Overview
What is New York Piano Academy Inc?
New York Piano Academy Inc is a nonprofit organization dedicated to education, situated in New York. They execute their mission through an array of programs, such as fostering interdisciplinary exchange between art and communities and offering piano lessons to underprivileged children. By doing so, they aim to provide a well-rounded and enriching learning experience to the communities they serve.
Official website here: www.nypianoacademy.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (56%)
New York Piano Academy Inc received a 56% score from Charity Navigator, resulting in a one-star rating. This score reflects significant concerns regarding the organization's accountability and financial practices, particularly in governance where it scored 0% for independent board members and lacked essential policies such as conflict of interest and whistleblower protections.
Despite these governance issues, the organization demonstrates strong financial health with a program expense ratio of 100%, indicating that all its expenses are directed toward its programmatic mission. Additionally, there are no material diversions of assets, and the liabilities to assets ratio is sound at 0.00%. However, the absence of key governance policies and independent oversight raises concerns.
Overall, while New York Piano Academy Inc excels in its program expenses and asset management, its lack of independent board members and missing policies highlight areas for improvement in governance and accountability, which are crucial for building donor trust and ensuring long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is New York Piano Academy Inc legitimate?
New York Piano Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New York Piano Academy 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: $21,150
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nypianoacademy.com
What is the mission statement of New York Piano Academy Inc?
The New York Piano Academy's mission is centered around education, as it strives to enrich communities through interdisciplinary art exchanges and provides piano lessons for underprivileged children. By engaging in these activities, the academy aims to contribute to the broader educational landscape and provide musical opportunities to those who may not otherwise have access to them.
Official website here: www.nypianoacademy.com
Who is the CEO of New York Piano Academy Inc?
Aharon Yedidia is the President of New York Piano Academy Inc.
Official website here: www.nypianoacademy.com
What is the revenue of New York Piano Academy Inc?
New York Piano Academy Inc's revenue in 2022 was $91,343.
Official website here: www.nypianoacademy.com
Who are the executives of New York Piano Academy Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $13,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $7,650
- Related: $0
- Other: $0
Official website here: www.nypianoacademy.com
Where can I find the form 990 for New York Piano Academy Inc?
New York Piano Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nypianoacademy.com
Learn more at the official website: www.nypianoacademy.com
Mission Statement of New York Piano Academy Inc
New York Piano Academy, an educational institution, is dedicated to enriching communities through a diverse range of programs. One of its primary objectives is to facilitate an interdisciplinary art exchange within these communities. Beyond this, the academy also provides piano lessons to underprivileged children, offering them an opportunity to explore and develop their musical talents. By doing so, New York Piano Academy aims to contribute positively to the lives of these children and the communities they inhabit.
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Impact
October, 2024
New York Piano Academy Inc plays a significant role in enhancing the cultural landscape of New York through its commitment to education and community engagement. By offering a diverse range of programs, the Academy fosters interdisciplinary art exchange, bringing together various forms of artistic expression and enriching the community's cultural experiences.
One of the Academy’s most impactful initiatives is providing piano lessons to underprivileged children, which not only imparts musical skills but also promotes cognitive development, creativity, and emotional well-being. This focus on accessibility helps to bridge the gap for talented youth who may otherwise lack opportunities in the arts, cultivating a new generation of musicians and artists.
Overall, New York Piano Academy Inc contributes to the vitality of local communities by nurturing artistic talent, fostering collaboration, and making music education available to those who need it most.
This information is meant to be a general summary of New York Piano Academy 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.
- Program Service Revenue: $14,329
- Gross Receipts: $91,343
Assets and Liabilities:
- Total Assets: $54,473
- Total Liabilities: $0
- Net Assets: $54,473
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Piano Lessons
Revenue
$14,329
Organization Details
Founding Year
2005
Phone
(212) 866-7871Principal Officer
Aharon Yedidia
Main Address
165 West 105 Street, New York, NY, 10025
Website
www.nypianoacademy.comNTEE Category
Code: A68 - Arts
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