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CHARITY REVIEW
Issued: September 2024 Expires: September 2026

Mr. Holland's Opus Foundation

Standards Not Met
Standards Not Met
6 7 16
(818) 762-4328
2550 North Hollywood Way #302
Burbank, CA, 91505
https://mhopus.org/
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Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Mr. Holland's Opus Foundation does not meet the following 3 Standards for Charity Accountability:

Standard 6 (Board Policy on Effectiveness)
Have a board policy of assessing, no less than every two years, the organization's performance and effectiveness and of determining future actions required to achieve its mission.

MHOF does not meet this Standard because:

  • The board of directors does not have a written policy stating that, at least every two years, an appraisal be done assessing the organization’s performance and effectiveness and determining future actions required to achieve its mission.

Standard 7 (Board Approval of Written Report on Effectiveness)
Submit to the organization's governing body, for its approval, a written report that outlines the results of the aforementioned performance and effectiveness assessment and recommendations for future actions.

MHOF does not meet this Standard because:

  • The organization has not completed an effectiveness assessment in the last two years.

Standard 16 (Annual Report)
Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.

MHOF does not meet this Standard because:

  • The organization states it does not have an annual report covering activities conducted in 2023.

The BBB Wise Giving Alliance requested but did not receive complete information from the organization and is unable to verify the organization's compliance with the following Standard(s) for Charity Accountability: 1

Mr. Holland's Opus Foundation meets the remaining 16 Standards for Charity Accountability.

Stated Purpose:
"to keep music alive in our schools by providing vital support services to school districts, and musical instruments to underfunded music programs nationwide, giving under-represented youth access to the many benefits of music education, leading them to success in school, and inspiring creativity and expression through playing music."

Year, State Incorporated:
1996, DE

The Mr. Holland’s Opus Foundation (MHOF) provides musical instruments to under-funded music programs and an array of support services to school districts. By increasing the school’s inventory of playable instruments, music teachers are given the tools they need to deliver music education to K-12 students. During 2023, MHOF reports that it provided1,972 new instruments and 894 new accessories, such as mouthpieces, method books, and music stands, to 103 schools across the country

For the year ended June 30, 2023, Mr. Holland's Opus Foundation's program expenses were:

Mr. Holland's Opus Foundation $1,534,985
Music Rising $38,580
Total Program Expenses $1,573,565

Chief Executive
Tricia Williams, President and Chief Executive Officer

Chair of the Board
Marty Albertson

Chair's Profession / Business Affiliation
Philanthropist

Board Size
14

Paid Staff Size
7

*2024 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.

Note 1: Tricia Williams became President and Chief Executive Officer on April 1, 2024. Compensation information for her role as President and Chief Executive Officer is not available at this time. Former President and Chief Executive Officer, Felice Mancini, received $147,325 in compensation in 2022.

Note 2: Co-Chair, Bob Erzin, serves as a music producer.

Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Radio

Fundraising costs were 7% of related contributions. (Related contributions, which totaled $1,940,464, are donations received as a result of fundraising activities.)

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.

The following information is based on Mr. Holland's Opus Foundation's audited financial statements for the year ended June 30, 2023.

Source of Funds
Other income $153
Corporate contributions $60,967
Investment return, net $78,652
Music Rising grants and contributions $102,531
Interest and dividends $109,752
Individual contributions $694,329
Foundation contributions $1,082,637
Total Income $2,129,021

Programs: 82% Fundraising: 7% Administrative: 11%

Total Income $2,129,021
Total expenses: $1,925,299
  Program expenses $1,573,565
  Fundraising expenses $141,750
  Administrative expenses $209,984
  Other expenses $0
Income in Excess of Expenses $203,722
Beginning Net Assets $6,358,278
Other Changes In Net Assets $0
Ending Net Assets $6,562,000
Total Liabilities $126,087
Total Assets $6,688,087

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 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 International Association of Better Business Bureaus.

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

RELATED CONTENT

Report completed by:
BBB Wise Giving Alliance