First Friday Music Club Inc
Nonprofit profile at a glance
- EIN
- 204413369
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- San Diego, CA, USA
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Youth Centers, Clubs
Reported finances
- Revenue
- $56,189
- Expenses
- $43,961
- Assets
- $47,749
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Glen Fisher (President)
People named in this filing
- Glen Fisher (President)
- Judith Fisher (Treasurer)
- Cynthia Yoder (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The primary goal of the First Friday Music Club is to enhance and supplement deficiencies in the arts especially music caused by continuous budget cuts in music education. By hiring professional musicians to assist teachers conduct workshops provide free lessons to students in need and give students unique performance and training opportunities throughout the community we are able to fill that void.
What it reported doing in 2024
The First Friday Music Club assists music programs at local schools by hiring professional musicians during the whole school year to assist teachers with Guitar classes Orchestra and Jazz classes. Professional musicians help individual students or small groups of students master their instrument or newly learned songs. The professionals also will help with phrasing or improvisation and any other musically more advanced techniques teachers dont have the ability to teach in a big class setting. The First Friday Music Club also provides annual Jazz workshops for Jazz class at the local Middle School which culminates in a live performance where students get a chance to perform with the professionals. There are 90 students in three guitar classes at the local High School Point Loma High School and 130 student in Guitar Orchestra and Jazz at the local Middle School Correia Middle School. The number of students vary each year depending on enrollment. In 2024 we provided a total of 162 hours of assistance benefitting 220 students. The First Friday Music Club especially president Glen Fishers passion of music education have been instrumental in a sequential guitar program from 5th to 12th grade in our cluster.
Operating model
- Revenue model
- Donor-supported. 80% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 100
- Sustainability: 50
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.2%; rating input score 77
- Program expense ratio: 98.7%; rating input score 99
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 21.8%; rating input score 75; 75th percentile among comparable filings
- Total-asset coverage ratio: 1.09; rating input score 49; 49th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 84.2%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 77.2% of revenue deployed · 98.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $43K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
- High — Sustainability: Officer compensation ratio scored 0/100.
- Review — Grant Readiness: California registration: this organization could not be resolved against the register, so the check is unfinished.