Guitars For Vets
- Assets
- $1.4m
- Revenue
- $834.7k
- Investments
- $0.0
- Employees
- 10
- Location
- Wauwatosa, WI
- Founding
- 08/2008
- Data as of
- 12/2021
- EIN
- 51-0662347
Organization Overview
Guitars For Vets is located in Wauwatosa, WI. The organization was established in 2008. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Guitars For Vets employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Guitars For Vets 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, Guitars For Vets generated $834.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $659.5k during the year ending 12/2021. While expenses have increased by 22.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GUITARS FOR VETS, INC. IS DEDICATED TO SHARING THE HEALING POWER OF MUSIC WITH VETERANS SUFFERING FROM SIGNIFICANT POST-COMBAT MENTAL AND EMOTIONAL DISTRESS, PARTICULARLY POST TRAUMATIC STRESS DISORDER PTSD
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEEKLY PRIVATE LESSONS ARE INDIVIDUALIZED AND BASED ON CIRRICULUM DESIGNED TO HELP STUDENTS LEARN AT THEIR OWN PACE AND ACCOMODATE ANY PHYSICAL OR EMOTIONAL CHALLENGES. UPON COMPLETION OF THE CURRICULUM EACH STUDENT IS PRESENTED WITH A GUITAR, GIG BAG, STRAP, TUNER, STRINGS, PICKS, METHOD BOOK, AND CERTIFICATION OF COMPLETION. MONTHLY GROUP LESSONS, OPEN TO PAST AND CURRENT STUDENTS, PROVIDE AN ON-GOING FORUM FOR VETERANS TO CONTINUE THEIR MUSIC EDUCATION. MANY GRADUATES BECOME ACTIVE IN OUR ORGANIZATION AS VOLUNTEERS. IN 2021 THE ORGANIZATION GRADUATED 536 STUDENTS, WHICH INCLUDES OVER 3,000 LESSONS. THERE WERE 470 ACTIVE VOLUNTEERS AND 114 ACTIVE CHAPTERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Weinstein Executive Director | Officer | 40 | $59,822 |
Patrick Nettesheim Former Board Member/founder | 40 | $59,822 | |
Pete Ruzicka Chairman | OfficerTrustee | 2 | $0 |
Bernard Bobber Secretary | OfficerTrustee | 2 | $0 |
Scott Blazek Treasurer | OfficerTrustee | 2 | $0 |
Ben Kraft Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $82,335 |
| All other contributions, gifts, grants, and similar amounts not included above | $622,962 |
| Noncash contributions included in lines 1a–1f | $98,361 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $705,297 |
| Total Program Service Revenue | $0 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $81,537 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $47,848 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $834,687 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $59,822 |
| Compensation of current officers, directors, key employees. | $29,911 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $229,038 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,495 |
| Payroll taxes | $22,567 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,387 |
| Advertising and promotion | $0 |
| Office expenses | $26,673 |
| Information technology | $14,517 |
| Royalties | $0 |
| Occupancy | $9,600 |
| Travel | $21,252 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,323 |
| All other expenses | $0 |
| Total functional expenses | $659,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,117,507 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $124,902 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $163,028 |
| Prepaid expenses and deferred charges | $11,434 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,416,871 |
| Accounts payable and accrued expenses | $20,564 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $25,564 |
| Net assets without donor restrictions | $1,345,939 |
| Net assets with donor restrictions | $45,368 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,416,871 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Guitars For Vets has recieved totaling $52,045.
| Awarding Organization | Amount |
|---|---|
Papillion Community Foundation Inc Papillion, NE PURPOSE: Program funding for Nebraska chapter of Guitars for Vets. | $50,000 |
Freda B Runyon Foundation El Dorado, CA PURPOSE: GUITARS FOR VETS MISSION IS TO PUT THE HEALING POWER OF MUSIC IN THE HANDS OF OUR HEROES. THROUGH THE TEAMWORK AND CAMARADERIE OF GUITARS FOR VETS, THEY CAN JOIN A COMMUNITY WHERE THEY LEARN TO PLAY GUITAR AND FIND SOLACE IN THE SONGS THEY LOVE AS WELL AS THE SONGS THEY HAVE YET TO WRITE. | $2,045 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Independent Community Bankers Of America Sauk Centre, MN | $290,014,074 | $45,994,592 |
Credit Union Executives Society Madison, WI | $8,321,099 | $11,726,194 |
Sauget Sanitary Development & Research Association Sauget, IL | $2,077,489 | $11,379,905 |
World Council Of Credit Unions Inc Madison, WI | $4,821,097 | $12,974,167 |
Michigan Credit Union League Plymouth, MI | $88,338,400 | $4,235,709 |
Michigan Townships Association Lansing, MI | $8,385,951 | $4,347,332 |
Minnesota Bankers Association Eden Prairie, MN | $8,043,309 | $3,421,584 |
Wisconsin Credit Union League Inc Madison, WI | $8,422,290 | $3,629,838 |
Minnesota Rural Water Association Elbow Lake, MN | $3,077,826 | $3,261,922 |
Amalgamated Social Benefits Association Chicago, IL | $4,079,204 | $2,494,451 |
Michigan Rural Water Association Okemos, MI | $1,869,015 | $2,731,981 |
Minnesota Telephone Association Inc Stpaul, MN | $1,279,282 | $1,707,745 |