Overview
What is Greater Des Moines Music Coalition?
The Greater Des Moines Music Coalition is a dynamic nonprofit organization located at 900 KEO WAY 117, Des Moines, Iowa 50309. Their primary mission is to invigorate and advance the local music scene, contributing to urban revitalization, regional economic development, and the retention of youth in the area. They fulfill this mission by actively advocating, sponsoring, and developing an independent, progressive live music community in Greater Des Moines, Iowa. The Coalition achieves this by producing concerts and events within the region, thereby promoting live music performers, the music community, and enriching the local culture and economy. With a dedicated workforce of two individuals, the Greater Des Moines Music Coalition plays a pivotal role in fostering a vibrant and thriving music scene in the region.
Official website here: www.desmoinesmc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Greater Des Moines Music Coalition has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in several areas of accountability and finance. While the organization has an excellent track record of independent board membership and a solid program expense ratio at 74.47%, it lacks critical financial documentation and policies, resulting in a low overall score of 69%.
Strengths include a completely independent board and a very low liabilities to assets ratio, demonstrating financial stability. However, the absence of key financial statements, a conflict of interest policy, and other essential governance documents raises concerns about transparency and operational integrity. These factors ultimately contribute to the organization's lower rating.
To enhance its standing, the Greater Des Moines Music Coalition should focus on improving its governance practices by implementing missing policies and ensuring that financial statements are accessible to the public. Addressing these limitations will not only boost its rating but also foster greater trust among supporters and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Des Moines Music Coalition legitimate?
Greater Des Moines Music Coalition is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Des Moines Music Coalition 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: $119,700
Professional Fundraising Fees: $4,624
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.desmoinesmc.com
What is the mission statement of Greater Des Moines Music Coalition?
The Greater Des Moines Music Coalition's mission is to actively advocate, sponsor, and develop an independent and progressive live music community. This is done with the aim of fostering urban revitalization, promoting regional economic development, and retaining the youth and future of the region. The organization's activities are geared towards supporting live music performers, patrons, and the local music community, thereby contributing to the culture and economy of the area. They achieve this by organizing concerts and events in their region.
Official website here: www.desmoinesmc.com
Who is the CEO of Greater Des Moines Music Coalition?
Kuuku Saah is the Board President of Greater Des Moines Music Coalition.
Official website here: www.desmoinesmc.com
What is the revenue of Greater Des Moines Music Coalition?
Greater Des Moines Music Coalition's revenue in 2022 was $1,118,623.
Official website here: www.desmoinesmc.com
Who are the executives of Greater Des Moines Music Coalition and what are their salaries?
The average compensation at Greater Des Moines Music Coalition during 2022 was $59,850. There are 2 employees at Greater Des Moines Music Coalition.
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Official website here: www.desmoinesmc.com
Where can I find the form 990 for Greater Des Moines Music Coalition?
Greater Des Moines Music Coalition's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.desmoinesmc.com
Learn more at the official website: www.desmoinesmc.com
Mission Statement of Greater Des Moines Music Coalition
The Greater Des Moines Music Coalition, in its mission, actively advocates, sponsors, and develops a vibrant, forward-thinking live music community in the Greater Des Moines region of Iowa. This initiative is driven by a threefold purpose: urban revitalization, regional economic development, and the retention of the region's youth and future generation. By fostering an independent and progressive live music scene, the coalition aims to contribute positively to the local culture and economy.
In pursuit of its mission, the Greater Des Moines Music Coalition promotes live music performances and their audience, nurtures the music community, and bolsters the region's cultural and economic fabric through organizing concerts and events within the Greater Des Moines area. Through its activities, the coalition aims to retain the region's younger population, fostering a sense of community and providing opportunities for personal growth and development.
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Impact
October, 2024
The Greater Des Moines Music Coalition plays a crucial role in fostering a vibrant live music scene in Greater Des Moines, Iowa. By promoting local music performers and creating engaging events, it enhances the cultural landscape while driving urban revitalization and regional economic development.
Through its advocacy and support for indie music, the coalition not only enriches the community's cultural fabric but also helps in retaining the youth by providing them with diverse entertainment options. Its efforts contribute to a thriving local economy, drawing in audiences to concerts and festivals, which in turn supports local businesses. Overall, the coalition significantly impacts the community by intertwining music with economic growth and urban vitality.
This information is meant to be a general summary of Greater Des Moines Music Coalition. 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: $24
- Program Service Revenue: $684,541
- Gross Receipts: $1,118,623
Assets and Liabilities:
- Total Assets: $152,798
- Total Liabilities: $3,655
- Net Assets: $149,143
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MUSIC FESTIVALS & CONC
Revenue
$684,541
Organization Details
Founding Year
2005
Phone
(515) 676-0005Principal Officer
Kuuku Saah
Main Address
900 KEO WAY 117, DES MOINES, IA, 50309
Website
www.desmoinesmc.comNTEE Category
Code: A682 - Arts
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