Overview
What is Law Rocks Inc?
Law Rocks Inc, based in El Segundo, California, is a nonprofit organization dedicated to promoting and supporting social service programs. Their primary mission is to advocate for music education for underprivileged youth and raise funds for local nonprofit organizations. They achieve this goal by organizing benefit concerts, harnessing the power of music and the generosity of the global legal community. Law Rocks Inc has a vision to make a significant impact in various cities worldwide by raising funds and attention for local organizations that positively influence local communities. In 2022, they hosted eight live concerts to further their cause. With a team of just two dedicated individuals, Law Rocks Inc continues to bring attention and funding to deserving local nonprofits, touring to 24 cities and five continents.
Official website here: www.lawrocks.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Law Rocks Inc. has received a Two-Star out of Four Star rating, indicating a performance that requires improvement, with an overall score of 68%. The organization demonstrates a strong governance structure, featuring a fully independent board, which is an essential element for ensuring accountability. Additionally, they have shown no material diversion of assets, and their financial liabilities are well-managed, as evidenced by a 0.00% liabilities to assets ratio.
However, there are notable weaknesses in their financial transparency, as they have not provided financial statements, which has significantly impacted their score in this area. Their program expense ratio stands at 62.53%, suggesting that a majority of their expenditures are directed towards programs, but the lack of financial documentation raises concerns about their overall financial health and accountability.
Additionally, the absence of key policies, such as a whistleblower policy and document retention policy, detracts from their governance practices. While they have the necessary documents for board meetings and maintain transparency through their tax form listing on their website, these gaps indicate that Law Rocks Inc. could benefit from enhancing their operational policies and financial disclosures to improve overall trust and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Law Rocks Inc legitimate?
Law Rocks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Law Rocks 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
Official website here: www.lawrocks.org
What is the mission statement of Law Rocks Inc?
Law Rocks Inc's mission is centered around promoting music education for underprivileged youth and raising funds for local nonprofit organizations. They achieve this by leveraging the power of music and the generosity of the global legal community. Law Rocks Inc provides a platform for the legal community to bring attention and financial support to deserving local nonprofits. Their vision is to make a significant impact in various cities globally by raising funds and awareness for organizations that positively influence local communities. To date, Law Rocks Inc has toured to 24 cities and five continents, showcasing their unique blend of rock-n-roll and charitable giving.
Official website here: www.lawrocks.org
Who is the CEO of Law Rocks Inc?
Ted Scott is the President of Law Rocks Inc.
Official website here: www.lawrocks.org
What is the revenue of Law Rocks Inc?
Law Rocks Inc's revenue in 2022 was $692,756.
Official website here: www.lawrocks.org
Who are the executives of Law Rocks Inc and what are their salaries?
There are 2 employees and 10 volunteers at Law Rocks Inc.
Here are 11 key members and their salaries:
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- Compensation: $101,671
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Official website here: www.lawrocks.org
Where can I find the form 990 for Law Rocks Inc?
Law Rocks Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lawrocks.org
Learn more at the official website: www.lawrocks.org
Mission Statement of Law Rocks Inc
Law Rocks Inc, a nonprofit organization, is dedicated to promoting and supporting social service programs. Its mission is multifaceted, with a primary focus on nurturing music education for underprivileged youth and raising funds for local nonprofit organizations. The organization achieves this by leveraging the influence of the global legal community and the power of music. Law Rocks Inc provides a platform for legal professionals to draw attention and resources to deserving local nonprofits. By combining music and generosity, this nonprofit aspires to make a significant impact in various cities worldwide, enhancing the lives of local communities. So far, Law Rocks Inc has embarked on tours to 24 cities across five continents, showcasing its signature blend of rock-n-roll and charitable giving.
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Impact
July, 2024
Law Rocks Inc's impact lies in its unique approach to promoting music education for underprivileged youth and raising funds for local organizations through benefit concerts. By leveraging the power of music and the generosity of the global legal community, Law Rocks Inc is able to make a real difference in cities around the world. Through their signature combination of rock-n-roll and charitable giving, they have hosted eight live concerts in 2022 alone, touring to 24 cities and five continents. This innovative model not only provides support to deserving local organizations but also raises awareness and funding for initiatives that positively impact local lives. In essence, Law Rocks Inc is instrumental in fostering social service programs, enhancing music education, and promoting philanthropy on a global scale.
This information is meant to be a general summary of Law Rocks 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.
- Gross Receipts: $863,553
Assets and Liabilities:
- Total Assets: $403,010
- Total Liabilities: $0
- Net Assets: $403,010
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Organization Details
Founding Year
2011
Phone
(310) 819-9011Principal Officer
Ted Scott
Main Address
2100 E GRAND AVENUE 375, EL SEGUNDO, CA, 90245
Website
www.lawrocks.orgNTEE Category
Code: T30 - Philanthropy
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