BBB Wise Giving Report for
Mr. Holland's Opus Foundation

BBB Wise Giving Report issued December 2011
BBB Wise Giving Report expires October 2012


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Mr. Holland's Opus Foundation
Address: 4370 Tujunga Avenue, Suite 330
  Studio City, CA 91604
Phone: 818-762-4328
Web Address: www.mhopus.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1997, Delaware
Affiliates: None
Stated Purpose: "to keep music alive in our schools and communities by donating musical instruments to under-funded music programs, which gives youngsters the many benefits of music education, helping them to be better students and inspiring creativity and expression through playing music."

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Evaluation Conclusions

               

Mr. Holland's Opus Foundation (MHOF) meets the 20 Standards for Charity Accountability.
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Programs

               

MHOF donates both new and refurbished instruments to school and after-school music programs that lack the resources to keep up with equipment loss due to attrition, depreciation and wear over time, and to accommodate students on waiting lists or who have to share instruments. MHOF believes that an infusion of instruments enables more students to participate and to experience a quality music education. The organization aims to do this through three programs: the Melody Program helps Title 1 K-12 school music programs; the Special Projects Program helps after school music programs serving kids from low-income families; and the Michael Kamen Solo Award helps student musicians who cannot afford to obtain an appropriate instrument.

For the fiscal year ended June 30, 2010, MHOF's program expenses were:

  
Program expenses 2,552,182
Total Program Expenses: $2,552,182
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Governance

               

Chief Executive : Felice Mancini, Executive Director
Compensation*:
 $95,000

Chair of the Board: Doreen Ringer Ross
Chair's Profession / Business Affiliation: Vice President, Film/TV, BMI, Inc.

Board Size: 25

Paid Staff Size: 4

*July 1, 2008 - June 30, 2009 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

Direct mail, print advertisements, planned giving, grant proposals, and Internet appeals.
Fund raising costs were 4% of related contributions. (Related contributions, which totaled $2,762,072, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on MHOF's audited financial statements for the fiscal year ended June 30, 2010.

Source of Funds  
In-kind contributions/instruments 1,158,662
Corporate contributions and grants 678,981
Foundation grants 418,911
Individual contributions 224,519
Donated musical instruments and materials 141,293
Other revenue and support 139,706
Total Income $2,762,072


chart



Uses of Funds as a % of Total Expenses

Programs: 93%  Fund Raising: 4%  Administrative: 3% 

Total income   $2,762,072
  Program expenses $2,552,182
  Fund raising expenses 109,659
  Administrative expenses 77,428
 
Total expenses   $2,739,269
Income in Excess of Expenses   22,803
Beginning net assets   576,441
Ending net assets   599,244
Total liabilities  
Total assets   $599,244


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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