Overview
What is The Academy Of Music?
The Academy of Music is a nonprofit organization situated in Norfolk, Virginia. Its primary mission is to make the delight and advantages of music learning accessible to the residents of Hampton Roads, irrespective of their financial capabilities. They accomplish this objective by offering individual instruction through one-on-one lessons, mainly utilizing spaces in local churches. During the last school year, their faculty taught approximately 6,500 hours of private lessons, with around 2,000 hours (approximately 30%) provided free of charge. This generosity was made possible by the Academy awarding nearly 108,500 dollars in scholarships, benefiting one in every three students receiving private lessons. The Academy's team comprises 40 dedicated individuals.
Official website here: www.aomva.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star Rating)
The Academy Of Music has earned an 88% rating from Charity Navigator, reflecting a strong performance in accountability and finance. This score is based entirely on a single beacon score, which indicates that the organization adheres well to financial best practices. The organization demonstrates a commitment to transparency, having a fully independent board and meeting high standards regarding financial oversight and program expense ratios.
Strengths of The Academy Of Music include the outstanding governance practices, such as having no material diversion of assets and a high program expense ratio of 85.71%. The organization has a comprehensive audit and oversight committee, which contributes to its strong financial health. Additionally, the presence of a conflict of interest policy and proper documentation of board meeting minutes further enhances its accountability.
However, some limitations are noted in the governance framework, specifically the absence of a whistleblower policy and document retention and destruction policy, which are essential for ensuring comprehensive governance practices. While these missing elements do not significantly detract from the overall rating, addressing them could further strengthen the organization's accountability framework.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Academy Of Music?
The Academy of Music has received a couple of reviews on Facebook, highlighting the strengths of its faculty. Both reviewers emphasize the excellence and talent present among the instructors, indicating a positive experience with the teaching staff.
Although the number of reviews is limited and the nonprofit has not yet accumulated an overall rating, the strong praise for the faculty suggests that users find the educational offerings to be of high quality. The emphasis on talent among the instructors points to a commitment to delivering a strong educational experience.
In essence, The Academy of Music appears to deliver on its promise of providing exceptional instruction, leading to a favorable impression from those who have engaged with the program.
This AI summary has been generated from reviews found on Facebook.
Is The Academy Of Music legitimate?
The Academy Of Music is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Academy Of Music 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: $113,014
Professional Fundraising Fees: $0
Other Salaries and Wages: $376,473
For more financial information, click here
Official website here: www.aomva.org
What is the mission statement of The Academy Of Music?
The Academy of Music's mission is to extend the pleasure and advantages of musical education to the residents of the area, irrespective of their financial capabilities. They achieve this by offering individual lessons to both children and adults. Their faculty instructs around 6,500 hours of private lessons annually, with approximately one-third of these lessons provided free of charge. This is made possible through the distribution of scholarships, with each third student receiving financial aid for their lessons.
Official website here: www.aomva.org
Who is the CEO of The Academy Of Music?
John Dixon is the President of The Academy Of Music.
Official website here: www.aomva.org
What is the revenue of The Academy Of Music?
The Academy Of Music's revenue in 2023 was $672,723.
Official website here: www.aomva.org
Who are the executives of The Academy Of Music and what are their salaries?
The average compensation at The Academy Of Music during 2023 was $12,237. There are 40 employees and 20 volunteers at The Academy Of Music.
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- Compensation: $113,014
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Official website here: www.aomva.org
Where can I find the form 990 for The Academy Of Music?
The Academy Of Music's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.aomva.org
Learn more at the official website: www.aomva.org
Mission Statement of The Academy Of Music
The Academy of Music is committed to spreading the joy and benefits of learning music to the residents of Hampton Roads, regardless of their ability to pay. This nonprofit organization achieves this mission by offering individual instruction to both children and adults through one-on-one lessons. While the lessons primarily take place in local churches, the Academy's faculty taught a substantial 6,500 hours of private lessons last year.
One of the significant aspects of The Academy of Music's mission is its dedication to making music education accessible to all. This commitment is reflected in the fact that about 30% of the total lesson hours, amounting to 2,000 hours, were provided completely free of charge. To support this initiative, the Academy awarded nearly 108,500 dollars in scholarships, which were shared among one in every three students receiving private lessons. This generous scholarship program allows many individuals in the community to experience the joys of learning music, regardless of their financial situation.
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Impact
July, 2024
The Academy Of Music's impact lies in its mission to bring the joys and benefits of learning music to the residents of Hampton Roads, regardless of their ability to pay. Through individual instruction provided to children and adults via one-on-one lessons mainly held in local churches, the Academy has made a significant difference in the community. In the last school year alone, the faculty taught around 6,500 hours of private lessons, with approximately 30% of those hours (about 2,000 hours) provided free of charge through scholarships totaling nearly $108,500. This commitment to affordability and accessibility has enabled one in every three students to have the opportunity for private music lessons, making a positive impact on the cultural and educational landscape of Norfolk, VA.
This information is meant to be a general summary of The Academy Of Music. 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 2023.
- Investment Income: $6,900
- Program Service Revenue: $244,880
- Gross Receipts: $672,723
Assets and Liabilities:
- Total Assets: $1,823,934
- Total Liabilities: $4,396
- Net Assets: $1,819,538
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION & FEES
Revenue
$351,551
CONTRACTED SERVICES
Revenue
$5,000
LESS SCHOLARSHIPS
Revenue
-$111,671
Organization Details
Founding Year
1996
Phone
(757) 627-0967Principal Officer
John Dixon
Main Address
PO BOX 11146, NORFOLK, VA, 23517
Website
www.aomva.orgNTEE Category
Code: B90Z - Education
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