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Music Maker Foundation Inc

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

EIN: 133782018 ✦ Hillsborough, NC ✦ Designated as a 501(c)(3)

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Overview

What is Music Maker Foundation Inc?

Music Maker Foundation Inc, situated in Hillsborough, North Carolina, is a dedicated nonprofit organization. Their primary mission is to uplift and aid the unsung heroes of American musical traditions, offering them essential daily support. This assistance includes meeting their basic needs, such as food, shelter, and medical care, with the ultimate goal of enhancing their quality of life. Beyond this, Music Maker Foundation Inc also engages in various activities to promote these musical traditions. They present performances, exhibits, educational programs, and documentation, educating the public about the richness of American musical history. The foundation employs a team of eight individuals, who are committed to this noble cause.


Official website here: www.musicmaker.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 76% (Three-Star out of Four Stars)

Music Maker Foundation Inc has received a Three-Star rating from Charity Navigator, reflecting a commendable commitment to transparency and financial accountability. The organization boasts a strong accountability score of 73, with significant strengths including 81% independent board members and a 100% score in leadership and adaptability. They effectively manage resources, dedicating over 85% of expenses to program activities, demonstrating their focus on supporting traditional American musicians.

Despite these strengths, there are notable gaps in their governance practices. The absence of a whistleblower policy and a document retention and destruction policy indicates areas where they could improve accountability. However, they do maintain thorough documentation of board meeting minutes and have no reported material diversions of assets, underscoring responsible management of funds.

Music Maker Foundation is dedicated to preserving and promoting American musical heritage through various initiatives, such as supporting senior roots musicians in crisis and educating the public through performances and exhibitions. Their proactive approach to leadership development, particularly in engaging with racial equity efforts, highlights their commitment to inclusivity and adapting to contemporary challenges.


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

Is Music Maker Foundation Inc legitimate?

Music Maker Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Music Maker 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: $198,620
Professional Fundraising Fees: $0
Other Salaries and Wages: $115,754

For more financial information, click here


Official website here: www.musicmaker.org

What is the mission statement of Music Maker Foundation Inc?

The Music Maker Foundation Inc's mission is centered around supporting traditional American musicians and educating the public about musical traditions. They strive to uplift the unsung heroes of American music, providing them with essential assistance such as food, shelter, medical care, and other necessities to improve their living conditions. The foundation also engages in various activities like organizing performances, exhibits, educational programming, and documentation to educate the public about these rich musical traditions. Their goal is to preserve and celebrate these musical heritages, ensuring that they continue to resonate and inspire future generations.


Official website here: www.musicmaker.org

Who is the CEO of Music Maker Foundation Inc?

Timothy Duffy is the President of Music Maker Foundation Inc.


Official website here: www.musicmaker.org

What is the revenue of Music Maker Foundation Inc?

Music Maker Foundation Inc's revenue in 2023 was $1,375,500.


Official website here: www.musicmaker.org

Who are the executives of Music Maker Foundation Inc and what are their salaries?

The average compensation at Music Maker Foundation Inc during 2023 was $39,297. There are 8 employees and 24 volunteers at Music Maker Foundation Inc.


Here are 11 key members and their salaries:


Henry Slyker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Duffy (President)
  • Compensation: $109,135
  • Related: $0
  • Other: $0
Denise Duffy (Cfo)
  • Compensation: $89,485
  • Related: $0
  • Other: $0
Carey Barnes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Saramel Evans (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Teller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Wallack (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Catherine Elkins (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Henneberry (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Jones Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dom Flemons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.musicmaker.org

Where can I find the form 990 for Music Maker Foundation Inc?

Music Maker Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.musicmaker.org

Learn more at the official website: www.musicmaker.org

Mission Statement of Music Maker Foundation Inc

Music Maker Foundation Inc is dedicated to supporting traditional American musicians and educating the public about musical traditions. The organization's mission is twofold. Firstly, Music Maker Foundation aids the unsung heroes and forgotten pioneers of American musical traditions, providing them with the necessary assistance to improve their daily lives. This can include provisions such as food, shelter, medical care, and other essential aid. By extending this support, the foundation aims to enhance the quality of life for its recipients.

Secondly, Music Maker Foundation engages in various activities to educate the public about these rich musical traditions. This is achieved through a variety of means, including presenting live performances, organizing exhibits, offering educational programming, and creating documentation. These initiatives serve to raise awareness and appreciation for the diverse musical heritage of America, ensuring that these traditions do not fade into obscurity. By fulfilling its mission, Music Maker Foundation not only preserves the legacy of these American musicians but also enriches the cultural landscape for future generations.

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Impact




October, 2024

Music Maker Foundation Inc significantly impacts the preservation and promotion of traditional American music by supporting the true pioneers and often-overlooked heroes within this vibrant cultural heritage. It helps artists who have contributed immensely to the musical landscape by providing essential resources such as food, shelter, medical care, and other forms of assistance that address their day-to-day needs.

Beyond direct support, the foundation plays a crucial role in educating the public about the richness of American musical traditions. Through performances, exhibits, and educational programming, it brings awareness to the stories and struggles of these musicians, fostering a deeper appreciation for their contributions. By documenting these traditions, Music Maker Foundation incites a cultural dialogue that keeps the legacy of traditional music alive, reaching diverse audiences and ensuring that future generations understand and value this essential aspect of American heritage. The foundation's work not only uplifts individual musicians but also enriches the broader community by celebrating and sustaining the arts.




This information is meant to be a general summary of Music Maker 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.

Revenue
$1,375,500 (2023)
Expenses
$1,250,807 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $8,210
  • Program Service Revenue: $200,619
  • Gross Receipts: $1,388,103

Assets and Liabilities:

  • Total Assets: $1,248,065
  • Total Liabilities: $91,987
  • Net Assets: $1,156,078

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Programs

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

PERFORMANCE INCOME

Revenue

$154,119

EXHIBIT REVENUE

Revenue

$46,500

Organization Details

Principal Officer

Timothy Duffy

Main Address

224 WEST CORBIN ST, HILLSBOROUGH, NC, 27278

NTEE Category

Code: A6C - Arts

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