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Ankeny Instrumental Music Foundation Inc

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

EIN: 421492924 ✦ Ankeny, IA ✦ Designated as a 501(c)(3)

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Overview

What is Ankeny Instrumental Music Foundation Inc?

Ankeny Instrumental Music Foundation Inc is a nonprofit organization that supports the musical growth of students in the Ankeny Community School District, located in Ankeny, Iowa. Their primary mission is to ensure that high school band programs have adequate staff and resources, enabling each student to fully realize their potential in instrumental music. To achieve this goal, the foundation covers certain expenses related to the instrumental music programs at two high schools within the district, specifically Ankeny High School and Ankeny Centennial High School. By doing so, they contribute to the overall educational development of these students and foster their passion for music.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 94% (Four-Star out of Four Star rating)

The Ankeny Instrumental Music Foundation Inc has achieved a strong overall score of 94%, indicating a high level of accountability and financial health. The foundation's rating is based entirely on its Accountability & Finance score, which underscores its commitment to transparency and responsible financial management. This high score reflects the foundation's solid governance practices, including a fully independent board and effective conflict of interest and whistleblower policies.

The organization demonstrates an impressive program expense ratio of 90.54%, suggesting that a significant portion of its funds are directed towards its mission-related programs rather than administrative costs. Additionally, the absence of any material diversion of assets and a favorable liabilities to assets ratio of 0.00% further highlight its financial stability. These factors contribute to a favorable environment for donors looking to support a responsible organization.

While the foundation boasts a strong governance structure and financial practices, potential donors should consider the specific programs and initiatives the organization undertakes. Understanding how effectively their contributions will impact the community through these programs could enhance the overall assessment of the foundation's value and mission fulfillment.


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

Is Ankeny Instrumental Music Foundation Inc legitimate?

Ankeny Instrumental Music Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ankeny Instrumental Music Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Ankeny Instrumental Music Foundation Inc?

The Ankeny Instrumental Music Foundation Inc's mission is centered around supporting the educational growth of band students in two high schools. By funding necessary expenses for instrumental music programs, the foundation aims to ensure that each student has the opportunity to realize their full potential in music. The foundation's activities primarily benefit the Ankeny Community School District, focusing on providing satisfactory staff and equipment for the high school band programs. This commitment to music education enables students to fully engage in and derive maximum benefit from their instrumental music studies.

Who is the CEO of Ankeny Instrumental Music Foundation Inc?

Amy Yeager is the President of Ankeny Instrumental Music Foundation Inc.

What is the revenue of Ankeny Instrumental Music Foundation Inc?

Ankeny Instrumental Music Foundation Inc's revenue in 2021 was $67,650.

Who are the executives of Ankeny Instrumental Music Foundation Inc and what are their salaries?

There 250 volunteers at Ankeny Instrumental Music Foundation Inc.


Here are 13 key members and their salaries:


Heidi Palkovic (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa West (Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nick Rueckert (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Yeager (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Apple (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Weber (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Hook (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jill Urich (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Heuton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jen Stapleton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jen Schafer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Patterson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Ankeny Instrumental Music Foundation Inc?

Ankeny Instrumental Music Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of Ankeny Instrumental Music Foundation Inc

Ankeny Instrumental Music Foundation Inc, a nonprofit organization, is dedicated to empowering band students in two high schools. Its mission is to create an environment that fosters the full potential of each student in instrumental music. By providing financial support for necessary expenses, the Foundation ensures that the high school band programs in the district have access to competent staff and adequate equipment. This allows the students to fully immerse themselves in their musical endeavors, ultimately enhancing their educational experience.

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Impact




August, 2024

Ankeny Instrumental Music Foundation Inc positively impacts the band students of the Ankeny Community School District by providing essential support for their instrumental music programs. Through funding certain expenses for the high school band programs at Ankeny High School and Ankeny Centennial High School, the Foundation ensures that each student has access to quality staff and equipment. This support enables students to reach their full potential in instrumental music education, fostering a vibrant and enriching musical environment within the schools.




This information is meant to be a general summary of Ankeny Instrumental Music Foundation 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.

Revenue
$67,650 (2021)
Expenses
$55,015 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $15,593
  • Gross Receipts: $67,650

Assets and Liabilities:

  • Total Assets: $696,011
  • Total Liabilities: $0
  • Net Assets: $696,011

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Organization Details

Founding Year

1999

Principal Officer

Amy Yeager

Main Address

PO Box 753, Ankeny, IA, 50021

NTEE Category

Code: B11 - Education

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