Overview
What is Institute Of Musical Art?
The Institute of Musical Art (IMA) is a nonprofit organization situated in New York, specifically at 60 Lincoln Center Plaza, New York, NY 10023. Its primary purpose is to support the Juilliard School, a renowned 501(C)(3) educational institution. The IMA achieves this mission through annual distributions from its endowment funds. By doing so, it contributes to the Juilliard School's ongoing operations and its commitment to nurturing talented musicians and artists. The IMA's activities are geared toward fostering the growth and success of the Juilliard School, making it an essential partner in the realm of musical education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 63%)
The Institute of Musical Art has received a rating that indicates a need for improvement, with an overall score of 63%. The organization demonstrates a strong commitment to program expenses with a 100% program expense ratio, signifying that all its expenditures are directed towards its mission. Additionally, the nonprofit has a fully independent board of directors, although it falls short on the number of independent members.
Despite these strengths, the nonprofit's accountability and finance practices raise some concerns. Key policies, including conflict of interest and whistleblower protections, are missing, which can affect transparency and governance. Moreover, the nonprofit's website is not listed on its tax form, and other important documents are not readily available, indicating areas for potential enhancement in communication and policy implementation.
This AI summary has been generated from information found on Charity Navigator.
Is Institute Of Musical Art legitimate?
Institute Of Musical Art is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute Of Musical Art 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
What is the mission statement of Institute Of Musical Art?
The Institute of Musical Art (IMA) is committed to supporting the Juilliard School, a renowned 501(C)(3) organization. This commitment is carried out through annual distributions from the IMA's endowment funds. The mission of the IMA is to aid the Juilliard School in its educational and artistic endeavors, contributing to its continued success and impact in the world of music. By providing financial support, the IMA plays a critical role in fostering the growth and development of talented musicians and artists, furthering the Juilliard School's mission to provide excellent musical education and training.
Who is the CEO of Institute Of Musical Art?
Bruce Kovner is the President of Institute Of Musical Art.
What is the revenue of Institute Of Musical Art?
Institute Of Musical Art's revenue in 2022 was $0.
Who are the executives of Institute Of Musical Art and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $287,642
- Other: $32,533
- Compensation: $0
- Related: $342,886
- Other: $59,017
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Institute Of Musical Art?
Institute Of Musical Art's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Institute Of Musical Art
The Institute of Musical Art (IMA) is committed to supporting The Juilliard School, a 501(c)(3) organization. This non-profit organization achieves its mission by making annual distributions from its endowment funds to Juilliard. In essence, the Institute of Musical Art aids Juilliard in its operations and initiatives as a charitable entity.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Institute of Musical Art plays a crucial role in enhancing the educational opportunities provided by the Juilliard School. Through its endowment funds, it offers significant financial support that directly influences the quality of arts education and resources available to students. This support helps Juilliard maintain its status as one of the premier institutions for the performing arts, ensuring that talented individuals can access top-tier training.
By backing such a prestigious institution, the Institute of Musical Art fosters the growth of future artists and musicians, contributing to the vibrancy of the arts community in New York City and beyond. Its impact extends beyond immediate financial aid; it cultivates an environment where creativity, innovation, and excellence can thrive, shaping the cultural landscape for years to come.
This information is meant to be a general summary of Institute Of Musical Art. 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.
Assets and Liabilities:
- Total Assets: $12,555,370
- Total Liabilities: $0
- Net Assets: $12,555,370
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1905
Phone
(212) 799-5000Principal Officer
Bruce Kovner
Main Address
60 LINCOLN CENTER PLAZA, NEW YORK, NY, 10023
NTEE Category
Code: A6EI - Arts
If you are a representative of Institute Of Musical Art and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.