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← GUITARS FOR VETS

Form 990 for tax year 2022

Filed by GUITARS FOR VETS.

Totals

Total revenue
$921,334
Total expenses
$835,825
Contributions and grants received
$834,476
Grants paid
$88,825
Program service revenue
$0
Investment income
$2,427
Other revenue
$84,431
Total assets, end of year
$1,520,244
Total liabilities, end of year
$37,817
Net assets or fund balances, end of year
$1,482,427
Program services expenses (Part IX)
$541,417
Management and general expenses
$92,986
Fundraising expenses
$201,422
Program service expenses (Part III)
$541,417

Program services were 64.8% 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.

  • 1f · All other contributions, gifts and grants

    $834,476

  • 1g · Noncash contributions included above

    $234,324

  • 3 · Investment income

    total $2,427 · excluded $2,427

  • 8a · Fundraising events: gross income

    $46,452

  • 8b · Fundraising events: direct expenses

    $31,717

  • 8c · Net income from fundraising events

    total $14,735

  • 10a · Gross sales of inventory

    $101,996

  • 10b · Cost of goods sold

    $32,300

  • 10c · Net income from sales of inventory

    total $69,696

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $88,825 · program services $88,825

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $133,230 · program services $39,969 · management and general $39,969 · fundraising $53,292

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $219,886 · program services $137,154 · management and general $20,331 · fundraising $62,401

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $2,694 · program services $1,347 · management and general $458 · fundraising $889

  • 10 · Payroll taxes

    total $28,072 · program services $14,036 · management and general $4,772 · fundraising $9,264

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $40,270 · program services $20,135 · management and general $6,846 · fundraising $13,289

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $9,811 · program services $2,100 · management and general $6,325 · fundraising $1,386

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $15,230 · program services $7,532 · management and general $2,560 · fundraising $5,138

  • 14 · Information technology

    total $15,070 · program services $7,535 · management and general $1,680 · fundraising $5,855

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $11,606 · program services $5,803 · management and general $1,973 · fundraising $3,830

  • 17 · Travel

    total $24,686 · program services $17,277 · management and general $833 · fundraising $6,576

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $4,609 · program services $2,304 · management and general $784 · fundraising $1,521

  • 24a · Other expenses: Student Supply Packages

    total $171,551 · program services $171,551

  • 24b · Other expenses: Supplies, Postage, Printing

    total $56,430 · program services $16,409 · management and general $4,954 · fundraising $35,067

  • 24c · Other expenses: Miscellaneous

    total $13,855 · program services $9,440 · management and general $1,501 · fundraising $2,914

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,117,507 · end of year $1,103,000

  • 3 · Pledges and grants receivable

    beginning of year $124,902 · end of year $29,461

  • 4 · Accounts receivable

    end of year $1,800

  • 8 · Inventories for sale or use

    beginning of year $163,028 · end of year $374,464

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,434 · end of year $11,519

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,564 · end of year $37,817

  • 19 · Deferred revenue

    beginning of year $5,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,345,939 · end of year $1,450,165

  • 28 · Net assets with donor restrictions

    beginning of year $45,368 · end of year $32,262

Mission and programs · 2022

Mission

G4V pursues its mission through free guitar instruction and a new acoustic guitar in a structured program run by volunteers, primarily through the Veterans Administration VA facilities and centers. Veterans are typically referred to the G4V program by their mental health provider. The healing power of music helps veterans deal with PTSD issues.

Activities or mission (Part I)

Guitars For Vets, Inc. is dedicated to sharing the healing power of music with veterans suffering from significant post-combat mental and emotional distress, particularly post traumatic stress disorder PTSD

  • Weekly private lessons are individualized and based on cirriculum designed to help students learn at their own pace and accomodate any physical or emotional challenges. Upon completion of the curriculum each student is presented with a guitar, gig bag, strap, tuner, strings, picks, method book, and certification of completion. Monthly group lessons, open to past and current students, provide an on-going forum for veterans to continue their music education. Many graduates become active in our organization as volunteers. In 2022 the organization graduated 963 students, which includes over 3,000 lessons. There were 600 active volunteers and 117 active chapters.

    Expenses $541,417 · Revenue $69,696

As filed on the 2022 return.

Listed in Part VII

  • Patrick Nettesheim

    Vice President/Founder

    Total calculated
    $66,615
    From this org
    $66,615
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Eric Weinstein

    Executive Director

    Total calculated
    $66,615
    From this org
    $66,615
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Pete Ruzicka

    Chairman

    Total calculated
    $0
    Hours/week
    2
  • Bernard Bobber

    Secretary

    Total calculated
    $0
    Hours/week
    2
  • Scott Blazek

    Treasurer

    Total calculated
    $0
    Hours/week
    2
  • Ben Kraft

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Beverly Belfer

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Jason Kostal

    Board Member

    Total calculated
    $0
    Hours/week
    1

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

  • Unrestricted donation

  • Fairfield County Animal Shelter

    $7,225

    Unrestricted donation

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202313069349301836

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