We calculate the charity's average expenses over its three most recent fiscal years. Read the IRS policies for compensation reporting, Learn more about the BMF on the IRS website, Click here to view this organization's Forms 990 on the IRS website. Please check with the charity directly for any questions you may have. NAMM Foundation Website 2022, NAMM Foundation and its parent (or licensors). You're faster than our page! We compute the average annual growth of program expenses using the following formula: [(Yn/Y0)(1/n)]-1, where Y0 is a charity's program expenses in the first year of the interval analyzed, Yn is the charity's program expenses in the most recent year, and n is the interval of years passed between Y0 and Yn. Life Under The Wheel Partners with festivals like Bonnaroo, Forecastle, Life is Beautiful and more to curate unique experiences for its beneficiaries. The amounts do not include nontaxable benefits, deferred compensation, or other amounts not reported on Form W-2. This beacon provides an assessment of the organization's leadership capacity, strategic thinking and planning, and ability to innovate or respond to changes in constituent demand/need or other relevant social and economic conditions to achieve the organization's mission. Save The Music Foundation is a non-profit organization dedicated to restoring instrumental music education in America's public schools and raising awareness about the importance of music as part of each child's complete education. U. nder the shadow of Covid-19, the nation's top 100 charities reported a 10% increase in private donations during their most recently reported fiscal years . Kids get the chance to showcase their skills in the groups Roots of Music Marching Crusaders, a marching band that has performed at numerous events including Mardi Gras, Essence Music Festival and the inauguration of Louisianas governor, John Bel Edwards. Music is complex; that is, it uses so many aspects of a person's being." With a goal of preserving New Orleans rich musical and cultural heritage in mind, the non-profit operates an after-school program for at-risk youth that includes music and academic tutoring. CharityWatch, founded in 1992 as the American Institute of Philanthropy (AIP), is America's most independent, assertive charity watchdog.CharityWatch does not merely repeat what a charity reports using simplistic or automated formulas. The NAMM FOUNDATION, NAMM FOUNDATION plus logo design, NAMM, NATIONAL ASSOCIATION OF MUSIC MERCHANTS, and all other names, logos, and icons identifying the NAMM Foundation and its programs, products, and services are proprietary trademarks of the NAMM Foundation (or its parent or licensors), and any use of such marks without the express written permission of the NAMM Foundation is strictly prohibited. It also scored a slightly higher 2.0 rating in the 18-34 female demographic. Save The Music Foundation has earned a 0% for the Leadership & Adaptability beacon. Feb. 3, 2018. As reported by charities on their IRS Form 990, this measure reflects what percent of its total budget a charity spends on overhead, administrative staff and associated costs, and organizational meetings. A policy that refers to donor information collected on the website is also not sufficient as the policy must be comprehensive and applicable to both online and offline donors. Save The Music Foundation cannot currently be evaluated by our Impact & Results methodology because either (A) it is eligible, but we have not yet received data; (B) we have not yet developed an algorithm to estimate its programmatic impact; (C) its programs are not direct services; or (D) it is not heavily reliant on contributions from individual donors. No Credit: The charity did not have its audited financials prepared by an independent accountant. The committee provides an important oversight layer between the management of the organization, which is responsible for the financial information reported, and the independent accountant, who reviews the financials and issues an opinion based on its findings. They should be prepared by an independent accountant with oversight from an audit committee. Get involved with TheWaterWheel Foundation here. While there are too many worthy music-related charities to list here, we hope the ones above will help crystallize your desire to give back to a community that makes life so much sweeter. The Liabilities to Assets Ratio is determined by Total Liabilities divided by Total Assets (most recent 990). It provides resources and space to members building inclusive communities where creativity is turned into a powerful tool for societal change. The privacy policy must be specific to donor information. Sources Include: IRS Form 990 and organization's website. For support: @WixHelp. The committee provides an important oversight layer between the management of the organization, which is responsible for the financial information reported, and the independent accountant, who reviews the financials and issues an opinion based on its findings. The Save The Music Foundation is a 501(c)(3) nonprofit that helps students, schools, and communities reach their full potential through the power of making music. We calculate the charity's average total expenses over its three most recent fiscal years. A private operating foundation. The non-profit supplies musical instruments and education resources at no cost to school districts around the country in order to restore and preserve music programs. Save The Music is dedicated to helping students, schools, and communities reach their full potential through the power of making music. HUNGRY FOR MUSIC INC - GuideStar Profile. This beacon provides an assessment of a charity's financial health (financial efficiency, sustainability, and trustworthiness) and its commitment to governance practices and policies. The organization connects artists, music professionals and their families with mental health and wellness resources. A general website policy which references "visitor" or "user" personal information will not suffice. We are celebrating 25 years of delivering equitable access to music education for millions of students nationwide! The NAMM Foundation provides you only with a revocable, limited, non-exclusive, nontransferable license to access and view on a remotely accessible basis a single copy of the [Insert Title for Foundation Website, e.g., NAMM Foundation Site (and its available materials or content)] solely for your personal purposes. Browse for top Music charities and nonprofits to donate to and volunteer for! This means you can license any music track for your charity project, pay a single fee and it's covered forever. Read the IRS policies for compensation reporting. Learn more about The Rex Foundation here. Often at smaller charities, it falls within the responsibilities of the finance committee or the executive committee.) Audited financial statements provide important information about financial accountability and accuracy. Determines how long a charity could sustain its level of spending using its net available assets, or working capital, as reported on its most recently filed Form 990. Learn how to get involved with MusiCares by clicking here. The foundation partners with The New Orleans Center for Creative Arts and Fredman Music Business Institute to provide underserved students with a comprehensive education that includes instruction in music, academics, and the music business. A '0' ranking means that the charity fails to perform the specific task category adequately or at all. Since inception, the organization has donated over $60 million worth of new musical instruments, equipment, and technology to 2,201 schools in 277 school districts around the country - impacting the lives of hundreds of thousands of students. Dividing a charity's average program expenses by its average total functional expenses yields this percentage. Dividing these net available assets in the most recent year by a charity's average total expenses, yields the working capital ratio. Cart ID: Not Assigned, Copyright 2022 | EIN 13-4148824 | Bridge ID 3108588923. Charity Navigator looks to confirm on the Form 990, or for some metrics on the charity's website, that the organization makes this information easily accessible. Charity Navigator looks to confirm on the Form 990, or for some metrics on the charity's website, that the organization makes this information easily accessible. See how you can help Little Kids Rock here. Get involved with Hungry For Music here. We check the charity's Form 990 reporting to see if it meets this criteria. The VH1 Save The Music Foundation is a nonprofit organization dedicated to restoring instrumental music education programs in America's public schools, and raising awareness about the. . Ratings are updated annually based on two broad areas of a charity's performance: Financial Health and Accountability & Transparency. We calculate the charity's average expenses and average contributions over its three most recent fiscal years. Full Credit: The charity's audited financials were prepared by an independent accountant with an audit oversight committee. Thus far, the organization has served 650,000 students across the nation. No Credit: There has been a diversion of assets within the last two years and the charity's explanation on Schedule O is either non-existent or not sufficient. Among the best-known music foundations, VH1 Save The Music Foundation was established in 1997 by MTV Executive John Sykes with a goal of revitalizing school music programs. We compute the average annual growth of program expenses using the following formula: [(Yn/Y0)(1/n)]-1, where Y0 is a charity's program expenses in the first year of the interval analyzed, Yn is the charity's program expenses in the most recent year, and n is the interval of years passed between Y0 and Yn. MOREOVER, IN NO EVENT SHALL THE NAMM FOUNDATION (or its parent or licensors) BE LIABLE FOR ANY INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, OR CONSEQUENTIAL DAMAGES ARISING OUT OF OR IN ANY WAY CONNECTED WITH YOUR USE OF THE NAMM FOUNDATION WEBSITE. No royalties, no expiration, no problem! The group has also formed relationships with music industry corporate entities, such as AC Entertainment and Everfest, which contribute to the grant programs success. Opt-out: The charity has a written privacy policy published on its website which enables donors to tell the charity to remove their names and contact information from lists the charity shares or sells. We check the charity's last two Forms 990 to see if the charity has reported any diversion of assets. Founded in 2008 by Jack Johnson and his wife Kim, the Johnson Ohana Foundation promotes positive and lasting change within communities by supporting organizations that focus on environmental, art and music education. Privacy policies are assigned to one of the following categories: Yes: This charity has a written donor privacy policy published on its website, which states unambiguously that (1) it will not share or sell a donor's personal information with anyone else, nor send donor mailings on behalf of other organizations or (2) it will only share or sell personal information once the donor has given the charity specific permission to do so. 13. (BMF affiliation code: 3). Con artists refer to what they do as a hustle. If this organization aligns with your passions and values, you can give with confidence. Patterned after similar non-profits, the fund has helped over 800,000 artists who might otherwise be sidelined illness, financial stress or other personal emergencies. You can also look for top-rated alternative charities, typically smaller and lesser-known nonprofits, which are recommended by ratings groups such as GiveWell, GlobalGiving, and ImpactMatters.. As one of the leading music foundations in the United States, we support our partner communities in three ways: Experience the power of music foundations, Donate $50 and give one child music instruction and instrument lessons for a year, Pledge your birthday to get involved with one of the top music charities. See the metrics below for more information. Fans whove participated in one of Cloud 9 Adventures wildly fun and successful destination music events are well familiar with Positive Legacy and their good works. Find out more about the Musicians Foundationhere. This measure reflects what a charity spends to raise money. Learn more about our criteria and methodology. As reported by charities on their IRS Form 990, this measure reflects what percent of its total budget a charity spends on overhead, administrative staff and associated costs, and organizational meetings. The Save The Music Core Grant program restores instrumental music in public schools across the country by providing grants of new musical instruments, music stands, method books, and program services valued at $61,000. All these parts collaborate. Since music is our passion at MusicFestNews, weve put together a list of music-related charities that give back to the musicians that bring us so much joy as well as preserve their legacy through outreach and education. If the charity does report a diversion, then we check to see if it complied with the Form 990 instructions by describing what happened and its corrective action. The IRS is significantly delayed in processing nonprofits' annual tax filings (Forms 990). Moreover, the NAMM Foundation Site (and its available materials or content) cannot be further copied, modified, or excerpted; used, displayed, transmitted, or distributed with or to third parties; or offered for resale or use, without the prior written consent of the NAMM Foundation. Learn more about the IBMA Bluegrass Trust Fund here. (More) Rating Information Good This charity's score is 83%, earning it a Three-Star rating. Save The Music Foundation has earned a 0% for the Leadership & Adaptability beacon. This ratio is an indicator of an organizations solvency and or long term sustainability. Dividing a charity's average fundraising expenses by its average total functional expenses yields this percentage. Fundraising expenses can include campaign printing, publicity, mailing, and staffing and costs incurred in soliciting donations, memberships, and grants. Founded in 2013 by world-renowned trombonist and bandleader Troy Trombone Shorty Andrews, the Trombone Shorty Foundation carries on the time-honored tradition of passing down New Orleans unique musical heritage to the citys youth. In some cases, these amounts may include compensation from related organizations. Show more NAMM Foundation Website 2022, NAMM Foundation and its parent (or licensors). Save The Music Foundation has earned a 83% for the Accountability & Finance beacon. Learn about wise giving, issues addressed by BBB Charity Standards, and how BBB Wise Giving Alliance completes evaluative reports on charities. Racial Justice & Representation. Among the best-known music foundations, VH1 Save The Music Foundation was established in 1997 by MTV Executive John Sykes with a goal of revitalizing school music programs. Generally, a central organization holding a group exemption letter, whose subordinate units covered by the group exemption are also eligible to receive tax-deductible contributions, even though they are not separately listed. Successful Inc. is proud to announce a partnership with Memphis Music Initiative (MMI) and the Save The Music Foundation, in order to bring more musical instruments to youth in the Mississippi Delta and Memphis regional communities. In this case, we deduct 15 points from the charity's Accountability and Transparency score. See how you can help Backline here. The music community is filled with generous spirits and philanthropic organizations that give back. We calculate the charity's average expenses and average contributions over its three most recent fiscal years. The rest of a typical charity's budget goes to administrative costs (15 percent) and fundraising (10 percent). This compensation data includes salary, cash bonuses and expense accounts and is displayed exactly how it is reported to the IRS. THE NAMM FOUNDATION WEBSITE AND ITS CONTENT AND MATERIALS ARE PROVIDED ON AN "AS-IS" BASIS, WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED. To calculate a charity's fundraising efficiency, we divide its average fundraising expenses by the average total contributions it receives. Get involved with Positive Legacy here. The Liabilities to Assets Ratio is determined by Total Liabilities divided by Total Assets (most recent 990). Please check with the charity directly for any questions you may have. The IRS is significantly delayed in processing nonprofits' annual tax filings (Forms 990). The Giving Basket is having some issues. Current CEO and Board Chair can be found in the Leadership & Adaptability report below. 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