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The Gift Of Music Foundation Inc

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

EIN: 473268303 ✦ Marietta, GA ✦ Designated as a 501(c)(3)

Overview

What is The Gift Of Music Foundation Inc?

The Gift of Music Foundation Inc, based in Marietta, Georgia, is a nonprofit organization dedicated to enriching lives through music education. Their primary mission is to provide essential resources to support youth music programs, ensuring music's continued significance in our lives. The foundation offers various plans to make instruments accessible to students from diverse financial backgrounds. These plans include the Partner Plan, Reduced Plan, and the Gift of Music Plan, each designed to cater to families' specific needs. The plans offer flexible rental options, with the Gift of Music Plan being interest-free for qualified families. The foundation also includes repair and maintenance services at no additional cost in all plans. With a team of 11 employees, The Gift of Music Foundation Inc is committed to fostering a musical community where every child can participate and thrive.


Official website here: www.giftofmusic.org

Is The Gift Of Music Foundation Inc legitimate?

The Gift Of Music Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Gift Of Music 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.

Here are some key statistics you may want to consider:

Executive Compensation: $49,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $269,313

For more financial information, click here


Official website here: www.giftofmusic.org

What is the mission statement of The Gift Of Music Foundation Inc?

The Gift of Music Foundation Inc's mission is centered around providing essential resources to support music programs and education for youth. By doing so, the organization aims to ensure that music continues to play a vital role in enriching our lives. One of their key initiatives is the Access to Instruments (ATI) program, which offers various rental plans for musical instruments. This program caters to families of all financial backgrounds, with pricing based on need. The Foundation also has a "Partner Plan" and a "Reduced Plan" for families receiving nutrition assistance, and a "Gift of Music Plan" for families meeting income and household size qualifications. These plans include repair and maintenance services at no additional cost.


Official website here: www.giftofmusic.org

Who is the CEO of The Gift Of Music Foundation Inc?

Christopher R Monroe is the Ceo/Exec Dir of The Gift Of Music Foundation Inc. The CEO's salary of The Gift Of Music Foundation Inc is $25,000 and their total compensation is $25,000.


Official website here: www.giftofmusic.org

What is the revenue of The Gift Of Music Foundation Inc?

The Gift Of Music Foundation Inc's revenue in 2022 was $990,626.


Official website here: www.giftofmusic.org

Who are the executives of The Gift Of Music Foundation Inc and what are their salaries?

The average compensation at The Gift Of Music Foundation Inc during 2022 was $28,983. There are 11 employees and 15 volunteers at The Gift Of Music Foundation Inc.

Here are 9 key members and their salaries (The Gift Of Music Foundation Inc's CEO's salary is $25,000 and their total compensation is $25,000):

    Christopher R Monroe (Ceo/Exec Dir)
  • Compensation: $25,000
  • Related: $0
  • Other: $0

    • D Scott Keefer (Vice Pres/Cc)
  • Compensation: $24,500
  • Related: $0
  • Other: $0

    • A Dixon Marlow (Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jamie Gordon (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pam Brems (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Eckert (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charissa Gransden (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Journell Henry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Louis Lugo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.giftofmusic.org

    Where can I find the form 990 for The Gift Of Music Foundation Inc?

    The The Gift Of Music Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.giftofmusic.org

    Learn more at the official website: www.giftofmusic.org

    Mission Statement of The Gift Of Music Foundation Inc

    The Gift of Music Foundation Inc is committed to providing essential resources that support music programs and education for youth. Their mission is to ensure that music continues to play a vital role in enriching our lives. To achieve this, they have developed various plans to make musical instruments accessible to beginners, regardless of their financial means.

    The foundation's Access to Instruments (ATI) program is a key initiative. This innovative model offers three plans: the Partner Plan, the Reduced Plan, and the Gift of Music Plan. The Partner Plan is open to all families, with a monthly rental rate that helps subsidize other plans. The Reduced Plan, on the other hand, is designed for families receiving any kind of nutrition assistance, such as free or reduced lunch, SNAP, and so on. The Gift of Music Plan is an option for families meeting further income and household size qualifications, with a small application fee and no monthly rental payments. All these plans include repair and maintenance services at no additional cost. Moreover, both the Partner and Reduced Plans are month-to-month rent-to-own contracts that can be cancelled and returned anytime, while the Gift of Music Plan can be renewed each school year.

    In summary, The Gift of Music Foundation Inc's mission is to provide essential resources to support music programs and education for youth, ensuring that music remains an integral part of our lives. They achieve this through their Access to Instruments program, offering various plans to make instruments accessible to beginners, regardless of their financial situations.

    Impact

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




    Saturday, July 20, 2024

    The Gift Of Music Foundation Inc's impact is significant in providing essential resources to support music programs and education for youth. Through their Access to Instruments (ATI) program, they offer access to instruments needed for students to participate in band or orchestra. Their innovative model serves families of all financial means, with pricing based on need. This includes plans such as the "Partner Plan," "Reduced Plan," and "Gift of Music Plan," each tailored to different income and household size qualifications. Additionally, all plans include repair and maintenance services at no extra cost. This organization is based in Marietta, GA, and their mission is to ensure that music continues to play a vital role in enriching our lives.





    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: $121
  • Program Service Revenue: $204,463
  • Gross Receipts: $1,086,225

    • Assets and Liabilities:
  • Total Assets: $348,866
  • Total Liabilities: $310,234
  • Net Assets: $38,632
  • Programs

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

    PROGRAM SERVICES

    Revenue

    $204,463

    Organization Details

    Founding Year

    2015

    Principal Officer

    Christopher R Monroe

    Main Address

    590 COMMERCE PARK DRIVE SE 175, MARIETTA, GA, 30060

    NTEE Category

    Code: P20 - Human services

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