Overview
What is Music And Event Management Inc?
Music and Event Management Inc (MEMI), a subsidiary of the Cincinnati Symphony Orchestra (CSO), manages and presents a diverse range of high-quality performances at Riverbend Music Center, PNC Pavilion, Andrew J. Brady Music Center, and the Taft Theatre. MEMI also extends preferential services to other non-profit organizations for festivals and community events. Based in Cincinnati, Ohio, MEMI aligns with the CSO's mission to enrich the cultural vibrancy and quality of life in the greater Cincinnati region. MEMI hosted a total of 40 events at Riverbend Music Center, 13 events at PNC Pavilion, 84 events at Andrew J. Brady Music Center, and 143 events at the Taft Theatre, attracting a combined attendance of 635,649 people. The organization boasts a workforce of 895 employees.
Official website here: www.memi.biz/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Music And Event Management Inc has received a two-star rating from Charity Navigator, indicating significant areas for improvement in accountability and financial practices. The organization has a score of 69%, reflecting a mix of strengths and weaknesses. While it excels in financial statements and has robust policies in place for conflict of interest, whistleblowing, and document retention, the lack of independent board members and a high liabilities to assets ratio are concerning.
The organization has made strides in transparency by listing its website on tax forms and maintaining thorough documentation of board meeting minutes. However, it falls short in critical areas, such as not posting its tax form on its website and having no independent board members, which raises questions about governance and oversight. The program expense ratio is strong, suggesting that funds are being allocated effectively towards the mission.
Overall, while Music And Event Management Inc shows potential through its program expenses and established policies, the lack of independent governance and financial stability need to be addressed for greater accountability and public trust. The organization is encouraged to implement changes that enhance its board structure and transparency practices to improve its standing in the nonprofit community.
This AI summary has been generated from information found on Charity Navigator.
Is Music And Event Management Inc legitimate?
Music And Event Management Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Music And Event Management 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: $687,548
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,332,904
For more financial information, click here
Official website here: www.memi.biz/
What is the mission statement of Music And Event Management Inc?
Music and Event Management Inc (MEMI), as a subsidiary of the Cincinnati Symphony Orchestra (CSO,) manages and presents a diverse range of high-quality performances at Riverbend Music Center, The PNC Pavilion, and The Taft Theatre. MEMI extends its services beyond these venues, offering preferred options to non-profit organizations for their festivals and community events. MEMI's mission aligns with the CSO's, with the primary goal of enhancing the cultural vitality and improving the overall quality of life in the greater Cincinnati region. By offering a rich and diverse array of performances and collaborating with various organizations, MEMI contributes significantly to the region's cultural landscape.
Official website here: www.memi.biz/
Who is the CEO of Music And Event Management Inc?
Richard Freshwater is the Chair of Music And Event Management Inc. The CEO's salary of Music And Event Management Inc is $515,591 and their total compensation is $556,138.
Official website here: www.memi.biz/
What is the revenue of Music And Event Management Inc?
Music And Event Management Inc's revenue in 2022 was $73,072,797.
Official website here: www.memi.biz/
Who are the executives of Music And Event Management Inc and what are their salaries?
The average compensation at Music And Event Management Inc during 2022 was $10,079. There are 895 employees and 2 volunteers at Music And Event Management Inc.
Here are 10 key members and their salaries (Music And Event Management Inc's CEO's salary is $515,591 and their total compensation is $556,138):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $515,591
- Related: $0
- Other: $40,547
- Compensation: $57,923
- Related: $195,184
- Other: $25,676
- Compensation: $62,795
- Related: $540,583
- Other: $24,402
- Compensation: $227,006
- Related: $0
- Other: $29,675
- Compensation: $219,776
- Related: $0
- Other: $29,229
- Compensation: $201,133
- Related: $0
- Other: $12,206
- Compensation: $190,036
- Related: $0
- Other: $20,533
- Compensation: $167,152
- Related: $0
- Other: $20,235
Official website here: www.memi.biz/
Where can I find the form 990 for Music And Event Management Inc?
Music And Event Management Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.memi.biz/
Learn more at the official website: www.memi.biz/
Mission Statement of Music And Event Management Inc
Music and Event Management Inc, a subsidiary of the Cincinnati Symphony Orchestra (CSO), plays a vital role in managing and presenting a diverse selection of top-notch performances at Riverbend Music Center, The PNC Pavilion, and The Taft Theatre. This dedicated organization extends its services beyond these venues, offering preferred management to other non-profit organizations for their festivals and community events. In alignment with the CSO's mission, Music and Event Management Inc contributes significantly to enhancing the cultural vitality and improving the quality of life in the greater Cincinnati region.
Music and Event Management Inc's impact reaches far and wide, as it meticulously curates and orchestrates a wide range of performances that cater to various tastes and interests. These events, held at Riverbend Music Center, The PNC Pavilion, and The Taft Theatre, foster a rich cultural landscape, bringing together diverse communities and fostering a sense of unity. Furthermore, the organization extends its expertise and resources to support other non-profit organizations in their endeavors, ensuring successful festivals and community events that resonate with the broader public. In this way, Music and Event Management Inc strengthens the cultural fabric of the region, enriching the lives of its residents.
Music and Event Management Inc's commitment to excellence is evident in its unwavering dedication to presenting quality performances and supporting the CSO's mission. By managing and offering a diverse array of events, this prominent organization underscores its role as a vital partner in the cultural landscape of greater Cincinnati, promoting a vibrant and inclusive community.
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Impact
October, 2024
Music And Event Management Inc (MEMI) significantly enhances the cultural landscape of the Greater Cincinnati region by managing a diverse array of performances across several prominent venues, including the Riverbend Music Center, PNC Pavilion, Andrew J. Brady Music Center, and the Taft Theatre. By offering high-quality events, MEMI attracts large audiences, with over 425,000 attendees at Riverbend Music Center alone.
The organization not only serves as a hub for entertainment but also fosters community engagement through partnerships with other nonprofit organizations, providing support for festivals and local events. This collaboration enriches the cultural vitality of the community and promotes a shared sense of enjoyment through the arts. MEMI plays a crucial role in enhancing the quality of life for residents, creating opportunities for connection and creativity through music and performance.
This information is meant to be a general summary of Music And Event Management 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 2022.
- Investment Income: $110,330
- Program Service Revenue: $60,137,598
- Gross Receipts: $84,078,750
Assets and Liabilities:
- Total Assets: $33,809,112
- Total Liabilities: $21,589,148
- Net Assets: $12,219,964
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT MANAGEMENT REVENUE
Revenue
$60,137,598
Organization Details
Founding Year
1993
Phone
(513) 744-3306Principal Officer
Richard Freshwater
Main Address
1241 ELM STREET, CINCINNATI, OH, 452027531
Website
www.memi.biz/NTEE Category
Code: A200 - Arts
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