Overview
What is Detroit Musicians Fund?
The Detroit Musicians Fund is a nonprofit organization situated in Southfield, Michigan, dedicated to supporting musicians residing in the metropolitan Detroit area. Their primary mission involves offering grants to aid musicians in their pursuit of music education and in addressing personal hardships. Moreover, they extend their assistance to Detroit public schools by providing grants for enhancing their music education programs.
Official website here: www.detroitmusiciansfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Detroit Musicians Fund has achieved a 76% overall score, which translates into a Three-Star rating on Charity Navigator. This score reflects the organization's strong performance in the Accountability & Finance category, indicating a high level of transparency and responsible financial management. Notably, the fund has a 100% independent board, showcasing its commitment to governance.
Strengths of the organization include no material diversion of assets and a program expense ratio of 99.93%, which suggests that nearly all funds are directed toward its mission. Additionally, the fund demonstrates transparency through the listing of its website on tax forms and the documentation of board meeting minutes, further enhancing trust with donors and stakeholders.
While the score is quite favorable, it's worth noting that the rating is based solely on the Accountability & Finance beacon, implying that there may not be comprehensive evaluations of other operational aspects. Nonetheless, the Detroit Musicians Fund appears to be a well-governed and financially sound organization dedicated to supporting musicians in the Detroit area.
This AI summary has been generated from information found on Charity Navigator.
Is Detroit Musicians Fund legitimate?
Detroit Musicians Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Detroit Musicians 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
For more financial information, click here
Official website here: www.detroitmusiciansfund.org
What is the mission statement of Detroit Musicians Fund?
The Detroit Musicians Fund serves a mission to aid musicians residing in the metropolitan Detroit area. This is accomplished by offering grants to support their music education and address any hardships they may face. Furthermore, the organization extends a grant to assist Detroit public schools in enhancing their music education program. The Detroit Musicians Fund's primary objective is to contribute to the musical community in the metropolitan Detroit area.
Official website here: www.detroitmusiciansfund.org
Who is the CEO of Detroit Musicians Fund?
Carl G Cafagna is the Treasurer of Detroit Musicians Fund.
Official website here: www.detroitmusiciansfund.org
What is the revenue of Detroit Musicians Fund?
Detroit Musicians Fund's revenue in 2023 was $14,957.
Official website here: www.detroitmusiciansfund.org
Who are the executives of Detroit Musicians Fund and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $70,973
- Other: $0
- Compensation: $0
- Related: $1,452
- Other: $0
- Compensation: $0
- Related: $1,331
- Other: $0
- Compensation: $0
- Related: $1,089
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.detroitmusiciansfund.org
Where can I find the form 990 for Detroit Musicians Fund?
Detroit Musicians Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.detroitmusiciansfund.org
Learn more at the official website: www.detroitmusiciansfund.org
Mission Statement of Detroit Musicians Fund
The Detroit Musicians Fund, a nonprofit organization, is dedicated to aiding musicians residing in the metropolitan Detroit area. Its primary mission involves providing financial assistance to these artists, helping them navigate through their music education and addressing any hardship situations they may face. Furthermore, the fund extends its support to Detroit public schools, offering grants to enhance their music education programs. By doing so, the Detroit Musicians Fund plays a significant role in nurturing local talent and fostering a vibrant music scene within the city.
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Impact
August, 2024
The impact of the Detroit Musicians Fund is evident in its assistance to musicians in the metropolitan Detroit area. By providing grants for music education and hardship needs, the organization not only supports local musicians but also contributes to the enrichment of Detroit's music scene. Furthermore, their grant for Detroit public schools helps ensure that music education opportunities remain available for students in the community. This dual approach demonstrates the Fund's commitment to uplifting musicians and fostering musical education in the area.
This information is meant to be a general summary of Detroit Musicians 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: $34
- Gross Receipts: $14,957
Assets and Liabilities:
- Total Assets: $259,761
- Total Liabilities: $0
- Net Assets: $259,761
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Organization Details
Founding Year
2006
Phone
(248) 569-5400Principal Officer
Carl G Cafagna
Main Address
20833 SOUTHFIELD ROAD, SOUTHFIELD, MI, 48075
Website
www.detroitmusiciansfund.orgNTEE Category
Code: B90 - Education
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