Overview
What is Colorado Music Hall Of Fame?
The Colorado Music Hall of Fame, situated in Denver, Colorado at 1278 N LINCOLN STREET 100, is a nonprofit organization dedicated to honoring and uplifting Colorado's music scene. They recently underwent a renovation and refreshed their museum exhibits, introducing bilingual Spanish/English displays with a revised layout at the Red Rocks Amphitheatre's Trading Post. Due to pandemic-related scheduling delays, the 2021 induction class was inducted individually at separate concerts, while the 2022 induction class was postponed to accommodate the 2021 events. The Colorado Music Hall of Fame's mission is to celebrate, promote, and support the vibrant music community in Colorado, with a current workforce of 1 employee.
Official website here: www.cmhof.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The Colorado Music Hall of Fame has achieved a remarkable score of 97%, which highlights its strong performance in accountability and finance. This rating is significant as it reflects the organization's commitment to transparency, efficient use of funds, and responsible governance, all of which are critical factors for potential donors assessing trustworthiness.
The organization boasts a fully independent board with 17 members, demonstrating its governance strength and commitment to impartial decision-making. Additionally, the charity has no reported material diversion of assets and maintains a high program expense ratio of 86.64%, which suggests that a substantial portion of its spending goes directly toward its mission and programming rather than administrative costs.
While the data portrays a strong and well-managed organization, it is essential for potential supporters to continue monitoring its activities and financial health. Overall, the Colorado Music Hall of Fame exemplifies effective charity management as highlighted by its impressive ratings and organizational practices.
This AI summary has been generated from information found on Charity Navigator.
Is Colorado Music Hall Of Fame legitimate?
Colorado Music Hall Of Fame is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colorado Music Hall Of Fame 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: $145,384
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,500
For more financial information, click here
Official website here: www.cmhof.org
What is the mission statement of Colorado Music Hall Of Fame?
The Colorado Music Hall of Fame's mission is to celebrate, promote, and support the local music community. This organization strives to achieve this by undertaking various activities. Recently, they underwent a significant renovation and update of their museum exhibits. The refreshed displays include bilingual exhibits in Spanish and English, showcased in a new layout at their museum located at Red Rocks Amphitheatre's Trading Post. Due to scheduling delays caused by the pandemic, the 2021 induction class had to be inducted individually at separate concerts, rather than as a group. To accommodate this, the 2022 induction class was postponed.
Official website here: www.cmhof.org
Who is the CEO of Colorado Music Hall Of Fame?
Karen Radman is the Executive Di of Colorado Music Hall Of Fame.
Official website here: www.cmhof.org
What is the revenue of Colorado Music Hall Of Fame?
Colorado Music Hall Of Fame's revenue in 2022 was $123,888.
Official website here: www.cmhof.org
Who are the executives of Colorado Music Hall Of Fame and what are their salaries?
The average compensation at Colorado Music Hall Of Fame during 2022 was $147,884. There is 1 employee and 36 volunteers at Colorado Music Hall Of Fame.
Here are 20 key members and their salaries:
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Official website here: www.cmhof.org
Where can I find the form 990 for Colorado Music Hall Of Fame?
Colorado Music Hall Of Fame's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cmhof.org
Learn more at the official website: www.cmhof.org
Mission Statement of Colorado Music Hall Of Fame
The Colorado Music Hall of Fame, an esteemed organization, is dedicated to celebrating, promoting, and supporting Colorado's vibrant music community. Its mission is to uplift and champion the artists and musicians who have contributed significantly to the state's rich musical heritage. In pursuit of this mission, the organization undertakes various activities, such as conducting major renovations and refreshing its museum exhibits. These updates include designing and installing new bilingual exhibits in Spanish and English, with a revised floor plan, at the museum located at Red Rocks Amphitheatre's Trading Post.
During challenging times, such as the pandemic, the Colorado Music Hall of Fame demonstrates its resilience and adaptability. Rather than hosting the annual induction ceremony for its honorees as usual, the organization pivoted its approach. Instead of having all five inductees celebrated at a single event, the hall of fame individually inducted four of the five honorees at their own concerts. This innovative approach allowed the organization to continue recognizing and celebrating the achievements of its inductees, despite the constraints imposed by the pandemic. By adapting its strategies and staying committed to its mission, the Colorado Music Hall of Fame continues to celebrate and support Colorado's music community in meaningful ways.
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Impact
October, 2024
The Colorado Music Hall of Fame has significantly enriched the state’s music landscape by celebrating and promoting local talent, fostering community engagement, and enhancing cultural appreciation. Its commitment to showcasing Colorado's musical heritage has helped elevate awareness of both historical and contemporary artists.
The Hall implemented a major renovation of its museum exhibits at Red Rocks Amphitheatre, introducing new bilingual (Spanish/English) displays that make the museum accessible to a broader audience. This focus on inclusivity not only celebrates Colorado's diverse musical influences but also invites more people into the conversation about the state’s vibrant music community.
In response to the pandemic, the Hall adapted its induction process for the 2021 class, showcasing honorees through individual concerts rather than a single large event. This innovative pivot maintained excitement and recognition for the inductees while accommodating necessary health protocols, demonstrating resilience and flexibility in challenging times.
Through its efforts, the Colorado Music Hall of Fame not only preserves the state's musical legacy but actively supports current artists, ensuring that the music scene in Colorado remains dynamic and thriving.
This information is meant to be a general summary of Colorado Music Hall Of Fame. 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.
- Gross Receipts: $140,731
Assets and Liabilities:
- Total Assets: $373,975
- Total Liabilities: $4,963
- Net Assets: $369,012
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Organization Details
Founding Year
2010
Phone
(303) 672-1273Principal Officer
Karen Radman
Main Address
1278 N LINCOLN STREET 100, DENVER, CO, 80203
Website
www.cmhof.orgNTEE Category
Code: A80 - Arts
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