EIN 47-3268303

The Gift of Music Foundation

IRS 501(c) type
501(c)(3)
Num. employees
12
State
Year formed
2015
Most recent tax filings
2023-12-01
NTEE code, primary
Description
The Gift of Music Foundation provides resources for music programs and education, offers access to instruments and classes in Marietta, GA.
Total revenues
$930,933
2023
Total expenses
$986,545
2023
Total assets
$486,083
2023
Num. employees
12
2023

Program areas at The Gift of Music Foundation

Access to instruments (ati) program: provides access to The instrument that a beginning student needs to participate in band or orchestra. Our innovative model serves families of all financial means and pricing is based on need. The "partner plan" is open to all families with a near market monthly rental rate that helps subsidize other plans. The "reduced plan" is a monthly rental at a greatly reduced cost. It is open to families receiving any kind of nutrition assistance such as free/reduced lunch, snap, etc. The "Gift of Music plan" is an option for families meeting further income and household size qualifications. It has a small application fee, but no monthly rental payments. Both The partner and reduced plans are month to month rent to own contracts that can be cancelled and returned any time. The Gift of Music plan can be renewed each school year. All plans include our repair and maintenance (ramp) at no additional cost.
Instrument repair program: provides both internal instrument repair in support of The ati and other programs, as well as external support by repairing instruments for schools and individuals. Generates revenue through external customers and scholastic partnerships that pay for these instrument repairs. This revenue covers The cost of instrument technicians, tools and equipment. Excess revenue generated is used throughout The Gift of Music Foundation in The general fund to support other programs.
Access to Music education program (atmep): creates access to beginning and/or intermediate instrumental Music classes where they have been eliminated or are not offered. Typically, an atmep partner will provide use of their facility while The Gift of Music Foundation provides The turn-key Music class offerings, including The teacher and curriculum. Classes are tailored and priced for each school based on overall need. Parents will pay either a monthly tuition, or one time registration fee. This is determined by The overall socioeconomic status of The school or facility. If instruments are needed, The ati program is offered to students and parents. Individual classes may also create fundraising teams for specific instruments or technology.

Personnel at The Gift of Music Foundation

NameTitleCompensation
Chris MonroeExecutive Director | Chief Executive Officer
A Dixon MarlowChief Financial Officer$0
Scott KeeferInstruments Director | Vice President
Alonzo TaylorAfter - School Program Director
Lauren McBrideDirector of Community Engagement
...and 5 more key personnel

Financials for The Gift of Music Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$439,401
Program services$370,051
Investment income and dividends$95
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-9,621
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$126,204
Miscellaneous revenues$4,803
Total revenues$930,933

Form 990s for The Gift of Music Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-07990View PDF
2022-122023-05-30990View PDF
2021-122022-05-11990View PDF
2020-122021-10-28990View PDF
2019-122021-05-19990EZView PDF
...and 3 more Form 990s

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GiRLS Rock Des MOINESWindsor Heights, IA$265,402
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High Desert Chamber MusicBend, OR$270,346
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Data update history
August 31, 2023
Updated personnel
Identified 15 new personnel
August 13, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 2, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 24, 2023
Updated personnel
Identified 6 new personnel
August 9, 2022
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Arts, culture, and humanities nonprofitsPerforming arts organizationsMusical groupsCharities
Issues
EducationArts, cultural, and humanitiesHuman services
Characteristics
Partially liquidatedState / local levelTax deductible donationsAccepts online donations
General information
Address
590 Commerce Park Dr Se 175
Marietta, GA 30060
Metro area
Atlanta-Sandy Springs-Alpharetta, GA
County
Cobb County, GA
Website URL
giftofmusic.org/ 
Phone
(888) 551-0077
IRS details
EIN
47-3268303
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2015
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
A68: Music
NAICS code, primary
711130: Musical Groups and Artists
Parent/child status
Independent
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