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Varna International Music Academy

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 320542058 ✦ Columbia, SC ✦ Designated as a 501(c)(3)

Overview

What is Varna International Music Academy?

Varna International Music Academy is a nonprofit organization situated in Columbia, South Carolina, specifically at 1225 Laurel Street. Its primary mission is to organize an annual music academy and educational tours, providing opportunities for students to enhance their advanced music skills through practical performances in settings such as operas and concertos. In 2021, instead of the usual summer academy, the organization took on the production and management of the MUZIKA festival in Myrtle Beach, South Carolina. This event included the 2022 academy and featured numerous performances across the area. Despite the challenges posed by the Coronavirus, the academy had to cancel its summer sessions in 2020 and 2021.


Is Varna International Music Academy legitimate?

Varna International Music Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Varna International Music Academy 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.

Here 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


What is the mission statement of Varna International Music Academy?
Who is the CEO of Varna International Music Academy?
What is the revenue of Varna International Music Academy?
Who are the executives of Varna International Music Academy and what are their salaries?
Where can I find the form 990 for Varna International Music Academy?

Mission Statement of Varna International Music Academy

Varna International Music Academy is dedicated to fulfilling its mission by organizing an annual music academy and educational music tours. The primary objective of these initiatives is to educate students in advanced music concepts. Furthermore, these programs provide students with the opportunity to showcase their skills in real-world performance situations, such as operas and concertos. By offering this unique combination of education and performance experiences, Varna International Music Academy aims to help its students grow as musicians and prepare them for future careers in the music industry. In recent years, the academy has had to adapt to unforeseen circumstances, such as the cancellation of the summer 2020 and 2021 Academies due to the Coronavirus. However, the academy has continued its mission by producing and managing the MUZIKA festival in Myrtle Beach, SC, which included the 2022 Academy and numerous performances throughout the area.

Impact

This information is meant to be a general summary of Varna International Music Academy. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Varna International Music Academy has a significant impact on the music education landscape by providing advanced music concepts and performance opportunities to students through its annual music academy and educational tours. Despite the challenges posed by the cancellation of the summer 2020 and 2021 Academies due to the Coronavirus, the organization adapted and successfully managed the MUZIKA festival in Myrtle Beach, SC in 2021-22. This festival not only included the 2022 Academy but also produced over two dozen performances in and around the Myrtle Beach area, showcasing the talent and hard work of the participants. Through its commitment to educating and empowering students in the arts, Varna International Music Academy contributes to the enrichment of musical understanding and performance skills, making a lasting impact on the participants and the community at large.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $920,215
  • Gross Receipts: $1,227,146

    • Assets and Liabilities:
  • Total Assets: $449,855
  • Total Liabilities: $165,684
  • Net Assets: $284,171
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Muzika performances

    Revenue

    $327,455

    VOH performances and shows

    Revenue

    $187,760

    Muzika non-cash income

    Revenue

    $214,000

    VOH non-cash income

    Revenue

    $191,000

    Organization Details

    Founding Year

    2017

    Principal Officer

    Sharon Tchonev

    Main Address

    1225 Laurel Street, Columbia, SC, 29201

    NTEE Category

    Code: A68 - Arts

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