GUITAR CENTER MUSIC FOUNDATION: Form 990EZ, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
GUITAR CENTER MUSIC FOUNDATION (EIN 20-3436786)
Tax period
2010-01-01 to 2010-12-31
Filed
2011-11-15
IRS object ID
201113199349202501
Schema version
2010v3.4
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2011-11-15T12:31:57-06:00Timestamp
Tax Period End Date2010-12-31TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1YH ADVISORS INCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line17777 CENTER AVENUE SUITE 405AddressLine1
CityHUNTINGTON BEACHCity
StateCAState
ZIP Code92647ZIPCode
FieldValueIRS element (for citing)
Return Type990EZReturnType
Tax Period Begin Date2010-01-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN203436786EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1THE FENDER MUSIC FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlFENDNameControl
Phone8187078742Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line128118 AGOURA ROAD NO 105AddressLine1
CityAGOURA HILLSCity
StateCAState
ZIP Code91301ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameBRUCE ROSSName
TitleCFOTitle
Phone8187078742Phone
Date Signed2011-11-11DateSigned
Authorize Third Party1AuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
Phone3109822806Phone
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting AccrualXMethodOfAccountingAccrual
Web SiteWWW.FENDERMUSICFOUNDATION.ORGWebSite
Organization501c3XOrganization501c3
Gross Receipts147577GrossReceipts
Info In Schedule O Part IXInfoInScheduleOPartI
Contributions Gifts Grants Etc117439ContributionsGiftsGrantsEtc
Fundraising Gross Income1219FundraisingGrossIncome
Special Events Direct Expenses1219SpecialEventsDirectExpenses
Special Events Net Income Loss0SpecialEventsNetIncomeLoss
Gross Sales Of Inventory28919GrossSalesOfInventory
Cost Of Goods Sold6504CostOfGoodsSold
Gro Profit Loss Sales Of Inventory22415GroProfitLossSalesOfInventory
Total Revenue139854TotalRevenue
Grants And Similar Amounts Paid1254GrantsAndSimilarAmountsPaid
Benefits Paid To Or For Members0BenefitsPaidToOrForMembers
Salaries Other Comp Empl Benefits52637SalariesOtherCompEmplBenefits
Fees And Oth Pymt To Ind Contractors8244FeesAndOthPymtToIndContractors
Occupancy Rent Utilities And Maint17002OccupancyRentUtilitiesAndMaint
Printing Publications Postage3680PrintingPublicationsPostage
Other Expenses Total14459OtherExpensesTotal
Total Expenses97276TotalExpenses
Excess Or Deficit For Year42578ExcessOrDeficitForYear
Net Assets Or Fund Balances BOY135650NetAssetsOrFundBalancesBOY
Other Changes In Net Assets0OtherChangesInNetAssets
Net Assets Or Fund Balances EOY178228NetAssetsOrFundBalancesEOY
Info In Schedule O Part IIXInfoInScheduleOPartII

Cash Savings And Investments CashSavingsAndInvestments

FieldValueIRS element (for citing)
BOY36126BOY
EOY68822EOY

Other Assets Total OtherAssetsTotal

FieldValueIRS element (for citing)
BOY106261BOY
EOY118675EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY142387BOY
EOY187497EOY

Sum Of Total Liabilities SumOfTotalLiabilities

FieldValueIRS element (for citing)
BOY6737BOY
EOY9269EOY

Net Assets Or Fund Balances NetAssetsOrFundBalances

FieldValueIRS element (for citing)
BOY135650BOY
EOY178228EOY
FieldValueIRS element (for citing)
Info In Schedule O Part IIIXInfoInScheduleOPartIII
Primary Exempt PurposeMUSIC EDUCATION IN THE COMMUNITYPrimaryExemptPurpose

Program Service Accomplishment ProgramServiceAccomplishment

FieldValueIRS element (for citing)
Description Program Service AccomMAKING THE BENEFITS OF MAKING MUSIC AVAILABLE TO EVERYONE IN THE COMMUNITIES IN WHICH WE SERVE, PROMOTING ITS IMPORTANCE THROUGH EDUCATION AND MEDIA INTIATIVES, AND PROVIDING FINANCIAL AND IN-KIND RESOURCES IN COLLABORATION WITH OTHER ORGANIZATIONS TO ACHIEVE OUR COMMON GOAL.FINANCIAL AND EQUIPMENT GRANTS WERE MADE TO VARIOUS SCHOOLS, MUSIC ACADEMIES, SYMPHONIES, AND OTHER PROGRAMS WITH RELATED GOALS.DescriptionProgramServiceAccom
Grants And Allocations1254GrantsAndAllocations
Program Service Expenses62442ProgramServiceExpenses
FieldValueIRS element (for citing)
Total Program Service Expenses62442TotalProgramServiceExpenses
Info In Schedule O Part IVXInfoInScheduleOPartIV

Officer Director Trustee Key Empl OfficerDirectorTrusteeKeyEmpl (12 entries)

Address Line1AddressUS/AddressLine1CityAddressUS/CityStateAddressUS/StateZIP CodeAddressUS/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
LARRY THOMAS
28118 AGOURA ROAD SUITE 105AGOURA HILLSCA91301CHAIRMAN UNTIL 9/81.00000
HAMID HOPKINS
28118 AGOURA ROAD SUITE 105AGOURA HILLSCA91301CHAIRMAN STARTING 9/82.00000
RICHARD WINER
28118 AGOURA ROAD SUITE 105AGOURA HILLSCA91301CFO UNTIL 4/31.00000
BRUCE ROSS
28118 AGOURA ROAD SUITE 105AGOURA HILLSCA91301CFO STARTING 9/81.00000
DON FELDER
28118 AGOURA ROAD SUITE 105AGOURA HILLSCA91301BOARD MEMBER1.00000
GINA ATTON-THOMAS
28118 AGOURA ROAD SUITE 105AGOURA HILLSCA91301BOARD MEMBER1.00000
JANIE HENDRIX
28118 AGOURA ROAD SUITE 105AGOURA HILLSCA91301BOARD MEMBER1.00000
JEREMY KOFF
28118 AGOURA ROAD SUITE 105AGOURA HILLSCA91301BOARD MEMBER1.00000
DANNY SERAPHINE
28118 AGOURA ROAD SUITE 105AGOURA HILLSCA91301BOARD MEMBER1.00000
JOE BONAMASSA
28118 AGOURA ROAD SUITE 105AGOURA HILLSCA91301BOARD MEMBER1.00000
CHRIS SHELBURNE
28118 AGOURA ROAD SUITE 105AGOURA HILLSCA91301BOARD MEMBER1.00000
ALLEN KEPLER
28118 AGOURA ROAD SUITE 105AGOURA HILLSCA91301BOARD MEMBER1.00000
FieldValueIRS element (for citing)
Info In Schedule O Part VXInfoInScheduleOPartV
Activities Not Previously Rpt0ActivitiesNotPreviouslyRpt
Made Changes To Orgnzng Etc Doc0MadeChangesToOrgnzngEtcDoc
Organization Had UBI0OrganizationHadUBI
Organization Dissolved Etc0OrganizationDissolvedEtc
Direct Indirect Political Expend0DirectIndirectPoliticalExpend
Made Loans To From Officers0MadeLoansToFromOfficers
Tax Imposed Under IRC49110TaxImposedUnderIRC4911
Tax Imposed Under IRC49120TaxImposedUnderIRC4912
Tax Imposed Under IRC49550TaxImposedUnderIRC4955
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTrans
Amount Of Tax Imposed On Org Mgr0AmountOfTaxImposedOnOrgMgr
Amount Of Tax Reimbursed By Org0AmountOfTaxReimbursedByOrg
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTrans
States Where Copy Of Return Is FiledCAStatesWhereCopyOfReturnIsFiled

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1MORIAH SCOBLEBusinessNameLine1

Address US AddressUS

FieldValueIRS element (for citing)
Address Line128118 AGOURA ROAD NO 105AddressLine1
CityAGOURA HILLSCity
StateCAState
ZIP Code91301ZIPCode
FieldValueIRS element (for citing)
Telephone Number8187078742TelephoneNumber
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccount
Foreign Office0ForeignOffice
Maintain Any Donor Advised Funds0MaintainAnyDonorAdvisedFunds
Does Org Have Hospital0DoesOrgHaveHospital
Tanning Services Provided0TanningServicesProvided
Related Org Controlled Entity0RelatedOrgControlledEntity
Transaction With Control Entity0TransactionWithControlEntity
Engage Political Cmpgn Activities0EngagePoliticalCmpgnActivities
Engage In Lobbying Activities0EngageInLobbyingActivities
Operating School0OperatingSchool
Trnsfrs Exempt Non Char Related Org0TrnsfrsExemptNonCharRelatedOrg
Part VI Of Comp Of Highest Paid EmplNONEPartVIOfCompOfHighestPaidEmpl
Tot Number Of Oth Empl Paid Over100k0TotNumberOfOthEmplPaidOver100k
Part VIA Hghst Paid Cntrct Prof SerNONEPartVIAHghstPaidCntrctProfSer
Tot Num Cntrct Pd Over100 K Prof Ser0TotNumCntrctPdOver100KProfSer
Filed Schedule A1FiledScheduleA

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2XPubliclySupportedOrg509a2

Gifts Grants Contrib Received509 GiftsGrantsContribReceived509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years363021CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years171953CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years104353CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year37762CurrentTaxYearMinus1Year
Current Tax Year117439CurrentTaxYear
Total794528Total

Gross Receipts From Admissions GrossReceiptsFromAdmissions

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years113504CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years65079CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years28326CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year63981CurrentTaxYearMinus1Year
Current Tax Year22415CurrentTaxYear
Total293305Total

Total509 Total509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years476525CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years237032CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years132679CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year101743CurrentTaxYearMinus1Year
Current Tax Year139854CurrentTaxYear
Total1087833Total

Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years221016CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years51700CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years16300CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year10000CurrentTaxYearMinus1Year
Current Tax Year34100CurrentTaxYear
Total333116Total

Amts From Subst Contributors AmtsFromSubstContributors

FieldValueIRS element (for citing)
Total0Total

Support From DQ Ps Etc SupportFromDQPsEtc

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years221016CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years51700CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years16300CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year10000CurrentTaxYearMinus1Year
Current Tax Year34100CurrentTaxYear
Total333116Total
FieldValueIRS element (for citing)
Public Support Total509754717PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years1366CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years3658CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1907CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year66CurrentTaxYearMinus1Year
Total6997Total

Investment Income And UBTI InvestmentIncomeAndUBTI

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years1366CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years3658CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years1907CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year66CurrentTaxYearMinus1Year
Total6997Total

Net Income From Other UBI NetIncomeFromOtherUBI

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years9278CurrentTaxYearMinus2Years
Total9278Total

Total Support Total TotalSupportTotal

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years477891CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years240690CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years143864CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year101809CurrentTaxYearMinus1Year
Current Tax Year139854CurrentTaxYear
Total1104108Total
FieldValueIRS element (for citing)
Public Support Percentage5090.68360PublicSupportPercentage509
Prior Year Support Percentage0.98170PriorYearSupportPercentage
Investment Income Percentage0.00630InvestmentIncomePercentage
Prior Yr Invest Income Percentage0.00730PriorYrInvestIncomePercentage
Thirty Three Percnt Tests CY509XThirtyThreePercntTestsCY509

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule G IRS990ScheduleG

Events Information EventsInformation

FieldValueIRS element (for citing)
Name Of Event1FUNDRAISERNameOfEvent1
Gross Receipts Event126684GrossReceiptsEvent1
Charitable Contributions Event125465CharitableContributionsEvent1
Gross Revenue Event11219GrossRevenueEvent1
Food And Beverage Event1557FoodAndBeverageEvent1
Other Direct Expenses Event1662OtherDirectExpensesEvent1
Gross Receipts Total26684GrossReceiptsTotal
Charitable Contributions Total25465CharitableContributionsTotal
Gross Revenue Total Events1219GrossRevenueTotalEvents
Food And Beverage Total Events557FoodAndBeverageTotalEvents
Other Direct Expenses Total Events662OtherDirectExpensesTotalEvents
Direct Expense Summary Events1219DirectExpenseSummaryEvents
Net Income Summary0NetIncomeSummary

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (4 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
INCOME FROM SALES OF INVENTORYFORM 990-EZ, PART I, LINE 7INCOME: GROSS RECEIPTS: 28,919. RETURNS AND ALLOWANCES: 0. LESS COST OF GOODS SOLD: 6,504. GROSS PROFIT: 22,415. COST OF GOODS SOLD: INVENTORY AT BEGINNING OF YEAR: 0. MERCHANDISE PURCHASED: 0. COST OF LABOR: 0. MATERIALS AND SUPPLIES: 0. OTHER COSTS: 6,504. INVENTORY AT END OF YEAR: 0. COST OF GOODS SOLD: 6,504.
OTHER EXPENSESFORM 990-EZ, PART I, LINE 16DESCRIPTION: PAYROLL TAXES. AMOUNT: 4,070. DESCRIPTION: INSURANCE. AMOUNT: 3,588. DESCRIPTION: MEETINGS. AMOUNT: 2,314. DESCRIPTION: BANK FEES. AMOUNT: 1,719. DESCRIPTION: SUPPLIES. AMOUNT: 1,112. DESCRIPTION: ADVERTISING. AMOUNT: 727. DESCRIPTION: STAFF DEVELOPMENT. AMOUNT: 385. DESCRIPTION: EQUIPMENT LEASE. AMOUNT: 207. DESCRIPTION: OTHER TAXES. AMOUNT: 167. DESCRIPTION: ENTERTAINMENT. AMOUNT: 110. DESCRIPTION: DEPRECIATION. AMOUNT: 60. TOTAL TO FORM 990-EZ, LINE 16: 14,459.
OTHER ASSETSFORM 990-EZ, PART II, LINE 24DESCRIPTION: INVENTORIES. BEG. OF YEAR AMOUNT: 77,399. END OF YEAR AMOUNT: 80,951. DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 21,330. END OF YEAR AMOUNT: 20,905. DESCRIPTION: DEPOSITS. BEG. OF YEAR AMOUNT: 6,242. END OF YEAR AMOUNT: 6,242. DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 60. END OF YEAR AMOUNT: 0. DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 1,230. END OF YEAR AMOUNT: 10,577.
OTHER LIABILITIESFORM 990-EZ, PART II, LINE 26DESCRIPTION: OTHER CURRENT LIABILITIES. BEG. OF YEAR AMOUNT: 6,737. END OF YEAR AMOUNT: 9,269.

Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl

FieldValueIRS element (for citing)
DeclarationTHE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.Declaration

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