Overview
What is Friends Of Music Acadiana Inc?
Friends of Music Acadiana Inc, based in Lafayette, Louisiana, is a nonprofit organization dedicated to fostering music appreciation and supporting exceptional music students. They achieve this by developing public backing and providing scholarships to high-caliber music students pursuing their education at the University of Louisiana at Lafayette. Their primary activity involves allocating funds for student music awards scholarships. The organization's mission is deeply rooted in the promotion of music and the provision of financial aid to deserving students, thereby contributing to the growth and nurturing of musical talent in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars
Friends Of Music Acadiana Inc has received a rating of "Needs Improvement" with a score of 73%. This rating indicates that while the organization demonstrates some strong practices, there are areas that require attention. The high scores for accountability and financial oversight highlight a commitment to transparency, particularly with an independent board and well-documented meeting minutes.
Strengths of the organization include a perfect score in areas such as the majority of independent board members and low liabilities to assets ratio, suggesting solid financial health. The program expense ratio is also commendable at 85.22%, indicating that a significant portion of funds is directed towards program activities rather than administrative costs.
However, the overall two-star rating signifies that there may be concerns regarding other aspects of organization operations that need improvement. Stakeholders should consider these factors when evaluating the nonprofit's overall effectiveness and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Music Acadiana Inc legitimate?
Friends Of Music Acadiana Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Music Acadiana 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.
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What is the mission statement of Friends Of Music Acadiana Inc?
Friends of Music Acadiana Inc's mission is centered around promoting music appreciation and supporting high-caliber music students. They aim to develop sources of public support and provide scholarships to these talented individuals, specifically for their studies at the University of Louisiana at Lafayette. This non-profit organization's activities focus on nurturing musical talent and investing in the future of music education.
Who is the CEO of Friends Of Music Acadiana Inc?
Claudia Zale is the Board Memeber of Friends Of Music Acadiana Inc.
What is the revenue of Friends Of Music Acadiana Inc?
Friends Of Music Acadiana Inc's revenue in 2023 was $64,644.
Who are the executives of Friends Of Music Acadiana Inc and what are their salaries?
Here are 23 key members and their salaries:
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Where can I find the form 990 for Friends Of Music Acadiana Inc?
Friends Of Music Acadiana Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Friends Of Music Acadiana Inc
Friends of Music Acadiana Inc, a nonprofit organization, is dedicated to fostering an appreciation for music and providing support. Its primary mission is to cultivate sources of public backing and offer scholarships to exceptionally talented music students attending the University of Louisiana at Lafayette. By doing so, the organization seeks to nurture the musical talents of these students, thereby contributing to the richness of the musical landscape. The organization's program expenditures are primarily focused on the Student Music Awards Scholarships, demonstrating its commitment to empowering gifted musicians and fostering their growth in the field of music.
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Impact
August, 2024
Friends Of Music Acadiana Inc's impact can be seen in their dedication to promoting music appreciation and providing scholarships to high caliber music students at the University of Louisiana at Lafayette. Through their program expenditures for student music awards scholarships, they are supporting the development of talented musicians and nurturing a thriving music community in Lafayette, Louisiana. By creating opportunities for aspiring musicians to pursue their passion and education, Friends Of Music Acadiana Inc is making a significant contribution to the cultural and educational landscape of the region.
This information is meant to be a general summary of Friends Of Music Acadiana 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: $72
- Gross Receipts: $64,644
Assets and Liabilities:
- Total Assets: $26,309
- Total Liabilities: $851
- Net Assets: $25,458
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Organization Details
Founding Year
1998
Phone
(337) 280-0736Principal Officer
Claudia Zale
Main Address
PO BOX 53035, LAFAYETTE, LA, 70505
NTEE Category
Code: B92 - Education
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