Overview
What is Muscle Shoals Music Foundation?
The Muscle Shoals Music Foundation is a nonprofit organization situated in Sheffield, Alabama, specifically at 3614 JACKSON HIGHWAY. Its primary mission is to preserve, archive, and curate various forms of musical heritage. This includes audio, visual, and tangible materials related to music that was written, recorded, or performed by musicians within the Muscle Shoals area of Alabama. The foundation's commitment extends to the music performed by musicians originating from this geographical region. With a team of eight dedicated individuals, the Muscle Shoals Music Foundation aims to safeguard and celebrate the rich musical history of this area.
Official website here: www.msmusicfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Muscle Shoals Music Foundation has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The overall score is primarily derived from a single beacon score, focusing entirely on financial practices, which reflects the foundation's commitment to transparency and effective use of resources.
Strengths noted in the evaluation include a fully independent board, with all members (100%) being independent, and a sound financial structure as evidenced by a favorable liabilities to assets ratio of 15.42%. Additionally, the organization has demonstrated excellent program expense efficiency, with 100% of expenses allocated to its programs, signaling strong stewardship of donations.
However, the foundation has some areas for improvement, particularly concerning governance policies. The absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy has resulted in lower scores in these categories. Strengthening these governance practices could enhance the overall accountability of the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Muscle Shoals Music Foundation legitimate?
Muscle Shoals Music Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Muscle Shoals 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $135,616
For more financial information, click here
Official website here: www.msmusicfoundation.org
What is the mission statement of Muscle Shoals Music Foundation?
The Muscle Shoals Music Foundation's mission is centered around preserving, archiving, and curating various forms of musical content. This encompasses audio, visual, and tangible materials related to music that has been written, recorded, or performed in and around Muscle Shoals, Alabama. Furthermore, the foundation's scope extends to the music produced by musicians hailing from the same geographical area. By carrying out these activities, the foundation aims to safeguard and celebrate the rich musical heritage of this region.
Official website here: www.msmusicfoundation.org
Who is the CEO of Muscle Shoals Music Foundation?
Judy Hood is the Treasurer of Muscle Shoals Music Foundation.
Official website here: www.msmusicfoundation.org
What is the revenue of Muscle Shoals Music Foundation?
Muscle Shoals Music Foundation's revenue in 2020 was $470,119.
Official website here: www.msmusicfoundation.org
Who are the executives of Muscle Shoals Music Foundation and what are their salaries?
The average compensation at Muscle Shoals Music Foundation during 2020 was $16,952. There are 8 employees at Muscle Shoals Music Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.msmusicfoundation.org
Where can I find the form 990 for Muscle Shoals Music Foundation?
Muscle Shoals Music Foundation's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.msmusicfoundation.org
Learn more at the official website: www.msmusicfoundation.org
Mission Statement of Muscle Shoals Music Foundation
The Muscle Shoals Music Foundation is committed to preserving, archiving, and curating audio, visual, and tangible materials related to music written or recorded in and around Muscle Shoals, Alabama, as well as music performed by musicians hailing from this geographical area. By undertaking this mission, this nonprofit organization aims to safeguard the rich musical heritage of this region, ensuring that future generations can appreciate and learn from the contributions of these talented musicians. The foundation's work encompasses a wide range of materials, from recordings and photographs to instruments and memorabilia, all of which contribute to the broader narrative of music history in this area. Through its preservation efforts, Muscle Shoals Music Foundation seeks to celebrate the unique musical identity of this region and to promote a deeper understanding of its cultural significance.
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Impact
July, 2024
The Muscle Shoals Music Foundation's impact lies in its dedicated efforts to preserve, archive, and curate a rich collection of audio, visual, and tangible materials related to music written or recorded in and around Muscle Shoals, Alabama. By focusing on this specific geographical area and the music created by musicians from this region, the Foundation plays a crucial role in safeguarding the unique musical heritage of Muscle Shoals. Through its mission to protect and showcase these cultural artifacts, the Foundation helps ensure that this music legacy continues to inspire and enrich future generations.
This information is meant to be a general summary of Muscle Shoals 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 2020.
- Gross Receipts: $470,119
Assets and Liabilities:
- Total Assets: $846,153
- Total Liabilities: $119,208
- Net Assets: $726,945
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Organization Details
Founding Year
2013
Phone
(256) 246-3601Principal Officer
Judy Hood
Main Address
3614 JACKSON HIGHWAY, SHEFFIELD, AL, 35660
Website
www.msmusicfoundation.orgNTEE Category
Code: A68 - Arts
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