Overview
What is Young Musicians Foundation?
The Young Musicians Foundation (YMF) is a nonprofit organization situated in LOS ANGELES, CALIFORNIA, specifically at 1044 EAST JEFFERSON BLVD STE A. Its primary mission is to empower underprivileged and often marginalized students by providing them with tuition-free access to music education, performances, and experiences. In the past year, the foundation's service area and student population have expanded significantly, reaching over 5,000 students across 28 schools and sites in Greater Los Angeles, marking a 30% increase from the previous year. The YMF's offerings have been diversified to include on-site songwriting and composition classes and a music and English language immersion program for English language learners at high schools and middle schools. Additionally, the Community Music Academy, which offers tuition-free instrumental and general music instruction to community members in Cypress Park and surrounding areas, aged 5 to 18, saw a 40% increase in participants and a significant expansion in the variety and number of classes offered. The foundation's dedicated workforce consists of 34 individuals, striving to create opportunities for under-served students to discover creativity, connections, and joy through music.
Official website here: www.ymf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
The Young Musicians Foundation has received an 85% rating from Charity Navigator, indicating a strong performance in terms of accountability and finance. The organization boasts 100% independent board members, showcasing a commitment to governance and oversight, which is essential for maintaining donor trust and operational integrity.
Financially, the foundation demonstrates impressive management with a program expense ratio of 85.45%, meaning a significant portion of its expenses directly supports its programs. Additionally, the absence of liabilities relative to its assets points to a healthy financial standing, allowing the organization to focus on its mission without the burden of debt.
While the organization shows robust financial health and adherence to transparency with policies like conflict of interest and whistleblower protections in place, continuous monitoring and improvements in outreach and fundraising could further enhance its impact in the community it serves.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Young Musicians Foundation?
94% of the 11 reviewers on Facebook recommend the Young Musicians Foundation. Here is a summary of their reviews:
The sentiment is overwhelmingly positive, with users expressing deep emotional connections to the performances. One reviewer mentioned feeling moved to tears by the experience, highlighting the impactful nature of the music and the talent showcased by the musicians.
Overall, the foundation seems to successfully create memorable and emotional experiences for its audience. Those who attend performances appear to be eagerly awaiting future events, indicating a strong appreciation for what the nonprofit offers.
This AI summary has been generated from reviews found on Facebook.
Is Young Musicians Foundation legitimate?
Young Musicians Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Young Musicians 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: $90,025
Professional Fundraising Fees: $0
Other Salaries and Wages: $415,884
For more financial information, click here
Official website here: www.ymf.org
What is the mission statement of Young Musicians Foundation?
The Young Musicians Foundation's mission is focused on empowering underprivileged and often marginalized students. By providing tuition-free music education, performances, and experiences, the foundation aims to foster creativity, foster connections, and bring joy to these students. Their services expanded to serve over 5,000 students across 28 schools and sites in Greater Los Angeles, marking a 30% increase from the previous year. Program offerings were broadened to include on-site classes in songwriting and composition, and a music and English language immersion was created for English language learners in high schools and middle schools. The Community Music Academy, which offers tuition-free instrumental and general music instruction to residents in Cypress Park and surrounding areas, aged 5 to 18, saw a significant increase in participants, as well as an expansion in the variety and number of classes offered.
Official website here: www.ymf.org
Who is the CEO of Young Musicians Foundation?
Walter Zooi is the Executive Director of Young Musicians Foundation.
Official website here: www.ymf.org
What is the revenue of Young Musicians Foundation?
Young Musicians Foundation's revenue in 2022 was $1,133,587.
Official website here: www.ymf.org
Who are the executives of Young Musicians Foundation and what are their salaries?
The average compensation at Young Musicians Foundation during 2022 was $14,880. There are 34 employees at Young Musicians Foundation.
Here are 9 key members and their salaries:
- Compensation: $90,025
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Official website here: www.ymf.org
Where can I find the form 990 for Young Musicians Foundation?
Young Musicians Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ymf.org
Learn more at the official website: www.ymf.org
Mission Statement of Young Musicians Foundation
The Young Musicians Foundation, abbreviated as YMF, is a nonprofit organization dedicated to empowering underprivileged and often marginalized students. Through its mission, YMF aims to provide these students with the opportunity to discover creativity, build connections, and experience joy by offering them tuition-free music education, performances, and experiences. By doing so, the foundation strives to make music an accessible and enriching part of their lives.
The Young Musicians Foundation's impact has expanded significantly, reaching over 5,000 students across 28 schools and sites in Greater Los Angeles. This growth has allowed the foundation to introduce new programmatic offerings, such as on-site classes in songwriting and composition, as well as a music and English language immersion program for English language learners in high schools and middle schools. Additionally, the Community Music Academy, located in Cypress Park and surrounding areas, has experienced a significant increase in participants and a broader range of classes offered, providing even more young people with the chance to engage with music.
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Impact
July, 2024
Young Musicians Foundation has made a significant impact by empowering under-served and marginalized students to find creativity, connection, and joy through access to tuition-free music education, performances, and experiences. With a growing service area and an increase in the number of students served to over 5,000 across Greater Los Angeles, the organization has expanded its programmatic offerings to include classes in songwriting, composition, and a music and English language immersion for English language learners in high school and middle school grades. Additionally, the Community Music Academy, catering to community members in Cypress Park and surrounding areas, has seen a substantial increase in participants and classes offered, providing instrumental and general music instruction to individuals aged 5 to 18. Young Musicians Foundation's commitment to offering opportunities for artistic growth and development underscores its dedication to fostering a love for music within diverse communities.
This information is meant to be a general summary of Young Musicians 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: $73,723
- Program Service Revenue: $233,593
- Gross Receipts: $1,133,587
Assets and Liabilities:
- Total Assets: $1,322,376
- Total Liabilities: $0
- Net Assets: $1,322,376
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$233,593
Organization Details
Founding Year
1955
Principal Officer
Walter Zooi
Main Address
1044 EAST JEFFERSON BLVD STE A, LOS ANGELES, CA, 90011
Website
www.ymf.orgNTEE Category
Code: A680 - Arts
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