Detailed filing. Detailed filing data is available for this year.$1.48$0.01$1.48$2.00$0.62$1.38
2018Summary only. Only limited summary data is available for this year.$0.03$0.00$0.03$0.00$0.03