Overview
What is Memphis Equity Through Arts Inc?
Memphis Equity Through Arts Inc, also known as Memphis Music Initiative (MMI), is a nonprofit organization based in Memphis, Tennessee. With a focus on youth development, MMI invests in black and brown youth by offering transformative music engagement opportunities. They achieve this through direct programs that enhance in-school music education, after-school activities, and summertime experiences. Additionally, MMI creates paid summer opportunities for youth at music and arts organizations, providing equitable access to career training and professional development. Beyond direct programs, MMI supports organizations working with young people by offering funding and resources, aiming to foster sustainability and improve program quality. With a team of 18 dedicated individuals, MMI strives to create equitable opportunities for youth in Memphis, aiming to transform their lives through music.
Official website here: www.memphismusicinitiative.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Memphis Equity Through Arts Inc has received a strong Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The charity scored 95% in Accountability & Finance, showcasing its commitment to transparency and responsible management. Key metrics such as independent board membership and a clean record regarding asset diversion indicate robust governance practices.
The organization demonstrates effective resource allocation, with a program expense ratio of over 70%, which suggests that a significant portion of its funding is directed towards its mission-related activities rather than administrative costs. Additionally, the fundraising efficiency is commendable, with a minimal cost of just $0.06 to raise each dollar, highlighting its ability to leverage funds effectively for its programs.
The charity has also established comprehensive policies regarding conflicts of interest and whistleblower protections, further underscoring its commitment to ethical governance. Overall, Memphis Equity Through Arts Inc appears to operate with a strong ethical framework and financial integrity, making it a reliable choice for donors looking to support impactful nonprofit work in the arts community.
This AI summary has been generated from information found on Charity Navigator.
Is Memphis Equity Through Arts Inc legitimate?
Memphis Equity Through Arts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memphis Equity Through Arts 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: $1,862,068
For more financial information, click here
Official website here: www.memphismusicinitiative.org
What is the mission statement of Memphis Equity Through Arts Inc?
Memphis Equity Through Arts Inc's mission is centered around investing in the development of youth, particularly those of black and brown descent. They achieve this through transformative music engagement, aiming to create equitable opportunities for these youth. Their strategies include direct programs that enhance in-school and after-school experiences, as well as summertime opportunities. The organization also extends support to organizations working with young people, providing funding and resources for their advancement. Additionally, Memphis Equity Through Arts Inc offers paid summer positions in music and arts organizations, promoting career training and personal development. They also invest in the sustainability and improvement of these organizations to ensure quality programs for the youth.
Official website here: www.memphismusicinitiative.org
Who is the CEO of Memphis Equity Through Arts Inc?
Amber Hamilton is the Executive Director of Memphis Equity Through Arts Inc.
Official website here: www.memphismusicinitiative.org
What is the revenue of Memphis Equity Through Arts Inc?
Memphis Equity Through Arts Inc's revenue in 2022 was $2,544,622.
Official website here: www.memphismusicinitiative.org
Who are the executives of Memphis Equity Through Arts Inc and what are their salaries?
The average compensation at Memphis Equity Through Arts Inc during 2022 was $103,448. There are 18 employees at Memphis Equity Through Arts Inc.
Here are 11 key members and their salaries:
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- Compensation: $122,499
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Official website here: www.memphismusicinitiative.org
Where can I find the form 990 for Memphis Equity Through Arts Inc?
Memphis Equity Through Arts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.memphismusicinitiative.org
Learn more at the official website: www.memphismusicinitiative.org
Mission Statement of Memphis Equity Through Arts Inc
Memphis Equity Through Arts Inc, in its mission, focuses on investing in the development of youth, particularly black and brown individuals, through transformative music engagement. The organization's goal is to create equitable opportunities for these young people in Memphis. They achieve this mission in two ways: firstly, by directly engaging with youth through in-school, after-school, and summertime programs. These initiatives aim to transform music classrooms into learning laboratories, fostering personal growth and boosting student confidence and self-efficacy. Secondly, Memphis Equity Through Arts Inc provides funding and resources to organizations working with young people, with a focus on enhancing their operations and improving the quality of their programs. By doing so, the nonprofit seeks to build strong and effective organizations that can sustainably contribute to the development of these youth.
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Impact
July, 2024
Memphis Equity Through Arts Inc is making a significant impact by investing in youth development through transformative music engagement and creating equitable opportunities for black and brown youth in Memphis. Their direct programs connect youth to high-quality in-school, after-school, and summertime opportunities, transforming music classrooms into learning laboratories for personal development and fostering student confidence and self-efficacy.
Furthermore, Memphis Equity Through Arts Inc's MMI Works initiative creates paid summer opportunities for youth to work at music and arts organizations, offering equitable access to career training and professional/personal development. By providing funding and resources to advance organizations working with young people, they are actively working to build strong and effective community organizations that foster sustainability and improve program quality.
Overall, Memphis Equity Through Arts Inc's focus on youth empowerment through music engagement is making a positive impact on the lives of black and brown youth in Memphis, creating pathways for personal and professional growth while fostering a more equitable and inclusive community.
This information is meant to be a general summary of Memphis Equity Through Arts 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 2022.
- Investment Income: $8,876
- Program Service Revenue: $375,773
- Gross Receipts: $2,544,622
Assets and Liabilities:
- Total Assets: $4,386,497
- Total Liabilities: $123,139
- Net Assets: $4,263,358
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
School management fees
Revenue
$20,120
School partner income
Revenue
$80,480
Organization Details
Founding Year
2016
Phone
(901) 410-4100Principal Officer
Amber Hamilton
Main Address
PO Box 1926, Memphis, TN, 38101
NTEE Category
Code: A20 - Arts
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