Civic Intelligence

Fender Play Foundation

990EZ • Fiscal year 2018 • EIN 83-1018627

Jan 01, 2018 to Dec 31, 2018 • Filed on May 13, 2019

Organization Profilefenderplayfoundation.org (pending)
1575 N Gower StLos Angeles, CA 90028

(323) 462-2518

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2018

Net Margin

98th percentile

89%

Higher net margin than 98% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

$40,195

No earlier filing loaded for comparison.

Net Assets

$40,195

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin98th percentile

Revenue

$45,354

No earlier filing loaded for comparison.

Expenses

$5,159

No earlier filing loaded for comparison.

Net Income

$40,195

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$600K$400K$200K$0Assets 2018: $40,195Net Assets 2018: $40,1952018Assets 2019: $40,379Net Assets 2019: $40,3792019Assets 2020: $205,320Liabilities 2020: $0Net Assets 2020: $205,3202020Assets 2021: $363,223Liabilities 2021: $0Net Assets 2021: $363,2232021Assets 2022: $493,464Liabilities 2022: $0Net Assets 2022: $493,4642022Assets 2024: $298,438Liabilities 2024: $0Net Assets 2024: $298,4382024

Highlighted filing

2018

Assets$40,195
Liabilities-
Net Assets$40,195
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2018: $45,354Expenses 2018: $5,159Net Income 2018: $40,1952018Revenue 2019: $80,555Expenses 2019: $80,371Net Income 2019: $1842019Revenue 2020: $809,616Expenses 2020: $644,675Net Income 2020: $164,9412020Revenue 2021: $721,442Expenses 2021: $563,539Net Income 2021: $157,9032021Revenue 2022: $215,995Expenses 2022: $85,754Net Income 2022: $130,2412022Revenue 2024: $8,083Expenses 2024: $24,069Net Income 2024: -$15,9862024

Highlighted filing

2018

Revenue$45,354
Expenses$5,159
Net Income$40,195
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 13, 2019
Return Version
2018v3.1
Gross Receipts
$45,354
Mission and Program Overview

Mission

Fender Play Foundation's mission is to serve as a meaningful, sustainable catalyst for music education. The Foundation believes: (a) Philanthropy should be passionate and strategic; The power of music can inspire and unite people across cultural borders; (c) All children deserve access to high-quality music arts education; and (d) Collaboration and diversity yield the greatest outcome. The Foundation focuses in efforts in six key areas: (1) INSTRUCTION Our focus is on fretted instruments including guitar, bass and ukulele. Programs provide everything required to teach and learn including Fender Play personal digital learning. In addition to instruments, we provide regular instrument service and ongoing support; (2) PERFORMANCE Live music performance is when it all comes to life. Fender Play Foundation provides all the gear needed for relevant, modern musical performance; (3) INSPIRATION We want to offer an elevated sense of belonging, support and commitment to students in our programs.

Program Services

DescriptionGrantsExpenses
The Foundation promotes childhood musical education by providing musical instruments and monetary funding to children in grades K-12, focusing specifically on schools with underserved populations. The Foundation will also support foundations and other programs that support music education.$5,159$5,159
The Foundation will organize classes for children to be led by musical experts. As 2018 was its first year, the Foundation did not host any classes, but is currently developing a curriculum and schedule to facilitate this activity.--
The Foundation will host benefit events, with all proceeds going to music education. As 2018 was its first year, the Foundation did not host any events, but is currently planning its events for 2019 and beyond.--
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Richard McDonaldPresident-$0--
Jim LambertVice President-$0--
James BroenenTreasurer-$0--
Michael BayerSecretary-$0--
Andy MooneyDirector-$0--
Filing and Contact Details

Filer

Filer Name
Fender Play Foundation
EIN
83-1018627
Phone
3234622518
Address
1575 N Gower St, Los Angeles, CA 90028

Signing Officer

Name
James Broenen
Title
Treasurer
Signed
2019-05-13
Discuss with paid preparer
Yes

Preparer

Firm
Payne Financial PLC
Address
2812 N Norwalk 103, Mesa, AZ 85215
Preparer
Michael J Payne
Phone
6026994829
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

“| Donee's Name: Various public schools | Donee's Address: 1575 N Gower St Los Angeles CA 90028 | Description of Property: Musical instruments | Book Value: $5159 | Fair Market Value: $5159”

Other Assets.1

“Promotional Materials - Beginning $0 Promotional Materials - Ending $3804”

Raw XML Appendix131 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Andy Mooney
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt03804
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IRS990EZ/PrimaryExemptPurposeTxt0Fender Play Foundation's mission is to serve as a meaningful, sustainable catalyst for music education. The Foundation believes: (a) Philanthropy should be passionate and strategic; The power of music can inspire and unite people across cultural borders; (c) All children deserve access to high-quality music arts education; and (d) Collaboration and diversity yield the greatest outcome. The Foundation focuses in efforts in six key areas: (1) INSTRUCTION Our focus is on fretted instruments including guitar, bass and ukulele. Programs provide everything required to teach and learn including Fender Play personal digital learning. In addition to instruments, we provide regular instrument service and ongoing support; (2) PERFORMANCE Live music performance is when it all comes to life. Fender Play Foundation provides all the gear needed for relevant, modern musical performance; (3) INSPIRATION We want to offer an elevated sense of belonging, support and commitment to students in our programs.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The Foundation promotes childhood musical education by providing musical instruments and monetary funding to children in grades K-12, focusing specifically on schools with underserved populations. The Foundation will also support foundations and other programs that support music education.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1The Foundation will organize classes for children to be led by musical experts. As 2018 was its first year, the Foundation did not host any classes, but is currently developing a curriculum and schedule to facilitate this activity.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2The Foundation will host benefit events, with all proceeds going to music education. As 2018 was its first year, the Foundation did not host any events, but is currently planning its events for 2019 and beyond.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt05159
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Donee's Name: Various public schools | Donee's Address: 1575 N Gower St Los Angeles CA 90028 | Description of Property: Musical instruments | Book Value: $5159 | Fair Market Value: $5159
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Promotional Materials - Beginning $0 Promotional Materials - Ending $3804
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Grants and Similar Amounts Paid In Excess of $5,000.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Assets.1
ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Fender Play Foundation
ReturnHeader/Filer/BusinessNameControlTxt0FEND
ReturnHeader/Filer/EIN0831018627
ReturnHeader/Filer/PhoneNum03234622518
ReturnHeader/Filer/USAddress/AddressLine1Txt01575 N Gower St
ReturnHeader/Filer/USAddress/CityNm0Los Angeles
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090028
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0823709663
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Payne Financial PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02812 N Norwalk 103
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Mesa
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AZ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd085215
ReturnHeader/PreparerPersonGrp/PhoneNum06026994829
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael J Payne
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-05-13T12:49:37-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$40,195
Liabilities
-
Net assets
$40,195
Revenue
$45,354
Expenses
$5,159
Net income
$40,195
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$2.98$0.00$2.98$0.08$0.24$0.16
2022Summary only. Only limited summary data is available for this year.$4.93$0.00$4.93$2.16$0.86$1.30
2021Summary only. Only limited summary data is available for this year.$3.63$0.00$3.63$7.21$5.64$1.58
2020Summary only. Only limited summary data is available for this year.$2.05$0.00$2.05$8.10$6.45$1.65
2019Summary only. Only limited summary data is available for this year.$0.40$0.40$0.81$0.80$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.40$0.40$0.45$0.05$0.40
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • <$500k nonprofits