Overview
What is The Blues Foundation Inc?
The Blues Foundation Inc, located in Memphis, Tennessee, is a dedicated nonprofit organization with a focus on preserving the rich heritage of blues music. They achieve this by celebrating outstanding blues recordings and performances from the previous year through their renowned Blues Music Awards. The foundation, recognized globally, honors selected artists based on the votes of its members. Beyond awards, their mission extends to increasing worldwide awareness of blues music and ensuring its continued existence as a distinctive American art form. With a team of 14 employees, they work tirelessly to uphold the legacy of blues music and continue its evolution.
Official website here: www.blues.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star rating.
The Blues Foundation Inc has achieved a commendable score of 85%, reflecting a strong commitment to accountability and financial transparency. The rating is based entirely on the Accountability & Finance beacon, indicating the organization prioritizes ethical management of its resources. This rating signifies that the foundation meets high standards in various operational aspects, such as maintaining an independent board and having clear conflict of interest, whistleblower, and document retention policies.
The organization demonstrates outstanding governance with 100% of its board members being independent, which supports unbiased decision-making, and it has consistently shown no material diversion of assets. Additionally, its financial health is solid, as evidenced by a low liabilities to assets ratio of 3.19% and a program expense ratio of 69.78%, indicating that a significant portion of its funding is directed towards its programs rather than administrative costs.
Despite these strengths, the rating solely reflects financial accountability without assessing other critical areas such as program impact or community engagement. While the organization is performing well in terms of governance and finance, potential donors may want to consider additional information about the effectiveness of its programs to gain a fuller understanding of its contributions to the blues music community.
This AI summary has been generated from information found on Charity Navigator.
Is The Blues Foundation Inc legitimate?
The Blues Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Blues 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: $431,222
For more financial information, click here
Official website here: www.blues.org
What is the mission statement of The Blues Foundation Inc?
The Blues Foundation Inc's mission is centered around preserving the heritage of blues music, celebrating its recordings and performances, increasing global awareness of this uniquely American art form, and ensuring its future. They strive to achieve this by organizing events, such as the Blues Music Awards, which bring together blues enthusiasts and industry representatives from around the world. Each year, they honor artists who have excelled in blues recordings and performances. The Blues Foundation's goal is to maintain the rich history and promote the growth of blues music for future generations.
Official website here: www.blues.org
What is the revenue of The Blues Foundation Inc?
The Blues Foundation Inc's revenue in 2023 was $1,211,621.
Official website here: www.blues.org
Who are the executives of The Blues Foundation Inc and what are their salaries?
The average compensation at The Blues Foundation Inc during 2023 was $215,611. There are 2 employees at The Blues Foundation Inc.
Here are 15 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
- 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
Official website here: www.blues.org
Where can I find the form 990 for The Blues Foundation Inc?
The Blues Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.blues.org
Learn more at the official website: www.blues.org
Mission Statement of The Blues Foundation Inc
The Blues Foundation Inc, a renowned organization, is dedicated to preserving the rich heritage of blues music, celebrating its recordings and performances, expanding global awareness of this uniquely American art form, and ensuring its continued future. The foundation's mission is multifaceted, encompassing various aspects of the blues genre.
Primarily, The Blues Foundation Inc aims to preserve the historical significance of blues music, honoring its roots and the artists who have contributed to its development. This preservation extends to celebrating the best in blues recordings and performances from the previous year through the Blues Music Awards. These awards, recognized internationally, bring together musicians, industry representatives, and fans from around the world to recognize and honor the outstanding contributions in the blues genre.
Beyond preservation and recognition, The Blues Foundation Inc also focuses on expanding the global awareness of blues music. By doing so, the organization aims to introduce this unique art form to new audiences and ensure its longevity. This mission is achieved through various initiatives, including celebrating the blues in various settings and encouraging the creation of new blues music.
In essence, The Blues Foundation Inc is committed to preserving the legacy of blues music, celebrating its current achievements, and ensuring its growth and future prosperity. By doing so, the foundation plays a crucial role in maintaining the rich cultural tapestry of blues music and ensuring that future generations can appreciate and enjoy this distinctive genre.
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 Blues Foundation Inc has had a significant impact on the preservation, celebration, and promotion of blues music worldwide. Through initiatives like the Blues Music Awards, the foundation brings together artists, industry professionals, and fans to recognize and honor outstanding contributions to the genre. By spotlighting the best in blues recordings and performances, the foundation not only acknowledges the talent within the blues community but also raises awareness and appreciation for this uniquely American art form on a global scale. Through its mission to ensure the future of the blues, The Blues Foundation Inc is playing a crucial role in keeping this musical heritage alive for generations to come.
This information is meant to be a general summary of The Blues 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 2023.
- Investment Income: $4,232
- Program Service Revenue: $433,859
- Gross Receipts: $1,236,521
Assets and Liabilities:
- Total Assets: $4,373,317
- Total Liabilities: $139,722
- Net Assets: $4,233,595
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.
MEMBERSHIPS
Revenue
$230,531
BLUES MUSIC AWARDS
Revenue
$112,655
INTERNATIONAL BLUES COMPETITI
Revenue
$112,189
HALL OF FAME ADMISSIONS
Revenue
$29,785
SPONSORSHIPS
Revenue
$14,500
Organization Details
Founding Year
1980
Principal Officer
Ronald Scott Fitzke
Website
www.blues.orgNTEE Category
Code: A68Z - Arts
If you are a representative of The Blues Foundation Inc 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.