Overview
What is Aimusic Us?
Aimusic Us is a nonprofit organization situated in Cupertino, California, with a workforce of nine individuals. Their mission is to honor, celebrate, and protect cultural heritages, fostering a diverse community enriched with ethnic intellectual diversity. Through their dedication, they aim to nurture students with compassion, encouraging them to share traditional music and serve others selflessly. In the San Francisco Bay Area during the 2021-2022 period, Aimusic Us provided 12 free community service performances online, engaging teaching artists and the public.
Official website here: www.aimusic.us
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 70%)
Aimusic Us has received a Two-Star rating from Charity Navigator, indicating a need for improvement, particularly in its accountability and financial practices. The organization maintains a strong independent board, with 100% of its members being independent and a well-reviewed financial statement, highlighting good governance in these areas. However, the overall score reflects some significant concerns regarding missing policies and transparency.
While the organization scores well in categories such as program expense ratio and the absence of material diversion of assets, it lacks essential governance policies such as a whistleblower policy and document retention policy. Furthermore, the nonprofit has not posted its tax forms on its website, which could impact transparency and trust with donors and stakeholders.
The liabilities to assets ratio is concerning, indicating potential financial vulnerability, as it stands at 69.75%. Although the program expense ratio is relatively high at 67.70%, these financial indicators suggest that Aimusic Us needs to address its operational and governance gaps to enhance its accountability and improve its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Aimusic Us legitimate?
Aimusic Us is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aimusic Us 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: $244,317
Professional Fundraising Fees: $0
Other Salaries and Wages: $151,290
For more financial information, click here
Official website here: www.aimusic.us
What is the mission statement of Aimusic Us?
Aimusic Us, an organization, is committed to honoring and safeguarding cultural traditions, fostering a diverse community, and cultivating a compassionate spirit among its students. Their mission is to equip these students with a heart for service, encouraging them to share their love for traditional music with others. By doing so, Aimusic Us aims to contribute to a community enriched by cultural heritage and intellectual diversity. In 2021-2022, they demonstrated their commitment by offering 12 free community performances in the San Francisco Bay Area, showcasing the talents of their teaching artists and students.
Official website here: www.aimusic.us
Who is the CEO of Aimusic Us?
Xie Tan Lee is the President of Aimusic Us.
Official website here: www.aimusic.us
What is the revenue of Aimusic Us?
Aimusic Us's revenue in 2023 was $524,051.
Official website here: www.aimusic.us
Who are the executives of Aimusic Us and what are their salaries?
The average compensation at Aimusic Us during 2023 was $43,956. There are 9 employees and 14 volunteers at Aimusic Us.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $161,000
- Related: $14,400
- Other: $0
- Compensation: $15,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $24,200
- Related: $1,560
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.aimusic.us
Where can I find the form 990 for Aimusic Us?
Aimusic Us's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.aimusic.us
Learn more at the official website: www.aimusic.us
Mission Statement of Aimusic Us
Aimusic Us, a nonprofit organization, is committed to honoring, commemorating, and safeguarding cultural traditions. Its primary goal is to foster a community that embraces diverse intellectual perspectives from various ethnic backgrounds. Furthermore, Aimusic Us aims to instill in its students a compassionate spirit, encouraging them to serve others through the medium of traditional music.
To achieve these objectives, Aimusic Us organizes community performances, showcasing the talents of its teaching artists and students. In the 2021-2022 period, the organization presented 12 such performances in the San Francisco Bay Area, all of which were offered free of charge to the public. By doing so, Aimusic Us not only celebrates and preserves cultural heritage but also provides an opportunity for the wider community to engage with and appreciate these traditions.
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Impact
July, 2024
Aimusic Us's impact includes fostering a strong sense of community in the San Francisco Bay Area through 12 free online performances in 2021-2022. By dedicating, celebrating, and preserving cultural heritages, the organization creates a space rich in ethnic intellectual diversity. Through the nurturing of students with a loving heart to serve others through traditional music, Aimusic Us positively influences individuals and communities in Cupertino, CA.
This information is meant to be a general summary of Aimusic Us. 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.
- Investment Income: $3,033
- Program Service Revenue: $163,337
- Gross Receipts: $525,290
Assets and Liabilities:
- Total Assets: $408,811
- Total Liabilities: $285,163
- Net Assets: $123,648
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition
Revenue
$156,717
Performance Income
Revenue
$6,620
Organization Details
Founding Year
2013
Phone
(408) 253-5998Principal Officer
Xie Tan Lee
Main Address
22051 Regnart Road, Cupertino, CA, 95014
Website
www.aimusic.usNTEE Category
Code: A68 - Arts
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