Overview
What is Fredericksburg Music Club Inc?
Fredericksburg Music Club Inc, located in Fredericksburg, Texas, is a nonprofit organization dedicated to fostering a deeper appreciation and understanding of classical music. They achieve this goal by organizing live performances for the residents of the Texas Hill Country. To make these events possible, they raise funds, collaborate with professional musical artists, and annually present a series of concerts. Their mission is to broaden the knowledge and enthusiasm for classical music within their community.
Official website here: www.fredericksburgmusicclub.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
Fredericksburg Music Club Inc has earned an overall score of 83%, reflecting solid performance in accountability and finance. The organization is notable for having a fully independent board, with all 10 members meeting the criteria. Additionally, they maintain a healthy liabilities to assets ratio of 0.00%, indicating strong financial stability and effective use of funds, as evidenced by a program expense ratio of 85.28%.
Despite its strengths, the organization has some areas for improvement. They currently lack a whistleblower policy and a document retention and destruction policy, which are important for ensuring transparency and accountability. Furthermore, their tax form is not posted on the nonprofit's website, which could enhance accessibility for stakeholders seeking more information about their financial practices.
Overall, while Fredericksburg Music Club Inc performs well in several key areas, addressing the noted deficiencies in governance and documentation practices could further strengthen their accountability and enhance public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Fredericksburg Music Club Inc legitimate?
Fredericksburg Music Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fredericksburg Music Club 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: $0
For more financial information, click here
Official website here: www.fredericksburgmusicclub.com
What is the mission statement of Fredericksburg Music Club Inc?
The Fredericksburg Music Club Inc's mission is centered around promoting and expanding the knowledge, understanding, and appreciation of classical music. They achieve this goal by organizing live performances for the public. To make this possible, they raise funds, collaborate with professional musical artists, and present a series of concerts annually. The aim is to engage and educate a wide audience, fostering a deeper appreciation for classical music.
Official website here: www.fredericksburgmusicclub.com
What is the revenue of Fredericksburg Music Club Inc?
Fredericksburg Music Club Inc's revenue in 2024 was $95,773.
Official website here: www.fredericksburgmusicclub.com
Who are the executives of Fredericksburg Music Club Inc and what are their salaries?
There 8 volunteers at Fredericksburg Music Club Inc.
Here are 8 key members and their salaries:
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Official website here: www.fredericksburgmusicclub.com
Where can I find the form 990 for Fredericksburg Music Club Inc?
Fredericksburg Music Club Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.fredericksburgmusicclub.com
Learn more at the official website: www.fredericksburgmusicclub.com
Mission Statement of Fredericksburg Music Club Inc
Fredericksburg Music Club Inc, a nonprofit organization, is dedicated to fostering a deeper appreciation and understanding of classical music among the community in the Texas Hill Country. To achieve this, the club actively promotes live performances, serving as a platform for professional musicians to showcase their talents. By raising funds, engaging with skilled musical artists, and organizing a series of concerts annually, Fredericksburg Music Club Inc aims to expand the knowledge and appreciation of classical music within its audience.
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Impact
October, 2024
Fredericksburg Music Club Inc significantly enriches the cultural landscape of the Texas Hill Country by promoting and expanding the knowledge and appreciation of classical music. Through an annual series of live performances, the organization engages professional musical artists to provide high-quality concerts that resonate with diverse audiences. This initiative not only entertains but also fosters a deeper understanding of classical music, making it accessible and enjoyable for the local community. By raising funds and organizing these events, the club plays a crucial role in elevating the arts in Fredericksburg, nurturing a vibrant musical environment that benefits residents and visitors alike.
This information is meant to be a general summary of Fredericksburg Music Club 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 2024.
- Investment Income: $23,629
- Gross Receipts: $174,322
Assets and Liabilities:
- Total Assets: $609,367
- Total Liabilities: $0
- Net Assets: $609,367
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Organization Details
Founding Year
1991
Principal Officer
Silke Hagee
NTEE Category
Code: A60 - Arts
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