Overview
What is Friday Morning Music Club Foundation Inc?
The Friday Morning Music Club Foundation Inc, located in Washington D.C., is a nonprofit organization that actively promotes musical culture within its membership and the wider community. It is best known for hosting the Washington International Competition, an annual event where young musicians and composers can showcase their talents before a panel of qualified judges, and receive cash prizes as recognition for their efforts. The foundation's mission is deeply rooted in nurturing and celebrating musical talents, contributing positively to the local music scene and inspiring future generations. The organization's headquarters can be found at 755 8th Street NW, Washington D.C. 20001.
Official website here: www.fmmcfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Friday Morning Music Club Foundation Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial integrity. The organization achieved a perfect score in several key areas, including having a fully independent board and maintaining no material diversion of assets. This high rating indicates that the foundation is effectively managing its resources and adhering to best practices in governance.
The organization demonstrates a solid fiscal responsibility, with a program expense ratio of 75.86%. This suggests that a significant portion of its funds is directed towards its mission and programs, rather than administrative costs. Additionally, the foundation has implemented various policies, such as conflict of interest and whistleblower protections, contributing to its transparency and ethical management.
While the ratings highlight numerous strengths, prospective donors may want to consider how the foundation's specific programs and activities align with their philanthropic goals, as the summary primarily focuses on financial metrics and governance practices. Overall, the Friday Morning Music Club Foundation Inc appears to be a well-managed nonprofit with a strong track record in accountability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Friday Morning Music Club Foundation Inc?
Though Friday Morning Music Club Foundation Inc currently has only two reviews, there is a positive sentiment emerging from the available feedback. One reviewer particularly admired a solo performance, highlighting the beauty of the piece and congratulating the artist. This indicates an appreciation for the musical talent and presentations facilitated by the nonprofit.
The limited reviews suggest a promising start, with at least one user recommending the organization. Overall, it seems that the foundation is on the right track, fostering an environment that resonates with its audience through the arts. As more users share their experiences, it will be interesting to see how the organization continues to engage and inspire its community.
This AI summary has been generated from reviews found on Facebook.
Is Friday Morning Music Club Foundation Inc legitimate?
Friday Morning Music Club Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friday Morning Music Club 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: $10,963
For more financial information, click here
Official website here: www.fmmcfoundation.org
What is the mission statement of Friday Morning Music Club Foundation Inc?
The Friday Morning Music Club Foundation Inc's mission is centered around fostering musical culture. This is achieved by engaging both its members and the wider community. The organization actively promotes musical growth and appreciation through various means. One of their notable activities is conducting an annual competition, the Washington International Competition, where young musicians and composers are awarded cash prizes after being judged by a panel of qualified professionals. This event serves as a platform to recognize and nurture talented individuals in the field of music.
Official website here: www.fmmcfoundation.org
Who is the CEO of Friday Morning Music Club Foundation Inc?
Grace Mcfarlane is the Director of Friday Morning Music Club Foundation Inc.
Official website here: www.fmmcfoundation.org
What is the revenue of Friday Morning Music Club Foundation Inc?
Friday Morning Music Club Foundation Inc's revenue in 2022 was $157,453.
Official website here: www.fmmcfoundation.org
Who are the executives of Friday Morning Music Club Foundation Inc and what are their salaries?
There 53 volunteers at Friday Morning Music Club Foundation Inc.
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Official website here: www.fmmcfoundation.org
Where can I find the form 990 for Friday Morning Music Club Foundation Inc?
Friday Morning Music Club Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fmmcfoundation.org
Learn more at the official website: www.fmmcfoundation.org
Mission Statement of Friday Morning Music Club Foundation Inc
The Friday Morning Music Club Foundation Inc is committed to advancing musical culture within its membership and the wider community. At the heart of its mission is the organization's annual competition, the Washington International Competition. This event offers young musicians and composers the opportunity to showcase their talents before a panel of qualified judges, with cash prizes awarded to the most exceptional performers. Through this competition, the Friday Morning Music Club Foundation Inc fosters a platform for emerging talent, promoting musical excellence and encouraging artistic growth.
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Impact
October, 2024
Friday Morning Music Club Foundation Inc actively promotes musical culture among its members and the broader community in Washington, DC. One of its significant contributions is the Washington International Competition, an annual event that provides a platform for young musicians and composers to showcase their talents. This competition awards cash prizes to participants, which not only incentivizes artistic excellence but also helps to nurture the next generation of musical talent. Through these activities, the foundation fosters a vibrant musical environment, encouraging participation and appreciation of the arts within the community.
This information is meant to be a general summary of Friday Morning Music Club 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.
- Investment Income: $10,119
- Program Service Revenue: $58,790
- Gross Receipts: $198,776
Assets and Liabilities:
- Total Assets: $679,066
- Total Liabilities: $40,163
- Net Assets: $638,903
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$58,790
Organization Details
Founding Year
1948
Phone
(703) 370-2167Principal Officer
Grace Mcfarlane
Main Address
755 8TH STREET NW, WASHINGTON, DC, 20001
Website
www.fmmcfoundation.orgNTEE Category
Code: A68I - Arts
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