Overview
What is Santa Monica Bay Music Foundation?
The Santa Monica Bay Music Foundation is a nonprofit organization situated in Santa Monica, California. Their primary mission is to provide high-quality music education to underprivileged youth, fostering social awareness and boosting their self-worth. They achieve this goal through various programs, including music camps, private lessons, ensemble activities, field trips, and community concerts. This year, they successfully served over 1000 young individuals, breaking down barriers to music education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
The Santa Monica Bay Music Foundation has received a Three-Star rating from Charity Navigator, signifying a solid performance in the realm of accountability and finance. With an overall score of 79%, the foundation shows strong governance practices, highlighted by an independent board consisting entirely of independent members. The organization also scores well in areas such as conflict of interest policies and asset management.
Strengths of the foundation include a remarkable program expense ratio of 92.45%, indicating that a significant portion of its expenses is directed toward its programs rather than administrative costs. Additionally, the foundation demonstrates responsible financial management with a liabilities to assets ratio of 0.00%, showcasing its strong financial position. Policies related to whistleblowing and document retention further enhance its accountability measures.
Despite the strong score, the foundation's rating is derived from a single beacon score, which means it may not fully reflect all aspects of the organization's operations. However, the comprehensive evaluation of accountability and finance indicates that it is managing its resources effectively and adhering to best practices in governance.
This AI summary has been generated from information found on Charity Navigator.
Is Santa Monica Bay Music Foundation legitimate?
Santa Monica Bay Music Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Santa Monica Bay Music 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: $29,862
Professional Fundraising Fees: $0
Other Salaries and Wages: $272,174
For more financial information, click here
What is the mission statement of Santa Monica Bay Music Foundation?
The Santa Monica Bay Music Foundation, in its mission, aims to enhance the lives of children through music education. It provides an optimal learning environment, ensuring access to music education irrespective of a child's socioeconomic background. Through its comprehensive program, the foundation fosters the development of social awareness and a heightened sense of self-worth in the children it serves. By harnessing the transformative power of music, the organization seeks to enrich the lives of these children, contributing positively to their overall development.
Who is the CEO of Santa Monica Bay Music Foundation?
John Redfield is the Ceo/Director of Santa Monica Bay Music Foundation. The CEO's salary of Santa Monica Bay Music Foundation is $29,862 and their total compensation is $29,862.
What is the revenue of Santa Monica Bay Music Foundation?
Santa Monica Bay Music Foundation's revenue in 2022 was $706,065.
Who are the executives of Santa Monica Bay Music Foundation and what are their salaries?
There 10 volunteers at Santa Monica Bay Music Foundation.
Here are 3 key members and their salaries (Santa Monica Bay Music Foundation's CEO's salary is $29,862 and their total compensation is $29,862):
- Compensation: $29,862
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Santa Monica Bay Music Foundation?
Santa Monica Bay Music Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Santa Monica Bay Music Foundation
The Santa Monica Bay Music Foundation, a nonprofit organization, harnesses the transformative power of music to positively impact children's lives. By providing comprehensive music education in an optimal learning environment, the foundation strives to break down socioeconomic barriers. This unique approach enables children to broaden their social understanding and fosters a stronger sense of self-worth. Through its music education programs, the Santa Monica Bay Music Foundation empowers children to grow and develop, ultimately enriching their lives.
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Impact
July, 2024
The Santa Monica Bay Music Foundation positively impacts the lives of children by providing transformative music education programs in an optimal learning environment. Through their comprehensive programming, children not only enhance their musical skills but also develop increased social awareness and individual self-worth. By breaking down barriers to music education, the foundation has successfully provided quality music education to over 1000 youth through various initiatives such as music camps, private lessons, ensemble programs, field trips, and community concerts. Their mission is rooted in the belief in the transformative power of music, and their work has helped students increase empathy, cultural awareness, and understanding while fostering youth development.
This information is meant to be a general summary of Santa Monica Bay Music 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.
- Program Service Revenue: $706,065
- Gross Receipts: $706,065
Assets and Liabilities:
- Total Assets: $85,526
- Total Liabilities: $0
- Net Assets: $85,526
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Organization Details
Founding Year
2010
Phone
(310) 633-4985Principal Officer
John Redfield
Main Address
1501 Colorado Suite A, Santa Monica, CA, 90404
NTEE Category
Code: O50 - Youth development
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