Civic Intelligence

Fender Play Foundation

990 • Fiscal year 2022 • EIN 83-1018627

Jan 01, 2022 to Dec 31, 2022 • Filed on Feb 12, 2024

Organization Profilefenderplayfoundation.org

Refreshing map…

1575 N Gower St 170Los Angeles, CA 90028

(323) 462-2518

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

92nd percentile

60%

Higher net margin than 92% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

80th percentile

36%

Faster asset growth than 80% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

7th percentile

-70%

Faster revenue growth than 7% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Flat

$493,464

Flat from 2022

Net Assets

Flat

$493,464

Flat from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin92nd percentile

Revenue

Flat

$215,995

Flat from 2022

Expenses

Flat

$85,754

Flat from 2022

Net Income

Flat

$130,241

Flat from 2022

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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 2022: $493,464Liabilities 2022: $0Net Assets 2022: $493,4642022Assets 2024: $298,438Liabilities 2024: $0Net Assets 2024: $298,4382024

Highlighted filing

2022

Assets$493,464
Liabilities$0
Net Assets$493,464
Open 2022 Filing

Operations Trend

Revenue Growth7th percentile

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 2022: $215,995Expenses 2022: $85,754Net Income 2022: $130,2412022Revenue 2024: $8,083Expenses 2024: $24,069Net Income 2024: -$15,9862024

Highlighted filing

2022

Revenue$215,995
Expenses$85,754
Net Income$130,241
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 12, 2024
Return Version
2022v5.0
Gross Receipts
$233,576
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, B - 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 prog

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$363,223$493,464▲ $130,241
Cash and Non-Interest-Bearing Accounts$359,419$489,659▲ $130,240
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$363,223$493,464▲ $130,241
Other Assets Total$3,804$3,805▲ $1
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$363,223$493,464▲ $130,241
Total Liabilities and Net Assets / Fund Balance$363,223$493,464▲ $130,241
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Aarash DarroodiPresident
Jim LambertVice President
Matt WattsVice President
Andy MooneyDirector
Charmaine JeffersonDirector
David RobinsonDirector
Ed MageeDirector
Evan JonesDirector
Isaiah AvilaDirector
Kathy FletcherDirector
Rick RoskinDirector
Terry LewisDirector
Twila TrueDirector
Winston CoxDirector
Danielle KoehlerSecretary
Matt JanopaulTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$223,613
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-7,618
All Other Contributions
$202,063
Change in Net Assets
$130,241
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$82,966
Grants and Similar Amounts Paid$2,788
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising-$16,500-$16,500
Fees for Services Other$10,700--$10,700
Fees for Services Accounting-$3,296-$3,296
Grants to Domestic Orgs$2,788--$2,788
Travel$2,384--$2,384
Other Expenses$1,455--$1,455
Information Technology-$1,200-$1,200
Office Expenses$688--$688
Total Functional Expenses$64,758$20,996$0$85,754
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$17,581
Fundraising Gross Income$9,963
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“The following directors and officers had a business relationship: Aarash Darroodi, Danielle Koehler, Matt Janopaul, Jim Lambert, Matt Watts, Andy Mooney, Ed Magee, Evan Jones”

Form 990, Part VI, Section A, Line 6

“The sole member of the organization is the Fender Musical Instruments Corporation.”

Form 990, Part VI, Section A, Line 7A

“The member has the authority to appoint and remove members of the board of directors”

Form 990, Part VI, Section A, Line 7B

“The member of Fender Play Foundation has the sole authority to adopt, approve, or undertake any of the following actions: Liquidation or dissolution of the Corporation Sale, exchange, or other transfer of all or substnatially all of the assets of the Corporation, Becoming a party to any merger, consolidation, or other reorganization, Amend, add to, delete from, repeal, or replace the Articles of Incorporation and Bylaws of the Corporation.”

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

“The form 990 is prepared by an independent accounting firm using information provided by the organization. Management reviews the completed draft Form 990 and their comments are considered and incorporated into the final draft. Prior to filing, the form 990 is sent to THE GOVERNING BOARD for their review.”

Form 990, Part VI, Section B, Line 12C

“Fender Play Foundation MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH EDUCATION AND ANNUAL/ONGOING REPORTING. A Copy of the conflict of Interest Policy is sent to all new board members along with a conflict questionnaire. All board members, officers, and key employees complete a conflict of interest policy statement annually. These statements are reviewed by legal counsel to ensure compliance.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Fender Play Foundation
EIN
83-1018627
Phone
3234622518
Address
1575 N Gower St 170, Los Angeles, CA 90028

Signing Officer

Name
Matt Janopaul
Title
Treasurer
Signed
2024-02-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Annerino
Formed
2018
Legal Domicile
CA
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
20

Preparer

Firm
Archibald Advisory LLC
Address
2961 E Cullumber St, Gilbert, AZ 85234
Preparer
Adam Brown
Phone
4808770021
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IRS990/MissionDesc0Fender 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, B - 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 prog
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The following directors and officers had a business relationship: Aarash Darroodi, Danielle Koehler, Matt Janopaul, Jim Lambert, Matt Watts, Andy Mooney, Ed Magee, Evan Jones
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The sole member of the organization is the Fender Musical Instruments Corporation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The member has the authority to appoint and remove members of the board of directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The member of Fender Play Foundation has the sole authority to adopt, approve, or undertake any of the following actions: Liquidation or dissolution of the Corporation Sale, exchange, or other transfer of all or substnatially all of the assets of the Corporation, Becoming a party to any merger, consolidation, or other reorganization, Amend, add to, delete from, repeal, or replace the Articles of Incorporation and Bylaws of the Corporation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The form 990 is prepared by an independent accounting firm using information provided by the organization. Management reviews the completed draft Form 990 and their comments are considered and incorporated into the final draft. Prior to filing, the form 990 is sent to THE GOVERNING BOARD for their review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Fender Play Foundation MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH EDUCATION AND ANNUAL/ONGOING REPORTING. A Copy of the conflict of Interest Policy is sent to all new board members along with a conflict questionnaire. All board members, officers, and key employees complete a conflict of interest policy statement annually. These statements are reviewed by legal counsel to ensure compliance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$493,464
Liabilities
$0
Net assets
$493,464
Revenue
$215,995
Expenses
$85,754
Net income
$130,241
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
2022Detailed filing. Detailed filing data is available for this year.$4.93$0.00$4.93$2.16$0.86$1.30
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
2018Summary only. Only limited summary data is available for this year.$0.40$0.40$0.45$0.05$0.40