Overview
What is Friends Of Music Of Stamford N Y Inc?
Friends of Music of Stamford N Y Inc is a nonprofit organization situated in Stamford, New York. Their primary mission is to offer nine affordable classical music concerts, welcoming attendees from various local and surrounding communities. Through these concerts, they aim to make quality music accessible to a broader audience. The organization's activities are centered around producing these concerts, which contribute to the cultural enrichment of the community.
Official website here: www.friendsmusic.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
Friends Of Music Of Stamford N Y Inc has achieved a 76% rating from Charity Navigator, indicating a good level of accountability and financial health. This rating is based solely on the Accountability & Finance beacon score, reflecting the organization's transparency and effective management of resources.
The nonprofit demonstrates strong governance with a fully independent board, scoring a perfect 10 out of 10 in both the majority independent board members and independent board size categories. Moreover, it maintains a low liabilities-to-assets ratio of 19.37% and allocates a significant 85.87% of its expenses towards programs, highlighting its commitment to its mission.
However, the organization has some areas for improvement, particularly concerning its governance policies. It received zero points for having missing conflict of interest and whistleblower policies, as well as a document retention and destruction policy. Addressing these gaps could enhance its overall accountability and strengthen stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Music Of Stamford N Y Inc legitimate?
Friends Of Music Of Stamford N Y Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Music Of Stamford N Y Inc 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.
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.friendsmusic.org
What is the mission statement of Friends Of Music Of Stamford N Y Inc?
The mission of Friends Of Music Of Stamford N Y Inc, in essence, is to organize and present nine affordable classical music concerts that are accessible to a wide audience, attracting attendees from neighboring towns. This non-profit organization's primary goal is to make high-quality classical music performances available to the public, fostering cultural engagement and appreciation for music within the community.
Official website here: www.friendsmusic.org
What is the revenue of Friends Of Music Of Stamford N Y Inc?
Friends Of Music Of Stamford N Y Inc's revenue in 2022 was $44,191.
Official website here: www.friendsmusic.org
Who are the executives of Friends Of Music Of Stamford N Y Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $3,900
- Related: $0
- Other: $0
- Compensation: $5,400
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.friendsmusic.org
Where can I find the form 990EZ for Friends Of Music Of Stamford N Y Inc?
Friends Of Music Of Stamford N Y Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.friendsmusic.org
Learn more at the official website: www.friendsmusic.org
Mission Statement of Friends Of Music Of Stamford N Y Inc
Friends of Music Stamford, an esteemed organization, is dedicated to producing nine affordable classical music concerts that are accessible to all. This nonprofit attracts audiences not only from its local community but also from surrounding towns. By doing so, Friends of Music Stamford contributes to promoting classical music and making it a cherished part of diverse cultural experiences.
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Impact
August, 2024
Friends Of Music Of Stamford N Y Inc has a significant impact on the community by providing nine affordable classical music concerts that are open to all. These concerts draw audiences from both the local area and surrounding towns, showcasing high-quality musical performances to a wide audience. By offering access to classical music in an affordable and inclusive manner, Friends Of Music Of Stamford N Y Inc contributes to the cultural enrichment of the community and fosters a greater appreciation for the arts.
This information is meant to be a general summary of Friends Of Music Of Stamford N Y 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: $125
- Program Service Revenue: $4,491
- Gross Receipts: $44,191
Assets and Liabilities:
- Total Assets: $67,382
- Total Liabilities: $13,575
- Net Assets: $53,807
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Organization Details
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