Overview
What is Maryland Conservatory Of Music Inc?
Maryland Conservatory of Music Inc is a nonprofit organization dedicated to providing high-quality music education. Situated in an unspecified location, this institution caters to students' musical interests in various domains, including vocal, instrumental, and composition. They accomplish this through individual and group instruction sessions, ensuring a comprehensive learning experience. Their primary objective is to impart music knowledge, with a focus on delivering top-notch education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating.
The Maryland Conservatory of Music Inc has received a solid rating of 77% from Charity Navigator, reflecting a Three-Star rating primarily based on its accountability and finance. This score is determined by a comprehensive assessment of various governance factors, with a complete focus on accountability, indicating a strong commitment to maintaining financial integrity.
The organization excels in several key areas, including having a fully independent board, with 100% of its members not tied to the organization, which boosts its governance score. Additionally, it has demonstrated no material diversion of assets and adheres to well-defined conflict of interest and whistleblower policies. The conservatory also maintains transparency with documented board meeting minutes, reinforcing its commitment to accountability.
However, while the program expense ratio stands at 56.51%, which indicates that just over half of its expenses are directed towards programs, it falls short of the typical benchmark for nonprofit organizations. This could suggest that there is room for improvement in terms of maximizing resources for direct programmatic activities, which is an important consideration for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Maryland Conservatory Of Music Inc legitimate?
Maryland Conservatory Of Music Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maryland Conservatory Of Music 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: $50,510
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Maryland Conservatory Of Music Inc?
The Maryland Conservatory of Music Inc. is dedicated to providing high-quality music education to its students, focusing on vocal, instrumental, and composition skills. This is accomplished through individual and group instruction, with the mission to foster growth and development in these areas. The conservatory aims to offer a comprehensive learning experience, promoting musical excellence and creativity among its students.
Who is the CEO of Maryland Conservatory Of Music Inc?
Daniel Thompson is the Treasurer of Maryland Conservatory Of Music Inc.
What is the revenue of Maryland Conservatory Of Music Inc?
Maryland Conservatory Of Music Inc's revenue in 2022 was $77,249.
Who are the executives of Maryland Conservatory Of Music Inc and what are their salaries?
The average compensation at Maryland Conservatory Of Music Inc during 2022 was $50,510. There is 1 employee and 15 volunteers at Maryland Conservatory Of Music Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Maryland Conservatory Of Music Inc?
Maryland Conservatory Of Music Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Maryland Conservatory Of Music Inc
Maryland Conservatory of Music, a renowned institution, is dedicated to providing high-quality music education to its students. Their mission encompasses various aspects of music, including vocal, instrumental, and composition. Through individual and group instruction, they strive to foster an environment conducive to nurturing musical talent. The primary objective of this nonprofit organization is to deliver top-tier education in music, ensuring that each student reaches their full potential.
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Impact
August, 2024
Maryland Conservatory Of Music Inc's impact is significant in providing high-quality music education to students in the areas of vocal, instrumental, and composition. Through individual and group instruction, the conservatory helps students develop their musical talents and skills. The conservatory's mission to provide quality education in music enriches the cultural landscape of the community and nurtures the next generation of musicians.
This information is meant to be a general summary of Maryland Conservatory Of Music 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: $4,583
- Program Service Revenue: $43,745
- Gross Receipts: $77,249
Assets and Liabilities:
- Total Assets: $100,746
- Total Liabilities: $953
- Net Assets: $99,793
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION AND FEES
Revenue
$25,825
PERFORMANCES
Revenue
$17,920
Organization Details
Founding Year
2001
Phone
(443) 243-7265Principal Officer
Daniel Thompson
Main Address
1200 E CHURCHVILLE ROAD, BEL AIR, MD, 21014
NTEE Category
Code: A6E - Arts
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