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Hovland Conservatory Of Music

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

EIN: 411812818 ✦ Stillwater, MN ✦ Designated as a 501(c)(3)

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Overview

What is Hovland Conservatory Of Music?

Hovland Conservatory of Music is a nonprofit organization committed to making high-quality music education accessible and approachable for everyone. By introducing a standardized 861,007.940,245.- program, they have made affordable, convenient, and non-intimidating music instruction available to all. The mission of the Hovland Conservatory is to empower individuals with musical abilities, believing that everyone should have the opportunity to be musically trained. The program aims to improve music instruction and appreciation, thereby enriching the lives of those who participate.


Official website here: www.hovlandconservatory.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 43% (Zero-Star out of Four Star Rating)

Hovland Conservatory of Music has received a low rating of 43% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization has no independent board members, which raises flags about governance and oversight. While the charity has managed to maintain a high program expense ratio of 79.16%, suggesting that a significant portion of its funds go directly to programs, the overall lack of independent governance and financial transparency is troubling.

The charity's accountability metrics reveal several critical shortcomings. Key documents, such as financial statements and a whistleblower policy, are notably missing, which diminishes trust in its operational integrity. Furthermore, the organization has an extraordinarily high liabilities-to-assets ratio of 1170.96%, suggesting potential financial instability that could threaten its long-term viability.

Despite these issues, there are some positive aspects. The organization adheres to certain policies, such as having a conflict of interest policy in place and documenting board meeting minutes. However, without substantial improvements in governance and transparency, Hovland Conservatory of Music risks continued scrutiny and diminished public confidence.


This AI summary has been generated from information found on Charity Navigator.

Is Hovland Conservatory Of Music legitimate?

Hovland Conservatory Of Music is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hovland Conservatory Of Music 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: $119,807
Professional Fundraising Fees: $0
Other Salaries and Wages: $485,812

For more financial information, click here


Official website here: www.hovlandconservatory.org

What is the mission statement of Hovland Conservatory Of Music?

The Hovland Conservatory of Music believes that everyone has the potential and the right to receive high-quality musical training. To realize this goal, they have established a standardized program, known as the Hovland Conservatory of Music **-***2818, which makes top-notch music education affordable, convenient, and accessible, thereby removing any barriers that might deter individuals from pursuing musical education. The primary objective of this conservatory is to make music instruction available to all, fostering musical growth and appreciation among its students.


Official website here: www.hovlandconservatory.org

Who is the CEO of Hovland Conservatory Of Music?

Mary Hovland is the President of Hovland Conservatory Of Music.


Official website here: www.hovlandconservatory.org

What is the revenue of Hovland Conservatory Of Music?

Hovland Conservatory Of Music's revenue in 2022 was $1,098,126.


Official website here: www.hovlandconservatory.org

Who are the executives of Hovland Conservatory Of Music and what are their salaries?

The average compensation at Hovland Conservatory Of Music during 2022 was $19,536. There are 31 employees at Hovland Conservatory Of Music.


Here are 3 key members and their salaries:


Peter Hovland (Treasurer)
  • Compensation: $48,333
  • Related: $0
  • Other: $0
Andrew Hovland (Vice President)
  • Compensation: $48,333
  • Related: $0
  • Other: $0
Mary Hovland (President)
  • Compensation: $23,141
  • Related: $0
  • Other: $0


Official website here: www.hovlandconservatory.org

Where can I find the form 990 for Hovland Conservatory Of Music?

Hovland Conservatory Of Music's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hovlandconservatory.org

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

Mission Statement of Hovland Conservatory Of Music

Hovland Conservatory of Music is committed to the belief that everyone has the potential and the right to receive high-quality musical training. To actualize this belief, the institution has developed a standardized program named Hovland Conservatory of Music **-***2818. This innovative program aims to make top-tier music education affordable, convenient, and accessible to all, breaking down any barriers that might have previously deterred individuals from pursuing their musical interests. The institution's mission is to foster a musical community where everyone can participate, learn, and appreciate music.

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Impact




July, 2024

The Hovland Conservatory of Music's impact lies in its mission to make high-quality music instruction affordable, convenient, and accessible to everyone. By offering a standardized program that emphasizes music training and appreciation, the conservatory is working towards the goal of ensuring that individuals from all walks of life have the opportunity to develop their musical abilities. This commitment to music education contributes to the enrichment of the community by fostering a culture of creativity, expression, and artistic growth.




This information is meant to be a general summary of Hovland Conservatory Of Music. 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
$1,098,126 (2022)
Expenses
$1,013,666 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $954,376
  • Gross Receipts: $1,098,126

Assets and Liabilities:

  • Total Assets: $100,442
  • Total Liabilities: $532,244
  • Net Assets: -$431,802

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Programs

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

Program Fees

Revenue

$954,376

Organization Details

Founding Year

1995

Principal Officer

Mary Hovland

Main Address

1222 4th Avenue, Stillwater, MN, 55082

NTEE Category

Code: B99Z - Education

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