Overview
What is Hips Road Inc?
Hips Road Inc, based in New York, is a nonprofit organization with a mission to support composers and recording artists. By providing funds, they assist these creatives in completing their original compositions, encompassing various activities such as cover design, mastering, and pressing. The aim of Hips Road Inc is to foster artistic development and cultural exchanges, contributing to the growth of the music industry and promoting artistic expression. The organization operates with a small team of two dedicated individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating 80% - Three-Star out of Four Star Rating
Hips Road Inc has earned a Three-Star rating from Charity Navigator, reflecting solid performance in the area of Accountability & Finance. The organization has scored 80% overall, indicating a commitment to transparency and effective financial management, which is a positive sign for potential donors and stakeholders.
The majority of Hips Road Inc's board members are independent, contributing to its high governance ratings. With a program expense ratio of 93.70%, the charity demonstrates a strong focus on spending the majority of its resources directly on its programs, ensuring that funds are used effectively to achieve its mission.
While the organization shows strengths in various financial metrics, it's important for potential supporters to consider the overall impact and outcomes of the programs being funded. There may be limited information available on the specific programs and their effectiveness, which could be a point for further inquiry.
This AI summary has been generated from information found on Charity Navigator.
Is Hips Road Inc legitimate?
Hips Road Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hips Road 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: $10,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,250
For more financial information, click here
What is the mission statement of Hips Road Inc?
Hips Road Inc's mission is centered around funding recording artists and composers, with the aim of promoting artistic development and fostering cultural exchanges. The organization provides financial support to facilitate the completion of original compositions, encompassing activities such as cover design, mastering, and pressing. The ultimate goal is to nurture artistic growth and encourage cultural exchange.
Who is the CEO of Hips Road Inc?
John Zorn is the Artistic Dr of Hips Road Inc.
What is the revenue of Hips Road Inc?
Hips Road Inc's revenue in 2022 was $755,801.
Who are the executives of Hips Road Inc and what are their salaries?
The average compensation at Hips Road Inc during 2022 was $6,125. There are 2 employees and 18 volunteers at Hips Road Inc.
Here are 4 key members and their salaries:
- Compensation: $40,000
- Related: $0
- Other: $0
- Compensation: $18,689
- Related: $0
- Other: $0
- Compensation: $11,050
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hips Road Inc?
Hips Road Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hips Road Inc
Hips Road Inc, a nonprofit organization, is dedicated to supporting the artistic development and fostering cultural exchanges by funding recording artists and composers. Their mission is geared towards promoting creativity and diversity in the music industry. Through various activities, such as cover design, mastering, and pressing, they provide financial assistance to composers and recording artists to complete their original compositions. This support allows these artists to showcase their talents, contribute to the music landscape, and engage in intercultural dialogues.
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Impact
August, 2024
Hips Road Inc's impact lies in its mission to fund recording artists and composers to promote artistic development and cultural exchanges. By providing grants to artists, Hips Road Inc supports the completion of original compositions, covering essential activities like cover design, mastering, and pressing. This organization plays a crucial role in nurturing talent and fostering creativity within the music industry, ultimately contributing to the cultural landscape and facilitating artistic expression.
This information is meant to be a general summary of Hips Road 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 2022.
- Investment Income: $3,502
- Program Service Revenue: $695,879
- Gross Receipts: $755,801
Assets and Liabilities:
- Total Assets: $2,158,396
- Total Liabilities: $12,954
- Net Assets: $2,145,442
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TZADIK LABEL
Revenue
$374,443
ARCANA/AVANT/ET AL
Revenue
$14,541
STONE BENEFIT
Revenue
$10,000
PERFORMANCE REVENUE
Revenue
$217,641
PUBLISHING AND ROYALTY REVENUE
Revenue
$42,801
Organization Details
Founding Year
1988
Phone
(212) 682-0180Principal Officer
John Zorn
Main Address
C/O S NOLE CPA 347 FIFTH AVE, New York, NY, 100165052
NTEE Category
Code: Z99Z - Unknown
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