Overview
What is Lagond Music School Inc?
Lagond Music School Inc, situated in Elmsford, New York, is a nonprofit organization dedicated to fostering musical talent and enriching the community. The school offers comprehensive music instruction, complemented by performances by both students and professional ensembles, providing a platform for emerging musicians. They organize recitals and pre-professional shows throughout the academic year, encompassing fall, spring, and summer semesters. In addition to these, they provide college preparation programs to assist high school students in navigating the application and audition process for higher education. With a team of seven dedicated individuals, Lagond Music School Inc plays a significant role in nurturing and showcasing musical talent in the community.
Official website here: www.lagondmusic.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars, 69%
Lagond Music School Inc has received a two-star rating from Charity Navigator, indicating that it needs improvement in several key areas. The overall score of 69% reflects strengths in program expenses, with a high program expense ratio of 77.64%, showcasing a commitment to its mission. However, the lack of independent board members and a missing conflict of interest policy raises concerns regarding governance and accountability.
The organization scored well in financial statements, indicating no material diversion of assets and a favorable liabilities to assets ratio of 33.85%. However, significant weaknesses were identified, including missing essential policies such as those for conflict of interest, whistleblowers, and document retention, which are vital for transparent governance. Additionally, the absence of independent board members may hinder effective oversight.
Overall, while Lagond Music School Inc demonstrates financial responsibility and a focus on its programs, it faces critical challenges in governance practices that need to be addressed to improve its operational integrity and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Lagond Music School Inc legitimate?
Lagond Music School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lagond Music School 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: $100,875
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lagondmusic.org
What is the mission statement of Lagond Music School Inc?
Lagond Music School Inc aims to provide music education and entertainment for the community. This is accomplished through various recitals and pre-professional performances by students and professional ensembles. The school offers music programs throughout the year, including fall, spring, and summer semesters. Additionally, Lagond Music School Inc provides college preparation programs to assist high school students with the college application and audition process. Overall, the school's mission is to foster a love for music and provide opportunities for both students and the community to engage with it.
Official website here: www.lagondmusic.org
Who is the CEO of Lagond Music School Inc?
Rosanne Lana is the Board Of Directors of Lagond Music School Inc.
Official website here: www.lagondmusic.org
What is the revenue of Lagond Music School Inc?
Lagond Music School Inc's revenue in 2022 was $465,273.
Official website here: www.lagondmusic.org
Who are the executives of Lagond Music School Inc and what are their salaries?
The average compensation at Lagond Music School Inc during 2022 was $14,411. There are 7 employees and 3 volunteers at Lagond Music School Inc.
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- Compensation: $46,209
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- Compensation: $54,666
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Official website here: www.lagondmusic.org
Where can I find the form 990 for Lagond Music School Inc?
Lagond Music School Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lagondmusic.org
Learn more at the official website: www.lagondmusic.org
Mission Statement of Lagond Music School Inc
Lagond Music School Inc is committed to providing music instruction and entertainment for the community. They achieve this through recitals and pre-professional performances by their students as well as professional ensembles. The organization offers music programs throughout the year, including fall, spring, and summer semesters. Beyond music education, Lagond Music School Inc also provides college preparation programs to assist high school students with the college application and audition process. This holistic approach to music education aims to fostercreative talent and prepare young musicians for future academic and professional pursuits.
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Impact
July, 2024
Lagond Music School Inc's impact is evident in the way it provides high-quality music instruction to students, organizes engaging performances for the community, and offers college preparation programs for aspiring musicians. Through recitals, pre-professional performances, and professional ensembles, Lagond Music School not only nurtures musical talent but also enriches the cultural scene in Elmsford, NY. By offering music programs throughout the year and guiding high school students through the college application and audition process, Lagond Music School is shaping the next generation of musicians and contributing to the educational landscape in a meaningful way.
This information is meant to be a general summary of Lagond Music School 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: $2,558
- Program Service Revenue: $173,974
- Gross Receipts: $465,273
Assets and Liabilities:
- Total Assets: $389,787
- Total Liabilities: $99,907
- Net Assets: $289,880
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROG.SERV.REVENUE-RELA
Revenue
$173,974
Organization Details
Founding Year
2004
Phone
(914) 345-0512Principal Officer
Rosanne Lana
Main Address
9 HAVEN STREET, ELMSFORD, NY, 10523
Website
www.lagondmusic.orgNTEE Category
Code: B24 - Education
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