Overview
What is Institute For Young Musicians?
The Institute for Young Musicians is a nonprofit organization, dedicated to nurturing and fostering the musical talents of young individuals. They achieve this through their primary activity, which is the establishment and operation of a youth chorale for pre-college students. Beyond this, they also contribute to the community by organizing and hosting humanities and arts events. In essence, the Institute for Young Musicians serves as a platform for the growth and showcase of young musical talents, while enriching the cultural landscape of the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50%, One-Star out of Four Stars
The Institute for Young Musicians has received a low rating of 50% from Charity Navigator, resulting in a One-Star designation. This score is derived solely from the Accountability & Finance category, highlighting significant weaknesses in governance and transparency practices. With no independent board members and missing policies on conflicts of interest and whistleblowing, the organization faces substantial challenges in demonstrating accountability.
Despite these governance issues, the organization does exhibit some financial stability, as evidenced by a liabilities-to-assets ratio of 0.00% and a program expense ratio of 100.00%, indicating that all expenses are directed towards its programs. However, the lack of transparency, such as the absence of a website listed on the tax form and missing financial documents, raises concerns for potential donors regarding the organization's financial oversight.
Overall, while the Institute for Young Musicians shows strength in program spending, the absence of essential governance practices and accountability measures severely impacts its rating and may deter potential supporters. It is crucial for the organization to address these shortcomings to improve its standing and trustworthiness among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Institute For Young Musicians legitimate?
Institute For Young Musicians is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute For Young Musicians 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: $3,100
For more financial information, click here
What is the mission statement of Institute For Young Musicians?
The Institute for Young Musicians' mission is centered around fostering the musical growth of young individuals. This is achieved through the establishment of a youth chorale for pre-college students. Additionally, the institution plays a significant role in providing various humanities and arts events for the wider community. In essence, the Institute for Young Musicians serves to nurture young talents in music and contributes to the cultural enrichment of the community.
Who is the CEO of Institute For Young Musicians?
David Roberson is the Treasurer of Institute For Young Musicians.
What is the revenue of Institute For Young Musicians?
Institute For Young Musicians's revenue in 2022 was $11,180.
Who are the executives of Institute For Young Musicians and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Institute For Young Musicians?
Institute For Young Musicians's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Institute For Young Musicians
The Institute for Young Musicians, a nonprofit organization, is dedicated to inspiring and nurturing the musical talents of young individuals. This institution goes beyond just promoting music; it also contributes to the community by offering a variety of humanities and arts events. At the heart of its mission is the establishment of a youth chorale for pre-college students, providing them with an opportunity to develop their musical abilities. By encouraging these young musicians, the Institute for Young Musicians plays a significant role in enriching the cultural landscape of the community.
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Impact
August, 2024
The Institute For Young Musicians impacts the community by encouraging young musicians to develop their talents through programs like the youth chorale for pre-college students. Additionally, they provide humanities and arts events for the community, fostering a culture of creativity and artistic expression in Owensboro, KY. Their mission is to empower young musicians and enrich the local community through music and artistic endeavors.
This information is meant to be a general summary of Institute For Young Musicians. 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.
- Gross Receipts: $11,180
Assets and Liabilities:
- Total Assets: $15,334
- Total Liabilities: $0
- Net Assets: $15,334
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Organization Details
Principal Officer
David Roberson
Main Address
PO BOX 1714, OWENSBORO, KY, 423021714
NTEE Category
Code: N20Z - Recreation
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