Overview
What is The Record Company Inc?
The Record Company Inc, situated in Boston, Massachusetts, is a nonprofit organization committed to breaking down the financial and social barriers hindering local music creators in realizing their artistic potential. By offering an economical community workspace and equal professional development programs, this organization aims to empower musicians, helping them grow and refine their craft through collaborative projects. The nonprofit's mission is deeply rooted in fostering a supportive environment for Boston's music makers, enabling them to translate their creative visions into reality. With a team of 22 dedicated individuals, The Record Company Inc is making significant strides in the realm of music and artistic development.
Official website here: www.therecordco.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Record Company Inc has received a Three-Star rating from Charity Navigator, reflecting solid accountability and financial practices. The overall score is based entirely on its accountability and finance metrics, which are notably strong, showcasing a commitment to transparency and effective governance. The organization benefits from an independent board with 87% of its members being independent, ensuring unbiased decision-making.
The charity's financial oversight is robust, as evidenced by a full score in various categories, including an audit and oversight committee. Additionally, The Record Company Inc has a commendable program expense ratio of 75.55%, indicating that a significant portion of its expenditures directly support its mission and programs. The presence of comprehensive policies, such as conflict of interest and whistleblower policies, further enhances its accountability.
While the organization has demonstrated financial health and good governance, it is important to note that the Three-Star rating suggests there may still be areas for improvement to reach a higher rating. Users may consider looking into specific program outcomes and community impact to assess the charity's overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Record Company Inc?
94% of the 97 reviewers on Facebook recommend The Record Company Inc. Here is a summary of their reviews:
Many patrons express their satisfaction with the productive and enjoyable atmosphere during their music sessions. They highlight the supportive and caring nature of the staff, which contributes to a positive experience. The location is frequently mentioned as being ideal for those seeking a collaborative environment for music production.
Overall, it seems that individuals appreciate the dedication and commitment to providing quality service, making The Record Company a favored choice among musicians looking to create and collaborate. The consistent praise reinforces the notion that this nonprofit organization genuinely aims to deliver the best possible experience for its users.
This AI summary has been generated from reviews found on Facebook.
Is The Record Company Inc legitimate?
The Record Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Record Company 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: $273,483
Professional Fundraising Fees: $0
Other Salaries and Wages: $527,517
For more financial information, click here
Official website here: www.therecordco.org
What is the mission statement of The Record Company Inc?
The Record Company Inc's mission is centered around eliminating both technical and social barriers that hinder Boston's music creators in realizing their artistic visions. They achieve this by providing affordable music workspaces and professional development programs. The organization's goal is to foster an equitable environment where artists can grow and enhance their craft through community-based projects. The Record Company Inc's activities are geared towards empowering musicians, enabling them to fully actualize their creative potential.
Official website here: www.therecordco.org
What is the revenue of The Record Company Inc?
The Record Company Inc's revenue in 2024 was $2,394,889.
Official website here: www.therecordco.org
Who are the executives of The Record Company Inc and what are their salaries?
The average compensation at The Record Company Inc during 2024 was $34,826. There are 23 employees at The Record Company Inc.
Here are 13 key members and their salaries:
- Compensation: $97,828
- Related: $0
- Other: $3,622
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $97,298
- Related: $0
- Other: $3,622
Official website here: www.therecordco.org
Where can I find the form 990 for The Record Company Inc?
The Record Company Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.therecordco.org
Learn more at the official website: www.therecordco.org
Mission Statement of The Record Company Inc
The Record Company Inc, a nonprofit organization, is committed to breaking down the technical and social barriers that hinder Boston's music creators from realizing their creative visions. They achieve this by providing genuinely affordable music workspaces and professional development programs. By offering these resources, The Record Company Inc empowers local musicians to grow and refine their artistic abilities through community-driven development projects.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Record Company Inc significantly enhances the Boston music scene by eliminating technical and social barriers that often impede artists' creative visions. By providing affordable music workspaces, they ensure that musicians have access to the resources necessary for recording, rehearsing, and collaborating. Their professional development programs are tailored to meet the needs of local artists, fostering growth and skill enhancement, which ultimately enriches the community's artistic fabric. Through community-oriented initiatives, The Record Company not only empowers individual musicians but also cultivates a vibrant and inclusive environment where creativity can flourish. This impact reverberates throughout Boston, promoting a diverse and dynamic music landscape.
This information is meant to be a general summary of The Record Company 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 2024.
- Investment Income: $29,415
- Program Service Revenue: $1,199,564
- Gross Receipts: $2,394,889
Assets and Liabilities:
- Total Assets: $4,702,534
- Total Liabilities: $362,437
- Net Assets: $4,340,097
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDIO RENTAL
Revenue
$1,199,564
Organization Details
If you are a representative of The Record Company Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.