Musicland Gift Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 863363354 ✦ Charlotte, NC ✦ Designated as a 501(c)(3)

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Overview

What is Musicland Gift Foundation Inc?

Musicland Gift Foundation Inc, situated in Charlotte, North Carolina, is a nonprofit organization that focuses on promoting or producing arts and culture with a charitable mission. While the specific details of their activities or initiatives were not provided in the information, we know that their primary objective is to contribute positively to this field, aiming to make a difference in their community.

Is Musicland Gift Foundation Inc legitimate?

Musicland Gift Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Musicland Gift Foundation Inc submitted a form 990EZ, 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.

What is the mission statement of Musicland Gift Foundation Inc?

The Musicland Gift Foundation, as an arts or culture-focused organization, operates with a charitable mission. While the specifics of this mission are not explicitly stated in the provided information, it can be inferred that the foundation aims to contribute positively to the arts and culture sector through its activities. However, due to the limited data available, the exact objectives or goals of the Musicland Gift Foundation's mission remain unclear.

Who is the CEO of Musicland Gift Foundation Inc?

Kenneth Khan is the President of Musicland Gift Foundation Inc.

What is the revenue of Musicland Gift Foundation Inc?

Musicland Gift Foundation Inc's revenue in 2021 was $77,996.

Who are the executives of Musicland Gift Foundation Inc and what are their salaries?


There is 1 key member and their salary:


Kenneth Khan (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Musicland Gift Foundation Inc?

Musicland Gift Foundation Inc's most recent form 990EZ was submitted in 2021 and can be accessed here.

Mission Statement of Musicland Gift Foundation Inc

Musicland Gift Foundation, an arts or culture-focused organization based in an unspecified location, has a charitable mission at its core. This mission, in simple terms, is to contribute positively to the arts and culture sector. However, the provided information does not offer specific details about the types of activities or projects the foundation undertakes to achieve this mission. It is crucial to note that while the mission statement is charitable in nature, the exact focus and initiatives of Musicland Gift Foundation remain undisclosed.

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Impact




August, 2024

Musicland Gift Foundation Inc has had a significant impact on the arts community in Charlotte, NC. Through its charitable mission, the organization has worked to promote and produce music and culture in the area. It has provided support and resources to artists, musicians, and cultural initiatives, contributing to the vibrancy and diversity of the arts scene in the city. Additionally, Musicland Gift Foundation Inc has facilitated collaboration and creativity within the arts community, fostering a dynamic environment for artistic expression and engagement.




This information is meant to be a general summary of Musicland Gift 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.

Revenue
$77,996 (2021)
Expenses
$68,181 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Gross Receipts: $82,603

Assets and Liabilities:

  • Total Assets: $9,815
  • Total Liabilities: $0
  • Net Assets: $9,815

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Organization Details

Principal Officer

Kenneth Khan

Main Address

5903 LISMORE VALLEY LN, CHARLOTTE, NC, 28226

NTEE Category

Code: A20 - Arts

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