Overview
What is Musicares Foundation Inc?
Musicares Foundation Inc is a nonprofit organization based in Santa Monica, California, providing essential assistance to individuals in the music industry. With a team of 30 employees, Musicares offers financial aid for basic living expenses, medical needs, and other emergencies, with a lifetime maximum of $15,000, extendable to $25,000 under exceptional circumstances. Eligibility is granted to recording industry personnel, music business staff, and other music community members who have worked in the industry for at least five years and are facing unexpected financial, medical, or personal crises. The organization's services include mental health and addiction recovery, health services, and human services. Musicares' mission is to support the human beings behind the music by addressing their mental health, health, and basic living needs.
Official website here: www.musicares.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%
The Musicares Foundation Inc has earned an impressive Four-Star out of Four Star rating from Charity Navigator, indicating exceptional accountability and financial transparency. With a perfect score in Accountability & Finance, the organization demonstrates robust fiscal management practices and a commitment to ethical governance through its independent board comprised entirely of 19 members. The foundation's financial health is also reflected in its low liabilities to assets ratio and high program expense ratio, signifying that a large portion of funds is directed towards its mission.
Additionally, the Musicares Foundation excels in community engagement and feedback strategies, achieving a near-perfect score in Culture & Community. The organization actively collects and utilizes feedback to improve its services, showcasing its dedication to its constituents. This commitment to transparency and responsiveness further enhances its reputation in the nonprofit sector.
However, while the organization performs exceptionally well in most areas, the feedback does not highlight any significant weaknesses or concerns. As a result, Musicares Foundation Inc stands out as a highly effective nonprofit, adept in both leadership and adaptability while maintaining strong equity strategies and financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Musicares Foundation Inc legitimate?
Musicares Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Musicares 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,558,241
For more financial information, click here
Official website here: www.musicares.org
What is the mission statement of Musicares Foundation Inc?
Musicares Foundation Inc focuses on providing essential health and welfare services to individuals in the music industry. In three key areas, Musicares offers support: mental health and addiction recovery, health services, and human services. For mental health and addiction recovery, Musicares offers counseling, psychiatric care, and financial assistance for various treatment programs, including inpatient treatment, coaching, and sober living.
Regarding health services, Musicares offers financial assistance during medical crises and provides preventive services like dental and medical screenings, hearing clinics, and workshops on vocal health. Lastly, Musicares' human services address basic living expenses and offer programs addressing affordable housing, career development, legal issues, and senior services. Overall, Musicares aims to help the humans behind the music by providing critical services when they need it most.
Official website here: www.musicares.org
Who is the CEO of Musicares Foundation Inc?
Harvey Mason Jr is the Vice-Chair of Musicares Foundation Inc. The CEO's salary of Musicares Foundation Inc is $0 and their total compensation is $0.
Official website here: www.musicares.org
What is the revenue of Musicares Foundation Inc?
Musicares Foundation Inc's revenue in 2022 was $12,363,939.
Official website here: www.musicares.org
Who are the executives of Musicares Foundation Inc and what are their salaries?
The average compensation at Musicares Foundation Inc during 2022 was $85,275. There are 30 employees and 150 volunteers at Musicares Foundation Inc.
Here are 28 key members and their salaries (Musicares Foundation Inc's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $295,079
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- Compensation: $197,810
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- Compensation: $175,569
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- Compensation: $130,420
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- Other: $34,451
- Compensation: $126,357
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- Other: $21,084
- Compensation: $210,000
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- Other: $20,140
Official website here: www.musicares.org
Where can I find the form 990 for Musicares Foundation Inc?
Musicares Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.musicares.org
Learn more at the official website: www.musicares.org
Mission Statement of Musicares Foundation Inc
Musicares Foundation Inc, a prominent non-profit organization, is dedicated to providing essential health and welfare services to the music community in three crucial areas: mental health and addiction recovery, health services, and human services. This safety net ensures that the individuals behind the music, who enrich our world with their talent, are taken care of when they face various challenges.
In the realm of mental health and addiction recovery, Musicares Foundation offers a comprehensive range of services. These include support, referrals, and emergency financial assistance for counseling, psychiatric care, inpatient treatment, coaching, and intensive outpatient care. Musicares also provides resources for sober living and other necessary rehabilitation services.
The health services arm of Musicares Foundation extends financial assistance during medical crises and offers preventive services such as dental and medical screenings, hearing clinics, vocal health workshops, and assistance in obtaining low-cost health insurance. By addressing these critical health needs, Musicares plays a significant role in maintaining the well-being of music industry professionals.
Additionally, Musicares Foundation addresses the human services required by the music community. This encompasses support for basic living expenses like rent, utilities, car payments, and insurance premiums during hardships. Musicares also offers programs addressing affordable housing, career development, legal issues, and senior services. Through these initiatives, Musicares Foundation ensures that the individuals in the music industry are able to focus on their craft while having the necessary support for their well-being and livelihood.
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Impact
October, 2024
Musicares Foundation Inc provides a vital safety net for the music community, addressing critical health and welfare needs through comprehensive services in mental health, physical health, and human services. By offering financial assistance up to $10,000 annually—potentially extending to $25,000 in extraordinary situations—they alleviate the burden of unforeseen medical, personal, or financial crises faced by recording industry professionals. This includes support for healthcare costs, rent or mortgage payments, and insurance premiums, ensuring that musicians, composers, engineers, and others can stabilize their lives during challenging times.
Moreover, Musicares enhances community well-being through outreach and education programs, which include workshops, seminars, and individual consultations on essential health and human service topics. They provide resources tailored to proactive engagement with pressing issues in the music industry, covering aspects of mental health and addiction recovery, preventive health services, and support for basic living expenses. By doing so, Musicares underscores its mission of helping "the humans behind the music," recognizing that their well-being is crucial for the vibrancy and richness of the musical landscape.
This information is meant to be a general summary of Musicares 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 2022.
- Investment Income: $1,873,488
- Gross Receipts: $17,859,097
Assets and Liabilities:
- Total Assets: $27,300,020
- Total Liabilities: $1,446,496
- Net Assets: $25,853,524
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Organization Details
Founding Year
1989
Phone
(310) 392-3777Principal Officer
Harvey Mason Jr
Main Address
3030 OLYMPIC BOULEVARD, SANTA MONICA, CA, 90404
Website
www.musicares.orgNTEE Category
Code: A68Z - Arts
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