Overview
What is Neighborhood Music School Association?
The Neighborhood Music School Association, situated in Los Angeles, California, is a nonprofit organization that offers individual music lessons to over 300 students. Their repertoire includes various instruments such as piano, violin, guitar, drums, cello, woodwinds, brass, and voice. The instructors are accomplished musicians and educators who dedicate themselves to providing music training and mentorship to the students. Notably, many of these students come from underprivileged backgrounds and may not otherwise have access to music education. The mission of the Neighborhood Music School Association is to inspire minds and enrich their community through music education. By providing one-on-one instruction, the school aims to positively impact the lives of its students. The organization is staffed by 34 employees in total.
Official website here: www.neighborhoodmusic.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
The Neighborhood Music School Association has received a commendable Four-Star rating from Charity Navigator, reflecting a score of 96%. This high rating indicates exceptional accountability and financial health, which is crucial for donor confidence. The score is derived solely from its Accountability & Finance beacon, signifying that the organization meets rigorous standards in these areas.
The Association boasts a fully independent board with eight members, earning top marks in governance. Additionally, their financial management is solid, with no reported material diversions of assets and a favorable liabilities to assets ratio of just 3.36%. The organization also demonstrates transparency by maintaining a conflict of interest policy and having essential documents like board meeting minutes readily available.
While the organization's financial practices are exemplary, it's important for potential donors to consider the sustainability of its programs and outreach efforts. The program expense ratio stands at 70.18%, indicating a significant focus on programmatic spending, which is a positive sign of its commitment to mission-driven work. Overall, the Neighborhood Music School Association presents itself as a trustworthy organization with strong financial practices and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Neighborhood Music School Association legitimate?
Neighborhood Music School Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neighborhood Music School Association 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: $105,629
Professional Fundraising Fees: $0
Other Salaries and Wages: $401,856
For more financial information, click here
Official website here: www.neighborhoodmusic.org
What is the mission statement of Neighborhood Music School Association?
The Neighborhood Music School Association's mission is to inspire intellectual growth and enrich the community through music education. They achieve this by offering one-on-one music lessons to over 300 students in various instruments, such as piano, violin, guitar, drum, cello, woodwinds, brass, and voice. The instructors are professional musicians and educators who not only provide music training but also serve as mentors to the students. Many of these students come from underprivileged backgrounds and would not otherwise have access to music instruction.
Official website here: www.neighborhoodmusic.org
Who is the CEO of Neighborhood Music School Association?
Karen Louis is the President of Neighborhood Music School Association.
Official website here: www.neighborhoodmusic.org
What is the revenue of Neighborhood Music School Association?
Neighborhood Music School Association's revenue in 2023 was $1,386,202.
Official website here: www.neighborhoodmusic.org
Who are the executives of Neighborhood Music School Association and what are their salaries?
The average compensation at Neighborhood Music School Association during 2023 was $14,926. There are 34 employees and 75 volunteers at Neighborhood Music School Association.
Here are 9 key members and their salaries:
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- Compensation: $106,535
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Official website here: www.neighborhoodmusic.org
Where can I find the form 990 for Neighborhood Music School Association?
Neighborhood Music School Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.neighborhoodmusic.org
Learn more at the official website: www.neighborhoodmusic.org
Mission Statement of Neighborhood Music School Association
The Neighborhood Music School Association, a renowned organization, is committed to inspiring minds and enriching the community through music education. By providing one-on-one music instruction, this association aims to positively impact the lives of over 300 students. These students engage in lessons across various instruments such as piano, violin, guitar, drums, cello, woodwinds, brass, and voice. The instructors, who are professional musicians and educators, offer music training and mentorship to these students, many of whom come from underprivileged backgrounds and may not otherwise have access to music instruction. The Neighborhood Music School Association's mission is to leverage the power of music to uplift and educate, contributing to a more vibrant and culturally rich community.
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Impact
July, 2024
The Neighborhood Music School Association in Los Angeles, CA, is making a significant impact by providing one-on-one music instruction to over 300 students in piano, violin, guitar, drums, cello, woodwinds, brass, and voice. Through this program, professional musicians and educators mentor and train students, many of whom are underprivileged and may not have access to music education otherwise. By inspiring minds and enriching the community through music education, the association is changing the lives of its students and fostering a love for the arts.
This information is meant to be a general summary of Neighborhood Music School Association. 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: $140,349
- Program Service Revenue: $253,102
- Gross Receipts: $1,555,617
Assets and Liabilities:
- Total Assets: $5,454,309
- Total Liabilities: $183,492
- Net Assets: $5,270,817
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MUSIC LESSONS: TUITION
Revenue
$253,102
Organization Details
Founding Year
1936
Phone
(323) 268-0762Principal Officer
Karen Louis
Main Address
358 S BOYLE AVENUE, LOS ANGELES, CA, 90033
Website
www.neighborhoodmusic.orgNTEE Category
Code: A6E0 - Arts
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