Overview
What is The Key To Change?
The Key To Change is a nonprofit organization situated in Seattle, Washington. Their primary focus is on empowering underprivileged youth through exceptional music instruction. They provide weekly violin and viola lessons for middle and high school students, offering a secure and structured environment for those with working parents. The organization's lessons are affordably priced, allowing a wider range of students to participate. Beyond the lessons, The Key To Change organizes events such as an annual Solo String Festival, guest artist master classes, academic lectures with guest professors, and professional musicians. These events are not only for their resident students but are also made available to the wider community, free of charge. Furthermore, they support their alumni, maintaining an active relationship with them post-graduation. The organization's mission is to inspire these youth, developing them into self-aware leaders through world-class music education.
Official website here: www.keytochangestudio.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Key To Change has received a Three-Star rating from Charity Navigator, with an overall score of 76%. This rating is primarily derived from its accountability and finance practices, reflecting strong governance and transparency. The organization boasts a fully independent board, with 100% of its members meeting independence criteria and a solid financial health ratio, indicating effective resource management.
Strengths of The Key To Change include its robust governance policies, such as having documented conflict of interest and whistleblower policies, as well as proper documentation of board meeting minutes. The charity also demonstrates a good balance of liabilities to assets, ensuring stability in its financial practices. Additionally, a high percentage of program expenses relative to total expenses indicates a focus on direct impact through its initiatives.
However, while the organization performs well in several areas, it received a slightly lower score in program expense ratio, with 65.86%. This suggests that while a significant portion of funds is directed towards programs, there is still room for improvement in maximizing the impact of its spending. Overall, The Key To Change appears to be a well-managed nonprofit with a commitment to accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is The Key To Change legitimate?
The Key To Change is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Key To Change 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: $210,077
For more financial information, click here
Official website here: www.keytochangestudio.org
What is the mission statement of The Key To Change?
The mission of The Key To Change is to inspire underserved youth through world-class music instruction. This organization aims to support their development as self-aware leaders. Their primary activity is offering weekly violin and viola lessons for middle and high school students after school, providing a safe and structured environment for students with working parents. Lessons are offered at below-market rates, making them accessible to a diverse range of students. Besides lessons, The Key To Change hosts annual solo string festivals, guest artist master classes, an academic lecture series, and community outreach performances, all of which are free for other students in the community to attend. Furthermore, the organization provides support for its alumni, who remain active in the program.
Official website here: www.keytochangestudio.org
Who is the CEO of The Key To Change?
Dr Quinton I Morris is the Executive Di of The Key To Change.
Official website here: www.keytochangestudio.org
What is the revenue of The Key To Change?
The Key To Change's revenue in 2023 was $526,952.
Official website here: www.keytochangestudio.org
Who are the executives of The Key To Change and what are their salaries?
The average compensation at The Key To Change during 2023 was $42,015. There are 5 employees at The Key To Change.
Here are 6 key members and their salaries:
- Compensation: $141,666
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.keytochangestudio.org
Where can I find the form 990 for The Key To Change?
The Key To Change's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.keytochangestudio.org
Learn more at the official website: www.keytochangestudio.org
Mission Statement of The Key To Change
The Key to Change, a renowned organization, is dedicated to inspiring underserved youth through world-class music instruction. Its primary goal is to support the development of these young individuals as self-aware leaders. The cornerstone of their program revolves around weekly violin and viola lessons for middle and high school students, offering a safe and structured environment for students with working parents. Lessons are offered at below-market rates, making the program accessible to a more diverse range of students.
In addition to weekly lessons, The Key to Change hosts various events to engage and educate its students and the wider community. These events include an annual Solo String Festival, guest artist master classes, an academic lecture series with guest professors and professionals, and community outreach performances. These events are not exclusive to their residential students but are open to other students in the community, free of charge. Furthermore, The Key to Change provides support for its alumni, allowing them to remain actively involved in the program.
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Impact
July, 2024
The Key To Change's impact lies in its ability to inspire underserved youth through world-class music instruction and support their development as self-aware leaders. By offering weekly violin and viola lessons for middle and high school students in a safe and structured after-school environment, the organization provides valuable opportunities for growth and learning. Additionally, their commitment to offering lessons at below-market rates ensures accessibility to a diverse range of students. Through events like the solo string festival, guest artist master classes, academic lecture series, and community outreach performances, The Key To Change not only nurtures its resident students but also shares its resources with the broader community. By providing ongoing support for alumni who remain active in the program, the organization creates a lasting impact on the lives of young people in Seattle, WA.
This information is meant to be a general summary of The Key To Change. 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: $858
- Program Service Revenue: $73,448
- Gross Receipts: $526,952
Assets and Liabilities:
- Total Assets: $329,807
- Total Liabilities: $70,251
- Net Assets: $259,556
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MUSIC INSTRUCTION TUITION
Revenue
$61,640
SCHOOL PARTNERSHIPS
Revenue
$9,335
INSTRUMENT RENTALS
Revenue
$1,823
SOLO CONTEST FEES
Revenue
$650
Organization Details
Founding Year
2016
Phone
(425) 243-3597Principal Officer
Dr Quinton I Morris
Main Address
PO BOX 16787, SEATTLE, WA, 981160787
Website
www.keytochangestudio.orgNTEE Category
Code: A68 - Arts
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