Hips Road Inc

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

EIN: 133471757 ✦ New york, NY ✦ Designated as a 501(c)(3)

Overview

What is Hips Road Inc?

Hips Road Inc, based in New York, is a nonprofit organization with a mission to support composers and recording artists. By providing funds, they assist these creatives in completing their original compositions, encompassing various activities such as cover design, mastering, and pressing. The aim of Hips Road Inc is to foster artistic development and cultural exchanges, contributing to the growth of the music industry and promoting artistic expression. The organization operates with a small team of two dedicated individuals.


Is Hips Road Inc legitimate?

Hips Road Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hips Road 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.

Here are some key statistics you may want to consider:

Executive Compensation: $10,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,250

For more financial information, click here


What is the mission statement of Hips Road Inc?
Who is the CEO of Hips Road Inc?
What is the revenue of Hips Road Inc?
Who are the executives of Hips Road Inc and what are their salaries?
Where can I find the form 990 for Hips Road Inc?

Mission Statement of Hips Road Inc

Hips Road Inc, a nonprofit organization, is dedicated to supporting the artistic development and fostering cultural exchanges by funding recording artists and composers. Their mission is geared towards promoting creativity and diversity in the music industry. Through various activities, such as cover design, mastering, and pressing, they provide financial assistance to composers and recording artists to complete their original compositions. This support allows these artists to showcase their talents, contribute to the music landscape, and engage in intercultural dialogues.

Impact

This information is meant to be a general summary of Hips Road Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 1, 2024

Hips Road Inc's impact lies in its mission to fund recording artists and composers to promote artistic development and cultural exchanges. By providing grants to artists, Hips Road Inc supports the completion of original compositions, covering essential activities like cover design, mastering, and pressing. This organization plays a crucial role in nurturing talent and fostering creativity within the music industry, ultimately contributing to the cultural landscape and facilitating artistic expression.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,502
  • Program Service Revenue: $695,879
  • Gross Receipts: $755,801

    • Assets and Liabilities:
  • Total Assets: $2,158,396
  • Total Liabilities: $12,954
  • Net Assets: $2,145,442
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    TZADIK LABEL

    Revenue

    $374,443

    ARCANA/AVANT/ET AL

    Revenue

    $14,541

    STONE BENEFIT

    Revenue

    $10,000

    PERFORMANCE REVENUE

    Revenue

    $217,641

    PUBLISHING AND ROYALTY REVENUE

    Revenue

    $42,801

    Organization Details

    Founding Year

    1988

    Principal Officer

    John Zorn

    Main Address

    C/O S NOLE CPA 347 FIFTH AVE, New York, NY, 100165052

    NTEE Category

    Code: Z99Z - Unknown

    If you are a representative of Hips Road Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.