Overview
What is Music Works Inc Stuart Young?
Music Works Inc Stuart Young is a nonprofit organization situated in Vero Beach, Florida, with an address at 3333 Ocean Drive. Their primary mission is to organize, promote, and present live staged events, utilizing a portion of the ticket sales revenue to support selected local nonprofit organizations. By doing so, they contribute to the community by funding various causes and initiatives through their entertainment events.
Official website here: www.musicworksconcerts.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 63%, Two-Star out of Four Star rating
Music Works Inc has a 63% rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization's program expense ratio is strong at 79.70%, suggesting that a significant portion of its expenses goes directly to its programs. However, the lack of independent board members and missing policies for whistleblower protection and document retention are notable weaknesses.
The nonprofit has a well-structured financial accountability system, evidenced by a 0% liabilities to assets ratio, indicating sound financial practices with no outstanding debts. Despite its strengths in some areas, the absence of independent oversight in board membership could raise concerns about governance and transparency.
Overall, while Music Works Inc demonstrates effective allocation of resources towards its mission, improvements in board independence and the establishment of critical oversight policies would enhance its accountability and effectiveness in the nonprofit landscape.
This AI summary has been generated from information found on Charity Navigator.
Is Music Works Inc Stuart Young legitimate?
Music Works Inc Stuart Young is a legitimate nonprofit organization registered as a 501(c)(3) entity. Music Works Inc Stuart Young 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.musicworksconcerts.com
What is the mission statement of Music Works Inc Stuart Young?
Music Works Inc, through its live staged events, aims to raise funds by selling tickets. A portion of these proceeds is then donated to support local non-profit organizations. By organizing and promoting these events, Music Works Inc contributes to the causes of these selected charities, thereby making a positive impact in the community. The organization's activities revolve around creating entertaining live events while simultaneously providing financial assistance to deserving local non-profit organizations.
Official website here: www.musicworksconcerts.com
Who is the CEO of Music Works Inc Stuart Young?
Stuart Rusty Young is the Secretary of Music Works Inc Stuart Young. The CEO's salary of Music Works Inc Stuart Young is $0 and their total compensation is $132,256.
Official website here: www.musicworksconcerts.com
What is the revenue of Music Works Inc Stuart Young?
Music Works Inc Stuart Young's revenue in 2021 was $1,018,433.
Official website here: www.musicworksconcerts.com
Who are the executives of Music Works Inc Stuart Young and what are their salaries?
Here are 3 key members and their salaries (Music Works Inc Stuart Young's CEO's salary is $0 and their total compensation is $132,256):
- Compensation: $0
- Related: $132,256
- Other: $0
- Compensation: $0
- Related: $132,256
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.musicworksconcerts.com
Where can I find the form 990 for Music Works Inc Stuart Young?
Music Works Inc Stuart Young's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.musicworksconcerts.com
Learn more at the official website: www.musicworksconcerts.com
Mission Statement of Music Works Inc Stuart Young
Music Works Inc Stuart Young, as an organization, is dedicated to organizing, promoting, and presenting live staged events. The primary purpose behind these events is to generate proceeds from ticket sales. A significant portion of these earnings is then channeled towards supporting various local not-for-profit organizations. By doing so, Music Works Inc Stuart Young aims to make a tangible difference in the communities it serves, thereby contributing to their overall development. The organization's mission is to leverage its expertise in organizing and promoting live events to raise funds for deserving local non-profits, thereby extending its reach beyond entertainment and making a meaningful social impact.
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Impact
October, 2024
Music Works Inc, led by Stuart Young, significantly impacts the local community in Vero Beach, Florida, by organizing, promoting, and presenting live staged events. These events not only provide entertainment but also channel a portion of ticket sales revenues into local charitable organizations. This approach fosters a vibrant arts scene while simultaneously supporting various local nonprofits, thereby enriching both the cultural landscape and community welfare. The initiative helps mobilize resources for causes that resonate with local citizens, ensuring that the benefits of cultural events extend beyond entertainment to tangible community support. Through its activities, Music Works Inc enhances local engagement with the arts and amplifies the voices of vital organizations that serve the community.
This information is meant to be a general summary of Music Works Inc Stuart Young. 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 2021.
- Program Service Revenue: $38,820
- Gross Receipts: $1,018,433
Assets and Liabilities:
- Total Assets: $622,485
- Total Liabilities: $0
- Net Assets: $622,485
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER CONCERT REVENUE
Revenue
$38,820
Organization Details
Founding Year
2009
Phone
(917) 439-5265Principal Officer
Stuart Rusty Young
Main Address
3333 OCEAN DRIVE, VERO BEACH, FL, 32963
Website
www.musicworksconcerts.comNTEE Category
Code: A99 - Arts
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