Overview
What is International Bluegrass Music Museu?
The International Bluegrass Music Museum, situated in Owensboro, Kentucky, is a nonprofit organization devoted to celebrating and preserving the rich history of bluegrass music. Their primary mission involves offering museum tours, enabling visitors to delve into the world of bluegrass memorabilia. By educating the public about the genre's origins, the museum aims to foster a deeper appreciation for bluegrass music. In addition, they host various music programs designed to entertain and educate, as well as attract new audiences to the genre. The museum also strives to enhance the image of bluegrass music and contribute to its growth. As part of their community outreach, they provide free tickets to certain events for underprivileged families, students, and senior citizens. With a dedicated team of 33 employees, the International Bluegrass Music Museum plays a significant role in promoting and celebrating bluegrass music.
Official website here: www.bluegrasshall.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69% (Two-Star out of Four Stars)
The International Bluegrass Music Museum has received a Two-Star rating from Charity Navigator, indicating areas for improvement in its accountability and finance practices. While the organization excels in having a fully independent board and maintains a low liabilities to assets ratio, it lacks essential financial documentation, which has significantly impacted its overall score. The high program expense ratio suggests that the majority of its funds are directed toward its programs rather than administrative costs.
Despite the strengths in governance, the absence of key policies such as conflict of interest and whistleblower protections raises concerns about the organization's operational transparency. Furthermore, the missing financial statements and tax forms on its website limit stakeholders' access to vital financial information, which could affect trust and confidence among donors and the public.
In summary, while the International Bluegrass Music Museum demonstrates a commitment to its mission with a strong program expense ratio, it must address its shortcomings in financial transparency and governance policies to enhance its credibility and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is International Bluegrass Music Museu legitimate?
International Bluegrass Music Museu is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Bluegrass Music Museu 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: $671,023
For more financial information, click here
Official website here: www.bluegrasshall.org
What is the mission statement of International Bluegrass Music Museu?
The International Bluegrass Music Museum's mission is centered around providing educational experiences to the general public. By offering museum tours showcasing bluegrass memorabilia, the institution aims to enlighten visitors about the history of bluegrass music. Additionally, the museum provides music programs to educate and entertain, with the intent of expanding the reach of bluegrass music and enhancing its reputation. The mission further involves building new audiences for bluegrass music and fostering its growth. As part of its activities, the museum organizes an annual festival, River of Music Party (ROMP), offering free tickets to underprivileged families, hospice patients, and students who performed on the main stage.
Official website here: www.bluegrasshall.org
What is the revenue of International Bluegrass Music Museu?
International Bluegrass Music Museu's revenue in 2023 was $3,222,960.
Official website here: www.bluegrasshall.org
Who are the executives of International Bluegrass Music Museu and what are their salaries?
The average compensation at International Bluegrass Music Museu during 2023 was $31,953. There are 21 employees at International Bluegrass Music Museu.
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Official website here: www.bluegrasshall.org
Where can I find the form 990 for International Bluegrass Music Museu?
International Bluegrass Music Museu's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bluegrasshall.org
Learn more at the official website: www.bluegrasshall.org
Mission Statement of International Bluegrass Music Museu
The International Bluegrass Music Museum, as a nonprofit organization, is dedicated to providing an enriching experience for the general public. Through museum tours, visitors can immerse themselves in the history of bluegrass music, gaining insights into its evolution and significance. The museum also offers music programs designed to educate and entertain, aiming to foster a deeper appreciation for this genre.
Beyond its educational role, the International Bluegrass Music Museum seeks to expand the reach of bluegrass music. It strives to build new audiences, enhancing the image of bluegrass and promoting its growth. The museum's mission extends beyond simple exhibition and education, aiming to contribute to the broader cultural landscape and foster a thriving bluegrass community.
To further its mission, the museum organizes events such as the River of Music Party (ROMP), an annual festival featuring high-profile international acts. The museum offers free tickets to various groups, including indigent families, hospice patients, residents of nursing homes and assisted living facilities, and students who have performed on the main stage at ROMP. This outreach initiative not only makes the festival accessible to a wider audience but also reinforces the museum's commitment to promoting bluegrass music and engaging with its community.
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Impact
July, 2024
The International Bluegrass Music Museum has made a significant impact by preserving the history of bluegrass music and educating the public about its cultural significance. Through museum tours, visitors have the opportunity to view bluegrass memorabilia and immerse themselves in the heritage of this music genre. Additionally, the museum's music programs not only entertain but also educate audiences, helping to build new generations of bluegrass music enthusiasts.
One of the standout initiatives of the museum is the River of Music Party (ROMP), an annual festival featuring high-level international acts. Through ROMP, the museum provides free tickets to indigent families, hospice patients, residents of nursing homes and assisted living facilities, as well as students who perform on the main stage. This inclusive approach not only spreads awareness of bluegrass music but also fosters a sense of community and belonging among diverse audiences.
Overall, the International Bluegrass Music Museum's dedication to showcasing the history and beauty of bluegrass music has enhanced the image of the genre and contributed to its growth. By offering a space for learning, appreciation, and live performances, the museum continues to be a vital hub for both enthusiasts and newcomers to experience the richness of bluegrass music.
This information is meant to be a general summary of International Bluegrass Music Museu. 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: $37,131
- Program Service Revenue: $1,999,390
- Gross Receipts: $3,222,960
Assets and Liabilities:
- Total Assets: $3,010,692
- Total Liabilities: $697,439
- Net Assets: $2,313,253
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DIRECT EVENT
Revenue
$1,033,317
GIFT SHOP & CONCESSION SALES
Revenue
$315,939
ADMISSIONS
Revenue
$295,767
SPONSORS
Revenue
$295,500
SUBSCRIPTIONS
Revenue
$58,867
Organization Details
Founding Year
1954
Principal Officer
Chris Joslin
Website
www.bluegrasshall.orgNTEE Category
Code: A500 - Arts
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