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Marching Bears Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 061088974 ✦ Norwalk, CT ✦ Designated as a 501(c)(3)

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Overview

What is Marching Bears Inc?

Marching Bears Inc, located at 304 Main Avenue Unit 211, Norwalk, Connecticut, is a dedicated nonprofit organization. Their primary mission is to support the Norwalk High School music program, specifically the band. They accomplish this by hosting annual events and providing necessary resources. Their commitment extends beyond mere financial assistance, as they aim to foster the growth and success of the school's music program.


Official website here: www.nhsband.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 76%, Three-Star out of Four Star rating.

Marching Bears Inc has achieved a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The organization scored 100% for having a majority of independent board members and a favorable liabilities to assets ratio, which suggests a stable financial position. Additionally, they allocate a high percentage (94.18%) of their expenses directly to programs, showcasing a commitment to their mission.

However, there are areas of concern regarding governance policies. The organization is noted to be missing key policies such as a conflict of interest policy, a whistleblower policy, and a document retention policy, which are crucial for transparency and ethical governance. This absence may raise questions about their operational practices and risk management.

Overall, while Marching Bears Inc demonstrates strong financial health and program effectiveness, addressing the noted governance shortcomings could further enhance their credibility and operational integrity.


This AI summary has been generated from information found on Charity Navigator.

Is Marching Bears Inc legitimate?

Marching Bears Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marching Bears 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.nhsband.com

What is the mission statement of Marching Bears Inc?

Marching Bears Inc, as an organization, is dedicated to supporting the Norwalk High School music program. Specifically, their mission is to provide assistance to this musical educational initiative. They accomplished this mission through their annual musical event. By doing so, they contribute to the overall development and success of the music program at Norwalk High School.


Official website here: www.nhsband.com

Who is the CEO of Marching Bears Inc?

Cynthia Ballard is the President of Marching Bears Inc.


Official website here: www.nhsband.com

What is the revenue of Marching Bears Inc?

Marching Bears Inc's revenue in 2022 was $152,680.


Official website here: www.nhsband.com

Who are the executives of Marching Bears Inc and what are their salaries?


Here are 5 key members and their salaries:


Stan Remson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suzanne Bartek (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Whelan (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Helwig (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cynthia Ballard (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.nhsband.com

Where can I find the form 990 for Marching Bears Inc?

Marching Bears Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nhsband.com

Learn more at the official website: www.nhsband.com

Mission Statement of Marching Bears Inc

Marching Bears Inc, a nonprofit organization, is dedicated to supporting the Norwalk High School Music Program. Their mission is to provide necessary assistance to this musical program, ensuring its continued success and growth. The organization achieved this mission through its annual musical event, demonstrating its commitment to nurturing and fostering musical talent within the school community.

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Impact




October, 2024

Marching Bears Inc has a significant impact on the Norwalk High School Band Program by providing essential support that enhances the musical education and opportunities for students. Through its efforts, the organization plays a crucial role in ensuring the success of the annual musical, which not only showcases student talent but also fosters a sense of community and pride within the school and the broader Norwalk area. By focusing on music education, Marching Bears Inc helps to cultivate creativity, teamwork, and discipline among students, enriching their educational experience and leaving a lasting impression on their personal and academic growth.




This information is meant to be a general summary of Marching Bears 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.

Revenue
$152,680 (2022)
Expenses
$191,471 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1
  • Program Service Revenue: $42,418
  • Gross Receipts: $182,394

Assets and Liabilities:

  • Total Assets: $30,637
  • Total Liabilities: $0
  • Net Assets: $30,637

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ADMISSION INCOME

Revenue

$43,828

MISCELLANEOUS INCOME

Revenue

-$1,410

Organization Details

Founding Year

1996

Principal Officer

Cynthia Ballard

Main Address

304 MAIN AVENUE UNIT 211, NORWALK, CT, 06851

NTEE Category

Code: B94Z - Education

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