Overview
What is International Violin Competition Of Indianapolis Inc?
The International Violin Competition of Indianapolis Inc is a distinguished nonprofit organization based in Indianapolis, Indiana. Its primary mission is to sponsor and produce a renowned violin competition every four years, showcasing the talents of exceptional young classical violinists from around the world. By doing so, the organization aims to promote understanding, appreciation, and support for the violin repertoire to a diverse audience. Beyond the competition, the nonprofit also engages in education and public outreach programs, leveraging its international prominence to bring attention to Indianapolis and actively engage with local arts communities in Indiana. Currently, the organization is staffed by a team of four individuals.
Official website here: www.violin.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 51%, One-Star out of Four Star rating.
The International Violin Competition Of Indianapolis Inc has a score of 51%, which reflects serious concerns regarding its financial management and operational efficiency. While it boasts a fully independent board with solid governance practices, its low scores in financial metrics indicate challenges in maintaining a sustainable business model.
Strengths of the organization include excellent board independence and oversight, as well as robust policies regarding conflicts of interest and whistleblower protections. The organization has no material diversion of assets, which suggests a commitment to accountability. However, despite these positives, it faces significant limitations in financial ratios, particularly in its liabilities to assets ratio and program expense ratio.
The fundraising efficiency ratio is also low, indicating that the organization may be struggling to convert donations into programmatic impact effectively. This overall financial instability raises concerns about its long-term viability and capacity to fulfill its mission. Addressing these financial challenges is critical for enhancing its operational effectiveness and building donor confidence.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about International Violin Competition Of Indianapolis Inc?
88% of 8 reviewers on Facebook recommend the International Violin Competition of Indianapolis. Here’s a look at their insights:
Many users express appreciation for the nonprofit’s commitment to the arts, emphasizing the significant role it plays in enriching communities and enhancing cultural experiences. The program is seen as a valuable contribution to the support and development of talented musicians, which resonates positively with attendees and participants alike.
Overall, the sentiment towards the International Violin Competition is favorable, with supporters highlighting the importance of its mission and the positive impact it has on both individuals and the larger community.
This AI summary has been generated from reviews found on Facebook.
Is International Violin Competition Of Indianapolis Inc legitimate?
International Violin Competition Of Indianapolis Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Violin Competition Of Indianapolis 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: $173,020
Professional Fundraising Fees: $0
Other Salaries and Wages: $319,275
For more financial information, click here
Official website here: www.violin.org
What is the mission statement of International Violin Competition Of Indianapolis Inc?
The International Violin Competition of Indianapolis Inc, with its global recognition, aims to highlight and celebrate talented young classical violinists from around the world. The competition encourages a broad audience to appreciate and support the violin repertoire. Moreover, the organization leverages its prominence to draw international attention to its local arts communities, actively participating and collaborating within these communities.
Official website here: www.violin.org
Who is the CEO of International Violin Competition Of Indianapolis Inc?
Glen Kwok is the President of International Violin Competition Of Indianapolis Inc.
Official website here: www.violin.org
What is the revenue of International Violin Competition Of Indianapolis Inc?
International Violin Competition Of Indianapolis Inc's revenue in 2022 was $740,029.
Official website here: www.violin.org
Who are the executives of International Violin Competition Of Indianapolis Inc and what are their salaries?
The average compensation at International Violin Competition Of Indianapolis Inc during 2022 was $123,074. There are 4 employees and 100 volunteers at International Violin Competition Of Indianapolis Inc.
Here are 22 key members and their salaries:
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Official website here: www.violin.org
Where can I find the form 990 for International Violin Competition Of Indianapolis Inc?
International Violin Competition Of Indianapolis Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.violin.org
Learn more at the official website: www.violin.org
Mission Statement of International Violin Competition Of Indianapolis Inc
The International Violin Competition of Indianapolis Inc plays a significant role in recognizing, rewarding, and promoting the talents of young classical violinists from around the world. This esteemed organization, recognizable for its international acclaim, utilizes its prominence to attract global attention to Indianapolis, positioning itself as a collaborative and visible member of the local arts communities. The International Violin Competition of Indianapolis Inc encourages a broader understanding, appreciation, and support of the violin repertoire among a diverse audience. By doing so, the organization aims to contribute to the enrichment and growth of the classical music scene, ultimately enhancing the cultural landscape.
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Impact
October, 2024
The International Violin Competition of Indianapolis Inc has a profound impact on the local and international music scene. By sponsoring one of the world's premier violin competitions on a quadrennial basis, it showcases and elevates the talents of young classical violinists, giving them a platform to gain recognition and support. This competition not only enriches the artistic landscape of Indianapolis but also attracts global attention to the city, positioning it as a cultural hub for the arts.
Through educational and public outreach programs, the organization fosters a deeper understanding and appreciation of violin music among diverse audiences, helping to cultivate a love for classical music within the community. The collaborative efforts with local arts communities further enhance the visibility of the competition, contributing to the vibrant cultural fabric of Indianapolis and Indiana as a whole. By promoting excellence in classical music, the International Violin Competition of Indianapolis plays a vital role in inspiring the next generation of musicians and enriching the cultural experience for audiences everywhere.
This information is meant to be a general summary of International Violin Competition Of Indianapolis 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: $2,896
- Program Service Revenue: $39,442
- Gross Receipts: $776,591
Assets and Liabilities:
- Total Assets: $1,407,015
- Total Liabilities: $14,444
- Net Assets: $1,392,571
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCERTS AND COMPETITI
Revenue
$39,442
Organization Details
Founding Year
1971
Phone
(317) 637-4574Principal Officer
Glen Kwok
Main Address
32 E WASHINGTON ST SUITE 1320, INDIANAPOLIS, IN, 46204
Website
www.violin.orgNTEE Category
Code: A60I - Arts
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