Overview
What is American Harp Foundation?
The American Harp Foundation, located at 28 Cargill Street, Melrose, MA 02176, is a nonprofit organization devoted to fostering harp education and performance. They achieve this goal by providing scholarships, financial aid, and various awards. In 2022, six scholarships were awarded, showcasing their commitment to nurturing talent in the field. The foundation manages 19 educational funds, which are primarily funded by donations and investment returns. These funds are allocated for specific educational programs, such as scholarship programs, awards, and other prizes, ensuring the longevity and excellence of their initiatives.
Official website here: www.harpfoundationahs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Star rating)
The American Harp Foundation has received a One-Star rating from Charity Navigator, indicating concerns regarding its accountability and financial practices. While the organization boasts a fully independent board and has shown no material diversion of assets, it falls short in several key governance policies, such as lacking both a conflict of interest policy and a whistleblower policy.
Strengths include a solid liabilities to assets ratio of 0.00%, suggesting sound financial health, and a program expense ratio of 52.01%, indicating that more than half of its expenditures are directed toward its programs. However, the absence of essential policies reflects a gap in governance and operational transparency that may raise concerns for potential donors.
Overall, while the foundation has some positive financial indicators, the lack of crucial policies and documentation may limit its appeal to donors who prioritize accountability and transparency in their giving decisions.
This AI summary has been generated from information found on Charity Navigator.
Is American Harp Foundation legitimate?
American Harp Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Harp 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: $0
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.harpfoundationahs.org
What is the mission statement of American Harp Foundation?
The American Harp Foundation, through its 19 educational funds, supports harp education and performances by providing scholarships, financial aid, and various awards. These funds are primarily sourced from donations and investment returns, and each grant is distributed in accordance with the original donor's intent. The foundation ensures the longevity and excellence of its educational programs by adhering to the original donors' wishes, thereby fostering the growth and development of harp education and performance.
Official website here: www.harpfoundationahs.org
Who is the CEO of American Harp Foundation?
Ms Carrie Kourkoumelis is the President of American Harp Foundation.
Official website here: www.harpfoundationahs.org
What is the revenue of American Harp Foundation?
American Harp Foundation's revenue in 2022 was $17,242.
Official website here: www.harpfoundationahs.org
Who are the executives of American Harp Foundation and what are their salaries?
There 9 volunteers at American Harp Foundation.
Here are 10 key members and their salaries:
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Official website here: www.harpfoundationahs.org
Where can I find the form 990 for American Harp Foundation?
American Harp Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.harpfoundationahs.org
Learn more at the official website: www.harpfoundationahs.org
Mission Statement of American Harp Foundation
The American Harp Foundation is dedicated to advancing harp education and performance through various means. This nonprofit organization manages a total of nineteen educational funds, which are primarily funded by donations and investment returns. These funds are set aside for specific educational programs, such as scholarship programs, awards, and other types of prizes. Each grant issued by the foundation adheres to the original donor's intentions, ensuring the sustainability and excellence of the American Harp Foundation's educational initiatives. By offering financial support and awards, this organization contributes to the growth and development of harp education and performance across various platforms.
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Impact
August, 2024
The American Harp Foundation's impact is significant in supporting harp education and performance through scholarships, financial aid, and other awards. In 2022, the foundation awarded six scholarships to deserving individuals. Through managing nineteen educational funds underwritten by donations and investment return, the foundation ensures the longevity and excellence of its educational programs, including scholarship programs, awards, and other prizes. By providing financial assistance and recognition to aspiring harpists, the American Harp Foundation plays a crucial role in nurturing talent and promoting the art of harp playing.
This information is meant to be a general summary of American Harp 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.
- Investment Income: $15,522
- Program Service Revenue: $40
- Gross Receipts: $17,242
Assets and Liabilities:
- Total Assets: $631,389
- Total Liabilities: $0
- Net Assets: $631,389
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APPLICATION FEES
Revenue
$40
Organization Details
Founding Year
1993
Phone
(781) 665-3835Principal Officer
Ms Carrie Kourkoumelis
Main Address
28 CARGILL STREET, MELROSE, MA, 02176
Website
www.harpfoundationahs.orgNTEE Category
Code: B90 - Education
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