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Charity Report - VH1 Save the Music Foundation - give.org
VH1 Save the Music Foundation meets the 20 Standards for Charity Accountability.
Year, State Incorporated
1955, New York
"to restore and sustain instrumental music education in America's public schools, and raise awareness about the importance of music as part of each child's complete education."
The Foundation develops strategic partnerships with school districts to build sustainable instrumental music programs by providing grants of brand-new musical instruments to public schools that do not currently have an instrumental music program in place. The organization reports that since its launch in 1997 it has granted $51 million worth of new musical instruments to more than 1,900 public schools in 231 school districts around the country, affecting the lives of 2.3 million children. In 2014, the Foundation reported funding the purchase of 1,272 instruments which resulted in 168,480 minutes of music instruction, and 52 teachers' jobs saved.
|Musical education restoration||2,283,077|
|Total Program Expenses:||$2,283,077|
Paul Cothran, Executive Director
Chair of the Board
Chair's Profession / Business Affiliation
President of VH1
Paid Staff Size
Direct mail, special events, television, grant proposals, Internet appeals,
planned giving, cause-related marketing, and combined federal campaign donations. Fund raising costs were 20% of related contributions. (Related contributions, which totaled $3,576,043, are donations received as a result of fund raising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on The Foundation's audited financial statements for the fiscal year ended September 30, 2014.
|Source of Funds|
|Contributions and grants||1,676,595|
|Donated materials and services||1,588,712|
|Special events, net||287,312|
|Donated musical instruments||23,424|
- Programs: 69%
- Fundraising: 21%
- Administrative: 10%
|Income in Excess of Expenses||243,150|
|Beginning Net Assets||73,700|
|Ending Net Assets||316,850|
Note: According to the organization's audited financial statements for the year ended September 30, 2014, the Foundation received in-kind donations totaling $1,612,136, including donated materials and services ($1,588,712), and donated musical instruments ($23,424).
Category: Personal Finance