Overview
What is Texas Country Music Hall Of Fame?
The Texas Country Music Hall of Fame is a nonprofit organization situated in Carthage, Texas, specifically at 300 W Panola. Their primary mission is to preserve and showcase the rich history of country western music through the operation of a historical museum. This museum serves as a platform to encourage and promote the heritage of this musical genre. With a team of four dedicated individuals, the organization aims to educate and engage both locals and visitors in the captivating tales and influential figures of country music.
Official website here: www.tcmhof.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Stars
The Texas Country Music Hall of Fame has received a low rating of 52%, indicating significant concerns regarding its accountability and financial practices. While the organization scores well in certain areas, such as having a majority of independent board members and a strong liabilities to assets ratio, it lacks several critical policies, including conflict of interest, whistleblower, and document retention policies. These deficiencies have adversely affected its overall score.
The organization demonstrates a commitment to transparency by maintaining meeting minutes and listing its website on tax forms, which are positive indicators of governance. However, the notably low program expense ratio of 51.19% suggests that a significant portion of funds may not be directly supporting its charitable mission, which could raise concerns about the effective use of resources.
Overall, while the Texas Country Music Hall of Fame shows strengths in some governance areas, the absence of key policies and the low program expense ratio highlight areas that require improvement to enhance its accountability and better serve its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Texas Country Music Hall Of Fame legitimate?
Texas Country Music Hall Of Fame is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Country Music Hall Of Fame 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: $56,692
For more financial information, click here
Official website here: www.tcmhof.com
What is the mission statement of Texas Country Music Hall Of Fame?
The Texas Country Music Hall of Fame operates a historical museum dedicated to preserving and promoting the rich history of country western music. Its mission is to serve as a hub for showcasing the evolution and impact of country music, encouraging appreciation and understanding of this musical genre's cultural significance. By providing an engaging and informative museum experience, the Texas Country Music Hall of Fame aims to inspire future generations of country music enthusiasts and artists, fostering a sense of community and connection to this cherished musical heritage.
Official website here: www.tcmhof.com
Who is the CEO of Texas Country Music Hall Of Fame?
Tommie Ritter Smith is the Vice Preside of Texas Country Music Hall Of Fame.
Official website here: www.tcmhof.com
What is the revenue of Texas Country Music Hall Of Fame?
Texas Country Music Hall Of Fame's revenue in 2022 was $103,362.
Official website here: www.tcmhof.com
Who are the executives of Texas Country Music Hall Of Fame and what are their salaries?
The average compensation at Texas Country Music Hall Of Fame during 2022 was $14,173. There are 4 employees at Texas Country Music Hall Of Fame.
Here are 7 key members and their salaries:
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Official website here: www.tcmhof.com
Where can I find the form 990 for Texas Country Music Hall Of Fame?
Texas Country Music Hall Of Fame's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tcmhof.com
Learn more at the official website: www.tcmhof.com
Mission Statement of Texas Country Music Hall Of Fame
The Texas Country Music Hall of Fame is dedicated to the operation of a historical museum, serving as a platform to promote and encourage the rich history of country western music. Their mission, in essence, revolves around preserving and showcasing the heritage of country music, fostering an appreciation for its roots and evolution over the years. The hall of fame provides a space where visitors can delve into the stories and achievements of country music legends, gaining a deeper understanding of the genre's cultural impact.
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Impact
October, 2024
The Texas Country Music Hall of Fame significantly impacts the preservation and promotion of country music history. Located in Carthage, Texas, it operates as a historical museum that celebrates the rich heritage of country western music. By providing a dedicated space for exhibits, memorabilia, and educational resources, the Hall of Fame fosters a deeper appreciation for the genre’s roots and its influential artists.
Through curated displays, the museum highlights the evolution of country music, showcasing both legendary figures and contemporary stars, which helps to connect new generations with the genre. The Hall of Fame also serves as a cultural hub, drawing visitors from across the region and beyond, thereby stimulating local tourism and economic growth. By promoting events and educational initiatives, it encourages community engagement and supports the arts, reinforcing Texas's identity as a cornerstone of country music. Overall, the Texas Country Music Hall of Fame plays a crucial role in celebrating and sustaining the cultural legacy of country music.
This information is meant to be a general summary of Texas Country Music Hall Of Fame. 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.
- Program Service Revenue: $16,496
- Gross Receipts: $198,953
Assets and Liabilities:
- Total Assets: $228,602
- Total Liabilities: $1,210
- Net Assets: $227,392
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MUSEUM TOURS
Revenue
$15,575
MISC
Revenue
$331
TABLECLOTH RENTAL
Revenue
$300
ADJUSTMENTS
Revenue
$290
Organization Details
Founding Year
1997
Phone
(903) 693-6634Principal Officer
Tommie Ritter Smith
Main Address
300 W PANOLA, CARTHAGE, TX, 75633
Website
www.tcmhof.comNTEE Category
Code: A50 - Arts
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