Overview
What is Corona Youth Music Project Inc?
Corona Youth Music Project Inc, situated in New York City, New York, is a dedicated nonprofit organization. Its primary mission is to offer tuition-free music education to children within the city's boundaries, catering to students aged 5 to 14. The project provides group instruction in musical instruments, with each student receiving 7.5 hours of instruction per week. The ultimate aim is to ensure the continuity of these students' musical journeys even as they grow into adulthood, forming two orchestras in the process. With a modest workforce of just four individuals, Corona Youth Music Project Inc plays a vital role in fostering a love for music among young New Yorkers, thereby contributing to their overall growth and development.
Official website here: www.nuclecorona.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
Corona Youth Music Project Inc has received a One-Star rating from Charity Navigator, which reflects a low overall score primarily due to its Accountability & Finance metrics. While the organization has strengths, such as a fully independent board and robust policies in place regarding conflicts of interest and whistleblowing, its financial practices have raised concerns, particularly its liabilities to assets ratio and program expense ratio.
The organization demonstrates effective governance with all board members being independent, and it actively documents board meeting minutes. However, the financial aspect of the evaluation is significantly lacking, as evidenced by its low scores in key areas such as the program expense ratio, which indicates that a lesser percentage of funds is allocated to its programs versus administrative costs.
While Corona Youth Music Project Inc has implemented basic accountability measures successfully, the financial inefficiencies highlighted in the rating suggest that there is room for improvement in how it manages expenses and allocates resources towards its mission. Addressing these issues could enhance its rating and effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Corona Youth Music Project Inc legitimate?
Corona Youth Music Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Corona Youth Music Project 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: $26,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,100
For more financial information, click here
Official website here: www.nuclecorona.org
What is the mission statement of Corona Youth Music Project Inc?
The Corona Youth Music Project Inc is committed to providing tuition-free music education to children in its jurisdiction. This mission is fulfilled through group instrument instruction, offering 7.5 hours of weekly lessons to 92 students, aged between 5 and 14. The project aims to continue supporting these students as they progress into adulthood, nurturing their musical talents and passion. The primary objective of the Corona Youth Music Project Inc is to make music education accessible, fostering musical growth and development among its young learners.
Official website here: www.nuclecorona.org
Who is the CEO of Corona Youth Music Project Inc?
Alvaro F Rodas is the Secretary And Ed of Corona Youth Music Project Inc.
Official website here: www.nuclecorona.org
What is the revenue of Corona Youth Music Project Inc?
Corona Youth Music Project Inc's revenue in 2023 was $29,546.
Official website here: www.nuclecorona.org
Who are the executives of Corona Youth Music Project Inc and what are their salaries?
The average compensation at Corona Youth Music Project Inc during 2023 was $7,525. There are 4 employees at Corona Youth Music Project Inc.
Here are 4 key members and their salaries:
- Compensation: $26,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nuclecorona.org
Where can I find the form 990 for Corona Youth Music Project Inc?
Corona Youth Music Project Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nuclecorona.org
Learn more at the official website: www.nuclecorona.org
Mission Statement of Corona Youth Music Project Inc
Corona Youth Music Project Inc is committed to delivering tuition-free music education to children residing in New York City. Their primary mission is to provide this service, aiming to foster a lifelong passion for music among the youth in their care. The organization offers group instrument instruction, dedicating 7.5 hours per week to 92 students, ranging from five to fourteen years old. The ultimate goal is to continue nurturing these students as they progress through their adolescent years and into adulthood, ensuring their musical journey remains an integral part of their lives.
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Impact
August, 2024
The Corona Youth Music Project Inc provides tuition-free music education to children in New York City. The organization offers group instrument instruction to 92 students, ages 5 to 14, in two orchestras, totaling 7.5 hours per week. The goal of the project is to continue supporting these students through adulthood, fostering their musical talents and personal development. The impact of the Corona Youth Music Project Inc is significant in empowering youth through music education, enabling them to explore their creativity, develop new skills, and enhance their overall well-being.
This information is meant to be a general summary of Corona Youth Music Project 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 2023.
- Gross Receipts: $29,546
Assets and Liabilities:
- Total Assets: $12,080
- Total Liabilities: $69
- Net Assets: $12,011
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WORKSHOP & LECTURE FEES
Organization Details
Founding Year
2011
Principal Officer
Alvaro F Rodas
Main Address
155 WEST 68TH STREET STE 1931, NEW YORK, NY, 10023
Website
www.nuclecorona.orgNTEE Category
Code: O50 - Youth development
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