David Z Foundation
Nonprofit profile at a glance
- EIN
- 453262600
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024, Form 990-N 2019
- Location
- Encino, CA, USA
- Phone
- 9173043084
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Music
Reported finances
- Revenue
- $237,739
- Expenses
- $161,161
- Assets
- $26,593
- Liabilities
- $219,710
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Highest reported compensation
- DANIEL ROEDER (Controller): $32,083 total reported compensation
- PAUL ZABLIDOWSKY (Executive Dir.): $27,083 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The David Z Foundation is a non-profit organization created in memory of DavidZablidowsky and dedicated to transforming lives through the magic of music. Our goal is to nurture that creative musical spark that a child has and help turn it into a sustainable reality.
What it reported doing in 2024
The Medley Music program is designed to offer students a unique opportunity to create and produce an original song and music video that is focused on an educational topic of their choosing. Students work with a teaching artists and other industry professionals to bring their version of fruition. The program helps students build skills in project management, promotes the enhancement of collaborative skills, and creates a safe space for self-expression and creativity.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 25
- Transparency & Controls: 86
- Accountability: 74
- Sustainability: 43
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 24.4%; rating input score 24
- Program expense ratio: 36%; rating input score 36
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 19th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 38
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 32.2%; rating input score 84; 84th percentile among comparable filings
- Total-asset coverage ratio: 0.17; rating input score 10; 10th percentile among comparable filings
- Liabilities to assets ratio: 8.26; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 36.7%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: 45.9% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: 34.3% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: -19.7% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 24.4% of revenue deployed · 36% of spending went to programs
- Governance: 6 of 6 board members independent · 3 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $58K in reported program spending
- Leadership: top reported pay $32K · 7 people listed
- Consistency: 24 of 25 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 3 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 24/100.
- Moderate — Financial Efficiency: Program expense ratio scored 36/100.
- Moderate — Accountability: Governance controls: 4 of 7 not reported.
- High — Sustainability: Total-asset coverage ratio scored 10/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- High — Sustainability: Officer compensation ratio scored 7/100.