Overview
What is Nmpa Songs Foundation?
The Nmpa Songs Foundation, situated in Washington D.C., is a nonprofit organization dedicated to empowering songwriters. Their mission involves providing financial assistance, educational programs, and services to foster growth in the music creation sector. In partnership with organizations like H&R Block, they offer free tax preparation services to songwriters in key areas such as Nashville and Los Angeles. Furthermore, they offer the WeConnect Health wellness and recovery app at no cost to all songwriters. The foundation's endowment at Belmont University continues to grow, and it supports initiatives like She Is The Music. Overall, the Nmpa Songs Foundation aims to enhance opportunities for music creators by collaborating with like-minded institutions.
Official website here: www.songsfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43%, Zero-Star out of Four Star Rating
The Nmpa Songs Foundation has received a low rating of 43%, translating to a Zero-Star rating, which indicates significant concerns regarding its accountability and financial management practices. The rating is based solely on the Accountability & Finance beacon, reflecting a lack of transparency and governance policies that are crucial for donor confidence.
The organization has demonstrated some strengths, such as having a majority of independent board members and no material diversion of assets, which are positive indicators of governance. However, serious shortcomings are evident, particularly with missing policies such as a whistleblower policy and document retention guidelines, which are essential for maintaining accountability and transparency.
Additionally, the foundation's financial ratios raise concerns; with a program expense ratio of only 49.56% and a liabilities to assets ratio of 9.24%, the effectiveness of its fund allocation appears to be limited. Furthermore, the absence of required documents on its website, like the Tax Form, further diminishes its standing as a trustworthy organization. Potential donors should proceed with caution and consider these factors before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Nmpa Songs Foundation legitimate?
Nmpa Songs Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nmpa Songs Foundation 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: $0
For more financial information, click here
Official website here: www.songsfoundation.org
What is the mission statement of Nmpa Songs Foundation?
The Nmpa Songs Foundation's mission is to support songwriters by providing funding for educational programs, offering direct financial assistance and services, and forming partnerships with like-minded institutions and organizations. This endeavor aims to enhance opportunities for music creators, enabling them to pursue their passion more effectively. In the fiscal year 2023, the foundation collaborated with H&R Block to offer free tax preparation services to songwriters in Nashville and Los Angeles. Additionally, the foundation made the WeConnect Health wellness and recovery app available to all songwriters at no cost. The foundation's endowment at Belmont University continued to grow, and it continued to support the She Is The Music initiative.
Official website here: www.songsfoundation.org
Who is the CEO of Nmpa Songs Foundation?
David Israelite is the President of Nmpa Songs Foundation.
Official website here: www.songsfoundation.org
What is the revenue of Nmpa Songs Foundation?
Nmpa Songs Foundation's revenue in 2023 was $196,772.
Official website here: www.songsfoundation.org
Who are the executives of Nmpa Songs Foundation and what are their salaries?
There 5 volunteers at Nmpa Songs Foundation.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- 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.songsfoundation.org
Where can I find the form 990 for Nmpa Songs Foundation?
Nmpa Songs Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.songsfoundation.org
Learn more at the official website: www.songsfoundation.org
Mission Statement of Nmpa Songs Foundation
The Nmpa Songs Foundation, a non-profit organization, is dedicated to supporting songwriters by providing educational programs, direct financial assistance, and services. Their mission is to enhance opportunities for music creators by forming partnerships with like-minded institutions and organizations. By doing so, the foundation aims to empower and enable songwriters to pursue their passion for music.
In practice, the Nmpa Songs Foundation offers grants and direct assistance to songwriters, helping them to overcome financial challenges and focus on their craft. For instance, in the fiscal year 2023, the foundation collaborated with H&R Block to provide free tax preparation services to songwriters residing in Nashville and Los Angeles areas. Additionally, the foundation made the WeConnect Health wellness and recovery app available free of charge to all songwriters, contributing to their overall well-being.
The Nmpa Songs Foundation's endowment at Belmont University continues to grow, and the organization remains committed to supporting initiatives such as She Is The Music. This mission-driven non-profit is working towards gender equality in the music industry, aligning with the broader goals of the Nmpa Songs Foundation to support and empower music creators.
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
October, 2024
Nmpa Songs Foundation significantly impacts the songwriting community by providing essential support to songwriters through funding educational programs, direct financial assistance, and valuable services. By partnering with organizations like H&R Block, the Foundation has facilitated free tax preparation for songwriters in Nashville and Los Angeles, addressing critical financial literacy needs. Additionally, the Foundation has made the WeConnect Health Wellness and Recovery App available at no cost to all songwriters, promoting mental health and wellness within the industry.
The Foundation's commitment to nurturing emerging talent is further reflected in its endowment at Belmont University, which continues to grow, ensuring long-term support for music creators. Furthermore, ongoing support for initiatives such as "She is the Music" highlights its dedication to enhancing opportunities specifically for women songwriters.
In this way, Nmpa Songs Foundation creates a robust ecosystem that empowers songwriters to pursue their passion while equipping them with the necessary resources and support to thrive in a competitive industry.
This information is meant to be a general summary of Nmpa Songs Foundation. 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: $409
- Gross Receipts: $274,830
Assets and Liabilities:
- Total Assets: $936,378
- Total Liabilities: $86,534
- Net Assets: $849,844
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2015
Phone
(202) 393-6672Principal Officer
David Israelite
Main Address
1900 N STREET NW, WASHINGTON, DC, 20036
Website
www.songsfoundation.orgNTEE Category
Code: B82 - Education
If you are a representative of Nmpa Songs Foundation 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.