Overview
What is Albert Lea Civic Music Association?
The Albert Lea Civic Music Association is a nonprofit organization dedicated to fostering musical education and entertainment. They achieve this by selling concert tickets to individuals, families, and students. The ticket sales generate funds to grant scholarships, enabling students to participate in various musical educational programs. Despite the challenges posed by COVID-19, the organization was unable to hold concerts this year. In essence, the Albert Lea Civic Music Association serves as a platform for musical growth and enjoyment, while simultaneously providing financial aid for aspiring musicians.
Official website here: www.albertleacivicmusic.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating
The Albert Lea Civic Music Association has received a solid Three-Star rating from Charity Navigator, reflecting a score of 76%. This rating is primarily based on its Accountability and Finance metrics, indicating that the organization has strong financial health and accountability practices. The absence of any material diversion of assets and a perfect score for independent board members underscores its commitment to transparency and governance.
Strengths include having a fully independent board consisting of 16 members and a robust program expense ratio of 76.11%. This suggests that a significant portion of its resources are dedicated to its programs rather than administrative costs. Additionally, the organization maintains accurate documentation of board meeting minutes and has listed its website on its tax form, which are indicators of good governance.
However, there are notable limitations in the organization's policies, as it lacks essential frameworks such as a conflict of interest policy and a whistleblower policy. These missing elements could impact the perceived integrity and accountability of the organization. Addressing these gaps could further enhance its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Albert Lea Civic Music Association legitimate?
Albert Lea Civic Music Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Albert Lea Civic Music Association 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.albertleacivicmusic.com
What is the mission statement of Albert Lea Civic Music Association?
The Albert Lea Civic Music Association's mission is centered around musical education and entertainment. They achieve this by selling concert tickets to individuals, families, and students. The revenue generated from these ticket sales is utilized to offer scholarships for aspiring musicians to attend educational programs. Unfortunately, due to the impact of COVID-19, concerts had to be postponed this year, affecting their usual operations. Despite the challenges, the association continues to promote musical learning and enjoyment in a different capacity.
Official website here: www.albertleacivicmusic.com
What is the revenue of Albert Lea Civic Music Association?
Albert Lea Civic Music Association's revenue in 2024 was $36,913.
Official website here: www.albertleacivicmusic.com
Who are the executives of Albert Lea Civic Music Association and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.albertleacivicmusic.com
Where can I find the form 990 for Albert Lea Civic Music Association?
Albert Lea Civic Music Association's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.albertleacivicmusic.com
Learn more at the official website: www.albertleacivicmusic.com
Mission Statement of Albert Lea Civic Music Association
The Albert Lea Civic Music Association is dedicated to fostering musical education and entertainment. This nonprofit organization accomplishes this mission by selling concert tickets to individuals, families, and students. The proceeds from these ticket sales not only fund the organization's operations but also serve as a source of scholarships for students, enabling them to participate in various musical educational programs. Regrettably, due to the impact of COVID-19, the Association was unable to hold any concerts this year, thereby hindering its ability to carry out these activities.
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Impact
August, 2024
The Albert Lea Civic Music Association plays a significant role in promoting musical education and entertainment in the community. Through the sale of concert tickets, the association not only provides enriching musical experiences for individuals and families but also supports students by offering scholarships to attend musical educational opportunities. Unfortunately, the impact of the association may have been affected by the lack of concerts this year due to COVID-19, but its mission to foster a love for music and provide educational support remains steadfast.
This information is meant to be a general summary of Albert Lea Civic Music Association. 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 2024.
- Investment Income: $7,196
- Program Service Revenue: $24,005
- Gross Receipts: $36,913
Assets and Liabilities:
- Total Assets: $789,128
- Total Liabilities: $0
- Net Assets: $789,128
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$24,005
Organization Details
Founding Year
1949
Principal Officer
Bethanie Huston
Website
www.albertleacivicmusic.comNTEE Category
Code: A68 - Arts
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