Overview
What is Muscle Shoals Music Association Inc?
Muscle Shoals Music Association Inc is a nonprofit organization situated in Muscle Shoals, Alabama. Their primary mission is to preserve and celebrate the rich musical history of the area. They achieve this by generating revenue through membership dues and merchandise sales, which they use to restore properties of historical significance. The organization also encourages public appreciation of this musical heritage by organizing concerts, seminars, and events that showcase the full extent of the region's musical history. By doing so, they contribute to the wider public's exposure to this musical legacy.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%, Zero-Star out of Four Star rating. The Muscle Shoals Music Association Inc has received a low rating primarily due to significant shortcomings in financial management and transparency. While the organization has a fully independent board and has not demonstrated material diversion of assets, the absence of key policies and the lack of a website listed on their tax form have heavily impacted their score.
The organization scored well in areas indicating a commitment to governance, with a fully independent board and proper documentation of board meeting minutes. However, critical policies such as conflict of interest and whistleblower protections are missing, which raises concerns about accountability and ethical operations. Furthermore, the organization's financial ratios show minimal program expenses relative to their overall liabilities, indicating potential inefficiencies in how resources are allocated.
Overall, while the Muscle Shoals Music Association Inc has established a strong governance framework, their financial management and operational transparency leave much to be desired. Without addressing these issues, the organization may struggle to build trust and support from the public and potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Muscle Shoals Music Association Inc legitimate?
Muscle Shoals Music Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Muscle Shoals Music Association 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Muscle Shoals Music Association Inc?
The Muscle Shoals Music Association Inc works to foster appreciation and exposure of musical history to the general public. They achieve this through organizing concerts and seminars that encompass the breadth of musical history. The organization's mission is primarily focused on promoting these events. To support its activities, the association earns revenue from membership dues and merchandise sales, which they use to renovate properties of historical significance related to music.
Who is the CEO of Muscle Shoals Music Association Inc?
Larry Bowser is the Director of Muscle Shoals Music Association Inc.
What is the revenue of Muscle Shoals Music Association Inc?
Muscle Shoals Music Association Inc's revenue in 2022 was $33,675.
Who are the executives of Muscle Shoals Music Association Inc and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Muscle Shoals Music Association Inc?
Muscle Shoals Music Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Muscle Shoals Music Association Inc
Muscle Shoals Music Association Inc is committed to fostering an appreciation for the rich musical history and exposing it to the general public. This nonprofit organization achieves this mission through the promotion and organization of concerts and seminars that encompass the full breadth of the musical history. By doing so, it encourages a deeper understanding and appreciation of the musical legacy.
To further its goals, Muscle Shoals Music Association Inc generates revenue through membership dues and merchandise sales. These funds are then utilized to renovate properties of historical significance in relation to the music industry. By restoring these properties, the organization preserves and celebrates the musical heritage, providing a tangible connection between the past and present. In this way, Muscle Shoals Music Association Inc plays a vital role in promoting and safeguarding the musical heritage for future generations to enjoy and learn from.
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Impact
August, 2024
The Muscle Shoals Music Association Inc plays a crucial role in promoting and encouraging the appreciation of the region's rich musical history. By organizing concerts and seminars that showcase the full spectrum of this musical heritage, the association educates and exposes the general public to the cultural significance of Muscle Shoals. Through membership dues and merchandise sales, the organization also contributes to the renovation of properties with historical importance in the realm of music. This dedicated effort helps preserve and celebrate the unique musical legacy of Muscle Shoals, making a lasting impact on both locals and visitors alike.
This information is meant to be a general summary of Muscle Shoals Music Association 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.
- Program Service Revenue: $27,757
- Gross Receipts: $33,675
Assets and Liabilities:
- Total Assets: $28,904
- Total Liabilities: $0
- Net Assets: $28,904
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONORSHIP EVENT INCOME
Revenue
$24,359
SEDA SIDC RESOLUTIONS
Revenue
$3,398
Organization Details
Founding Year
2005
Principal Officer
Larry Bowser
Main Address
PO BOX 2383, Muscle Shoals, AL, 35662
NTEE Category
Code: A99 - Arts
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