2024-11-07T20:17:04-05:00 2023-12-31 990 2023-01-01 473268303 THE GIFT OF MUSIC FOUNDATION INC GIFT 8885510077 590 COMMERCE PARK DRIVE SE 175 MARIETTA GA 30060 CHRISTOPHER R MONROE CEO/EXEC DIR 8885510077 2024-05-13 true 2023 2024-10-15 13:58:12Z CHRISTOPHER R MONROE 590 COMMERCE PARK DR SE 175 MARIETTA GA 30060 978435 false X WWW.GIFTOFMUSIC.ORG X 2015 GA CREATE ACCESS TO MUSICAL INSTRUMENTS AND EDUCATION THROUGH INNOVATIVE, NEEDS-BASED PROGRAMS. 9 0 12 15 0 556118 439401 204463 370051 121 -9526 229924 131007 990626 930933 750 0 344091 403129 0 22259 563371 582666 907462 986545 83164 -55612 348866 486083 310234 503063 38632 -16980 X CREATE ACCESS TO MUSICAL INSTRUMENTS AND EDUCATION THROUGH INNOVATIVE, NEEDS-BASED PROGRAMS. false false 305475 750 263416 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. 25625 21920 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. 149594 84715 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. 480694 true true false false false false false false false false true false false true true false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false X 11 0 12 true false false false false false false false false false false false false X 9 0 false false false false false false false true true false false false true true true true false true true false GA X CHRISTOPHER R MONROE 8885510077 590 COMMERCE PARK DR SE 175 MARIETTA GA 30060 CHRISTOPHER R MONROE CEO/EXEC DIR 30.00 X 11958 0 0 D SCOTT KEEFER VICE PRES/CC 20.00 X 40000 0 0 A DIXON MARLOW CFO X 0 0 0 MICHAEL ECKERT SECRETARY X 0 0 0 PAM BREMS BOARD CHAIR X 0 0 0 CHARISSA GRANSDEN DIRECTOR X 0 0 0 JOURNELL HENRY DIRECTOR X 0 0 0 LOUIS LUGO DIRECTOR X 0 0 0 TRE HUTCHINS DIRECTOR X 0 0 0 BEV JACKSON DIRECTOR X 0 0 0 JEROME STOCKWELL DIRECTOR X 0 0 0 51958 false false false 439401 148777 439401 PROGRAM SERVICES 370051 370051 370051 95 95 3000 12621 -9621 -9621 -9621 161085 34881 126204 126204 MISCELLANEOUS INCOME 4803 4803 4803 930933 491437 95 750 750 51958 42989 8969 321756 193636 112771 15349 29415 29415 6910 6910 21374 21374 171780 171780 2471 2471 573 573 27547 27547 24527 24527 10909 10909 PROGRAM EXPENSES 243319 243319 GENERAL & ADMINISTRATIVE 73256 73256 986545 480694 483592 22259 53243 42852 10477 10555 226239 37348 66114 188891 219032 243785 348866 486083 17 263267 245463 102702 46967 154881 310234 503063 X 38632 -16980 38632 -16980 348866 486083 -55612 X false false false X 116196 179144 167489 171521 285624 919974 33890 95633 232993 529986 543940 1436442 150086 274777 400482 701507 829564 2356416 2356416 14 58 121 95 288 14 58 121 95 288 150086 274791 400540 701628 829659 2356704 0.99990 0.99990 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 226239 37348 188891 188891 INVENTORY 220642 SECURITY DEPOSITS 20822 OTHER 2321 243785 CREDIT CARDS 80932 CAPITAL LEASES 49751 LINE OF CREDIT 14211 AMERIMED 6200 SALES TAX 3194 CUSTOMER DEPOSITS-REPAIRS 395 FREIGHT 198 154881 X INSTRUMENTS & O 1 148777 COMPARABLE SALES false false false FORM 990, PAGE 2, PART III, LINE 4A 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. FORM 990, PAGE 5, PART V, LINE 3B THE FOUNDATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME. FORM 990, PAGE 6, PART VI, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PAGE 6, PART VI, LINE 12C ALL EMPLOYEES, BOARD OF DIRECTORS, AND VOLUNTEERS ARE REQUIRED TO COMPLETE ANNUAL RECERTIFICATION AND ACKNOWLEDGEMENT OF WRITTEN POLICY. ALL CONFLICTS OF INTEREST ARE RESEARCHED AND RECTIFIED. FORM 990, PAGE 6, PART VI, LINE 15A THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS OF THE ORGANIZATION (THE "BOARD") WILL OBTAIN RESEARCH AND INFORMATION TO MAKE A RECOMMENDATION TO THE FULL BOARD FOR REASONABLE COMPENSATION (SALARY AND BENEFITS) OF EXECUTIVES. THE COMPENSATION COMMITTEE WILL SECURE DATA THAT DOCUMENTS COMPENSATION LEVELS AND BENEFITS FOR SIMILARLY QUALIFIED INDIVIDUALS IN COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. IF THE COMPENSATION COMMITTEE DOES NOT HAVE DATA AS TO COMPARABILITY, IT SHALL DOCUMENT THE OTHER BASES FOR ITS DETERMINATION THAT THE PROPOSED COMPENSATION IS REASONABLE. THE COMPENSATION COMMITTEE MUST DOCUMENT HOW IT REACHED ITS DECISIONS, INCLUDING THE DATA ON WHICH IT RELIED, IN MINUTES OF MEETINGS DURING WHICH THE COMPENSATION WAS CONSIDERED FOR RECOMMENDATION TO THE BOARD. DOCUMENTATION WILL INCLUDE: -A DESCRIPTION OF THE COMPENSATION AND BENEFITS AND THE DATE APPROVED -THE MEMBERS OF THE BOARD AND OTHER PERSONS WHO WERE PRESENT DURING THE DISCUSSION ABOUT COMPENSATION AND BENEFITS, AND THE RESULTS OF THE VOTE; -A DESCRIPTION OF THE COMPARABILITY DATA RELIED UPON AND HOW THE DATA WAS OBTAINED; AND -ANY ACTIONS TAKEN (SUCH AS ABSTAINING FROM DISCUSSION AND VOTE) WITH RESPECT TO CONSIDERATION OF THE COMPENSATION BY ANYONE WHO IS OTHERWISE A MEMBER OF THE BOARD BUT WHO HAD A CONFLICT OF INTEREST WITH RESPECT TO THE DECISION ON COMPENSATION AND BENEFITS. THE BOARD SHALL REVIEW AND APPROVE EXECUTIVE COMPENSATION, AFTER A REVIEW OF COMPARABILITY DATA AND OTHER EVIDENCE REGARDING THE REASONABILITY OF COMPENSATION PRESENTED TO IT BY THE FINANCE COMMITTEE, AND SHALL CONTEMPORANEOUSLY SUBSTANTIATE ITS DELIBERATION AND THE BASES OF ITS DECISION IN THE MINUTES. ONLY THOSE DIRECTORS WHO ARE FREE OF CONFLICTS OF INTEREST MAY VOTE ON EXECUTIVE COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 15B THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS OF THE ORGANIZATION (THE "BOARD") WILL OBTAIN RESEARCH AND INFORMATION TO MAKE A RECOMMENDATION TO THE FULL BOARD FOR REASONABLE COMPENSATION (SALARY AND BENEFITS) OF EXECUTIVES, OFFICERS, AND KEY EMPLOYEES. THE COMPENSATION COMMITTEE WILL SECURE DATA THAT DOCUMENTS COMPENSATION LEVELS AND BENEFITS FOR SIMILARLY QUALIFIED INDIVIDUALS IN COMPARABLE POSITIONS AT SIMILAR ORGANIZATIONS. IF THE COMPENSATION COMMITTEE DOES NOT HAVE DATA AS TO COMPARABILITY, IT SHALL DOCUMENT THE OTHER BASES FOR ITS DETERMINATION THAT THE PROPOSED COMPENSATION IS REASONABLE. THE COMPENSATION COMMITTEE MUST DOCUMENT HOW IT REACHED ITS DECISIONS, INCLUDING THE DATA ON WHICH IT RELIED, IN MINUTES OF MEETINGS DURING WHICH THE COMPENSATION WAS CONSIDERED FOR RECOMMENDATION TO THE BOARD. DOCUMENTATION WILL INCLUDE: -A DESCRIPTION OF THE COMPENSATION AND BENEFITS AND THE DATE APPROVED; -THE MEMBERS OF THE BOARD AND OTHER PERSONS WHO WERE PRESENT DURING THE DISCUSSION ABOUT COMPENSATION AND BENEFITS, AND THE RESULTS OF THE VOTE; -A DESCRIPTION OF THE COMPARABILITY DATA RELIED UPON AND HOW THE DATA WAS OBTAINED; AND -ANY ACTIONS TAKEN (SUCH AS ABSTAINING FROM DISCUSSION AND VOTE) WITH RESPECT TO CONSIDERATION OF THE COMPENSATION BY ANYONE WHO IS OTHERWISE A MEMBER OF THE BOARD BUT WHO HAD A CONFLICT OF INTEREST WITH RESPECT TO THE DECISION ON COMPENSATION AND BENEFITS. THE BOARD SHALL REVIEW AND APPROVE EXECUTIVE COMPENSATION, AFTER A REVIEW OF COMPARABILITY DATA AND OTHER EVIDENCE REGARDING THE REASONABILITY OF COMPENSATION PRESENTED TO IT BY THE FINANCE COMMITTEE, AND SHALL CONTEMPORANEOUSLY SUBSTANTIATE ITS DELIBERATION AND THE BASES OF ITS DECISION IN THE MINUTES. ONLY THOSE DIRECTORS WHO ARE FREE OF CONFLICTS OF INTEREST MAY VOTE ON EXECUTIVE COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 UPON WRITTEN REQUEST.