Overview
What is National Federation Of Music Clubs Ms Suzanne Carpenter?
The National Federation of Music Clubs, led by Ms. Suzanne Carpenter, is a nonprofit organization established in 1898 with a mission to foster collaborative relationships with various musical clubs, organizations, and individuals. Their primary goal is to promote and enhance musical education and development while upholding high musical standards. Based in Gainesville, Florida, the Federation's activities are geared towards supporting and nurturing American music and musicians. With a small workforce of only two individuals, the organization continues to contribute to the musical landscape in the United States.
Official website here: www.nfmc-music.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating.
The National Federation of Music Clubs has received a low overall rating of 52%, indicating significant concerns regarding its financial health and accountability. While the organization benefits from a fully independent board, consistent documentation of board meeting minutes, and a solid audit for financial statements, these strengths do not compensate for its poor performance in key financial ratios.
The organization has a concerning program expense ratio of only 43.02%, suggesting that a majority of its funds may not be directed towards its intended programs. Additionally, a critical area of concern is the lack of posting its tax form on the nonprofit's website, which impacts transparency and accessibility of information for stakeholders. The liabilities to assets ratio is also notably low at 0.00%, indicating potential issues with financial sustainability.
Overall, while the National Federation of Music Clubs demonstrates some strong governance practices, its financial management and commitment to transparency may require significant improvement to enhance its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is National Federation Of Music Clubs Ms Suzanne Carpenter legitimate?
National Federation Of Music Clubs Ms Suzanne Carpenter is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Federation Of Music Clubs Ms Suzanne Carpenter 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: $119,802
For more financial information, click here
Official website here: www.nfmc-music.org
What is the mission statement of National Federation Of Music Clubs Ms Suzanne Carpenter?
The National Federation of Music Clubs, without specifying Ms. Suzanne Carpenter, has a mission to support and foster the growth of American music and musicians. Established in 1898, its primary objective is to establish collaborative relationships with musical clubs, organizations, and individuals. This collaboration aims to promote musical education and development while maintaining high musical standards. The Federation's mission is geared towards encouraging and supporting musical development in the United States.
Official website here: www.nfmc-music.org
Who is the CEO of National Federation Of Music Clubs Ms Suzanne Carpenter?
Suzanne Carpenter is the President of National Federation Of Music Clubs Ms Suzanne Carpenter.
Official website here: www.nfmc-music.org
What is the revenue of National Federation Of Music Clubs Ms Suzanne Carpenter?
National Federation Of Music Clubs Ms Suzanne Carpenter's revenue in 2022 was $1,337,896.
Official website here: www.nfmc-music.org
Who are the executives of National Federation Of Music Clubs Ms Suzanne Carpenter and what are their salaries?
The average compensation at National Federation Of Music Clubs Ms Suzanne Carpenter during 2022 was $59,901. There are 2 employees at National Federation Of Music Clubs Ms Suzanne Carpenter.
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Official website here: www.nfmc-music.org
Where can I find the form 990 for National Federation Of Music Clubs Ms Suzanne Carpenter?
National Federation Of Music Clubs Ms Suzanne Carpenter's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nfmc-music.org
Learn more at the official website: www.nfmc-music.org
Mission Statement of National Federation Of Music Clubs Ms Suzanne Carpenter
The National Federation of Music Clubs, led by Ms. Suzanne Carpenter, is committed to a mission that supports and cultivates American music and musicians. Established in 1898, its primary objective is to foster collaborative relationships with musical clubs, organizations, and individuals. The Federation aims to promote musical education and development, thereby maintaining and upholding high musical standards. This nonprofit organization's mission is geared towards nurturing the growth of musicians and the preservation of American music.
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Impact
July, 2024
Ms. Suzanne Carpenter's impact within the National Federation of Music Clubs lies in her dedication to supporting and developing American music and musicians. Through her work, she aids in maintaining high musical standards and fostering musical education and development. Ms. Carpenter plays a vital role in establishing working relationships with musical clubs, organizations, and individuals to further the mission of the Federation. Her efforts contribute to the growth and promotion of American music and help nurture the talents of musicians across the nation.
This information is meant to be a general summary of National Federation Of Music Clubs Ms Suzanne Carpenter. 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: $895,435
- Program Service Revenue: $356,004
- Gross Receipts: $3,120,816
Assets and Liabilities:
- Total Assets: $14,315,760
- Total Liabilities: $0
- Net Assets: $14,315,760
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES & ASSESSMENTS
Revenue
$174,104
PROGRAM SERVICES REVENUE
Revenue
$137,412
PUBLICATIONS
Revenue
$44,488
Organization Details
Founding Year
1898
Phone
(317) 882-4003Principal Officer
Suzanne Carpenter
Main Address
PO BOX 357275, GAINESVILLE, FL, 32635
Website
www.nfmc-music.orgNTEE Category
Code: A036 - Arts
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