Greater Akron Musical Association Foundation

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

EIN: 341635435 ✦ Akron, OH ✦ Designated as a 501(c)(3)

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Overview

What is Greater Akron Musical Association Foundation?

The Greater Akron Musical Association Foundation is a nonprofit organization situated in Akron, Ohio, specifically at 92 North Main Street. Its primary purpose is to manage certain investments for the benefit of the Greater Akron Musical Association. The foundation adheres to a spending policy set by its board, utilizing the funds to make payments to the association, thereby supporting its mission. The mission of the Greater Akron Musical Association Foundation extends beyond financial support, aiming to promote public appreciation of the arts. The foundation operates an endowment fund and other special funds for the betterment of the Greater Akron Musical Association.


Official website here: www.akronsymphony.org

Is Greater Akron Musical Association Foundation legitimate?

Greater Akron Musical Association Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Akron Musical Association Foundation 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


Official website here: www.akronsymphony.org

What is the mission statement of Greater Akron Musical Association Foundation?

The Greater Akron Musical Association Foundation's mission is centered around managing and utilizing endowment funds and special funds for the benefit of the Greater Akron Musical Association. Its primary objective is to foster public appreciation for the arts. The foundation, established to hold investments for the association, makes payments to the association, which in turn, supports its mission. These payments are based on a spending policy established by the foundation's board.


Official website here: www.akronsymphony.org

Who is the CEO of Greater Akron Musical Association Foundation?

Thomas Clark is the President of Greater Akron Musical Association Foundation.


Official website here: www.akronsymphony.org

What is the revenue of Greater Akron Musical Association Foundation?

Greater Akron Musical Association Foundation's revenue in 2022 was $330,670.


Official website here: www.akronsymphony.org

Who are the executives of Greater Akron Musical Association Foundation and what are their salaries?

There 8 volunteers at Greater Akron Musical Association Foundation.


Here are 9 key members and their salaries:


Thomas J Clark (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Harris (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Scarponi (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Burnoski (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donna Valentine (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Peter Md (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Dowling (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Fahey (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Jarrett (Gama Executive Director)
  • Compensation: $0
  • Related: $73,000
  • Other: $0


Official website here: www.akronsymphony.org

Where can I find the form 990 for Greater Akron Musical Association Foundation?

Greater Akron Musical Association Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.akronsymphony.org

Learn more at the official website: www.akronsymphony.org

Mission Statement of Greater Akron Musical Association Foundation

The Greater Akron Musical Association Foundation's mission is centered around managing endowment funds and special contributions with the primary objective of benefiting the Greater Akron Musical Association. This foundation serves to promote public appreciation for the arts by providing financial support to the association, enabling it to fulfill its mission effectively. The foundation's operations are guided by a spending policy established by its board, and it makes payments to the association based on this policy, thereby contributing to the advancement and promotion of arts appreciation in a broader context.

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Impact




October, 2024

The Greater Akron Musical Association Foundation significantly enhances the cultural landscape of Akron, Ohio, primarily by managing and disbursing funds that support the Greater Akron Musical Association's mission. By operating an endowment fund and other special funds, the Foundation ensures a sustainable financial base that enables the association to promote public appreciation of the arts. These financial contributions facilitate various musical endeavors, programs, and events, enriching the community's access to the arts. Ultimately, its impact fosters a vibrant artistic community and encourages greater public engagement with musical performances and arts initiatives.




This information is meant to be a general summary of Greater Akron Musical Association Foundation. 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.

Revenue
$330,670 (2022)
Expenses
$392,892 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $325,718
  • Gross Receipts: $1,436,825

Assets and Liabilities:

  • Total Assets: $7,075,051
  • Total Liabilities: $0
  • Net Assets: $7,075,051

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Organization Details

Founding Year

1986

Principal Officer

Thomas Clark

Main Address

92 NORTH MAIN STREET, AKRON, OH, 44308

NTEE Category

Code: A68 - Arts

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