Overview
What is The Bob Moog Memorial Foundation For Electronic Music?
The Bob Moog Memorial Foundation for Electronic Music, located in Asheville, North Carolina, is a nonprofit organization dedicated to inspiring creativity and critical thinking. Their primary initiative, Dr. Bob's SoundSchool, offers an innovative 10-week curriculum to local schools, teaching the science of sound through music and technology, serving over 3,000 students annually. The foundation is also developing a custom theremin-based educational tool, the ThereScope, aiming to expand their reach nationwide. Additionally, they house the Bob Moog Foundation Archive and the Moogseum, both of which celebrate Bob Moog's pioneering legacy in synthesizing science, music, and imagination, providing hands-on, immersive experiences for children and adults. With a team of 12 dedicated individuals, the foundation's mission is to foster the next generation of innovative thinkers.
Official website here: www.moogfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Star rating)
The Bob Moog Memorial Foundation for Electronic Music has received a solid Three-Star rating from Charity Navigator, reflecting its overall performance and accountability. With a score of 77 in Accountability & Finance and a commendable 82 in Culture & Community, the organization demonstrates a commitment to transparency and responsible financial management. Its high Program Expense Ratio of 83.73% indicates that a significant portion of its funds is allocated directly to its programs.
The foundation showcases a robust governance structure, as evidenced by 100% independent board members and no material diversion of assets. The presence of essential policies like conflict of interest and whistleblower policies further strengthens its operational integrity. Additionally, the organization excels in feedback collection and usage, scoring the maximum points in these areas, which highlights its responsiveness to stakeholder input.
While the foundation has strengths in many areas, it received a slightly lower score of 73 in Equity Strategies, suggesting there may be room for improvement in addressing equity within its initiatives. Overall, the Bob Moog Memorial Foundation appears to be a well-managed nonprofit with a clear focus on its mission while maintaining accountability and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is The Bob Moog Memorial Foundation For Electronic Music legitimate?
The Bob Moog Memorial Foundation For Electronic Music is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Bob Moog Memorial Foundation For Electronic Music 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: $120,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $271,332
For more financial information, click here
Official website here: www.moogfoundation.org
What is the mission statement of The Bob Moog Memorial Foundation For Electronic Music?
The Bob Moog Memorial Foundation for Electronic Music's mission is centered around inspiring creativity and critical thinking. They achieve this by offering interactive educational experiences that delve into the science of sound, drawing inspiration from the pioneering legacy of Bob Moog. Through their projects, such as Dr. Bob's SoundSchool and the Moogseum, they provide hands-on, immersive opportunities for both children and adults to engage with the concept of sound. By doing so, the foundation aims to foster a new generation of innovative thinkers.
Official website here: www.moogfoundation.org
What is the revenue of The Bob Moog Memorial Foundation For Electronic Music?
The Bob Moog Memorial Foundation For Electronic Music's revenue in 2023 was $830,148.
Official website here: www.moogfoundation.org
Who are the executives of The Bob Moog Memorial Foundation For Electronic Music and what are their salaries?
The average compensation at The Bob Moog Memorial Foundation For Electronic Music during 2023 was $43,481. There are 9 employees and 20 volunteers at The Bob Moog Memorial Foundation For Electronic Music.
Here are 12 key members and their salaries:
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Official website here: www.moogfoundation.org
Where can I find the form 990 for The Bob Moog Memorial Foundation For Electronic Music?
The Bob Moog Memorial Foundation For Electronic Music's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.moogfoundation.org
Learn more at the official website: www.moogfoundation.org
Mission Statement of The Bob Moog Memorial Foundation For Electronic Music
The Bob Moog Memorial Foundation, dedicated to electronic music, aims to inspire individuals of all ages through the convergence of science, music, technology, and innovation. Its mission is centered around fostering creativity and critical thinking, achieved by offering interactive and immersive educational experiences. Drawing from the pioneering legacy of Bob Moog, the foundation provides opportunities for children and adults to delve into the science of sound. Through projects such as Dr. Bob's SoundSchool and the Moogseum, the Bob Moog Memorial Foundation encourages the development of innovative thinkers, allowing them to explore and engage with the world of sound in a hands-on and enriching manner. The foundation's efforts aim to inspire the next generation with the spirit of imagination and creativity that defined Bob Moog's life and work in electronic music.
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Impact
July, 2024
The Bob Moog Memorial Foundation For Electronic Music inspires people of all ages through the intersection of science, music, technology, and innovation. One of its significant activities is Dr. Bob's SoundSchool, a hallmark educational project that served 3,000 students in 125 classrooms in the Asheville area in 2022. This innovative 10-week curriculum teaches the science of sound through music and technology, delivering over 30,000 individual lessons to two school districts. The Foundation also developed a custom theremin-based educational tool called the ThereScope, which aims to be manufactured to serve children nationwide.
Through its activities, the Bob Moog Memorial Foundation encourages creativity and critical thinking by providing interactive educational experiences based on Bob Moog's pioneering legacy of synthesizing science, music, and imagination. By engaging children and adults with the science of sound through Dr. Bob's SoundSchool and the Moogseum, the Foundation is inspiring the next generation of innovative thinkers.
This information is meant to be a general summary of The Bob Moog Memorial Foundation For Electronic Music. 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: $2,406
- Program Service Revenue: $110,028
- Gross Receipts: $921,297
Assets and Liabilities:
- Total Assets: $534,952
- Total Liabilities: $234,288
- Net Assets: $300,664
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Moogseum Entry Fees
Revenue
$110,028
Dr. Bobs Sound School
Revenue
$0
Organization Details
Founding Year
2006
Principal Officer
Michelle Moog-Koussa
Website
www.moogfoundation.orgNTEE Category
Code: A68 - Arts
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