Overview
What is Musical Arts Assn Orch End Ta?
Musical Arts Assn Orch End Ta, also known as the Musical Arts Association, is a nonprofit organization situated in Brooklyn, Ohio. It primarily receives grant payments to maintain, operate, and support a symphony orchestra and related activities at the Music Hall. KeyBank N.A., serving as the trustee, distributes the net income from this trust to upkeep and operate the Music Hall and provide an endowment fund for the maintenance, operation, and support of a symphony orchestra. The beneficiary organization has the power to remove or appoint the trustee, ensuring their needs and activities are prioritized in achieving their mission. The Musical Arts Association's mission revolves around the upkeep and operation of the Music Hall while also supporting a symphony orchestra.
Is Musical Arts Assn Orch End Ta legitimate?
Musical Arts Assn Orch End Ta is a legitimate nonprofit organization registered as a 501(c)(3) entity. Musical Arts Assn Orch End Ta 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: $51,315
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Musical Arts Assn Orch End Ta?
The Musical Arts Assn Orch End Ta's mission, as managed by KeyBank N.A., is primarily focused on supporting a symphony orchestra and maintaining the Musical Arts Association Music Hall. The net income from the trust is allocated for these purposes, as per an agreement from 1929. The beneficiaries opt for the maximum income, either 5% of the adjusted net asset value or traditional income. Keybank ensures responsiveness to the needs and activities of each beneficiary organization, aiming to support them in achieving their mission. Notably, the beneficiary organization retains the right to remove or appoint the trustee.
Who is the CEO of Musical Arts Assn Orch End Ta?
Unavailable
What is the revenue of Musical Arts Assn Orch End Ta?
Musical Arts Assn Orch End Ta's revenue in 2022 was $1,785,870.
Who are the executives of Musical Arts Assn Orch End Ta and what are their salaries?
There is 1 key member and their salary:
- Compensation: $51,315
- Related: $0
- Other: $0
Where can I find the form 990 for Musical Arts Assn Orch End Ta?
Musical Arts Assn Orch End Ta's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Musical Arts Assn Orch End Ta
The Musical Arts Association Orchestral Endowment Trust, often referred to as Musical Arts Assn Orch End Ta, is a beneficiary organization that receives income from a trust. This income is intended for the upkeep and operation of the Musical Arts Association Music Hall, as well as serving as an endowment fund for maintaining, operating, and supporting a symphony orchestra. The beneficiaries have chosen to receive the maximum income based on the greater of 5% of the adjusted net asset value (AFV) or traditional income. KeyBank, as the trustee, maintains a responsiveness to the needs and activities of each beneficiary organization to aid in achieving its mission. The Musical Arts Assn Orch End Ta has the right to remove or appoint the trustee, demonstrating its autonomy in managing its financial resources.
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Impact
October, 2024
Musical Arts Assn Orch End Ta significantly impacts the musical landscape by providing essential financial support for the upkeep and operation of the Musical Arts Association Music Hall and the maintenance of a symphony orchestra. The distribution of net income from the trust, managed by KeyBank N.A., ensures that both the physical space and the artistic programming have the resources necessary to thrive.
Through grants allocated for operational costs, this organization directly fosters a vibrant cultural environment, allowing for rich musical experiences in the community. By strengthening the symphony orchestra and related activities, it enhances access to the arts for local residents, promotes educational opportunities, and supports the preservation of a historical cultural venue. This sustained support not only maintains a high standard of musical performance but also enriches the overall quality of life in Brooklyn, Ohio.
This information is meant to be a general summary of Musical Arts Assn Orch End Ta. 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: $1,785,870
- Gross Receipts: $2,451,193
Assets and Liabilities:
- Total Assets: $16,667,986
- Total Liabilities: $0
- Net Assets: $16,667,986
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Organization Details
Founding Year
1931
Phone
(216) 689-7538Main Address
4900 TIEDEMAN ROAD OH-01-49-0381, BROOKLYN, OH, 44144
NTEE Category
Code: A68 - Arts
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