Overview
What is The Consortium Mmt?
The Consortium MMT, based in Memphis, Tennessee, is a small, nonprofit organization that aims to foster the growth of the local music industry. Located at 119 South Main Street Suite 111, they offer a structured learning environment to nurture and equip promising musicians in the areas of songwriting, record producing, and recording artistry. By providing real-world experience and mentorship, they aim to create a direct path to success for talented recording artists, entertainers, songwriters, and producers, ultimately contributing to a thriving music industry in Memphis for future generations.
Official website here: www.theconsortiummmt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Consortium Mmt has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization scored 100% in several key areas, including the composition of its board, ensuring that all members are independent, which enhances governance and oversight. The financial health of the organization is also notable, with a low liabilities to assets ratio of 0.06% and a program expense ratio of 81.64%, indicating that a significant portion of its funds is directed toward its charitable programs.
The organization has demonstrated excellence in compliance with best practices, as evidenced by the presence of essential policies such as conflict of interest, whistleblower, and document retention policies. This adherence to governance standards not only fosters transparency but also builds trust among stakeholders. Additionally, the availability of board meeting minutes further points to a commitment to accountability.
While the rating reflects strong performance in financial and governance metrics, potential donors can feel confident in the organization's operational integrity. Overall, The Consortium Mmt exemplifies effective management and a dedication to its mission, making it a commendable choice for philanthropic support.
This AI summary has been generated from information found on Charity Navigator.
Is The Consortium Mmt legitimate?
The Consortium Mmt is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Consortium Mmt 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:
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Other Salaries and Wages: $42,694
For more financial information, click here
Official website here: www.theconsortiummmt.org
What is the mission statement of The Consortium Mmt?
The Consortium Mmt's mission is to establish a robust music industry for future generations by offering a structured learning environment. This environment is designed to enrich and equip emerging talents with proven tools, thereby fostering the development of the next wave of successful music professionals. The Consortium provides real-world experience and mentorship, creating a direct pathway to success for skilled recording artists, entertainers, songwriters, and producers.
Official website here: www.theconsortiummmt.org
What is the revenue of The Consortium Mmt?
The Consortium Mmt's revenue in 2024 was $94,854.
Official website here: www.theconsortiummmt.org
Who are the executives of The Consortium Mmt and what are their salaries?
The average compensation at The Consortium Mmt during 2024 was $42,694. There is 1 employee at The Consortium Mmt.
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Official website here: www.theconsortiummmt.org
Where can I find the form 990 for The Consortium Mmt?
The Consortium Mmt's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.theconsortiummmt.org
Learn more at the official website: www.theconsortiummmt.org
Mission Statement of The Consortium Mmt
The Consortium MMT, with a mission to enrich and equip the next generation of successful music professionals, aims to establish a robust music industry in the future. By providing a structured learning environment, this nonprofit organization seeks to offer proven tools to its talents, fostering their growth and development. The Consortium MMT believes in the power of real-world experience and mentorship, creating a direct path to success for talented recording artists, entertainers, songwriters, and producers. The ultimate goal is to develop a thriving music industry, nurturing and nourishing the talents that will shape its future.
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Impact
August, 2024
The Consortium Mmt is making a significant impact in Memphis by developing a viable music industry for the future. Through their SoulRight Music Mentorship Program, they are providing a structured learning environment to enrich and equip talented individuals in the areas of songwriting, record producing, and recording artistry. By offering real-world experience and mentorship, The Consortium Mmt is creating a direct path to success for aspiring recording artists, entertainers, songwriters, and producers in the Memphis area. Their efforts are critical in nurturing and developing the next generation of successful music professionals and contributing to the growth of the local music industry.
This information is meant to be a general summary of The Consortium Mmt. 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 2024.
- Investment Income: $11,275
- Gross Receipts: $448,265
Assets and Liabilities:
- Total Assets: $588,943
- Total Liabilities: $359
- Net Assets: $588,584
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Organization Details
Founding Year
2012
Principal Officer
David Porter
Website
www.theconsortiummmt.orgNTEE Category
Code: A68 - Arts
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