Nonprofit · EIN 47-3268303
GIFT OF MUSIC FOUNDATION INC
Tax-exempt · MARIETTA, GA 30060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,293,773 | $964,807 | $328,966 | $813,458 | $501,472 | $311,986 |
| December 31, 2023 | 990 | $930,933 | $986,545 | -$55,612 | $486,083 | $503,063 | -$16,980 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $712,380
- Program service revenue
- $462,838
- Investment income
- $93
- Net income from sales of inventory
- $95,914
- Other revenue
- $118,462
Expenses
- Grants and similar amounts paid
- $10,160
- Compensation of officers, directors and key employees
- $75,333
- Other salaries and wages
- $350,119
- Salaries, compensation and benefits (total)
- $460,062
- Professional fundraising fees
- $0
- Occupancy
- $214,863
- Travel
- $664
- Depreciation
- $27,501
- Program services (functional)
- $402,752
- Management and general (functional)
- $542,652
- Fundraising (functional)
- $19,403
Balance sheet and other
- Total assets, start of year
- $486,083
- Total assets, end of year
- $813,458
- Total liabilities, end of year
- $501,472
- Net assets, end of year
- $311,986
- Land, buildings and equipment
- $164,921
- Net assets without donor restrictions
- $311,986
- Gross receipts
- $1,317,650
- Employees
- 13
- Volunteers
- 18
- Year formed
- 2015
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| D SCOTT KEEFER | VICE PRES/CS Officer | 20 | $40,000 |
| CHRISTOPHER R MONROE | CEO/EXEC DIR Officer | 30 | $35,333 |
| A DIXON MARLOW | CFO Officer | – | $0 |
| MICHAEL ECKERT | SECRETARY Officer | – | $0 |
| PAM BREMS | BOARD CHAIR Trustee or director | – | $0 |
| CHARISSA GRANSDEN | DIRECTOR Trustee or director | – | $0 |
| JOURNELL HENRY | DIRECTOR Trustee or director | – | $0 |
| LOUIS LUGO | DIRECTOR Trustee or director | – | $0 |
| TRE HUTCHINS | DIRECTOR Trustee or director | – | $0 |
| BEV JACKSON | DIRECTOR Trustee or director | – | $0 |
| JEROME STOCKWELL | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| D SCOTT KEEFER | VICE PRES/CC Officer | 20 | $40,000 |
| CHRISTOPHER R MONROE | CEO/EXEC DIR Officer | 30 | $11,958 |
| A DIXON MARLOW | CFO Officer | – | $0 |
| MICHAEL ECKERT | SECRETARY Officer | – | $0 |
| PAM BREMS | BOARD CHAIR Trustee or director | – | $0 |
| CHARISSA GRANSDEN | DIRECTOR Trustee or director | – | $0 |
| JOURNELL HENRY | DIRECTOR Trustee or director | – | $0 |
| LOUIS LUGO | DIRECTOR Trustee or director | – | $0 |
| TRE HUTCHINS | DIRECTOR Trustee or director | – | $0 |
| BEV JACKSON | DIRECTOR Trustee or director | – | $0 |
| JEROME STOCKWELL | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 590 COMMERCE PARK DR SE STE 175, MARIETTA, GA 30060-2761
- In care of
- % CHRISTOPHER R MONROE
- Mailing address (990-N for 2015)
- PO BOX 53095, ATLANTA GA 30355
- Principal officer (990 for 2024)
- CHRISTOPHER R MONROE, 590 COMMERCE PARK DR SE 175, MARIETTA, GA 30060
- Principal officer (990-N for 2015)
- CHRISTOPHER MONROE, PO BOX 53095, ATLANTA GA 30355
- Signed the 990
- CHRISTOPHER R MONROE, CEO/EXEC DIR
- Phone
- (888) 551-0077
- Website
- www.giftofmusic.org
Mission
CREATE ACCESS TO MUSICAL INSTRUMENTS AND EDUCATION THROUGH INNOVATIVE, NEEDS-BASED PROGRAMS.
Program accomplishments
- 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.Expenses $269,004 · grants $10,160 · revenue $340,502
- 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.Expenses $21,888 · revenue $19,742
- 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.Expenses $111,860 · revenue $102,594
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-3268303
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $813,458
- Income (IRS master file)
- $1,317,650
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,293,773 | $964,807 | $813,458 | XML |
| 990 | December 2023 | $930,933 | $986,545 | $486,083 | XML |
| 990 | December 2022 | $990,626 | $907,462 | $348,866 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
| 990-N for 2015 Officer: CHRISTOPHER MONROE | December 31, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-3268303).
Questions about GIFT OF MUSIC FOUNDATION INC
- What is the EIN of GIFT OF MUSIC FOUNDATION INC?
- The employer identification number (EIN) of GIFT OF MUSIC FOUNDATION INC is 47-3268303.
- Is GIFT OF MUSIC FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to GIFT OF MUSIC FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GIFT OF MUSIC FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GIFT OF MUSIC FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GIFT OF MUSIC FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GIFT OF MUSIC FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names CHRISTOPHER R MONROE.
- Who are the officers and directors of GIFT OF MUSIC FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 2 received compensation from the organization, the highest $40,000 (D SCOTT KEEFER, VICE PRES/CS).
- How much revenue does GIFT OF MUSIC FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,293,773, expenses of $964,807 and total assets of $813,458 at year end.
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