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Education : Youth Education Programs and Services (Grantmaking)

VH1 Save The Music Foundation

Every kid deserves music

two stars

77.90

1515 Broadway 21st Floor
New York, NY 10036
tel: (212) 846-4391   Web Site
EIN: 13-6089816

Board Leadership
Chris McCarthy and Amy Doyle
Co-Chairs

CEO
Henry Donahue
Vice President and Executive Director

 
 
  Score
(out of 100) 		Rating
Overall Score & Rating 77.90 two stars
  Financial 69.01 one star
  Accountability & Transparency 96.00 four stars
This rating was published 08/01/2018 and includes data from FY2017, the most recent 990 received at that time.
Why isn't this based on more recent data?

The VH1 Save The Music Foundation is a nonprofit organization dedicated to restoring instrumental music education programs in public schools, and raising awareness of the importance of childhood music education. Founded in 1997 as the first organization of its kind, VH1 Save The Music has donated $54 million in new musical instruments to more than 2,000 public schools in 257 school districts around the country - positively impacting the lives of millions of students. Learn more about us and our efforts at vh1savethemusic.org

The VH1 Save The Music Foundation is a nonprofit organization dedicated to restoring instrumental music education programs in public schools, and raising awareness of the importance of childhood music education. Founded in 1997 as the first organization of its kind, VH1 Save The Music has donated $54 million in new musical instruments to more than 2,000 public schools in 257 school districts around the country - positively impacting the lives of millions of students. Learn more about us and our efforts at vh1savethemusic.org

Learn more about how we calculate the overall score and rating.

Financial

one star

69.01

Accountability & Transparency

four stars

96.00

This rating was published 08/01/2018 and includes data from FY2017, the most recent 990 received at that time.
Why isn't this based on more recent data?
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)		 72.8%
  Administrative Expenses 6.4%
  Fundraising Expenses 20.7%
  Fundraising Efficiency $0.20
  Working Capital Ratio (years) 0.21
  Program Expenses Growth 15.8%
  Liabilities to Assets 72.7%
All data for Financial Performance Metrics calculations was provided by VH1 Save The Music Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by VH1 Save The Music Foundation on recent 990s filed with the IRS.
Information Provided on the Form 990  
  Independent Voting Board Members
  No Material diversion of assets
  Audited financials prepared by independent accountant
  Does Not Provide Loan(s) to or Receive Loan(s) From related parties
  Documents Board Meeting Minutes
  Provided copy of Form 990 to organization's governing body in advance of filing
  Conflict of Interest Policy
  Whistleblower Policy
  Records Retention and Destruction Policy
  CEO listed with salary
  Process for determining CEO compensation
  Board Listed / Board Members Not Compensated
Is the following information easily accessible on the charity's website?  
  Donor Privacy Policy
  Board Members Listed
  Audited Financials
  Form 990
  Key staff listed

Highly Rated

Charity Name & State Overall Score Overall Rating
VH1 Save The Music Foundation (NY) 77.90 two stars
Settlement Music School (PA) 90.42 four stars
Free Spirit Media (IL) 92.74 four stars
The Mr. Holland's Opus Foundation (CA) 95.80 four stars
Southwest School of Art (TX) 88.92 three stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $3,994,119
   Federated Campaigns $40,653
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $4,034,772
   Program Service Revenue $0
Total Primary Revenue $4,034,772
   Other Revenue $715
TOTAL REVENUE $4,035,487
   
EXPENSES  
   Program Expenses $3,095,766
   Administrative Expenses $241,186
   Fundraising Expenses $819,965
TOTAL FUNCTIONAL EXPENSES $4,156,917
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-121,430
   
Net Assets $695,093

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Restoring Music Education Programs $3,095,766 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2017-09 08/01/2018 77.90 two stars
2016-09 12/01/2017 74.33 two stars
2015-09 02/01/2017 74.59 two stars
2014-09 06/01/2016 72.85 two stars
 
CN 2.0
2014-09 11/01/2015 73.30 two stars
2013-09 12/22/2014 71.39 two stars
2012-09 08/01/2013 78.37 two stars
2011-09 09/01/2012 68.52 one star
2009-12 11/01/2011 73.32 two stars
2009-12 09/20/2011 73.27 two stars
 
CN 1.0
2009-12 03/01/2011 54.69 zero star
2008-12 08/01/2010 64.24 one star

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 13-6089816
Name in IRS Master File VH1 SAVE THE MUSIC FOUNDATION
NTEE Code [Not Provided by IRS]
NTEE Classification [Not Provided by IRS]
NTEE Type [Not Provided by IRS]
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (602) Gifts, grants, or loans to other organizations
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date August, 1955
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End September
IRS Forms 990
(provided courtesy of Foundation Center)		 (Log In or Register Now to View Forms 990!)
  • September, 2017
  • September, 2016
  • September, 2015
  • September, 2014
  • September, 2013

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

Compensation % of Expenses Paid to Title
Not compensated -- Henry Donahue Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
VH1 Save The Music Foundation (NY) 77.90 two stars
Rainey Institute (OH) 91.18 four stars
NDI New Mexico (NM) 91.71 four stars
Marwen (IL) 86.93 three stars
Studio in a School (NY) 88.27 three stars

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Charity Contact Info

VH1 Save The Music Foundation
1515 Broadway
21st Floor
New York, NY 10036
tel: (212) 846-4391
EIN: 13-6089816

Mail donations to:
PO Box 2096
New York, NY 10108

Visit Web Site

Board Leadership

Chris McCarthy and Amy Doyle
Co-Chairs

CEO

Henry Donahue
Vice President and Executive Director

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