Overview
What is Friends Of The Brattleboro Music Center Inc?
Friends of the Brattleboro Music Center Inc is a nonprofit organization located at 72 Blanche Moyse Way, Brattleboro, VT 05301. Their primary mission is to foster the enjoyment and comprehension of music. This mission is accomplished through various activities such as offering music lessons, hosting concerts, and facilitating amateur and professional productions, including chamber series. With a team of six dedicated individuals, Friends of the Brattleboro Music Center Inc contributes to the musical community in their area, promoting the appreciation and understanding of music.
Official website here: www.bmcvt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating
Friends Of The Brattleboro Music Center Inc has received a solid Three-Star rating from Charity Navigator, reflecting a strong focus on accountability and finance. The organization scored particularly well in areas such as board independence, financial statement reviews, and having established policies for conflicts of interest and whistleblowing, demonstrating a commitment to ethical governance and transparency.
One of the key strengths of the organization is its governance structure, with an entirely independent board of 12 members. This independence enhances its credibility and decision-making process. Additionally, it has a low liabilities-to-assets ratio, indicating financial stability, and a significant portion of its expenses is allocated to program services, which is essential for its mission-driven focus.
However, while the organization has shown strong performance in various metrics, its program expense ratio of 65.08% suggests that there may be room for improvement in maximizing its resources for direct programmatic activities. Overall, the charity demonstrates a commendable level of accountability and financial management, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Brattleboro Music Center Inc legitimate?
Friends Of The Brattleboro Music Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Brattleboro Music Center Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $146,878
Professional Fundraising Fees: $0
Other Salaries and Wages: $157,631
For more financial information, click here
Official website here: www.bmcvt.org
What is the mission statement of Friends Of The Brattleboro Music Center Inc?
The Friends of the Brattleboro Music Center Inc has a mission to foster the joy and understanding of music. This is achieved through various activities, including providing music instruction, hosting concerts, supporting amateur productions, and organizing professional concerts and chamber series. The goal is to spread the love for music and deepen people's appreciation for it.
Official website here: www.bmcvt.org
What is the revenue of Friends Of The Brattleboro Music Center Inc?
Friends Of The Brattleboro Music Center Inc's revenue in 2024 was $1,053,010.
Official website here: www.bmcvt.org
Who are the executives of Friends Of The Brattleboro Music Center Inc and what are their salaries?
The average compensation at Friends Of The Brattleboro Music Center Inc during 2024 was $60,902. There are 5 employees and 85 volunteers at Friends Of The Brattleboro Music Center Inc.
Here are 14 key members and their salaries:
- Compensation: $58,300
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Official website here: www.bmcvt.org
Where can I find the form 990 for Friends Of The Brattleboro Music Center Inc?
Friends Of The Brattleboro Music Center Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.bmcvt.org
Learn more at the official website: www.bmcvt.org
Mission Statement of Friends Of The Brattleboro Music Center Inc
Friends of the Brattleboro Music Center Inc is an organization committed to nurturing and promoting the joy and comprehension of music. Their mission is to achieve this goal by offering music instruction, organizing concerts, supporting amateur productions, and hosting professional concerts and chamber series. This nonprofit aims to foster an environment where individuals can immerse themselves in music, deepen their understanding of its nuances, and derive pleasure from its melodies.
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Impact
July, 2024
The Friends Of The Brattleboro Music Center Inc fosters the joy and understanding of music through music instruction, concerts, amateur productions, professional concerts, and chamber series. Located in Brattleboro, VT, their impact is significant in creating opportunities for individuals to engage with music, enhancing cultural enrichment and artistic education in the community. Through their activities and programs, they contribute to the promotion of arts and music appreciation, making a positive difference in the lives of those they reach.
This information is meant to be a general summary of Friends Of The Brattleboro Music Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $53,059
- Program Service Revenue: $439,595
- Gross Receipts: $1,350,943
Assets and Liabilities:
- Total Assets: $6,048,280
- Total Liabilities: $31,511
- Net Assets: $6,016,769
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM BOOK
Revenue
$5,475
PROGRAM REVENUE
Revenue
$162,568
TUITION AND FEES
Revenue
$271,552
Organization Details
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