Overview
What is Old Time Music Group Inc?
Old Time Music Group Inc, situated in Durham, North Carolina, is a 501(c)(3) nonprofit organization with a profound dedication to preserving and enlightening the public about the rich heritage of Old Time Music. Their primary objective revolves around conserving this historical music genre and spreading awareness about its significance. The group's mission is multifaceted, encompassing both preservation and education, making Old Time Music Group an invaluable resource for enthusiasts and history buffs alike.
Official website here: www.oldtimeherald.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
Old Time Music Group Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The overall score is based entirely on its accountability and finance metrics, with a strong emphasis on its independent board composition and lack of material asset diversion. The organization has a high percentage of independent board members, reflecting good governance practices.
Strengths of the organization include its high program expense ratio of approximately 88%, which suggests that a significant portion of its funding is directed toward its mission-related activities. Additionally, the charity has demonstrated excellent oversight with no liabilities relative to its assets, further indicating financial stability. However, there are notable limitations, particularly in the area of governance policies, as it lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy.
Overall, while Old Time Music Group Inc shows strong financial metrics and responsible board governance, the absence of key policies may present risks related to transparency and accountability in its operations. Continued focus on developing these governance frameworks could enhance its overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Old Time Music Group Inc legitimate?
Old Time Music Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old Time Music Group 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,738
For more financial information, click here
Official website here: www.oldtimeherald.org
What is the mission statement of Old Time Music Group Inc?
The Old Time Music Group Inc, as a 501(c)(3) nonprofit organization, is committed to preserving and disseminating knowledge about Old Time Music. Their primary mission is to educate the public about this musical genre, fostering an appreciation and understanding of its rich history and cultural significance. The group strives to maintain the tradition of Old Time Music and share its essence with a wider audience, contributing to its continued relevance and enjoyment.
Official website here: www.oldtimeherald.org
Who is the CEO of Old Time Music Group Inc?
Sarah Bryan is the Director of Old Time Music Group Inc.
Official website here: www.oldtimeherald.org
What is the revenue of Old Time Music Group Inc?
Old Time Music Group Inc's revenue in 2020 was $32,698.
Official website here: www.oldtimeherald.org
Who are the executives of Old Time Music Group Inc and what are their salaries?
The average compensation at Old Time Music Group Inc during 2020 was $5,369. There are 2 employees at Old Time Music Group Inc.
Here are 5 key members and their salaries:
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Official website here: www.oldtimeherald.org
Where can I find the form 990 for Old Time Music Group Inc?
Old Time Music Group Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.oldtimeherald.org
Learn more at the official website: www.oldtimeherald.org
Mission Statement of Old Time Music Group Inc
Old Time Music Group, a 501(c)(3) organization, is committed to preserving and educating the public about Old Time Music. Its mission is to safeguard this traditional art form and share its rich history with a wider audience. By undertaking various initiatives, Old Time Music Group aims to keep the tradition alive and ensure that future generations can appreciate and enjoy it. The organization's efforts are focused on both preserving and promoting Old Time Music, making it accessible to all.
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Impact
August, 2024
Old Time Music Group Inc has made a significant impact by preserving and educating the public on old time music. Through their activities and initiatives, they have not only helped to keep this traditional music genre alive but also fostered a greater understanding and appreciation for its cultural significance. Their work has contributed to the preservation of a rich musical heritage and has provided opportunities for individuals to engage with and learn from this unique art form. Overall, Old Time Music Group Inc's efforts have played a vital role in ensuring that old time music continues to be celebrated and shared with audiences both now and in the future.
This information is meant to be a general summary of Old Time Music Group 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 2020.
- Program Service Revenue: $4,205
- Gross Receipts: $32,698
Assets and Liabilities:
- Total Assets: $2,822
- Total Liabilities: $0
- Net Assets: $2,822
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBS-1 YEAR
Revenue
$1,703
SUBS-2 YEAR
Revenue
$1,614
ADVERTISING
Revenue
$570
SALES-BACK ISSUES
Revenue
$318
Organization Details
Phone
(919) 286-2041Principal Officer
Sarah Bryan
Main Address
PO BOX 61679, DURHAM, NC, 277151679
Website
www.oldtimeherald.orgNTEE Category
Code: Z99 - Unknown
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