Overview
What is Songwriters' Hall Of Fame Inc?
Songwriters' Hall of Fame Inc, located at 450 Lexington Avenue, New York, NY 10163, is a nonprofit organization dedicated to honoring and preserving the legacy of talented music composers and authors. Their primary mission is to commemorate these creators by inducting select individuals into the Songwriters Hall of Fame. Additionally, they aim to develop a museum that showcases the history and evolution of songwriting. To further support the artistic community, Songwriters' Hall of Fame Inc conducts educational workshops to help emerging artists and songwriters enhance their skills. With a modest staff of one, this organization continues to uphold its mission of celebrating and promoting the art of songwriting.
Official website here: www.songhall.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 44%, Zero-Star out of Four Star rating.
The Songwriters' Hall of Fame Inc has received a low score of 44%, indicating significant concerns regarding its financial and governance practices. While the organization boasts a fully independent board and strong oversight regarding financial statements, it lacks essential policies such as conflict of interest and whistleblower protections, which are critical for maintaining transparency and accountability in nonprofit management.
Financially, the organization has a concerning program expense ratio of 24.98%, suggesting that a small portion of its expenses is directed toward its programs. Additionally, the liabilities to assets ratio of 11.35% raises potential red flags about its financial stability. The absence of publicly available tax forms on its website further detracts from its transparency, leaving stakeholders with limited visibility into its financial health.
Overall, while the Songwriters' Hall of Fame Inc demonstrates some strengths in governance, the significant gaps in its policies and financial management practices contribute to a poor rating that may give potential donors and supporters pause. Addressing these weaknesses could greatly enhance its credibility and effectiveness in promoting the art of songwriting.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Songwriters' Hall Of Fame Inc?
82% of 69 reviewers on Facebook recommend the Songwriters' Hall of Fame. Here is a summary of their reviews:
Many users appreciate the organization's focus on educating and honoring songwriters and lyricists. Reviewers find the resources and information provided to be highly valuable, contributing positively to their understanding of the craft. This focus on education seems to resonate well with both aspiring and established songwriters.
Overall, visitors express satisfaction with the experiences offered, highlighting the importance of recognizing the achievements in songwriting. The nonprofit clearly delivers a strong informational aspect that benefits the songwriting community.
This AI summary has been generated from reviews found on Facebook.
Is Songwriters' Hall Of Fame Inc legitimate?
Songwriters' Hall Of Fame Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Songwriters' Hall Of Fame 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:
Executive Compensation: $0
Professional Fundraising Fees: $91,994
Other Salaries and Wages: $256,142
For more financial information, click here
Official website here: www.songhall.org
What is the mission statement of Songwriters' Hall Of Fame Inc?
The Songwriters' Hall of Fame Inc's mission is centered around honoring and memorializing composers and authors of music by inducting them into its esteemed hall of fame. Additionally, the organization aims to establish a museum that serves to promote the art of songwriting and its rich history. Beyond this, the Songwriters' Hall of Fame Inc also conducts educational workshops to aid artists and songwriters in enhancing their skills.
Official website here: www.songhall.org
Who is the CEO of Songwriters' Hall Of Fame Inc?
Thomas Kelly is the President/Ceo of Songwriters' Hall Of Fame Inc. The CEO's salary of Songwriters' Hall Of Fame Inc is $150,000 and their total compensation is $150,000.
Official website here: www.songhall.org
What is the revenue of Songwriters' Hall Of Fame Inc?
Songwriters' Hall Of Fame Inc's revenue in 2022 was $1,572,186.
Official website here: www.songhall.org
Who are the executives of Songwriters' Hall Of Fame Inc and what are their salaries?
The average compensation at Songwriters' Hall Of Fame Inc during 2022 was $256,142. There is 1 employee and 29 volunteers at Songwriters' Hall Of Fame Inc.
Here are 8 key members and their salaries (Songwriters' Hall Of Fame Inc's CEO's salary is $150,000 and their total compensation is $150,000):
- Compensation: $150,000
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $97,260
- Related: $0
- Other: $0
Official website here: www.songhall.org
Where can I find the form 990 for Songwriters' Hall Of Fame Inc?
Songwriters' Hall Of Fame Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.songhall.org
Learn more at the official website: www.songhall.org
Mission Statement of Songwriters' Hall Of Fame Inc
Songwriters' Hall of Fame Inc, a renowned organization, is dedicated to honoring and commemorating composers and authors of music through a distinctive process. By inducting select individuals into their esteemed Songwriters Hall of Fame, they pay tribute to their significant contributions to the world of music. Furthermore, the institution has set its sights on establishing a museum, which will serve as a platform to champion songwriting and its rich history. This museum will not only educate visitors about the evolution of music but also inspire future generations of songwriters. In addition to these endeavors, Songwriters' Hall of Fame Inc also conducts educational workshops, aimed at empowering artists and songwriters, helping them refine and enhance their skills.
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Impact
October, 2024
The Songwriters' Hall Of Fame Inc plays a vital role in preserving and celebrating the contributions of composers and authors to the music industry. By inducting selectees into the Songwriters Hall of Fame, it honors their musical compositions, ensuring that their legacies are recognized and remembered. This acknowledgment serves not only to memorialize individual achievements but also to inspire future generations of songwriters.
In addition to honoring established musicians, the organization is dedicated to fostering new talent through educational workshops designed to enhance the skills of artists and songwriters. These initiatives help cultivate creativity and innovation in songwriting, contributing to the ongoing evolution of the musical landscape.
The development of a museum focused on songwriting and its history further emphasizes the importance of this art form. By providing a space that promotes the study and appreciation of songwriting, the Songwriters' Hall Of Fame enriches cultural understanding and encourages public engagement with music's rich history.
Located in New York, the organization serves as a pivotal institution in the arts, bridging the past and present of songwriting while shaping its future.
This information is meant to be a general summary of Songwriters' Hall Of Fame 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: $1,833
- Gross Receipts: $2,619,866
Assets and Liabilities:
- Total Assets: $5,285,198
- Total Liabilities: $599,922
- Net Assets: $4,685,276
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Organization Details
Founding Year
1969
Phone
(212) 957-9230Principal Officer
Thomas Kelly
Main Address
450 LEXINGTON AVENUE 3925, NEW YORK, NY, 10163
Website
www.songhall.orgNTEE Category
Code: A68Z - Arts
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