Overview
What is Mostly Modern Projects Inc?
Mostly Modern Projects Inc, based in New York City, is a nonprofit organization that champions the performance and creation of contemporary music. Their mission is accomplished through concert events, recordings, and educational initiatives. The nonprofit is divided into four main divisions: the Mostly Modern Festival, an annual three-week summer music event in Saratoga Springs, NY, which attracts over 150 musicians from around the globe; the American Modern Ensemble, a New York City-based new music ensemble; American Modern Recordings, an independent record label focusing on music by living composers; and Lumière Records, a label specializing in commercial and classical recordings. The primary goal of Mostly Modern Projects Inc is to expose communities to musical education and outreach programs. With a team of just two employees, this organization continues to make significant strides in promoting contemporary music and musical education.
Official website here: www.mostlymodernprojects.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
Mostly Modern Projects Inc has earned an 86% rating from Charity Navigator, indicating a solid level of accountability and financial management. The organization scores particularly well in accountability with an 84% score, demonstrating a strong independent board composition and resources allocated efficiently towards its programs. Notably, it has a high program expense ratio of 94.27%, which shows that a significant portion of its funds is directed towards its mission-driven activities.
However, there are some areas for improvement, particularly in governance practices. The organization lacks key policies including a conflict of interest policy, a whistleblower policy, and guidelines for document retention and destruction, which could enhance its transparency and accountability practices. Additionally, the tax form is not accessible on the nonprofit's website, which is a missed opportunity for increasing public trust.
On the positive side, the organization has a perfect score of 100 in Culture & Community, reflecting strong equity strategies and active community engagement. Overall, Mostly Modern Projects Inc demonstrates a commitment to its mission and effective use of resources, but addressing its governance shortcomings could further strengthen its standing and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Mostly Modern Projects Inc legitimate?
Mostly Modern Projects Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mostly Modern Projects 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $66,000
For more financial information, click here
Official website here: www.mostlymodernprojects.org
What is the mission statement of Mostly Modern Projects Inc?
Mostly Modern Projects Inc's mission is centered around exposing communities to musical education and outreach programs. At the core of their activities, they support the performance and creation of music by living composers through concerts, recordings, and educational outreach initiatives. The organization operates through four primary divisions: Mostly Modern Festival, American Modern Ensemble, American Modern Recordings, and Lumière Records. The festival, held annually in Saratoga Springs, features over a hundred and fifty musicians from around the world. American Modern Ensemble is a New York City-based new music ensemble, while American Modern Recordings specializes in music by living composers. Lumière Records focuses on commercial and classical recordings.
Official website here: www.mostlymodernprojects.org
Who is the CEO of Mostly Modern Projects Inc?
Victoria Paterson is the Director of Mostly Modern Projects Inc.
Official website here: www.mostlymodernprojects.org
What is the revenue of Mostly Modern Projects Inc?
Mostly Modern Projects Inc's revenue in 2022 was $992,080.
Official website here: www.mostlymodernprojects.org
Who are the executives of Mostly Modern Projects Inc and what are their salaries?
The average compensation at Mostly Modern Projects Inc during 2022 was $33,000. There are 2 employees and 20 volunteers at Mostly Modern Projects Inc.
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Official website here: www.mostlymodernprojects.org
Where can I find the form 990 for Mostly Modern Projects Inc?
Mostly Modern Projects Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mostlymodernprojects.org
Learn more at the official website: www.mostlymodernprojects.org
Mission Statement of Mostly Modern Projects Inc
Mostly Modern Projects Inc, a nonprofit organization, is committed to bringing musical education and outreach programs to various communities. Its mission is centered around supporting the performance and creation of music by contemporary composers. This is accomplished through a range of initiatives, including concerts, recordings, and educational outreach programs.
The organization operates on four main divisions: The Mostly Modern Festival, an annual three-week summer music festival in Saratoga Springs, NY, which attracts over one hundred and fifty musicians from around the world; the American Modern Ensemble, a New York City-based new music ensemble; American Modern Recordings, an independent record label focusing on music by living composers; and Lumière Records, a label specializing in commercial, classical recordings. Through these divisions, Mostly Modern Projects Inc is dedicated to promoting and nurturing the work of contemporary composers, making their music accessible to a wider audience.
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Impact
October, 2024
Mostly Modern Projects Inc makes a significant impact by fostering a deeper appreciation of contemporary music through its multifaceted initiatives. By supporting the performance and creation of music by living composers, it helps to introduce innovative works to diverse audiences.
The Mostly Modern Festival, a three-week summer event in Saratoga Springs, showcases over 150 musicians from around the world, creating a vibrant space for collaboration and creativity. This gathering not only highlights new music but also serves as a platform for composers and performers to connect, enriching the cultural fabric of the community.
The American Modern Ensemble further amplifies this mission by focusing on new music in New York City, ensuring that contemporary compositions reach urban audiences. Through performances, educational outreach, and engagement with local schools and institutions, Mostly Modern Projects Inc strives to instill a love for music in younger generations and promote lifelong learning in the arts.
Additionally, with the establishment of American Modern Recordings and Lumiere Records, the organization enhances the accessibility of modern compositions, providing listeners with high-quality recordings of innovative works. This commitment to musical education and outreach not only supports living composers but also cultivates a more inclusive musical environment, encouraging communities to explore and embrace the richness of contemporary music.
This information is meant to be a general summary of Mostly Modern Projects 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.
- Investment Income: $95
- Program Service Revenue: $750,436
- Gross Receipts: $992,080
Assets and Liabilities:
- Total Assets: $169,667
- Total Liabilities: $46,638
- Net Assets: $123,029
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION FEE INCOME
Revenue
$415,307
CONTRACTING FEE INCOME
Revenue
$316,500
PROGRAM REVENUE
Revenue
$18,629
Organization Details
Founding Year
2006
Phone
(917) 941-1493Principal Officer
Victoria Paterson
Main Address
400 WEST 43RD STREET - SUITE 39S, NEW YORK, NY, 10036
Website
www.mostlymodernprojects.orgNTEE Category
Code: A20 - Arts
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