Overview
What is Mason City Foundation?
The Mason City Foundation, situated in Mason City, Iowa, is a nonprofit organization dedicated to preserving the legacy of Meredith Wilson, the composer of 'The Music Man'. Their primary objective is to establish a facility housing a museum and theatre, and they currently operate the Meredith Wilson Home as a local landmark. Moreover, they offer music education programs for individuals of all ages, aiming to enrich the cultural environment of the community. In addition to this, the foundation manages Music Man Square, which is a significant part of their operations. Overall, the Mason City Foundation cultivates and supports efforts to enhance the cultural life of their community.
Official website here: www.themusicmansquare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Mason City Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The overall score is exceptionally high, based entirely on a singular beacon score focused on fiscal responsibility. This rating signifies that the foundation is effectively managing its resources, ensuring transparency, and maintaining rigorous oversight.
One of the foundation's notable strengths is its governance structure, with 100% of its board members being independent. This independence contributes to effective decision-making without conflicts of interest, bolstered by several robust policies, including those regarding whistleblower protections and document retention. Such measures further enhance trust and accountability within the organization.
Financially, the Mason City Foundation demonstrates solid performance, with a low liabilities-to-assets ratio and a high percentage of expenses directed toward programs. This assures stakeholders that the majority of funding is utilized for core activities rather than administrative overhead, although specific program outcomes and community impact could be beneficial for prospective donors to understand the full extent of their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Mason City Foundation legitimate?
Mason City Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mason City 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: $55,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $41,039
For more financial information, click here
Official website here: www.themusicmansquare.org
What is the mission statement of Mason City Foundation?
The Mason City Foundation aims to enrich the cultural environment of the community by cultivating and supporting various efforts in this direction. This is achieved through the operation of the Meredith Willson Boyhood Home and Music Man Square. The organization preserves the heritage of Meredith Willson by maintaining a facility for a museum and theatre, operating the Meredith Willson Home as a local landmark, and providing music education programs for individuals of all ages.
Official website here: www.themusicmansquare.org
Who is the CEO of Mason City Foundation?
Nick Whitehurst is the Operations Manager of Mason City Foundation.
Official website here: www.themusicmansquare.org
What is the revenue of Mason City Foundation?
Mason City Foundation's revenue in 2022 was $408,234.
Official website here: www.themusicmansquare.org
Who are the executives of Mason City Foundation and what are their salaries?
The average compensation at Mason City Foundation during 2022 was $16,006. There are 6 employees and 100 volunteers at Mason City Foundation.
Here are 10 key members and their salaries:
- Compensation: $55,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.themusicmansquare.org
Where can I find the form 990 for Mason City Foundation?
Mason City Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.themusicmansquare.org
Learn more at the official website: www.themusicmansquare.org
Mission Statement of Mason City Foundation
The Mason City Foundation, a cultural enrichment advocate, dedicates its efforts to cultivating and supporting initiatives that enhance the community's cultural environment. One of its primary focuses is the operation of the Boyhood Home of Meredith Wilson, more famously known as the setting for the musical "The Music Man." Additionally, the Foundation oversees Music Man Square, a local landmark that serves as a hub for cultural activities.
The Foundation's mission is multifaceted. It aims to preserve the heritage of Meredith Wilson, a prominent figure in American musical theater, by constructing a facility to house a museum and theater. This facility serves as a physical testament to Wilson's legacy, offering visitors an immersive experience into his life and work.
Beyond preservation, the Foundation also provides music education programs for individuals of all ages. These programs, designed to foster a love for music, are integral to the Foundation's mission of enriching the community's cultural landscape. By offering these educational opportunities, the Mason City Foundation contributes significantly to the development and appreciation of the arts within its community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
June, 2024
Mason City Foundation has significantly enriched the cultural environment of the community through its initiatives. By preserving the heritage of Meredith Willson and maintaining the Boyhood Home of the renowned composer, the foundation has created a significant local landmark. Moreover, the foundation's efforts in providing music education programs to individuals of all ages have had a lasting impact on the community, fostering a deeper appreciation for music and the arts. The foundation's work in building a facility to house a museum and theatre dedicated to Meredith Willson further solidifies its commitment to preserving and celebrating cultural heritage. Through these multifaceted endeavors, Mason City Foundation has truly made a remarkable contribution to enhancing the cultural vibrancy and heritage of the community.
This information is meant to be a general summary of Mason City 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,151
- Program Service Revenue: $81,055
- Gross Receipts: $462,147
Assets and Liabilities:
- Total Assets: $5,745,879
- Total Liabilities: $162,150
- Net Assets: $5,583,729
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMISSIONS & USAGE FEES
Revenue
$64,306
EDUCATIONAL PROGRAMS
Revenue
$16,749
Organization Details
Founding Year
1991
Phone
(641) 424-2852Principal Officer
Nick Whitehurst
Main Address
308 S PENNSYLVANIA, MASON CITY, IA, 50401
Website
www.themusicmansquare.orgNTEE Category
Code: C20Z - Environment
If you are a representative of Mason City Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.