Civic Intelligence

The Drake Gives

EIN 84-4335326 • 501(c)3 • Laguna Beach, CA

Profile

Provide underserved youth with music education, materials and instruments

301 Forest AvenueLaguna Beach, CA 92651

n/A

Siviq Scores

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

Liabilities / Assets

24th percentile

0.00x

Higher debt load relative to assets than 24% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

23rd percentile

0.00x

Higher debt load relative to revenue than 23% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

19th percentile

-14%

Higher net margin than 19% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

13th percentile

-14%

Faster asset growth than 13% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

65th percentile

18%

Faster revenue growth than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets24th percentile

Assets

Down

$894,172

Down $144,672 (-14%) from 2023

Liabilities

Up

$1,544

Up $1,544 from 2023

Net Assets

Down

$892,628

Down $146,216 (-14%) from 2023

Operations
Liabilities / Revenue23rd percentileNet Margin19th percentile

Revenue

Up

$1,065,268

Up $160,934 (+18%) from 2023

Expenses

Up

$1,211,484

Up $678,794 (+127%) from 2023

Net Income

Down

-$146,216

Down $517,860 (-139%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth13th percentile

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

$1.5M$1.0M$500K$0Assets 2021: $172,615Liabilities 2021: $99Net Assets 2021: $172,5162021Assets 2022: $667,199Liabilities 2022: $0Net Assets 2022: $667,1992022Assets 2023: $1,038,844Liabilities 2023: $0Net Assets 2023: $1,038,8442023Assets 2024: $894,172Liabilities 2024: $1,544Net Assets 2024: $892,6282024

Highlighted filing

2024

Assets$894,172
Liabilities$1,544
Net Assets$892,628
Open 2024 Filing

Operations Trend

Revenue Growth65th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2021: $233,000Expenses 2021: $60,483Net Income 2021: $172,5172021Revenue 2022: $838,249Expenses 2022: $343,566Net Income 2022: $494,6832022Revenue 2023: $904,334Expenses 2023: $532,690Net Income 2023: $371,6442023Revenue 2024: $1,065,268Expenses 2024: $1,211,484Net Income 2024: -$146,2162024

Highlighted filing

2024

Revenue$1,065,268
Expenses$1,211,484
Net Income-$146,216
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$894,172
Liabilities
$1,544
Net assets
$892,628
Revenue
$1,065,268
Expenses
$1,211,484
Net income
-$146,216
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.89$1.07$1.21$0.15
2023Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$0.90$0.53$0.37
2022Detailed filing. Detailed filing data is available for this year.$0.67$0.00$0.67$0.84$0.34$0.49
2021Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.23$0.06$0.17
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 14, 2025
Return Version
2024v5.2
Gross Receipts
$1,065,268
Mission and Program Overview

Mission

Provide underserved youth with music education, materials and instruments

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,038,739$894,140▼ $144,599
Pd in Cap Srpls Land Bldg Eqp Fund$1,038,844$892,628▼ $146,216
Prepaid Expenses and Deferred Charges$105--
Savings and Temporary Cash Investments-$32-
Total Assets$1,038,844$894,172▼ $144,672
Liabilities
Accounts Payable and Accrued Expenses-$1,544-
Total Liabilities$0$1,544▲ $1,544
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,038,844$892,628▼ $146,216
Total Liabilities and Net Assets / Fund Balance$1,038,844$894,172▼ $144,672
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Jerry MandelDirector
Alec GlasserCEO
Wendy MisnerCFO, Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,065,268
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$859,368
Change in Net Assets
$-146,216
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,052,868
Other Expenses$158,616
Total Fundraising Expense$108,130
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,052,868--$1,052,868
All Other Expenses$0$30,875$0$30,875
Insurance$0$1,335$0$1,335
Other Expenses$0$132$0$132
Total Functional Expenses$1,052,868$50,486$108,130$1,211,484
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Uc IrvineIrvine, CA-Funding Music Activity and Education$850,000
Save the MusicNew York, NY-Furthering Music for Youth$175,000
Anaheim Elementary School DistrictAnaheim, CA-Furthering Music in Public Schools$10,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 5$205,900$193,950$50,035$143,915
Event 6-$0-$0
Total Events$205,900$193,950$108,130$85,820
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
Filing and Contact Details

Filer

Filer Name
The Drake Gives
EIN
84-4335326
Phone
9494667612
Address
301 FOREST AVENUE, LAGUNA BEACH, CA 92651

Signing Officer

Name
Alec Glasser
Title
CEO
Phone
9494667612
Signed
2025-09-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alec Glasser
Formed
2019
Legal Domicile
CA
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Paul Dean
Address
6616 SEDAN AVENUE, WEST HILLS, CA 91307
Preparer
Paul Dean Cma Ea
Phone
8187577644
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Documents presented to ceo for review”

Pt VI, Line 19

“Documents provided on request”

Pt VI, Line 8A

“PER BY LAWS”

Pt VI, Line 8B

“PER BY LAWS”

Raw XML Appendix355 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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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALEC GLASSER
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE DRAKE GIVES
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ReturnHeader/Filer/EIN0844335326
ReturnHeader/Filer/PhoneNum09494667612
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEST HILLS
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAUL DEAN CMA EA
ReturnHeader/ReturnTs02025-10-03T13:05:46-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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