Overview
What is The Music Academy Foundation?
The Music Academy Foundation is a charitable organization, primarily dedicated to supporting students at The Music Academy. Approximately 3% of the students require financial aid to cover their private music instruction costs. This nonprofit is committed to providing such financial assistance, thereby enabling these students to continue their music education and contribute to the academy's mission. The foundation's work is instrumental in ensuring that financial constraints do not hinder a student's musical journey.
Official website here: www.musicacademyinrockford.com
Is The Music Academy Foundation legitimate?
The Music Academy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Music Academy Foundation submitted a form 990EZ, 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.
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Official website here: www.musicacademyinrockford.com
What is the mission statement of The Music Academy Foundation?
The Music Academy Foundation's mission is centered around supporting students of The Music Academy. Specifically, it aims to provide financial assistance to approximately 3% of students who require help covering the cost of private music instruction. This assistance is a key part of The Music Academy Foundation's purpose, serving to uphold the broader mission of The Music Academy itself.
Official website here: www.musicacademyinrockford.com
What is the revenue of The Music Academy Foundation?
The Music Academy Foundation's revenue in 2023 was $89,838.
Official website here: www.musicacademyinrockford.com
Who are the executives of The Music Academy Foundation and what are their salaries?
Here are 21 key members and their salaries:
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Official website here: www.musicacademyinrockford.com
Where can I find the form 990 for The Music Academy Foundation?
The Music Academy Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.musicacademyinrockford.com
Learn more at the official website: www.musicacademyinrockford.com
Mission Statement of The Music Academy Foundation
The Music Academy Foundation, a vital entity, is dedicated to serving the mission of The Music Academy. Its primary purpose is to offer financial assistance to 3% of its students who require aid to cover their private music instruction fees. By providing this assistance, The Music Academy Foundation enables these students to continue their musical education, thereby upholding the mission of The Music Academy.
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Impact
October, 2024
The Music Academy Foundation plays a crucial role in ensuring that aspiring musicians have access to quality music education, regardless of their financial circumstances. By offering reduced fees to Music Academy students, the foundation addresses a vital need—approximately 3% of students seek financial assistance to help offset the costs of private music instruction. This commitment to providing financial support not only makes music education more accessible but also enriches the musical community in Rockford, IL, fostering talent and creativity among students who might otherwise be unable to pursue their passion for music. Through these efforts, The Music Academy Foundation significantly enhances the overall mission of the Music Academy, contributing to a vibrant arts culture in the region.
This information is meant to be a general summary of The Music Academy Foundation. 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: $26,017
- Gross Receipts: $89,838
Assets and Liabilities:
- Total Assets: $460,855
- Total Liabilities: $240
- Net Assets: $460,615
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Organization Details
Principal Officer
Jonathan Lapworth
NTEE Category
Code: A116 - Arts
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