Overview
What is Center Of Musical Studies Inc?
Center of Musical Studies Inc, based in Silver Spring, Maryland, is a nonprofit organization dedicated to advancing musical education and fostering scientific research in the field of music and performing arts. They achieve this by organizing an annual summer music festival and institute on the Amalfi Coast, Italy. During this event, participants register and pay tuition for private instruction, immersing themselves in a full-time learning environment while also engaging in group workshops and master classes. The festival, which has been running since 1997, with brief interruptions due to the COVID-19 pandemic, is a platform for musicians and performers to enhance their skills and careers. With a small team of two dedicated individuals, Center of Musical Studies Inc plays a significant role in supporting the artistic community and nurturing talent in the world of music.
Official website here: www.amalfi-festival.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (69%)
Center Of Musical Studies Inc has received a two-star rating from Charity Navigator, indicating that while there are some strengths in the organization, overall improvement is needed. The organization boasts an impressive Accountability & Finance score of 100%, highlighting its effective oversight. Notably, it has a strong independent board comprising 77% independent members, which is a positive indicator of governance and transparency.
However, the nonprofit faces significant limitations with missing policies that are crucial for governance, including a conflict of interest policy and a whistleblower policy. Additionally, the organization has not posted its financial statements or tax forms on its website, which could hinder transparency and stakeholder trust. While it maintains a low liabilities to assets ratio and a high program expense ratio, the absence of essential documentation is concerning.
The nonprofit's financial health appears solid with a program expense ratio of 75.33%, indicating that a significant portion of its funds is directed toward its mission-related activities. Nevertheless, the critical shortcomings in governance practices and document availability suggest that improvements are necessary for the organization to enhance its effectiveness and credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Center Of Musical Studies Inc?
92% of 17 reviewers on Facebook recommend Center Of Musical Studies Inc. Here is a summary of their reviews:
Many participants appreciate the immersive nature of the educational experience, highlighting the intense musical festival set against the stunning backdrop of the Amalfi Coast. Reviewers note that the program is particularly beneficial for serious musicians, providing both intensive training and nightly performances that enhance their learning.
Overall, the organization appears to effectively deliver a unique and enriching musical experience, leaving attendees highly satisfied and eager to recommend it to others interested in advancing their musical skills.
This AI summary has been generated from reviews found on Facebook.
Is Center Of Musical Studies Inc legitimate?
Center Of Musical Studies Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center Of Musical Studies 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: $141,942
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.amalfi-festival.org
What is the mission statement of Center Of Musical Studies Inc?
The Center of Musical Studies Inc is dedicated to enhancing musical education and supporting scientific research related to music and the performing arts. This is achieved by aiding musicians and performers in their career development and safeguarding their health. The organization conducts an annual summer music festival and institute, where participants pay tuition for private instruction in a full-immersion setting, while also engaging in group workshops and masterclasses. The festival has been held every year since 1997, except for 2020 and 2021 due to the COVID-19 pandemic.
Official website here: www.amalfi-festival.org
Who is the CEO of Center Of Musical Studies Inc?
Alexander Katsnelson is the President of Center Of Musical Studies Inc.
Official website here: www.amalfi-festival.org
What is the revenue of Center Of Musical Studies Inc?
Center Of Musical Studies Inc's revenue in 2022 was $630,871.
Official website here: www.amalfi-festival.org
Who are the executives of Center Of Musical Studies Inc and what are their salaries?
The average compensation at Center Of Musical Studies Inc during 2022 was $70,971. There are 2 employees and 7 volunteers at Center Of Musical Studies Inc.
Here are 9 key members and their salaries:
- Compensation: $85,865
- Related: $0
- Other: $26,000
- Compensation: $56,077
- Related: $0
- Other: $29,650
- 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.amalfi-festival.org
Where can I find the form 990 for Center Of Musical Studies Inc?
Center Of Musical Studies Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.amalfi-festival.org
Learn more at the official website: www.amalfi-festival.org
Mission Statement of Center Of Musical Studies Inc
The Center of Musical Studies Inc is dedicated to enhancing musical education and fostering scientific research related to music and the performing arts. To achieve this mission, the organization focuses on supporting musicians and performers in their career development and safeguarding their health. One of the ways Center of Musical Studies Inc accomplishes this is by organizing and conducting an annual summer music festival and institute in Italy. This event offers intensive study sessions for registered students, who pay tuition for private instruction in a full-immersion format. Alongside individual coaching, participants engage in group workshops and master classes, fostering a collaborative learning environment. The festival, which has been held every year since 1997, except for 2020 and 2021 due to the COVID-19 pandemic, serves as a platform for musicians to hone their skills and connect with their peers in the field. By prioritizing the growth and wellbeing of musicians, Center of Musical Studies Inc contributes to the broader musical community, fostering innovation and excellence in the world of music and performing arts.
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Impact
July, 2024
Center Of Musical Studies Inc's impact is profound in the music education field, particularly through their annual Summer Music Festival on the Amalfi Coast, Italy known as ACME Festival. This festival provides students with a unique opportunity to immerse themselves in an intensive study session with private instruction. By offering a platform for aspiring musicians to enhance their skills and network with industry professionals, Center Of Musical Studies Inc is helping nurture the next generation of musical talent. The organization's commitment to fostering artistic growth and innovation contributes significantly to the cultural landscape of the music industry.
This information is meant to be a general summary of Center Of Musical Studies 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 2022.
- Investment Income: $2,796
- Program Service Revenue: $627,236
- Gross Receipts: $630,871
Assets and Liabilities:
- Total Assets: $209,070
- Total Liabilities: $13,743
- Net Assets: $195,327
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FESTIVAL REGISTRATIONS AND FEES
Revenue
$627,236
Organization Details
Founding Year
1997
Phone
(301) 587-7848Principal Officer
Alexander Katsnelson
Main Address
724 CHESAPEAKE AVENUE, SILVER SPRING, MD, 209105206
Website
www.amalfi-festival.orgNTEE Category
Code: A67P - Arts
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