Overview
What is Gasparilla Music Foundation Inc?
Gasparilla Music Foundation Inc, based in Tampa, Florida, serves as a catalyst for the city's cultural growth. Their primary mission is to foster and promote the arts scene in Tampa Bay by organizing vibrant events featuring musicians and performers. Through strategic partnerships with local entities like Hillsborough County Area Transit (HART) and Sparkman Wharf, they offer over 400 paid performance opportunities for local artists, contributing to the urban revitalization of downtown Tampa. With a dedicated team of 11 individuals, the foundation aims to raise awareness and provide arts education, thereby enriching the community's cultural landscape.
Official website here: www.gasparillamusicfestival.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Gasparilla Music Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its overall operations and financial management. With an overall score of 66%, the foundation demonstrates strong accountability and finance practices, highlighted by a 90.64% program expense ratio, showing that a significant portion of its resources is directed towards its missions. Additionally, the organization has a fully independent board and has established various policies that ensure transparency and ethical governance.
However, the foundation's financial health is a concern, as indicated by a liabilities to assets ratio of 70.91%, suggesting that it may be over-leveraged. While the foundation adheres to good governance practices, improvements are needed in managing its financial obligations to enhance stability and sustainability. The high level of operational transparency is commendable, but addressing the financial challenges will be essential for future growth and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Gasparilla Music Foundation Inc legitimate?
Gasparilla Music Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gasparilla 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: $292,440
For more financial information, click here
Official website here: www.gasparillamusicfestival.com
What is the mission statement of Gasparilla Music Foundation Inc?
The Gasparilla Music Foundation Inc's mission is centered around enriching the cultural landscape. By organizing a grand event featuring various musicians and performers, they aim to foster greater awareness, promote arts education, and contribute to the ongoing urban renewal in their area. This event serves as a platform, providing over 400 paid performance opportunities for local artists, in partnership with local organizations like Hillsborough County Area Transit (HART) and Sparkman Wharf.
Official website here: www.gasparillamusicfestival.com
Who is the CEO of Gasparilla Music Foundation Inc?
Melanie Rouse is the Director of Gasparilla Music Foundation Inc.
Official website here: www.gasparillamusicfestival.com
What is the revenue of Gasparilla Music Foundation Inc?
Gasparilla Music Foundation Inc's revenue in 2022 was $5,545,638.
Official website here: www.gasparillamusicfestival.com
Who are the executives of Gasparilla Music Foundation Inc and what are their salaries?
The average compensation at Gasparilla Music Foundation Inc during 2022 was $26,585. There are 11 employees and 350 volunteers at Gasparilla Music Foundation Inc.
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Official website here: www.gasparillamusicfestival.com
Where can I find the form 990 for Gasparilla Music Foundation Inc?
Gasparilla Music Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gasparillamusicfestival.com
Learn more at the official website: www.gasparillamusicfestival.com
Mission Statement of Gasparilla Music Foundation Inc
Gasparilla Music Foundation Inc, with a mission to nurture and promote the cultural vibrancy of Tampa Bay, accomplishes this through organizing an impressive gathering of musicians and performers. This event serves not only as entertainment but also as a catalyst for increasing awareness, fostering arts education, and propelling the urban renewal of downtown Tampa. By presenting this spectacle, Gasparilla Music Foundation Inc contributes significantly to the cultural landscape of the region.
The organization's mission is strategically undertaken through various initiatives, one of which involves providing paid performance opportunities for local artists. Gasparilla Music Foundation Inc has forged partnerships with entities like Hillsborough County Area Transit (HART) and Sparkman Wharf to create these opportunities, thereby bolstering the local arts community and showcasing its talent to a wider audience. In this manner, the foundation plays a pivotal role in nurturing the cultural growth and promotion of Tampa Bay.
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Impact
July, 2024
Gasparilla Music Foundation Inc's impact can be seen in its efforts to nurture and promote the culture of Tampa Bay through presenting a gathering of musicians and performers. This initiative has led to greater awareness, arts education, and continued urban renewal of downtown Tampa. GMF Productions has provided over 400 paid performance opportunities for local artists, thanks to partnerships with organizations like Hillsborough County Area Transit (HART) and Sparkman Wharf. Through its mission to support the arts, Gasparilla Music Foundation Inc is playing a significant role in fostering a vibrant cultural scene in Tampa, Florida.
This information is meant to be a general summary of Gasparilla 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $745
- Program Service Revenue: $3,460,491
- Gross Receipts: $5,545,638
Assets and Liabilities:
- Total Assets: $1,064,591
- Total Liabilities: $61,095
- Net Assets: $1,003,496
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$3,460,491
Organization Details
Founding Year
2010
Phone
(813) 708-8423Principal Officer
Melanie Rouse
Main Address
PO BOX 172986, TAMPA, FL, 33672
NTEE Category
Code: A68 - Arts
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