Overview
What is High Zero Foundation Inc?
High Zero Foundation Inc is a nonprofit organization dedicated to championing experimental improvisational music. Their mission revolves around artistically amplifying, sharing, and preserving these creative performances and related content. They prioritize the artists and their work, ensuring their initiatives are artist-centric and authentic. The foundation operates with this ethos, aiming to elevate and promote the genre of experimental improvised music on a global scale.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%, Zero-Star out of Four Star rating
The High Zero Foundation Inc has received a low rating of 33% from Charity Navigator, indicating significant concerns regarding its financial accountability and overall transparency. This rating is based entirely on the Accountability & Finance beacon, highlighting a lack of adequate program expenses in relation to its financial resources.
While the organization scores well in certain governance aspects, such as having a completely independent board and documentation of board meeting minutes, it struggles with critical financial ratios. Specifically, the program expense ratio is notably low at 35.33%, which points to insufficient spending on its core mission relative to its total expenditures, leading to concerns about its operational effectiveness.
Additionally, the liability to assets ratio stands at 0.00%, which, while seemingly positive, does not offset the overall financial management issues reflected in the low program expense ratio. These factors contribute to the charity's Zero-Star rating, suggesting that potential donors and stakeholders should approach with caution.
This AI summary has been generated from information found on Charity Navigator.
Is High Zero Foundation Inc legitimate?
High Zero Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. High Zero Foundation 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: $0
For more financial information, click here
What is the mission statement of High Zero Foundation Inc?
The High Zero Foundation's mission is centered around promoting experimental improvised music. They achieve this by artistically showcasing, spreading, and documenting the performances and creations of these musicians. Their approach prioritizes the artists and their work, serving as a platform for their artistic expressions in the world of improvised music.
Who is the CEO of High Zero Foundation Inc?
Martin Schmidt is the President of High Zero Foundation Inc.
What is the revenue of High Zero Foundation Inc?
High Zero Foundation Inc's revenue in 2022 was $30,028.
Who are the executives of High Zero Foundation Inc and what are their salaries?
There 4 volunteers at High Zero Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for High Zero Foundation Inc?
High Zero Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of High Zero Foundation Inc
The High Zero Foundation, a nonprofit organization, is dedicated to advocating and advancing experimental improvised music. Their mission is twofold: they artistically champion and showcase these musicians and their creations, and they disseminate their performances and related content widely. This approach ensures that the focus remains on the artists and their innovative works, allowing them to reach a broader audience and gain recognition in the music industry.
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Impact
August, 2024
High Zero Foundation Inc's impact is significant in the field of experimental improvised music. By promoting, disseminating, and documenting performances and content of artists in this genre, the foundation plays a crucial role in elevating and showcasing the creative works of these musicians. Through its artistic approach, the High Zero Foundation ensures that these artists are given a platform to express themselves authentically and gain recognition for their unique creations. This directly contributes to the growth and appreciation of experimental improvised music both within the community and beyond, making a lasting impact on the arts scene in Baltimore and beyond.
This information is meant to be a general summary of High Zero Foundation 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.
- Gross Receipts: $30,028
Assets and Liabilities:
- Total Assets: $49,933
- Total Liabilities: $0
- Net Assets: $49,933
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Organization Details
Founding Year
2001
Phone
(410) 948-7283Principal Officer
Martin Schmidt
Main Address
3618 Falls Road, Baltimore, MD, 21211
NTEE Category
Code: A61 - Arts
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