Civic Intelligence

Music Guild

990 • Fiscal year 2021 • EIN 95-6058359

Jul 01, 2020 to Jun 30, 2021 • Filed on May 15, 2022

6303 Wilshire Blvd - Suite 206Los Angeles, CA 90048

(310) 558-3500

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

90th percentile

60%

Higher net margin than 90% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

89th percentile

$36,000

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 11.5% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

92nd percentile

151%

Faster asset growth than 92% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

81st percentile

75%

Faster revenue growth than 81% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$313,908

Up $188,767 (+151%) from 2020

Net Assets

Up

$313,908

Up $188,767 (+151%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$313,237

Up $133,756 (+75%) from 2020

Expenses

Down

$124,470

Down $72,698 (-37%) from 2020

Net Income

Up

$188,767

Up $206,454 (+1167%) from 2020

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $95,808Liabilities 2011: $0Net Assets 2011: $95,8082011Assets 2012: $120,774Liabilities 2012: $0Net Assets 2012: $120,7442012Assets 2013: $144,560Liabilities 2013: $0Net Assets 2013: $144,5602013Assets 2014: $139,154Liabilities 2014: $0Net Assets 2014: $139,1542014Assets 2015: $153,213Liabilities 2015: $0Net Assets 2015: $153,2132015Assets 2016: $135,757Liabilities 2016: $0Net Assets 2016: $135,7572016Assets 2017: $141,664Liabilities 2017: $0Net Assets 2017: $141,6442017Assets 2018: $142,730Liabilities 2018: $0Net Assets 2018: $142,7302018Assets 2019: $142,828Liabilities 2019: $0Net Assets 2019: $142,8282019Assets 2020: $125,141Liabilities 2020: $0Net Assets 2020: $125,1412020Assets 2021: $313,908Liabilities 2021: $0Net Assets 2021: $313,9082021Assets 2022: $380,701Liabilities 2022: $0Net Assets 2022: $380,7012022Assets 2023: $277,252Liabilities 2023: $0Net Assets 2023: $277,2522023Assets 2024: $224,144Liabilities 2024: $0Net Assets 2024: $224,1442024

Highlighted filing

2021

Assets$313,908
Liabilities$0
Net Assets$313,908

Operations Trend

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

$400K$200K$0-$200KRevenue 2011: $271,095Expenses 2011: $287,045Net Income 2011: -$15,9502011Revenue 2012: $269,047Expenses 2012: $244,081Net Income 2012: $24,9662012Revenue 2013: $268,538Expenses 2013: $244,748Net Income 2013: $23,7902013Revenue 2014: $240,577Expenses 2014: $248,735Net Income 2014: -$8,1582014Revenue 2015: $300,639Expenses 2015: $286,580Net Income 2015: $14,0592015Revenue 2016: $245,873Expenses 2016: $263,329Net Income 2016: -$17,4562016Revenue 2017: $234,257Expenses 2017: $228,350Net Income 2017: $5,9072017Revenue 2018: $232,966Expenses 2018: $231,900Net Income 2018: $1,0662018Revenue 2019: $158,443Expenses 2019: $226,669Net Income 2019: -$68,2262019Revenue 2020: $179,481Expenses 2020: $197,168Net Income 2020: -$17,6872020Revenue 2021: $313,237Expenses 2021: $124,470Net Income 2021: $188,7672021Revenue 2022: $261,577Expenses 2022: $194,784Net Income 2022: $66,7932022Revenue 2023: $102,888Expenses 2023: $206,337Net Income 2023: -$103,4492023Revenue 2024: $124,660Expenses 2024: $177,768Net Income 2024: -$53,1082024

Highlighted filing

2021

Revenue$313,237
Expenses$124,470
Net Income$188,767
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 15, 2022
Return Version
2020v4.0
Gross Receipts
$314,237
Mission and Program Overview

Mission

The Music Guild presents chamber music concerts of the greatest classical change music by the finest ensembles and presents master classes for students, as well concerts for seniors and Alzheimer's patients in residential facilities, and provides instruments to schools, churches and students as its mission to inspire students to learn to perform an instrument, which improves their over-all academics performance and self-discipline, along with teaching them to interact socially with other students.

The Music Guild presents chamber music concerts by the finest ensembles in Los Angeles and presents concerts to the underprivileged, learning challenged, autistic and students in grammar schools and to senior and Alzheimer's patient's residences and furnishes pianos and instruments to churches, school and music teachers and music students at no charge.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$29,427$223,194▲ $193,767
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$125,141$313,908▲ $188,767
Other Assets Total$95,714$90,714▼ $5,000
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$125,141$313,908▲ $188,767
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$125,141$313,908▲ $188,767
Total Liabilities and Net Assets / Fund Balance$125,141$313,908▲ $188,767

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$90,714--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Eugene GoldenSecretary/DirectorFT$36,000$36,000

Board Members and Trustees

NameTitle
Adele ShapiroPresident/Director
Leslie Eber MDVice-President/Director
Leslie M KleinDirector
Rosana BogartDirector
Wayne Gradman MDDirector
William VestalDirector
William Sloan MDTreasurer/Director
Revenue and Support

Revenue Composition

Contributions and Grants
$309,237
Program Service Revenue
$0
Investment Income
$4,000
Other Revenue
$0
All Other Contributions
$309,237
Change in Net Assets
$188,767
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$77,449
Salaries, Compensation, and Employee Benefits$47,021
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$5,000$31,000$0$36,000
Other Salaries and Wages$5,000$29,402$0$34,402
Occupancy$0$18,600$0$18,600
Office Expenses$4,659$6,989$0$11,648
Other Employee Benefits$0$9,702$0$9,702
Other Expenses$4,000$0$0$4,000
Payroll Taxes-$2,917$0$2,917
Information Technology$1,403$351$0$1,754
Insurance$266$1,063$0$1,329
Fees for Services Other$750$0$0$750
Travel$600$0$0$600
Total Functional Expenses$24,446$100,024$0$124,470
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$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $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
No
Management duties delegated
No

Governance Explanations

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

The return is reviewed by the Secretary of the corporation prior to it being filed.

Form 990, Part VI, Section C, Line 19

The Music Guild's forms are listed with Guidestar.

Form 990, Part VI, Section C, Line 20

Eugene Golden, 6303 Wilshire Blvd., Suite 206, Los Angeles, CA 90048 Phone: 310-558-3500

Filing and Contact Details

Filer

Filer Name
The Music Guild
EIN
95-6058359
Phone
3105583500
Address
6303 Wilshire Blvd - Suite 206, Los Angeles, CA 90048

Signing Officer

Name
Eugene Golden
Title
Secretary
Phone
3105583500
Signed
2022-05-15

Organization Details

Principal Officer
Eugene Golden
Formed
1945
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
0
Employees
2
Volunteers
6
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

During our 2019 - 2020 season, we were unable to hold our last two concerts of the season due to Covid 19 pandemic restrictions. During our 2020 - 2021 fiscal year, we were unable to hold any concerts due to Covid 19 pandemic restrictions. Our SummerFest concerts of 2020 and 2021 were also cancelled. Hoping that things would improve, we prepared for the 2020 - 2021 concert season and incurred office expenses for it. We also had to cancel concerts in schools for students and retirement/Alzheimer's residences, as well as mister classes. In the meantime, we did continue our outreach Piano and Instrument Adoption Program, incurring expenses for that.

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IRS990/InvestmentIncomeGrp/ExclusionAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LegalDomicileStateCd0CA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01000
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The Music Guild presents chamber music concerts of the greatest classical change music by the finest ensembles and presents master classes for students, as well concerts for seniors and Alzheimer's patients in residential facilities, and provides instruments to schools, churches and students as its mission to inspire students to learn to perform an instrument, which improves their over-all academics performance and self-discipline, along with teaching them to interact socially with other students.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0125141
IRS990/NetAssetsOrFundBalancesEOYAmt0313908
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt04000
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt04000
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0125141
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0313908
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt018600
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt018600
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06989
IRS990/OfficeExpensesGrp/ProgramServicesAmt04659
IRS990/OfficeExpensesGrp/TotalAmt011648
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt095714
IRS990/OtherAssetsTotalGrp/EOYAmt090714
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt09702
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt09702
IRS990/OtherExpensesGrp/Desc0Instrument Repair
IRS990/OtherExpensesGrp/Desc1Concert Exp. (Merchant fees & temporary labor)
IRS990/OtherExpensesGrp/Desc2Gifts
IRS990/OtherExpensesGrp/Desc3Sale of Asset
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt0320
IRS990/OtherExpensesGrp/ProgramServicesAmt11448
IRS990/OtherExpensesGrp/ProgramServicesAmt21000
IRS990/OtherExpensesGrp/ProgramServicesAmt34000
IRS990/OtherExpensesGrp/TotalAmt0320
IRS990/OtherExpensesGrp/TotalAmt11448
IRS990/OtherExpensesGrp/TotalAmt21000
IRS990/OtherExpensesGrp/TotalAmt34000
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt029402
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05000
IRS990/OtherSalariesAndWagesGrp/TotalAmt034402
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02917
IRS990/PayrollTaxesGrp/TotalAmt02917
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Eugene Golden
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Due to the Covid 19 Pandemic, we were unable to host any of our programs as in our previous 75 seasons. However, there were expenses incurred when we were preparing for our 76th season, even though we had to be cancelled the entire season due to the conditions of the virus still being to dangerous to gather people together in an auditorium.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt08149
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0Due to the Covid 19 Pandemic, we were unable to host any of our programs as in our previous 75 seasons. However, there were expenses incurred when we were preparing for our 76th season, even though we had to be cancelled the entire season due to the conditions of the virus still being to dangerous to gather people together in an auditorium.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt08148
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0145090
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0113356
IRS990/PYOtherRevenueAmt03500
IRS990/PYProgramServiceRevenueAmt030891
IRS990/PYRevenuesLessExpensesAmt0-17687
IRS990/PYSalariesCompEmpBnftPaidAmt083812
IRS990/PYTotalExpensesAmt0197168
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0179481
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.24$0.00$2.24$1.25$1.78$0.53
2023Detailed filing. Detailed filing data is available for this year.$2.77$0.00$2.77$1.03$2.06$1.03
2022Detailed filing. Detailed filing data is available for this year.$3.81$0.00$3.81$2.62$1.95$0.67
2021Detailed filing. Detailed filing data is available for this year.$3.14$0.00$3.14$3.13$1.24$1.89
2020Detailed filing. Detailed filing data is available for this year.$1.25$0.00$1.25$1.79$1.97$0.18
2019Summary only. Only limited summary data is available for this year.$1.43$0.00$1.43$1.58$2.27$0.68
2018Summary only. Only limited summary data is available for this year.$1.43$0.00$1.43$2.33$2.32$0.01
2017Summary only. Only limited summary data is available for this year.$1.42$0.00$1.42$2.34$2.28$0.06
2016Summary only. Only limited summary data is available for this year.$1.36$0.00$1.36$2.46$2.63$0.17
2015Summary only. Only limited summary data is available for this year.$1.53$0.00$1.53$3.01$2.87$0.14
2014Summary only. Only limited summary data is available for this year.$1.39$0.00$1.39$2.41$2.49$0.08
2013Summary only. Only limited summary data is available for this year.$1.45$0.00$1.45$2.69$2.45$0.24
2012Summary only. Only limited summary data is available for this year.$1.21$0.00$1.21$2.69$2.44$0.25
2011Summary only. Only limited summary data is available for this year.$0.96$0.00$0.96$2.71$2.87$0.16
Peer Organizations

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