Overview
What is Washington Square Association Music Fund?
The Washington Square Association Music Fund, located in New York, NY, is a nonprofit organization that specializes in organizing music festivals and events. Their main objective is to deliver cultural and educational experiences to the community. This mission is accomplished through the planning and execution of these events, promoting the importance of art and knowledge.
Official website here: www.washingtonsquaremusicfestival.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Star Rating)
The Washington Square Association Music Fund has received a score of 56%, resulting in a One-Star rating, which indicates significant concerns regarding its accountability and financial practices. The organization notably lacks independent board members and is missing essential policies such as conflict of interest, whistleblower protections, and document retention procedures. However, it does have a good program expense ratio of 87.05%, suggesting a strong commitment to its charitable mission.
While the fund has successfully avoided material diversions of assets and maintains a solid liabilities to assets ratio of 0.00%, the absence of independent oversight raises red flags about governance. Furthermore, critical transparency elements, such as posting tax forms on its website, are not met, which could hinder public confidence and accountability.
Overall, while the Washington Square Association Music Fund demonstrates a commendable focus on its programming, the lack of independent oversight and governance practices could be seen as limitations that affect its overall effectiveness and reliability as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Washington Square Association Music Fund legitimate?
Washington Square Association Music Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Washington Square Association Music Fund 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
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Official website here: www.washingtonsquaremusicfestival.org
What is the mission statement of Washington Square Association Music Fund?
The Washington Square Association Music Fund, situated in an undisclosed location, is primarily focused on cultural and educational pursuits. Their mission is geared towards organizing music festivals or events, with the aim of promoting learning and appreciation of music and arts. The organization's activities are designed to foster a sense of community and cultural awareness through music, thereby enriching the lives of those engaged in these events. While specific details about their programs or initiatives are not provided, it can be inferred that their mission is centered around the integration of music and education.
Official website here: www.washingtonsquaremusicfestival.org
What is the revenue of Washington Square Association Music Fund?
Washington Square Association Music Fund's revenue in 2023 was $96,616.
Official website here: www.washingtonsquaremusicfestival.org
Who are the executives of Washington Square Association Music Fund and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.washingtonsquaremusicfestival.org
Where can I find the form 990 for Washington Square Association Music Fund?
Washington Square Association Music Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.washingtonsquaremusicfestival.org
Learn more at the official website: www.washingtonsquaremusicfestival.org
Mission Statement of Washington Square Association Music Fund
The Washington Square Association Music Fund, a notable organization in the field of culture and education, is dedicated to fostering and promoting musical events and festivals. Their primary mission is to serve as a platform for cultural and educational activities, utilizing music as a medium to engage and inspire individuals. By organizing various musical events, this nonprofit seeks to enrich the community and provide opportunities for learning and appreciation of different musical genres and styles.
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Impact
October, 2024
The Washington Square Association Music Fund significantly impacts the cultural and educational landscape in New York City. By organizing music festivals and events, it fosters community engagement and appreciation for the arts. These initiatives bring together diverse audiences, enriching the local cultural fabric and providing opportunities for both established and emerging artists to showcase their talents.
Additionally, the fund supports educational programs that enhance the understanding and appreciation of music among participants of all ages. This commitment to cultural education ensures that music remains a vital and accessible part of the community, encouraging creativity and collaboration. Through its activities, the Washington Square Association Music Fund not only celebrates the arts but also cultivates a sense of belonging and collective experience among residents and visitors alike.
This information is meant to be a general summary of Washington Square Association Music Fund. 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 2023.
- Investment Income: $11
- Gross Receipts: $96,616
Assets and Liabilities:
- Total Assets: $86,730
- Total Liabilities: $0
- Net Assets: $86,730
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Organization Details
Principal Officer
Margaret Friedman
NTEE Category
Code: A68Z - Arts
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