Overview
What is Rock & Roll Hall Of Fame Foundation Inc?
The Rock & Roll Hall of Fame Foundation Inc, situated in New York City, is a dedicated nonprofit organization with a mission to safeguard and honor historical artifacts, documents, and records connected to the Rock & Roll music genre. By establishing a renowned Hall of Fame, they have significantly contributed to the promotion and celebration of Rock & Roll as a vital cultural aspect of contemporary life. Through annual inductions and industry recognition awards, they have successfully championed the genre's significance. Boasting a modest workforce of three individuals, the Foundation is committed to preserving and celebrating Rock & Roll's rich heritage.
Official website here: www.rockhall.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
The Rock & Roll Hall Of Fame Foundation Inc has earned a strong Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. With an impressive 90% score, the organization demonstrates effective governance, marked by a board comprised of 96% independent members, which enhances its decision-making processes and reduces conflicts of interest.
Financially, the foundation exhibits robust practices, evidenced by a program expense ratio of 93.35%, indicating that a significant portion of its budget is directed towards its mission-related programs. Additionally, the organization has no material diversion of assets and maintains a low liabilities to assets ratio of 0.09%, highlighting its financial stability and prudent management.
While the overall rating is commendable, it's essential for potential supporters to consider ongoing initiatives and community impact as part of their decision-making process. Nonetheless, the foundation's strong financial oversight and commitment to transparency position it well within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Rock & Roll Hall Of Fame Foundation Inc legitimate?
Rock & Roll Hall Of Fame Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rock & Roll Hall Of Fame Foundation 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: $669,279
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.rockhall.com
What is the mission statement of Rock & Roll Hall Of Fame Foundation Inc?
The Rock & Roll Hall of Fame Foundation Inc's mission is centered around advocating for Rock & Roll music as a significant cultural aspect of modern life and society. Their primary objective is to preserve and safeguard historical records, documents, and artifacts associated with the Rock & Roll industry. Furthermore, they have successfully established a Hall of Fame, which has further promoted Rock & Roll and its cultural significance through annual inductions and recognitions of industry achievements. This institution serves as a platform to celebrate and celebrate the enduring impact of Rock & Roll music on society.
Official website here: www.rockhall.com
Who is the CEO of Rock & Roll Hall Of Fame Foundation Inc?
Joel Peresman is the CEO of Rock & Roll Hall Of Fame Foundation Inc The CEO's salary of Rock & Roll Hall Of Fame Foundation Inc is $590,385 and their total compensation is $590,385.
Official website here: www.rockhall.com
What is the revenue of Rock & Roll Hall Of Fame Foundation Inc?
Rock & Roll Hall Of Fame Foundation Inc's revenue in 2024 was $14,405,969.
Official website here: www.rockhall.com
Who are the executives of Rock & Roll Hall Of Fame Foundation Inc and what are their salaries?
The average compensation at Rock & Roll Hall Of Fame Foundation Inc during 2024 was $669,279. There is 1 employee and 35 volunteers at Rock & Roll Hall Of Fame Foundation Inc.
Here are 36 key members and their salaries (Rock & Roll Hall Of Fame Foundation Inc's CEO's salary is $590,385 and their total compensation is $590,385):
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Official website here: www.rockhall.com
Where can I find the form 990 for Rock & Roll Hall Of Fame Foundation Inc?
Rock & Roll Hall Of Fame Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.rockhall.com
Learn more at the official website: www.rockhall.com
Mission Statement of Rock & Roll Hall Of Fame Foundation Inc
The Rock & Roll Hall of Fame Foundation Inc is committed to championing and celebrating Rock & Roll music as a significant cultural element of contemporary life and society. Their primary mission is to elevate Rock & Roll as a respected and influential art form, fostering a deep appreciation for its historical and cultural significance. To achieve this goal, the foundation focuses on preserving and safeguarding essential documents, records, and artifacts related to the Rock & Roll industry.
Additionally, the Rock & Roll Hall of Fame Foundation Inc has established a renowned Hall of Fame, which serves as a testament to the enduring impact of Rock & Roll on modern culture. Through annual inductions and recognition of industry achievements, the Hall of Fame promotes the cultural relevance of Rock & Roll, fostering a sense of community and shared appreciation among its fans and musicians alike. By actively preserving and promoting the history and cultural importance of Rock & Roll, the Rock & Roll Hall of Fame Foundation Inc plays a critical role in ensuring that this iconic genre continues to inspire and entertain generations to come.
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Impact
August, 2024
The Rock & Roll Hall of Fame Foundation Inc has had a significant impact on the recognition and promotion of Rock & Roll music as a vital cultural aspect of modern society. Through its annual inductions and industry achievement recognitions, the foundation has successfully established a Hall of Fame that preserves and protects historical documents, records, and artifacts related to the Rock & Roll music industry. This has not only celebrated the achievements of artists and industry professionals but also served to elevate and promote Rock & Roll music as a vibrant and influential cultural force.
This information is meant to be a general summary of Rock & Roll Hall Of Fame Foundation 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: $437,167
- Program Service Revenue: $13,693,274
- Gross Receipts: $14,405,969
Assets and Liabilities:
- Total Assets: $17,882,769
- Total Liabilities: $4,923,150
- Net Assets: $12,959,619
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LICENSE FEES
Revenue
$8,448,007
INTRODUCTION CEREMONY
Revenue
$5,245,267
Organization Details
Founding Year
1993
Principal Officer
Joel Peresman
Website
www.rockhall.comNTEE Category
Code: A500 - Arts
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