The Harris Guitar Foundation

Nonprofit profile at a glance

EIN
461025013
IRS 990-EZ coverage
2014–2019
Forms available
Form 990 2018, Form 990-EZ 2019
Location
Berkeley, CA, USA
Phone
4159770558
Rating
93
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Reported finances

Revenue
$14,500
Expenses
$526,303
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • John Harris (CEO)

People named in this filing

  • John Harris (CEO)
  • Alex Harris (CFO)
  • Richard Savino (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 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To operate for the benefit of, to perform the functions of, or to carry out the purposes of, The San Francisco Conservatory of Music and the Bay Area OMNI Foundation for the Performing Arts Inc.

What it reported doing in 2019

The Harris Guitar Foundation has succeeded in its mission to support The San Francisco Conservatory of Music and the OMNI Foundation for the Performing Arts. Our guitar collection has influenced many students, faculty and performers by allowing hands-on experience of the collections historical instruments. Knowing first hand the history of the guitars evolution over 200 years is invaluable for students and professionals. Our HGF programs at the Conservatory have given students, faculty and visiting performers a deeper understanding of their instrument. We are delighted that the Harris Guitar Collection now has a permanent home at SFCM.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 100
  • Sustainability: 8
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.1%; rating input score 98

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -3,529.7%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 65.6% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: -4.7% per year; rating input score 0; 39th percentile among comparable filings
  • Asset growth: 7.5% per year; rating input score 100; 66th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $516K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 4 filing years from 2014 to 2019
  • 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.

  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.