Overview
What is The American General Media Foundation?
The American General Media Foundation, based in Bakersfield, California, is a nonprofit organization with a mission to foster unity among individuals, organizations, and businesses in New Mexico, encouraging the enjoyment and appreciation of the performing arts. They accomplish this by providing classical music streaming services, including over-the-air FM radio, reaching out to numerous people in 2019. With a small team of five dedicated employees, their efforts contribute to the cultural enrichment of New Mexico's community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
The American General Media Foundation has received a 67% rating from Charity Navigator, indicating some strengths and significant areas for improvement. It reflects an average level of accountability and financial health, particularly with a program expense ratio of 78.78%, suggesting that a large portion of its expenditures goes directly to its programs. However, the lack of independent board members raises concerns about governance and oversight.
Strengths noted include a perfect score in auditing financial statements and a low liabilities-to-assets ratio of 14.77%, which suggests good financial stability. The organization has appropriately documented board meeting minutes, demonstrating some commitment to transparency. However, the absence of critical policies, such as conflict of interest and whistleblower protections, signals weaknesses in governance practices.
On the downside, the foundation's failure to provide essential documents on its website, such as tax forms, limits public transparency and may hinder trust among stakeholders. The missing conflict of interest and whistleblower policies could present risks related to ethical governance. Overall, while the foundation demonstrates some financial stability and program effectiveness, there are considerable governance deficiencies that could impact its long-term sustainability and credibility.
This AI summary has been generated from information found on Charity Navigator.
Is The American General Media Foundation legitimate?
The American General Media Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The American General Media Foundation 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: $170,843
For more financial information, click here
What is the mission statement of The American General Media Foundation?
The American General Media Foundation's mission is centered around uniting individuals, organizations, and businesses to foster the enjoyment and appreciation of the performing arts. By doing so, they aim to promote this art form in New Mexico. Their activities extend beyond mere appreciation; they also strive to provide a platform for classical music, as evidenced by their streaming services, including over-the-air FM radio, which benefited numerous residents of New Mexico in 2019.
Who is the CEO of The American General Media Foundation?
L Rogers Brandon is the Treasurer of The American General Media Foundation.
What is the revenue of The American General Media Foundation?
The American General Media Foundation's revenue in 2022 was $825,406.
Who are the executives of The American General Media Foundation and what are their salaries?
The average compensation at The American General Media Foundation during 2022 was $34,169. There are 5 employees at The American General Media Foundation.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for The American General Media Foundation?
The American General Media Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The American General Media Foundation
The American General Media Foundation, with its mission, aims to foster unity among people, organizations, and businesses in New Mexico, all working towards the common goal of appreciating and enjoying the performing arts. The organization's primary objective is to serve as a bridge, bringing together various entities to promote the enjoyment and appreciation of the performing arts within the state. This mission is carried out through various initiatives, one of which includes providing classical music streaming services to the residents of New Mexico, reaching numerous individuals in 2019. The foundation's efforts in this regard contribute significantly to the cultural landscape of New Mexico by making the performing arts more accessible and enjoyable for its residents.
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Impact
October, 2024
The American General Media Foundation significantly enhances the cultural landscape of New Mexico by promoting the enjoyment and appreciation of the performing arts across the region. By facilitating connections among individuals, organizations, and businesses, it fosters a vibrant community dedicated to artistic expression. The foundation provides classical music streaming and FM radio broadcasting, making high-quality music accessible to residents. In 2019, this initiative particularly benefited numerous individuals, allowing them to engage with the arts in a meaningful way. Through its efforts, the foundation plays a crucial role in enriching the cultural life of New Mexico.
This information is meant to be a general summary of The American General Media Foundation. 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: -$8,631
- Program Service Revenue: $251,940
- Gross Receipts: $880,511
Assets and Liabilities:
- Total Assets: $2,344,553
- Total Liabilities: $346,376
- Net Assets: $1,998,177
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Organization Details
Founding Year
2007
Phone
(661) 328-0118Principal Officer
L Rogers Brandon
Main Address
1400 EASTON DR STE 130, BAKERSFIELD, CA, 93309
NTEE Category
Code: A60 - Arts
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