Villa Musica
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Villa Musica does not meet the following 3 Standards for Charity Accountability:
Standard 11 (Financial Statements)
Make available to all, on request, complete annual financial statements prepared in accordance with generally accepted accounting principles. When total annual gross income exceeds $1 million, these statements should be audited in accordance with generally accepted auditing standards. For charities whose annual gross income is less than $1 million, a review by a certified public accountant is sufficient to meet this standard. For charities whose annual gross income is less than $250,000, an internally produced, complete financial statement is sufficient to meet this standard.
Villa Musica does not meet this standard because:
Organization has revenue over $1M but does not have audited financial statements.
Standard 13 (Accuracy of Expenses in Financial Statements)
Accurately report the charity's expenses, including any joint cost allocations, in its financial statements. For example, audited or unaudited statements which inaccurately claim zero fund raising expenses or otherwise understate the amount a charity spends on fund raising, and/or overstate the amount it spends on programs will not meet this standard.
Villa Musica does not meet this standard because:
Organization reports special fundraising event revenue net of all expenses. BBB requires that an organization report special event revenue net of cost of direct benefit to donors only, with all other expenses being reported as fundraising expenses.
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.
Villa Musica does not meet this standard because:
Organization's annual report is missing a roster of board members with officers indicated.
Villa Musica meets the remaining 17 Standards for Charity Accountability.
Stated Purpose:
Villa Musica makes music accessible through education, performance, and community engagement.
Year, State Incorporated:
2005, CA
Villa Musica is a vibrant gathering place where people of all ages and backgrounds can come together to take music lessons, play in an ensemble, or participate in a workshop. Villa Musica’s goal is to create a
focal point for community music education in San Diego, where students and teachers can meet to exchange ideas and experience the joy of making music. By creating a supportive and creative environment for the study of music, we aim to inspire many San Diegans to make music making part of their lives.
For the year ended June 30, 2024, Villa Musica's program expenses were:
| Program services | $1,250,641 |
| Total Program Expenses | $1,250,641 |
Chief Executive
Fiona Chatwin, Founder & Executive Director
Chair of the Board
William Gilmer, Board Chairperson
Chair's Profession / Business Affiliation
Board Size
11
Paid Staff Size
52
Method(s) Used:
Invitations to fund raising events, Television, Radio, Grant proposals, Internet, Planned giving arrangements, Appeals via Social Media (Facebook, etc.)
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 Villa Musica's audited financial statements for the year ended June 30, 2024.
Source of Funds
| Program revenue | $1,076,092 |
| Contributions | $415,640 |
| Government grants and assistance | $141,770 |
| In-kind contributed services | $87,519 |
| Special events net of expenses | $26,665 |
| Interest and dividends, net | $24,575 |
| Retail sales (net of expenses) | $14,822 |
| Other income | $10,573 |
| Unrealized gain and loss on investments, net | $382 |
| Total Income | $1,798,038 |
Programs: 72% Fundraising: 7% Administrative: 21%
| Total Income | $1,798,038 |
| Total expenses: | $1,739,697 |
| Program expenses | $1,250,641 |
| Fundraising expenses | $127,780 |
| Administrative expenses | $361,276 |
| Other expenses | $0 |
| Income in Excess of Expenses | $58,341 |
| Beginning Net Assets | $790,759 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $849,100 |
| Total Liabilities | $132,276 |
| Total Assets | $981,376 |
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.
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RELATED CONTENT
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Meets Standards
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Standards Not Met
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Review in Progress
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Unable to Verify
Report completed by:
Better Business Bureau Serving the Pacific Southwest