Overview
What is Nbs Classical Music Institute Inc?
Nbs Classical Music Institute Inc, located at 461 W Lancaster Ave, Haverford, PA 19041, is a nonprofit organization that offers classical music scholarships. Primarily catering to children aged 5 to 17, but also extending to some adults, the institute provides individual instrument lessons, chamber ensembles, and small orchestra training. The scholarships are merit-based, awarded based on talent, a commitment to regular practice, and a demonstrated need for financial support. A committee of judges from the organization determines the recipients. The institute also hosts public concert recitals featuring its students and their teachers, fostering a vibrant and nurturing environment for classical music enthusiasts.
Official website here: www.nbsmusic.com/nbs-classical-music-institute/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating
Nbs Classical Music Institute Inc has achieved a solid Three-Star rating from Charity Navigator, indicating a satisfactory performance in accountability and finance. The organization demonstrates strong governance with a fully independent board, having all members (10 out of 10 points) and a small size of three independent members. They have also established policies to avoid material diversions of assets and maintain a strong program expense ratio of 100%, ensuring that all funds are directed towards their mission.
However, there are notable weaknesses in their governance policies. The charity lacks both a whistleblower policy and a document retention and destruction policy, which are critical for transparency and accountability. Additionally, while the organization has made its board meeting minutes available, it has not posted its tax forms on its website, which affects the overall score in transparency metrics.
In summary, while Nbs Classical Music Institute Inc shows commendable strengths, particularly in funding allocation and board independence, addressing the identified gaps in governance policies could enhance their accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Nbs Classical Music Institute Inc legitimate?
Nbs Classical Music Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nbs Classical Music Institute 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:
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Official website here: www.nbsmusic.com/nbs-classical-music-institute/
What is the mission statement of Nbs Classical Music Institute Inc?
The Nbs Classical Music Institute Inc's mission is centered around providing classical music scholarships. Primarily catering to children between the ages of 5 and 17, as well as some adults, the institute offers instruction in individual instruments, chamber ensembles, and small orchestras. In addition to these lessons, the institute organizes public concert recitals, showcasing the talent and growth of its students and their teachers. The institute's commitment extends beyond instruction, as it awards scholarships to deserving individuals based on talent, dedication, and financial need. The scholarship awards, which totaled 79 in one instance, are decided by a committee of judges chosen from the grantee organization.
Official website here: www.nbsmusic.com/nbs-classical-music-institute/
Who is the CEO of Nbs Classical Music Institute Inc?
David Lefkovitz is the Director of Nbs Classical Music Institute Inc.
Official website here: www.nbsmusic.com/nbs-classical-music-institute/
What is the revenue of Nbs Classical Music Institute Inc?
Nbs Classical Music Institute Inc's revenue in 2020 was $34,239.
Official website here: www.nbsmusic.com/nbs-classical-music-institute/
Who are the executives of Nbs Classical Music Institute Inc and what are their salaries?
There 7 volunteers at Nbs Classical Music Institute Inc.
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Official website here: www.nbsmusic.com/nbs-classical-music-institute/
Where can I find the form 990 for Nbs Classical Music Institute Inc?
Nbs Classical Music Institute Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.nbsmusic.com/nbs-classical-music-institute/
Learn more at the official website: www.nbsmusic.com/nbs-classical-music-institute/
Mission Statement of Nbs Classical Music Institute Inc
Nbs Classical Music Institute Inc is committed to supporting budding classical musicians, primarily focusing on children between the ages of 5 and 17, although some adult individuals also receive scholarships. The institution offers individual instruction in various musical instruments, chamber ensembles, and small orchestras. The primary objective of the Institute is to nurture talent and offer advanced music training, which it achieves by awarding scholarships based on talent, a dedication to regular practice, and a demonstrated financial need. The scholarships enable recipients to take two lessons per week. The Institute further contributes to the musical community by presenting public concert recitals featuring its students and their teachers, showcasing their progress and achievements.
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Impact
August, 2024
Nbs Classical Music Institute Inc's impact is significant in providing classical music scholarships to children and some adults between the ages of 5 and 17. By offering advanced music training through individual instrument instruction, chamber ensembles, and small orchestra participation, the Institute is nurturing talent and passion for classical music in the next generation of musicians.
Through the awarding of 79 individual scholarships based on talent, commitment to regular lessons and practice, and financial need, Nbs Classical Music Institute Inc is making a tangible difference in the lives of aspiring young musicians. Additionally, the public concert recitals featuring the students and their teachers provide valuable performance opportunities and contribute to the cultural enrichment of the community.
Overall, Nbs Classical Music Institute Inc is playing a crucial role in supporting music education and fostering a love for classical music among individuals of varying ages, ensuring that the beauty and tradition of this art form continues to thrive for generations to come.
This information is meant to be a general summary of Nbs Classical Music Institute 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 2020.
- Investment Income: $19,302
- Gross Receipts: $37,258
Assets and Liabilities:
- Total Assets: $784,853
- Total Liabilities: $6,000
- Net Assets: $778,853
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Organization Details
Founding Year
1995
Phone
(610) 527-4898Principal Officer
David Lefkovitz
Main Address
461 W Lancaster Ave, Haverford, PA, 19041
NTEE Category
Code: B82 - Education
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