Overview
What is National Assoc Of Schools Of Music?
The National Assoc of Schools of Music is a nonprofit organization based in Reston, Virginia. Committed to advancing music education and training, they offer specialized accreditation services to institutions of higher learning offering music programs. Their operations involve upholding standards, guidelines, and procedures, conducting peer reviews, and overseeing decision-making processes. The organization aims to foster closer relationships among schools and music programs, ultimately enhancing the quality of music education. With a workforce of 16 individuals, they strive to improve the overall standard of music education in the United States.
Official website here: www.arts-accredit.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating
The National Association of Schools of Music (NASM) has received a strong Four-Star rating from Charity Navigator, reflecting its high standards in accountability and financial management. The overall score is driven entirely by a robust performance in the Accountability & Finance category, which underscores the organization's commitment to transparency and responsible stewardship of resources.
One of the notable strengths of NASM includes its governance structure, which boasts 95% independent board members and a solid board size of 19. The organization also demonstrates sound financial practices, including a program expense ratio of 75.95%, indicating that a significant portion of its budget is allocated directly to its programs. Additionally, it has no liabilities in relation to its assets, showcasing a healthy financial status.
However, there are areas for improvement, particularly concerning governance policy documents. The absence of a whistleblower policy and a document retention and destruction policy received zero points in these categories, which could raise questions about the organization's protocols for internal oversight. Despite this, the overall financial health and accountability measures of NASM position it as a trustworthy nonprofit in the music education sector.
This AI summary has been generated from information found on Charity Navigator.
Is National Assoc Of Schools Of Music legitimate?
National Assoc Of Schools Of Music is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Assoc Of Schools 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: $404,887
Professional Fundraising Fees: $0
Other Salaries and Wages: $979,564
For more financial information, click here
Official website here: www.arts-accredit.org
What is the mission statement of National Assoc Of Schools Of Music?
The National Association of Schools of Music's mission is centered around fostering closer connections among institutions and programs specialized in music education and training. Their primary goal is to enhance the quality of music education standards. The association accomplishes this by offering specialized accreditation to higher education institutions offering music programs. This process involves maintaining and updating standards, guidelines, and procedures, conducting peer reviews, and overseeing decision-making processes. The association's role is instrumental in ensuring that music education and training programs meet and surpass set standards, thereby benefiting students and the music industry as a whole.
Official website here: www.arts-accredit.org
Who is the CEO of National Assoc Of Schools Of Music?
Karen P Moynahan is the President of National Assoc Of Schools Of Music.
Official website here: www.arts-accredit.org
What is the revenue of National Assoc Of Schools Of Music?
National Assoc Of Schools Of Music's revenue in 2023 was $2,670,946.
Official website here: www.arts-accredit.org
Who are the executives of National Assoc Of Schools Of Music and what are their salaries?
The average compensation at National Assoc Of Schools Of Music during 2023 was $86,528. There are 16 employees and 144 volunteers at National Assoc Of Schools Of Music.
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- Compensation: $368,078
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- Other: $36,808
Official website here: www.arts-accredit.org
Where can I find the form 990 for National Assoc Of Schools Of Music?
National Assoc Of Schools Of Music's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.arts-accredit.org
Learn more at the official website: www.arts-accredit.org
Mission Statement of National Assoc Of Schools Of Music
The National Association of Schools of Music, in its mission, aims to foster closer relationships among various institutions and programs specializing in music education and training. This organization's primary objective is to enhance the standards in music education and training by promoting collaborative efforts among these institutions.
To achieve this goal, the National Association of Schools of Music provides a specialized accreditation service to higher education institutions offering music programs. This accreditation process involves maintaining rigorous standards, guidelines, and procedures. The association also oversees peer reviews and plays a significant role in decision-making processes, ensuring that music education and training programs uphold the highest standards of quality. By doing so, the National Association of Schools of Music helps improve the overall quality of music education and training, thereby empowering future musicians and music educators.
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Impact
July, 2024
The National Association of Schools of Music plays a crucial role in developing closer relationships among schools and programs of music to enhance standards in music education and training. By providing specialized accreditation to institutions of higher education offering music programs, NASM ensures the maintenance of high standards, guidelines, and procedures in music education. Through peer reviews and oversight of decision-making processes, NASM contributes to advancing the quality of music education across the country. This accreditation process helps institutions improve their music programs, ultimately benefitting students and the field of music education as a whole.
This information is meant to be a general summary of National Assoc Of Schools 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $347,068
- Program Service Revenue: $1,126,666
- Gross Receipts: $3,424,763
Assets and Liabilities:
- Total Assets: $11,353,729
- Total Liabilities: $0
- Net Assets: $11,353,729
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$941,918
ANNUAL MEETING
Revenue
$160,237
APPLICATIONS & CONSULT
Revenue
$14,150
MISCELLANEOUS INCOME
Revenue
$7,271
PUBLICATIONS & SUBSCRI
Revenue
$3,090
Organization Details
Founding Year
1924
Phone
(703) 437-0700Principal Officer
Karen P Moynahan
Main Address
11250 ROGER BACON DRIVE 21, RESTON, VA, 20190
Website
www.arts-accredit.orgNTEE Category
Code: B030 - Education
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