Gustavo Dudamel Foundation Inc

What it reported doing in 2024

Fidelio bridges deaf and hearing communities and encourages us all to examine how people experience music. In 2024, the dudamel foundation supported the coro de manos blancas (white hands choir) throughout their journey as part of the 2024 revival of beethoven's fidelio in los angeles, barcelona, paris, and london. Additionally, the foundation supported the coro in athens in june 2024 when they were invited to perform as featured artists in coldplay's music video, feelslikeimfallinginlove.encuentros -- a champion of the belief in music's power to unite and inspire, gustavo dudamel created the idea of encuentros (english: "encounters") through his foundation in 2018 as a way for young people to explore cultural unity and celebrate harmony, equality, dignity, beauty, and respect through music. Through this vision, encuentros inspires and teaches a new generation of young leaders to build a better world. Trenton arts at princeton -- through a five-year dudamel foundation grant, princeton university launched the neighborhood project in january 2020, an educational initiative designed to connect musicians on puc's series with students from neighboring underserved communities. The five-year pilot program is a collaboration with trenton arts at princeton and focused on a partnership with trenton central high school in its inaugural year. The five-year grant also supports the trenton youth orchestra, now part of trenton arts @ princeton, and its faculty mentors through the spring of 2025.

Financial Efficiency

• Mission deployment rate: 61.8%; rating input score 62
• Program expense ratio: 81.2%; rating input score 81
• Fundraising efficiency: $9.82 raised per $1 spent on fundraising; rating input score 39; 39th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: 1 of 8 controls in place; rating input score 12
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Fail
  • Conducts field audits: Fail
  • May suspend future funding: Fail
  • Requires financial reports: Fail
  • Conducts site visits: Fail
  • Requires grant agreements: Fail
  • May require repayment: Fail
• Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
• 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: 4 of 8 controls in place; rating input score 50
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 24%; rating input score 77; 77th percentile among comparable filings
• Total-asset coverage ratio: 2.12; rating input score 60; 60th percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 43; 43rd percentile among comparable filings
• Officer compensation ratio: 21.1%; rating input score 18; 18th percentile among comparable filings

Growth

• Program expense growth: 0% per year; rating input score 100; 31st percentile among comparable filings
• Revenue growth: 3.1% per year; rating input score 100; 41st percentile among comparable filings
• Asset growth: 16.2% per year; rating input score 100; 79th percentile among comparable filings