Free Guitars For Future Stars
- Assets
- $38.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wonder Lake, IL
- Founding
- 08/2009
- Data as of
- 12/2021
- EIN
- 37-1577002
Organization Overview
Free Guitars For Future Stars is located in Wonder Lake, IL. The organization was established in 2009. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Free Guitars For Future Stars is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Free Guitars For Future Stars generated $43.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $39.7k during the year ending 12/2021. While expenses have increased by 5.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
MUSIC INSTRUMENTS AND RELATED INSTRUCTION, BENEFITTING OVER 50 LOW INCOME CHILDREN IN MCHENRY COUNTY PER YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamara Mcmillan Treasurer | 0 | $0 | |
Stan Mcmillan Director | 0 | $0 | |
Jim Ames Director | 0 | $0 | |
Scott Neumann Executive Dir. | 0 | $0 | |
Pat Gaughan Director | 0 | $0 | |
Jake Lizzio Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,919 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,506 |
| Other Revenue | $0 |
| Total Revenue | $43,425 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $525 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $475 |
| Other expenses | $38,670 |
| Total expenses | $39,670 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $38,275 |
| Other assets | $0 |
| Total assets | $38,275 |
| Total liabilities | $0 |
| Net assets or fund balances | $38,275 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Free Guitars For Future Stars has recieved totaling $2,594.
| Awarding Organization | Amount |
|---|---|
Les Paul Foundation Syosset, NY PURPOSE: SUMMER GUITAR PROGRAM | $2,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $94 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
AbbVie Employee Assistance Fund Inc North Chicago, IL | $0 | $8,759,468 |
Scholarship Foundation Of St Louis St Louis, MO | $49,025,721 | $11,563,775 |
Alfred I Dupont Awards Foundation Chicago, IL | $0 | $4,985,997 |
Accenture Foundation Inc Chicago, IL | $134,926,823 | $15,596,009 |
Rooted Alliance Inc Chicago, IL | $2,335,555 | $4,487,602 |
Rsm Us Foundation Davenport, IA | $13,920,904 | $7,669,329 |
Cleveland Avenue Foundation For Education Group Chicago, IL | $12,236,345 | $15,309,295 |
Western Illinois Regional Council Community Action Agency Macomb, IL | $2,081,443 | $6,378,655 |
Pleasant T Rowland Foundation Brookfield, WI | $94,312,384 | $11,804,849 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Guaranteed Rate Foundation Nfp Chicago, IL | $1,798,790 | $5,812,096 |
Foundation For The Realization Of Human Potential Nfp Chicago, IL | $6,540,045 | $5,725,099 |