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Institute Of Musical Traditions Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521737962 ✦ Silver spring, MD ✦ Designated as a 501(c)(3)

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Overview

What is Institute Of Musical Traditions Inc?

The Institute of Musical Traditions Inc, situated in Silver Spring, MD, is a dedicated nonprofit organization that champions folk music. They achieve this through various mediums, including live concerts, open mic sessions, and online events. In 2021 alone, they showcased 170 musicians, attracting an audience of 8092. Furthermore, they produced the acclaimed musical film, All Wigged Out, featuring Grammy-winning artists Cathy Fink and Marcy Marxer. The organization's mission extends beyond performances, as they also offer video instruction for music enthusiasts.


Official website here: www.imtfolk.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: Not Available

The Institute of Musical Traditions Inc (IMT) has received positive feedback from volunteers, indicating a strong community spirit and engagement. A volunteer praised the organization for its welcoming atmosphere and the growth of its volunteer corps, highlighting the diverse tasks they undertake to support IMT's mission of promoting traditional music.

IMT is recognized for its affordable and high-quality musical events that feature a variety of traditional music forms, including vocal, instrumental, dance, and storytelling. The organization often collaborates with artists who offer workshops, enriching the cultural experience for attendees. Their concerts are held at various venues in Montgomery County and Washington, D.C., making them accessible to a broad audience.

While the organization excels in community involvement and cultural offerings, the lack of a dedicated venue may pose challenges in consistency and stability for its events. Overall, IMT is appreciated for its contributions to the arts and community engagement but may face limitations due to its operational model.


This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.

What do the Facebook reviews say about Institute Of Musical Traditions Inc?

96% of 19 reviewers on Facebook recommend this charity. Here is a summary of their reviews:

Many users appreciate the warm and inviting atmosphere created by the Institute Of Musical Traditions Inc. They highlight the dedication of the organization in showcasing folk music, noting that such performances are essential for preserving these traditional art forms. Reviewers feel fortunate to have access to a diverse range of artists and events, which they believe enriches the cultural landscape of the Washington, DC area.

Overall, the sentiment towards the Institute Of Musical Traditions Inc is highly positive, with attendees expressing gratitude for the opportunity to engage with folk music that might otherwise be difficult to find. The community spirit and commitment to supporting musical traditions are frequently commended, reflecting a strong appreciation for what the nonprofit brings to its audience.


This AI summary has been generated from reviews found on Facebook.

Is Institute Of Musical Traditions Inc legitimate?

Institute Of Musical Traditions Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute Of Musical Traditions Inc submitted a form 990EZ, 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.


Official website here: www.imtfolk.org

What is the mission statement of Institute Of Musical Traditions Inc?

The Institute of Musical Traditions Inc, in its mission, strives to promote and showcase folk music. This is achieved through a variety of means, including live concerts and online performances, open mic sessions, and educational videos. In 2021, they featured 170 musicians and attracted a total audience of 8092. The organization also produced the film "All Wigged Out," featuring professional musicians. The Institute of Musical Traditions aims to preserve and celebrate diverse musical traditions, providing a platform for both established and emerging artists.


Official website here: www.imtfolk.org

Who is the CEO of Institute Of Musical Traditions Inc?

David Richardson is the President of Institute Of Musical Traditions Inc.


Official website here: www.imtfolk.org

What is the revenue of Institute Of Musical Traditions Inc?

Institute Of Musical Traditions Inc's revenue in 2022 was $60,526.


Official website here: www.imtfolk.org

Who are the executives of Institute Of Musical Traditions Inc and what are their salaries?


Here are 5 key members and their salaries:


David Richardson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Eisner (Vice President & Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arthur Shaw (Treasure)
  • Compensation: $0
  • Related: $0
  • Other: $0
Loralyn Coles (Assistant Executive Director)
  • Compensation: $14,050
  • Related: $0
  • Other: $0
Robert Hinkal (Publicist/Webmaster/Open Mic Host)
  • Compensation: $4,687
  • Related: $0
  • Other: $0


Official website here: www.imtfolk.org

Where can I find the form 990EZ for Institute Of Musical Traditions Inc?

Institute Of Musical Traditions Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.imtfolk.org

Learn more at the official website: www.imtfolk.org

Mission Statement of Institute Of Musical Traditions Inc

The Institute of Musical Traditions is dedicated to celebrating and advancing folk music. This nonprofit organization accomplishes this mission through various means, including hosting concerts, organizing open mic performances, and providing video instruction. In 2021 alone, they showcased 170 musicians and attracted an audience of 8092 attendees. Beyond live events, the Institute has also produced a professionally crafted musical film titled "All Wigged Out," featuring Grammy winners Cathy Fink and Marcy Marxer. By promoting and presenting folk music in these ways, the Institute of Musical Traditions aims to share the richness and diversity of this musical tradition with a wider audience.

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Impact




August, 2024

Institute of Musical Traditions Inc has a significant impact in promoting and preserving folk music through its diverse range of activities. By presenting 170 musicians and attracting 8092 attendees in 2021, the organization has effectively showcased the rich tapestry of folk music to a wide audience. Additionally, the production of the musical film "All Wigged Out", featuring Grammy-winning artists Cathy Fink and Marcy Marxer, demonstrates their commitment to creating high-quality and engaging content in the folk music genre. Overall, Institute of Musical Traditions Inc plays a crucial role in fostering appreciation for folk music both locally in Silver Spring, MD, and beyond.




This information is meant to be a general summary of Institute Of Musical Traditions 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.

Revenue
$60,526 (2022)
Expenses
$66,145 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,163
  • Program Service Revenue: $33,793
  • Gross Receipts: $60,526

Assets and Liabilities:

  • Total Assets: $89,855
  • Total Liabilities: $0
  • Net Assets: $89,855

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Organization Details

Principal Officer

David Richardson

Main Address

10332 Parkman Road, Silver Spring, MD, 20903

NTEE Category

Code: A99 - Arts

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