Overview
What is The Murray Dranoff Foundation?
The Murray Dranoff Foundation, located in Miami, Florida, is a compact nonprofit organization with a dedicated team of two individuals. Their primary mission revolves around the cultural advancement of piano by organizing various special and cultural events throughout the year. This nonprofit's activities are focused on promoting piano-related events, contributing to the world of music and culture. The specifics of their events and programs are not specified in the provided information, but it can be inferred that they aim to enrich and educate the public through their piano-centric events.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, earning it a Two-Star out of Four Star rating. The Murray Dranoff Foundation has shown strengths in its governance structure, boasting a fully independent board with no material diversion of assets. The organization has established a conflict of interest policy and maintains proper documentation of board meeting minutes, indicating a commitment to transparency.
However, the foundation's overall score is tempered by some significant weaknesses. Notably, it lacks a whistleblower policy and a document retention and destruction policy, which are important for ensuring ethical practices within the organization. Additionally, the liabilities to assets ratio is concerning at 310.42%, suggesting potential financial instability.
On a positive note, the foundation allocates a strong 73.08% of its expenses directly to its programs, reflecting a commitment to its mission. While the organization demonstrates solid governance in some areas, addressing the identified weaknesses will be crucial for improving its rating and fostering greater trust among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Murray Dranoff Foundation legitimate?
The Murray Dranoff Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Murray Dranoff Foundation 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: $94,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $45,392
For more financial information, click here
What is the mission statement of The Murray Dranoff Foundation?
The Murray Dranoff Foundation is dedicated to advancing the cultural aspect of piano music. They achieve this by organizing and hosting a series of special events throughout the year. These events serve to promote and celebrate the art of piano playing, thereby contributing to its cultural growth. The foundation's activities are centered around these events, aiming to engage and inspire both piano enthusiasts and novices alike.
What is the revenue of The Murray Dranoff Foundation?
The Murray Dranoff Foundation's revenue in 2024 was $512,287.
Who are the executives of The Murray Dranoff Foundation and what are their salaries?
The average compensation at The Murray Dranoff Foundation during 2024 was $69,696. There are 2 employees at The Murray Dranoff Foundation.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 The Murray Dranoff Foundation?
The Murray Dranoff Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Murray Dranoff Foundation
The Murray Dranoff Foundation, a notable entity, is dedicated to the cultural advancement of piano through the organization of special events. With a mission deeply rooted in this purpose, the foundation strives to foster a passion for piano music and its appreciation by hosting various cultural events throughout the year. These events serve to showcase the artistry and skill of pianists, providing a platform for both established and emerging talent to share their musical journey with audiences. By doing so, The Murray Dranoff Foundation contributes to the ongoing evolution and celebration of piano music, preserving its rich history and encouraging its continued growth in the cultural landscape.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Murray Dranoff Foundation has made a significant impact in advancing piano culture through its various special events held throughout the year. Based in Miami, Florida, the foundation has successfully promoted and celebrated the arts, particularly the piano, through its cultural events. With a focus on enhancing the appreciation and understanding of piano music, the foundation's efforts have contributed to the enrichment of the local and global music community.
This information is meant to be a general summary of The Murray Dranoff Foundation. 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 2024.
- Program Service Revenue: $37,659
- Gross Receipts: $512,287
Assets and Liabilities:
- Total Assets: $113,787
- Total Liabilities: $55,602
- Net Assets: $58,185
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$37,659
Organization Details
Principal Officer
Emily Cardenas
NTEE Category
Code: A68 - Arts
If you are a representative of The Murray Dranoff Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.