Overview
What is Salt Lake Music School Foundation?
The Salt Lake Music School Foundation, located at 182 South 600 East in Salt Lake City, Utah, is a nonprofit organization with a mission to inspire and enrich the lives of children of all ages through comprehensive music education. With a dedicated workforce of 65 individuals, this organization utilizes music as a powerful tool to foster growth and development in young lives. Their activities and mission revolve around providing access to music education, enriching and inspiring children across various age groups.
Official website here: www.giftedmusicschool.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78%, Three-Star out of Four Star rating. The Salt Lake Music School Foundation demonstrates a commendable level of accountability and finance management, as reflected in its overall score which is solely based on this criterion. The organization has received a score of 78%, indicating that it meets key standards in transparency and governance.
The foundation boasts a fully independent board, consisting of 12 members, and has effectively established policies for conflict of interest, whistleblower protections, and document retention. Additionally, it has shown strong financial practices, with a program expense ratio of 80.98%, ensuring that a significant portion of its funds is directed toward its programming.
However, while its financial management is solid, the overall rating is solely based on the accountability and finance aspect, which may suggest limitations in other evaluated areas such as program impact or community engagement. Nevertheless, the foundation's efforts to maintain transparency and good governance practices are notable strengths.
This AI summary has been generated from information found on Charity Navigator.
Is Salt Lake Music School Foundation legitimate?
Salt Lake Music School Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Salt Lake Music School 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: $140,855
Professional Fundraising Fees: $30,000
Other Salaries and Wages: $734,273
For more financial information, click here
Official website here: www.giftedmusicschool.org
What is the mission statement of Salt Lake Music School Foundation?
The Salt Lake Music School Foundation's mission, as stated, is centered around utilizing comprehensive music education to positively impact and elevate the lives of children of various age groups. Their goal is to inspire and enrich these young minds through the power of music. This mission is carried out through their activities and services, aiming to make a significant and lasting impact on the lives of these children.
Official website here: www.giftedmusicschool.org
What is the revenue of Salt Lake Music School Foundation?
Salt Lake Music School Foundation's revenue in 2024 was $1,447,252.
Official website here: www.giftedmusicschool.org
Who are the executives of Salt Lake Music School Foundation and what are their salaries?
The average compensation at Salt Lake Music School Foundation during 2024 was $14,346. There are 61 employees and 200 volunteers at Salt Lake Music School Foundation.
Here are 12 key members and their salaries:
- Compensation: $88,478
- Related: $0
- Other: $13,416
- Compensation: $57,200
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- Other: $0
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Official website here: www.giftedmusicschool.org
Where can I find the form 990 for Salt Lake Music School Foundation?
Salt Lake Music School Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.giftedmusicschool.org
Learn more at the official website: www.giftedmusicschool.org
Mission Statement of Salt Lake Music School Foundation
The Salt Lake Music School Foundation, in its mission, aims to harness the power of comprehensive music education to uplift and enrich the lives of children of all ages. By utilizing various music teaching methods, this nonprofit organization aspires to inspire and positively impact the lives of its young learners, fostering their personal growth and development. Through its music education programs, the Salt Lake Music School Foundation seeks to provide a nurturing environment where children can discover their passion for music, ultimately enriching their lives and broadening their horizons.
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Impact
October, 2024
Salt Lake Music School Foundation significantly impacts the lives of children in Salt Lake City through its comprehensive music education programs. By providing access to high-quality music instruction, it inspires creativity, enhances cognitive development, and fosters self-discipline among students of all ages. These programs enrich not only individual lives but also contribute to cultivating a vibrant community where the arts flourish. Through nurturing musical talents, the foundation helps build confidence and social skills, empowering young learners to express themselves and connect with others.
This information is meant to be a general summary of Salt Lake Music School 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 2024.
- Investment Income: $2,303
- Program Service Revenue: $616,741
- Gross Receipts: $1,616,535
Assets and Liabilities:
- Total Assets: $1,998,062
- Total Liabilities: $965,956
- Net Assets: $1,032,106
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$616,689
OTHER
Revenue
$52
Organization Details
Founding Year
2009
Principal Officer
Eugene Watanabe
Website
www.giftedmusicschool.orgNTEE Category
Code: A25 - Arts
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