Overview
What is Five Points Music Foundation?
The Five Points Music Foundation, located at 1217 Maple Avenue SW, Roanoke, VA 24016, is a dedicated nonprofit organization. Their primary mission involves organizing live music events and activities, meticulously tailored to cater to the needs of the deaf and hard of hearing community. Beyond this, they conduct music therapy sessions for children with various developmental, neurological, and intellectual differences, as well as children grappling with emotional challenges. Furthermore, the foundation provides music lessons for individuals with hearing loss or those who might benefit from learning to play an instrument.
Official website here: www.5pointsmusic.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
Five Points Music Foundation has received a Two-Star rating from Charity Navigator, indicating a need for improvement, with an overall score of 73%. The organization shows strengths in having a majority of independent board members and a high program expense ratio of 90.10%, reflecting a strong commitment to its mission. Additionally, there are no material diversions of assets, which indicates good financial responsibility.
However, there are several areas where the foundation falls short. It has not provided financial statements, and key governance policies such as a whistleblower policy and document retention policy are missing. Furthermore, the tax form is not posted on the nonprofit's website, which detracts from its transparency.
Overall, while the Five Points Music Foundation demonstrates a solid commitment to effective program spending and independent governance, it must address its governance and financial transparency issues to enhance its accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Five Points Music Foundation legitimate?
Five Points Music Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Five Points Music Foundation 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: $43,950
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.5pointsmusic.com
What is the mission statement of Five Points Music Foundation?
The Five Points Music Foundation is committed to delivering a concert experience that caters specifically to the hard of hearing and deaf community. Beyond this, they conduct music therapy sessions for children facing developmental, neurological, intellectual, and emotional challenges. Furthermore, they offer music lessons for individuals with hearing loss or those who could potentially benefit from learning to play an instrument. In essence, their mission is to provide a platform that empowers and engages these communities through music.
Official website here: www.5pointsmusic.com
Who is the CEO of Five Points Music Foundation?
R Tyler Godsey is the Executive Dir. of Five Points Music Foundation.
Official website here: www.5pointsmusic.com
What is the revenue of Five Points Music Foundation?
Five Points Music Foundation's revenue in 2022 was $623,273.
Official website here: www.5pointsmusic.com
Who are the executives of Five Points Music Foundation and what are their salaries?
There 25 volunteers at Five Points Music Foundation.
Here are 7 key members and their salaries:
- Compensation: $43,950
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.5pointsmusic.com
Where can I find the form 990 for Five Points Music Foundation?
Five Points Music Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.5pointsmusic.com
Learn more at the official website: www.5pointsmusic.com
Mission Statement of Five Points Music Foundation
The Five Points Music Foundation is dedicated to providing a unique concert experience, focusing on the hard of hearing and deaf community. Beyond this, the organization conducts music therapy sessions for children with developmental, neurologic, and intellectual differences, as well as those dealing with emotional challenges. Furthermore, the Five Points Music Foundation offers music lessons for individuals with hearing loss or those who could potentially benefit from learning to play an instrument. By prioritizing these specific groups, the foundation aims to enrich their lives through the power of music.
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Impact
July, 2024
Five Points Music Foundation provides a unique concert experience tailored for the hard of hearing and deaf community, ensuring they can enjoy live music in an inclusive environment. Additionally, the foundation conducts music therapy sessions for children with various challenges, including developmental, neurologic, and emotional difficulties. It also offers music lessons for individuals with hearing loss and those who can benefit from learning to play an instrument. Through these initiatives, Five Points Music Foundation is making a significant impact in promoting accessibility and music education for diverse groups of people in Roanoke, VA.
This information is meant to be a general summary of Five Points Music Foundation. 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: $392,888
- Gross Receipts: $641,584
Assets and Liabilities:
- Total Assets: $153,885
- Total Liabilities: $36,194
- Net Assets: $117,691
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ABC AT EVENTS
Revenue
$172,547
ADMINISTRATIVE
Revenue
$1,200
EVENT PERFORMANCES
Revenue
$194,773
MERCHANDISE AT EVENTS
Revenue
$15,518
ROOM RENTS
Revenue
$8,850
Organization Details
Founding Year
2017
Phone
(540) 795-5618Principal Officer
R Tyler Godsey
Main Address
1217 MAPLE AVE SW, ROANOKE, VA, 24016
Website
www.5pointsmusic.comNTEE Category
Code: A68 - Arts
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