Overview
What is Magnolia Music Boosters?
Magnolia Music Boosters is a nonprofit organization situated in Chino, California, with a postal address at PO Box 2147. Their primary purpose is to support the school's music department throughout the academic year. The boosters play an essential role in the various musical activities, ensuring their smooth operation. By providing assistance for all musical functions, Magnolia Music Boosters contribute to the musical growth and success of the school.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star
Magnolia Music Boosters has received a 1-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With an overall score of 50%, the organization lacks independent board members, which raises questions about governance and oversight. While the organization shows a strong program expense ratio of 95.96%, suggesting that the majority of funds are directed towards its mission, the absence of key policies and documentation is troubling.
Several critical policies, such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy, are missing, which could impact transparency and ethical governance. Furthermore, the organization's website is not listed on its tax form, and it does not provide essential documents such as board meeting minutes or its tax form on its website. These deficiencies contribute to a lack of confidence in the organization's operational integrity.
Despite these weaknesses, Magnolia Music Boosters has demonstrated sound financial stewardship in terms of its liabilities to assets ratio, which stands at 0.00%. This indicates that the organization is not burdened by debt. However, the overall lack of transparency and governance policies must be addressed to improve its standing and to ensure trust from donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Magnolia Music Boosters legitimate?
Magnolia Music Boosters is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magnolia Music Boosters 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
What is the mission statement of Magnolia Music Boosters?
The Magnolia Music Boosters, as an organization, is committed to supporting all musical functions within a school setting during the academic year. Their primary mission is to aid the school's music department, ensuring it operates efficiently and effectively. This support can encompass various aspects, from providing resources to facilitating events and initiatives that enhance the musical experience for students. The Boosters aim to contribute positively to the development and growth of the school's music program.
Who is the CEO of Magnolia Music Boosters?
Syanna Kawakami is the President of Magnolia Music Boosters.
What is the revenue of Magnolia Music Boosters?
Magnolia Music Boosters's revenue in 2023 was $27,778.
Who are the executives of Magnolia Music Boosters and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Magnolia Music Boosters?
Magnolia Music Boosters's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Magnolia Music Boosters
Magnolia Music Boosters, as a supporting entity, is dedicated to aiding all musical endeavors within the school setting during the academic year. Their mission is multifaceted, encompassing various aspects of musical functions. By providing assistance, Magnolia Music Boosters aims to enhance the capabilities and resources of the school's music department, ensuring a well-rounded musical experience for students.
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Impact
August, 2024
Magnolia Music Boosters has a significant impact on the school music department in Chino, CA. They provide crucial support for all musical functions throughout the school year, enhancing the music education and experience for students. Their dedication to supporting the band and other musical activities plays a vital role in fostering a thriving music program within the school. This support not only enriches students' lives through music but also contributes to the overall cultural and educational environment of the school.
This information is meant to be a general summary of Magnolia Music Boosters. 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 2023.
- Investment Income: $16
- Program Service Revenue: $6,513
- Gross Receipts: $49,641
Assets and Liabilities:
- Total Assets: $41,804
- Total Liabilities: $0
- Net Assets: $41,804
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues & Assessments
Revenue
$6,513
Organization Details
Principal Officer
Syanna Kawakami
Main Address
PO BOX 2147, CHINO, CA, 91708
NTEE Category
Code: T99Z - Philanthropy
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