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Nonprofiteer
← THE DRAKE GIVES

Form 990 for tax year 2024

Filed by THE DRAKE GIVES.

Totals

Total revenue
$1,065,268
Total expenses
$1,211,484
Contributions and grants received
$1,065,268
Grants paid
$1,052,868
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$894,172
Total liabilities, end of year
$1,544
Net assets or fund balances, end of year
$892,628
Program services expenses (Part IX)
$1,052,868
Management and general expenses
$50,486
Fundraising expenses
$108,130
Program service expenses (Part III)
$1,052,868

Program services were 86.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $205,900

  • 1f · All other contributions, gifts and grants

    $859,368

  • 8a · Fundraising events: contributions included on line 1c

    $205,900

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,052,868 · program services $1,052,868

  • 23 · Insurance

    total $1,335 · program services $0 · management and general $1,335 · fundraising $0

  • 24a · Other expenses: FUNDRAISING EVENTS

    total $108,130 · program services $0 · management and general $0 · fundraising $108,130

  • 24b · Other expenses: BANK CHARGES

    total $5,965 · program services $0 · management and general $5,965 · fundraising $0

  • 24c · Other expenses: CONTRACT SERVICES

    total $12,179 · program services $0 · management and general $12,179 · fundraising $0

  • 24d · Other expenses: MEALS

    total $132 · program services $0 · management and general $132 · fundraising $0

  • 24e · All other expenses

    total $30,875 · program services $0 · management and general $30,875 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,038,739 · end of year $894,140

  • 2 · Savings and temporary cash investments

    end of year $32

  • 9 · Prepaid expenses and deferred charges

    beginning of year $105

  • 17 · Accounts payable and accrued expenses

    end of year $1,544

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $1,038,844 · end of year $892,628

Mission and programs · 2024

Mission

PROVIDE UNDERSERVED YOUTH WITH MUSIC EDUCATION, MATERIALS AND INSTRUMENTS

  • ED STEINFELD $6,000 UCI SCHOOL OF SOCIAL ECOLOGY $850,000 ANAHEIM ELEMENTARY SCHOOL DISTRICT $$10,000 PACIFIC SYMPHONY $4,000 TIMOTHY PHAM $3,000 SAVE THE MUSIC $175,000 YOUTH TRUMPET SCHOLAR $2,000 AOKI FOUNDATION $1,050 MATTHEW YUN $500 OC-CF $200 SHERYL TURNER $1,000 LAGUNA RADIO $118.30

    Expenses $1,052,868 · Grants $1,052,868

As filed on the 2024 return.

Listed in Part VII

  • ALEC GLASSER

    CEO

    Total calculated
    $0
    Hours/week
    10

  • WENDY MISNER

    CFO, SECRETARY

    Total calculated
    $0
    Hours/week
    40

  • JERRY MANDEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • UC IRVINE

    $850,000

    FUNDING MUSIC ACTIVITY AND EDUCATION

  • SAVE THE MUSIC

    $175,000

    FURTHERING MUSIC FOR YOUTH

  • ANAHEIM ELEMENTARY SCHOOL DISTRICT

    $10,000

    FURTHERING MUSIC IN PUBLIC SCHOOLS

Provenance

Return type
form_990
Tax year
2024
Filed
14 September 2025
IRS schema version
2024v5.2
Source object
202522769349301807

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