Overview
What is The Music Academy Foundation Inc?
The Music Academy Foundation Inc, located in Garden City, New York, is a nonprofit organization that passionately supports the arts, particularly music. They strive to enrich musical education by offering financial aid for exceptional music programs in both public and private schools. The foundation goes beyond traditional classrooms, providing instruments to local schools and scholarships to promising music students. Extending their reach further, they spearhead concert series and spearhead educational outreach initiatives, including scholarship programs and speeches. Their team comprises five dedicated individuals, all working towards promoting musical arts and nurturing talent in under-served communities.
Official website here: www.musicacademyfoundation.org
Is The Music Academy Foundation Inc legitimate?
The Music Academy Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Music Academy Foundation 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: $125,203
Professional Fundraising Fees: $0
Other Salaries and Wages: $51,801
For more financial information, click here
Official website here: www.musicacademyfoundation.org
What is the mission statement of The Music Academy Foundation Inc?
The Music Academy Foundation Inc's mission is focused on promoting the musical arts. They achieve this by offering financial aid for high-quality music programs, both within and outside of public and private schools. The organization provides instrumental resources to local school music programs and grants scholarships to promising music students. Their activities extend beyond lessons, including music therapy, theater programs, and funding for educational outreach. Furthermore, they spearhead concert series and initiatives to ensure under-served schools have access to music education.
Official website here: www.musicacademyfoundation.org
What is the revenue of The Music Academy Foundation Inc?
The Music Academy Foundation Inc's revenue in 2023 was $598,871.
Official website here: www.musicacademyfoundation.org
Who are the executives of The Music Academy Foundation Inc and what are their salaries?
The average compensation at The Music Academy Foundation Inc during 2023 was $29,501. There are 6 employees and 1 volunteer at The Music Academy Foundation Inc.
Here are 6 key members and their salaries:
- Compensation: $104,000
- Related: $0
- Other: $0
- Compensation: $21,203
- 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.musicacademyfoundation.org
Where can I find the form 990 for The Music Academy Foundation Inc?
The Music Academy Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.musicacademyfoundation.org
Learn more at the official website: www.musicacademyfoundation.org
Mission Statement of The Music Academy Foundation Inc
The Music Academy Foundation Inc is a nonprofit organization dedicated to fostering the musical arts. Its mission is centered around offering financial assistance for high-quality music programs, both within and beyond public and private schools. This is accomplished through two key strategies: providing instruments to local school music programs and offering scholarships to gifted music students. By doing so, The Music Academy Foundation Inc aims to broaden the accessibility and availability of music education, thereby nurturing talent and encouraging musical growth among students. Furthermore, the organization also supports various music-related initiatives, such as offering music lessons, music therapy, theater programs, and funding educational outreach initiatives, including scholarships and spearheading concert series. These efforts collectively contribute to enhancing the musical landscape and fostering a love for music among a diverse group of individuals.
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Impact
July, 2024
The Music Academy Foundation Inc has made a significant impact on promoting the musical arts by providing financial assistance for high-quality music programs in schools and beyond. Through their initiatives such as offering scholarships to talented music students, providing instruments to local school music programs, and funding educational outreach efforts, they have enriched the musical experiences of many individuals. Additionally, their support for music therapy, theater programs, and under-served schools further demonstrates their commitment to advancing music education and accessibility. Based in GARDEN CITY, NY, The Music Academy Foundation Inc's mission is to foster musical excellence and creativity through their various programs and initiatives.
This information is meant to be a general summary of The Music Academy Foundation 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 2023.
- Investment Income: $17
- Program Service Revenue: $565,272
- Gross Receipts: $603,854
Assets and Liabilities:
- Total Assets: $630,843
- Total Liabilities: $656,602
- Net Assets: -$25,759
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MUSIC INSTRUCTION
Revenue
$565,272
Organization Details
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