Overview
What is Crescendo Competitions Inc?
Crescendo Competitions Inc, situated in Marlboro, New Jersey, is a small-scale nonprofit organization with a primary focus on music. They are renowned for organizing an annual music program called Little Mozart Concert, which is open to beginners. Beyond this, the organization extends its reach internationally, offering a music competition, an annual music concert, and a student music exchange program with various countries. This exchange program aims to foster global connections among music students, providing them with a unique opportunity to learn and grow.
Official website here: www.crescendocompetition.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 22%
Crescendo Competitions Inc has received a Zero-Star out of Four Star rating from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. The overall score is derived solely from the Accountability & Finance category, which scored only 22%. This indicates a lack of transparency and proper governance structures within the organization.
Strengths noted in the evaluation include the presence of a majority independent board, with 66% of board members being independent, which scored well at 8 out of 8 points. However, the organization faced major shortcomings, such as not providing financial statements and lacking essential policies like conflict of interest and whistleblower protections, which contributed to its low rating.
The financial ratios also raise concerns; with a liabilities to assets ratio of 67.75% and a program expense ratio of only 45.38%, it suggests that the organization may not be efficiently utilizing its resources for its intended programs. Overall, Crescendo Competitions Inc appears to need significant improvements in transparency and financial management to enhance its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Crescendo Competitions Inc legitimate?
Crescendo Competitions Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Crescendo Competitions 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: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.crescendocompetition.org
What is the mission statement of Crescendo Competitions Inc?
Crescendo Competitions Inc is dedicated to facilitating an international music competition, annually organizing music concerts, and promoting a student exchange program in music with various countries. Their primary mission is to provide a platform for musical communication and collaboration among young musicians globally. The organization hosts the Little Mozart Concert, an annual music program open to beginners, as part of its initiatives to nurture talent and foster a love for music.
Official website here: www.crescendocompetition.org
Who is the CEO of Crescendo Competitions Inc?
Alex Babayev is the President of Crescendo Competitions Inc.
Official website here: www.crescendocompetition.org
What is the revenue of Crescendo Competitions Inc?
Crescendo Competitions Inc's revenue in 2022 was $691,511.
Official website here: www.crescendocompetition.org
Who are the executives of Crescendo Competitions Inc and what are their salaries?
There is 1 employee at Crescendo Competitions Inc.
There is 1 key member and their salary:
- Compensation: $165,000
- Related: $0
- Other: $0
Official website here: www.crescendocompetition.org
Where can I find the form 990 for Crescendo Competitions Inc?
Crescendo Competitions Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.crescendocompetition.org
Learn more at the official website: www.crescendocompetition.org
Mission Statement of Crescendo Competitions Inc
Crescendo Competitions Inc, an international organization, is dedicated to providing a music competition, an annual concert, and a student exchange program for budding musicians from various countries. Their primary mission is to foster musical growth and cultural exchange among young musicians through these initiatives. The organization hosts the Little Mozart Concert, an annual music program open to beginning and intermediate level musicians, as part of its comprehensive offerings. By organizing these events, Crescendo Competitions Inc aims to promote musical excellence, international collaboration, and cultural understanding among its participants.
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Impact
July, 2024
Crescendo Competitions Inc's impact is seen through its provision of an international music competition, annual music concert, and student music exchange program with other countries. Through initiatives like the Little Mozart Concert, an annual music program open to beginning musicians, Crescendo Competitions Inc is able to foster cultural exchange and musical development among students in the arts. Based in Marlboro, NJ, the organization's mission of promoting the arts is evident in its dedicated efforts to provide opportunities for young musicians to showcase their talent and connect with peers from around the world.
This information is meant to be a general summary of Crescendo Competitions 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: $691,511
- Gross Receipts: $691,511
Assets and Liabilities:
- Total Assets: $537,554
- Total Liabilities: $335,453
- Net Assets: $202,101
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONCERT
Revenue
$182,397
COMPETITION
Revenue
$364,794
EXCHANGE PROGRAM
Revenue
$144,320
Organization Details
Founding Year
2007
Principal Officer
Alex Babayev
Main Address
55 MANOR DRIVE, MARLBORO, NJ, 07746
Website
www.crescendocompetition.orgNTEE Category
Code: A68 - Arts
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