Overview
What is The Musicians Hall Of Fame And Museum?
The Musicians Hall of Fame and Museum, located in Nashville, Tennessee, is a distinguished nonprofit organization with a mission to celebrate and honor talented musicians across various genres and instrument categories. Their unique approach involves showcasing the actual instruments used by these musicians to record iconic songs throughout history. The museum serves as an educational platform, particularly for international visitors, who can gain insights into the music industry and the instruments that shaped popular music. The organization employs a team of 24 dedicated individuals.
Official website here: www.musicianshalloffame.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
The Musicians Hall Of Fame And Museum has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization scored well in several key areas, such as having a majority of independent board members and maintaining strong financial oversight. Their program expense ratio is commendable, with over 72% of expenses directed towards programs, showcasing their commitment to their mission.
However, there are notable limitations in their governance practices. The absence of a whistleblower policy and a document retention and destruction policy raises concerns about accountability and transparency. Additionally, the tax form is missing from the nonprofit's website, which could hinder public trust and access to financial information.
Overall, while The Musicians Hall Of Fame And Museum demonstrates effective financial management and a strong commitment to its programs, addressing the gaps in governance policies could enhance their credibility and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is The Musicians Hall Of Fame And Museum legitimate?
The Musicians Hall Of Fame And Museum is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Musicians Hall Of Fame And Museum 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: $284,238
Professional Fundraising Fees: $0
Other Salaries and Wages: $447,858
For more financial information, click here
Official website here: www.musicianshalloffame.com
What is the mission statement of The Musicians Hall Of Fame And Museum?
The Musicians Hall of Fame and Museum's mission is to honor renowned musicians, irrespective of their genre or the instrument they specialize in. They achieve this by showcasing the actual instruments these musicians utilized to record some of the most iconic songs in recorded history. Furthermore, the museum educates international visitors, providing them with an enriching experience.
Official website here: www.musicianshalloffame.com
What is the revenue of The Musicians Hall Of Fame And Museum?
The Musicians Hall Of Fame And Museum's revenue in 2023 was $2,331,600.
Official website here: www.musicianshalloffame.com
Who are the executives of The Musicians Hall Of Fame And Museum and what are their salaries?
The average compensation at The Musicians Hall Of Fame And Museum during 2023 was $24,403. There are 30 employees at The Musicians Hall Of Fame And Museum.
Here are 7 key members and their salaries:
- Compensation: $201,592
- Related: $0
- Other: $0
- Compensation: $82,646
- 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.musicianshalloffame.com
Where can I find the form 990 for The Musicians Hall Of Fame And Museum?
The Musicians Hall Of Fame And Museum's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.musicianshalloffame.com
Learn more at the official website: www.musicianshalloffame.com
Mission Statement of The Musicians Hall Of Fame And Museum
The Musicians Hall of Fame and Museum is dedicated to honoring all distinguished musicians, regardless of their genre or the instruments they play. This is achieved by showcasing the actual instruments these musicians utilized to record some of the most iconic songs in recorded history. Furthermore, the museum educates international visitors, broadening their understanding and appreciation of these musical legends. By exhibiting these instruments and providing educational opportunities, the Musicians Hall of Fame and Museum pays tribute to the great musicians who have shaped the music landscape throughout history.
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 Musicians Hall of Fame and Museum has had a significant impact on the music community and beyond. By honoring great musicians regardless of genre or instrument, the museum highlights the diverse talents that have contributed to recorded history. Exhibiting the actual instruments used to record iconic songs provides a tangible connection to musical legends, preserving their legacy for future generations to appreciate. Additionally, by educating international visitors, the museum serves as a hub for music enthusiasts worldwide, fostering a deeper appreciation and understanding of the art form.
This information is meant to be a general summary of The Musicians Hall Of Fame And Museum. 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: $11,706
- Program Service Revenue: $1,625,445
- Gross Receipts: $2,813,289
Assets and Liabilities:
- Total Assets: $2,620,096
- Total Liabilities: $1,435,916
- Net Assets: $1,184,180
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.
AWARDS SHOW
Revenue
$100,285
MUSEUM
Revenue
$1,525,160
Organization Details
Founding Year
2003
Principal Officer
Linda Chambers
Website
www.musicianshalloffame.comNTEE Category
Code: A68 - Arts
If you are a representative of The Musicians Hall Of Fame And Museum 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.