Overview
What is Franklin Pond Chamber Music Inc?
Franklin Pond Chamber Music Inc, located in Atlanta, Georgia, is a nonprofit organization dedicated to nurturing young musicians. They conduct comprehensive music programs, with a summer session from late June to early August, and another from September to May. These programs include coaching sessions, master classes, and live performance opportunities. The organization also hosts a competition for chamber music groups consisting of 3 to 8 members. The primary mission of Franklin Pond Chamber Music Inc is to mentor these young musicians, helping them develop as musicians, thinkers, collaborators, and responsible individuals in a diverse and inclusive community. With a small team of 2 individuals, they strive to foster growth and creativity through the art of chamber music.
Official website here: www.franklinpondcm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Stars
Franklin Pond Chamber Music Inc has achieved a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The charity's overall score is based entirely on its accountability metrics, reflecting a commitment to transparency and effective governance. Notably, the organization boasts a majority of independent board members and a favorable liabilities-to-assets ratio of 0.00%, suggesting strong financial health.
The organization demonstrates good practices in several areas, such as having documented board meeting minutes and a high program expense ratio of 75.95%, which signifies that a substantial portion of its resources is directed towards its mission. However, there are notable gaps in its governance practices, particularly the absence of a conflict of interest policy, a whistleblower policy, and a document retention policy, which detracts from its overall accountability score.
While the charity showcases strengths in board independence and financial management, the lack of certain governance policies may raise concerns among potential donors regarding its operational transparency. Overall, Franklin Pond Chamber Music Inc is positioned well in financial accountability, but addressing its governance shortcomings could enhance its rating and public trust further.
This AI summary has been generated from information found on Charity Navigator.
Is Franklin Pond Chamber Music Inc legitimate?
Franklin Pond Chamber Music Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franklin Pond Chamber Music 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: $43,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.franklinpondcm.org
What is the mission statement of Franklin Pond Chamber Music Inc?
Franklin Pond Chamber Music Inc's mission is to nurture and develop young musicians by immersing them in the art of chamber music. This process aims to foster their growth as musicians, intellectuals, team players, and responsible individuals in a diverse and inclusive community. The organization provides an intensive summer music program and continues its activities during the fall, offering coaching sessions, master classes, and performance opportunities. It also hosts a competition for chamber music groups, encouraging collaboration and teamwork among the participants.
Official website here: www.franklinpondcm.org
Who is the CEO of Franklin Pond Chamber Music Inc?
Ronda P Respess is the Executive Director of Franklin Pond Chamber Music Inc.
Official website here: www.franklinpondcm.org
What is the revenue of Franklin Pond Chamber Music Inc?
Franklin Pond Chamber Music Inc's revenue in 2022 was $177,153.
Official website here: www.franklinpondcm.org
Who are the executives of Franklin Pond Chamber Music Inc and what are their salaries?
The average compensation at Franklin Pond Chamber Music Inc during 2022 was $21,500. There are 2 employees at Franklin Pond Chamber Music Inc.
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Official website here: www.franklinpondcm.org
Where can I find the form 990 for Franklin Pond Chamber Music Inc?
Franklin Pond Chamber Music Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.franklinpondcm.org
Learn more at the official website: www.franklinpondcm.org
Mission Statement of Franklin Pond Chamber Music Inc
Franklin Pond Chamber Music Inc is committed to nurturing young musicians, guiding them towards their fullest potential as artists, intellectuals, team players, and responsible individuals in a diverse and inclusive society. Through the medium of chamber music, this nonprofit organization provides mentorship, fostering the development of its mentees not just as musicians, but also as critical thinkers, collaborators, and responsible community members.
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Impact
October, 2024
Franklin Pond Chamber Music Inc significantly impacts young musicians by fostering their growth through the collaborative nature of chamber music. By conducting intensive summer programs and structured sessions throughout the school year, they provide students with valuable experiences that enhance their musical skills.
Participants benefit from personalized coaching, master classes, and live performance opportunities, allowing them to refine their craft and gain confidence as performers. The organization emphasizes collaboration and teamwork, helping members develop important interpersonal skills and a sense of community among diverse peers. Furthermore, the competition for chamber music groups encourages creativity and healthy competition, inspiring young musicians to strive for excellence. As a result, Franklin Pond empowers these individuals not only as artists but also as thoughtful, responsible citizens within a vibrant community.
This information is meant to be a general summary of Franklin Pond Chamber Music 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: $3,719
- Program Service Revenue: $56,505
- Gross Receipts: $177,153
Assets and Liabilities:
- Total Assets: $376,559
- Total Liabilities: $0
- Net Assets: $376,559
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Student program fees
Revenue
$56,505
Organization Details
Founding Year
2001
Principal Officer
Ronda P Respess
Main Address
4835 Franklin Pond Rd, Atlanta, GA, 30342
Website
www.franklinpondcm.orgNTEE Category
Code: A25 - Arts
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