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Hickory Music Factory Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 454726768 ✦ Hickory, NC ✦ Designated as a 501(c)(3)

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Overview

What is Hickory Music Factory Inc?

Hickory Music Factory Inc, located in Hickory, North Carolina, is a nonprofit organization dedicated to fostering future generations through music. They offer comprehensive music lessons and organize camps, catering to over 200 students. The organization provides numerous performance opportunities, such as open mic events, concerts with professional musicians, and clinics. To ensure inclusivity, they offer scholarship opportunities for children from financially challenged families. Furthermore, Hickory Music Factory Inc engages in community outreach, promoting music appreciation through various events. Their work is centered around the belief that music plays a significant role in shaping futures.


Official website here: www.hickorymusicfactory.com

Is Hickory Music Factory Inc legitimate?

Hickory Music Factory Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hickory Music Factory 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: $48,744

For more financial information, click here


Official website here: www.hickorymusicfactory.com

What is the mission statement of Hickory Music Factory Inc?

Hickory Music Factory Inc's mission is centered around music, aiming to shape futures through teaching, performance, and community outreach. They offer music lessons and camps to over 200 students, providing ample opportunities for performance, such as open mic events, concerts with professional musicians, and clinics. The organization also extends scholarship opportunities to children from families with limited resources and organizes performance events to foster music appreciation.


Official website here: www.hickorymusicfactory.com

Who is the CEO of Hickory Music Factory Inc?

Anthony M Eltora is the Vice President of Hickory Music Factory Inc.


Official website here: www.hickorymusicfactory.com

What is the revenue of Hickory Music Factory Inc?

Hickory Music Factory Inc's revenue in 2022 was $219,368.


Official website here: www.hickorymusicfactory.com

Who are the executives of Hickory Music Factory Inc and what are their salaries?


Here are 12 key members and their salaries:


John Chamberlain (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danna Shugart (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Woodward (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Walker (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Avery (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Boyens (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gordon Mattichak (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marsha Hughes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tracy Bolick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Austin Pearc (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Regenbogen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerisha Farrer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hickorymusicfactory.com

Where can I find the form 990 for Hickory Music Factory Inc?

Hickory Music Factory Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hickorymusicfactory.com

Learn more at the official website: www.hickorymusicfactory.com

Mission Statement of Hickory Music Factory Inc

Hickory Music Factory Inc, a nonprofit organization, is committed to shaping futures through the power of music. Their mission is multifaceted, encompassing teaching, performance, and community outreach. This mission translates into providing music lessons and camps to over 200 students, offering them ample opportunities to perform. These performances take various forms, including open mic events, concerts alongside professional musicians, and clinics.

The organization goes beyond just providing music education. It extends its reach to children from families with limited resources, offering scholarship opportunities. This not only allows talented young musicians to hone their skills but also ensures that music education is accessible to all, regardless of financial circumstances.

Moreover, Hickory Music Factory Inc organizes performance events to stimulate music appreciation. These events serve as a platform for budding musicians to showcase their talent, while also fostering a love for music in the audience. The organization's commitment to music education, performance, and community outreach is a testament to its mission of building futures through music.

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Impact




October, 2024

Hickory Music Factory Inc makes a significant impact by fostering a love for music and providing valuable educational opportunities in Hickory, NC. Through music lessons and camps, the organization has reached over 200 students, equipping them with skills that can shape their futures. The performance opportunities it offers—such as open mic events, concerts with professional musicians, and specialized clinics—enhance the learning experience by encouraging creativity and confidence in young performers.

The organization also emphasizes community outreach and inclusivity, providing scholarship opportunities for children from families with limited resources. This commitment not only promotes music appreciation but also ensures that all children, regardless of their background, can access quality music education. By building a supportive music community, Hickory Music Factory Inc plays a crucial role in enriching the cultural landscape and empowering the youth of Hickory.




This information is meant to be a general summary of Hickory Music Factory 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.

Revenue
$219,368 (2022)
Expenses
$203,301 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $61,958
  • Program Service Revenue: $69,391
  • Gross Receipts: $335,498

Assets and Liabilities:

  • Total Assets: $309,634
  • Total Liabilities: $3,301
  • Net Assets: $306,333

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ROOM REVENUE

Revenue

$20,989

PROGRAM REVENUE

Revenue

$18,323

CONCERT AND PROGAM REV

Revenue

$18,095

STUDENT REGISTRATION

Revenue

$11,984

Organization Details

Founding Year

2012

Principal Officer

Anthony M Eltora

Main Address

PO BOX 2712, HICKORY, NC, 28603

NTEE Category

Code: A25 - Arts

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