Overview
What is Knickerbocker Music Center Inc?
Knickerbocker Music Center Inc, located in Westerly, Rhode Island, functions as a dynamic nonprofit organization, combining performances and music education to celebrate and preserve blues music, a genre born in their community. The center presents captivating performances by renowned blues artists and culturally significant musicians, providing master classes, talks, and group jams for their students. In collaboration with their sister organization, the United Theatre, they offer a comprehensive arts campus, hosting world-class performances, visual arts, and creative workshops. Since 2014, the Rhode Island Philharmonic Orchestra & Music School has engaged over 5,000 students from the Westerly and CharIho School Districts. The Knickerbocker Music Center and United Theatre provide a weekly educational learning center for more than 300 students, fostering a vibrant and inclusive music community. With a dedicated workforce of 36 individuals, they strive to expand music accessibility and cultivate a love for various genres.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star Rating.
Knickerbocker Music Center Inc has received a low rating of 56%, indicating challenges in its accountability and financial practices. The organization excels in having a fully independent board, demonstrating strong governance, but it falls short in critical areas such as financial transparency, evidenced by missing financial statements and tax forms. The high program expense ratio suggests that a significant portion of its budget is allocated to its programs.
Despite its strengths in governance, the nonprofit has notable limitations that hinder its overall rating. The absence of key policies, including a whistleblower policy and a document retention policy, raises concerns about its operational practices. Additionally, the high liabilities to assets ratio could indicate financial instability, which may affect its long-term sustainability.
To improve its rating, Knickerbocker Music Center Inc would benefit from enhancing its financial transparency and implementing missing policies. Addressing these issues could not only elevate its Charity Navigator score but also build greater trust with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Knickerbocker Music Center Inc legitimate?
Knickerbocker Music Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Knickerbocker Music Center 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: $77,634
Professional Fundraising Fees: $0
Other Salaries and Wages: $144,080
For more financial information, click here
What is the mission statement of Knickerbocker Music Center Inc?
The Knickerbocker Music Center Inc's mission is centered around preserving, celebrating, cultivating, and expanding the unique style of blues music, which originated in Westerly, Rhode Island. They aim to achieve this by functioning as an exciting regional performance venue and an exceptional center for music education. The center presents music performances by renowned blues artists and culturally significant musicians, offering master classes, talk-back sessions, lectures, and group jams to its students. By collaborating with its sister organization, the United Theatre, the center facilitates centralized programming, marketing, and the coordination of physical space, creating a multi-venue regional campus for the arts. Since 2014, the Rhode Island Philharmonic Orchestra & Music School has partnered with the Knickerbocker Music Center, engaging over 5,000 students in the Westerly and Chariho school districts, and providing an educational learning center for over 300 weekly lessons, classes, and ensemble students of the Philharmonic Music School.
Who is the CEO of Knickerbocker Music Center Inc?
Nicholas C Moore is the Chairman/Vice President of Knickerbocker Music Center Inc.
What is the revenue of Knickerbocker Music Center Inc?
Knickerbocker Music Center Inc's revenue in 2022 was $612,105.
Who are the executives of Knickerbocker Music Center Inc and what are their salaries?
The average compensation at Knickerbocker Music Center Inc during 2022 was $6,159. There are 36 employees at Knickerbocker Music Center Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $77,635
- Related: $0
- Other: $0
Where can I find the form 990 for Knickerbocker Music Center Inc?
Knickerbocker Music Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Knickerbocker Music Center Inc
Knickerbocker Music Center Inc is committed to preserving, celebrating, cultivating, and growing the distinctive style of blues that originated in Westerly, Rhode Island. This nonprofit organization seeks to expand access to various forms of music by functioning as an engaging regional performance venue and an exceptional center for music education. The Knickerbocker Music Center's mission involves presenting music performances by renowned blues artists and culturally significant musicians. Artists who perform at the center's historic music venue offer master classes, talk-back sessions, lectures, and group jams to students of the Knickerbocker Music Center, enriching their learning experience.
In addition to its performance activities, the Knickerbocker Music Center collaborates with its sister organization, the United Theatre, to create a multi-venue regional campus for the arts. The United Theatre, located nearby, serves as a regional center for the arts and arts education, showcasing world-class performing, visual, and creative arts. Since 2014, the Rhode Island Philharmonic Orchestra & Music School has partnered with the Knickerbocker Music Center, engaging over 5,000 students from the Westerly and CharIho School Districts. Together, the United Theatre and the Knickerbocker Music Center provide an educational learning center for over 300 weekly lessons, classes, and ensemble students of the Philharmonic Music School. This collaboration allows the Knickerbocker Music Center to further its mission of growing and preserving musical talent while expanding access to various music forms for the community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Knickerbocker Music Center Inc has a significant impact on the cultural landscape of Westerly, Rhode Island and beyond. By preserving, celebrating, and cultivating the unique style of blues music that originated in Westerly, the organization not only pays homage to its roots but also expands access to music of all kinds. Serving as a regional performance venue, Knickerbocker Music Center provides a platform for legendary blues artists and other culturally significant musicians to showcase their talents.
Moreover, the center's commitment to music education further amplifies its impact. Through master classes, lectures, group jams, and other educational initiatives, Knickerbocker Music Center offers valuable learning opportunities to its students. By collaborating with the Rhode Island Philharmonic Orchestra & Music School and other partners, the center has engaged thousands of students in music education, enriching the community's artistic experience.
In conjunction with its sister organization, the United Theatre, Knickerbocker Music Center creates a dynamic arts campus that promotes the performing, visual, and creative arts. This collaboration enhances the cultural vibrancy of the region and provides a space for artists to thrive. Overall, Knickerbocker Music Center Inc's multifaceted approach to preserving blues music, expanding access to diverse genres, and promoting music education makes it a key player in enriching the cultural life of Westerly and beyond.
This information is meant to be a general summary of Knickerbocker Music Center 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 2022.
- Investment Income: $241
- Program Service Revenue: $478,654
- Gross Receipts: $612,105
Assets and Liabilities:
- Total Assets: $48,090
- Total Liabilities: $36,374
- Net Assets: $11,716
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PERFORMANCE REVENUES
Revenue
$478,654
Organization Details
Founding Year
2014
Phone
(401) 315-5070Principal Officer
Nicholas C Moore
Main Address
35 RAILROAD AVENUE, WESTERLY, RI, 02891
NTEE Category
Code: A61 - Arts
If you are a representative of Knickerbocker Music Center Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.