Better Business Bureau Report for
International Music Foundation

Better Business Bureau Report issued May 2016
Better Business Bureau Report expires May 2018


Does not meet one or more standards
This charity does not meet one or more of the 20 standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: International Music Foundation
Address: 650 North Dearborn Street, Suite 350
  Chicago, IL 60610
Phone: 312-670-6888
Web Address: www.imfchicago.org
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Better Business Bureau Comments

Year, State Incorporated: 1979, Illinois
Affiliates: None
Stated Purpose: The International Music Foundation is dedicated to providing music performances and music education – free of charge – for people of all ages and degrees of musical awareness, so they might experience how music can enrich their lives.

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Evaluation Conclusions

              

International Music Foundation does not meet the following 2 Standards for Charity Accountability.

Standard 17: Web Site Disclosures - Include on any charity websites that solicit contributions, the same information that is recommended for annual reports, as well as the mailing address of the charity and electronic access to its most recent IRS Form 990.

International Music Foundation does not meet this Standard because the organization's website, www.imfchicago.org, does not include all of the recommended information for those charity websites that solicit for donations. Specifically, it does not include:

  • The organization’s mission statement.
  • A summary of program service accomplishments.
  • A roster of the board of directors.
  • Total income.
  • Total program expenses.
  • Total fund raising expenses.
  • Total administrative expenses.
  • End of year net assets.
  • The organization’s mailing address.
  • Electronic access to the organization’s most recent IRS Form 990.

Standard 18: Privacy for Written Appeals & Internet Privacy - Address privacy concerns of donors by (a) providing in written appeals, at least annually, a means (e.g., such as a check off box) for both new and continuing donors to inform the charity if they do not want their name and address shared outside the organization, (b) providing a clear, prominent and easily accessible privacy policy on any of its websites that tells visitors (i) what information, if any, is being collected about them by the charity and how this information will be used, (ii) how to contact the charity to review personal information collected and request corrections, (iii) how to inform the charity (e.g., a check off box) that the visitor does not wish his/her personal information to be shared outside the organization, and (iv) what security measures the charity has in place to protect personal information.

International Music Foundation does not meet this Standard because the privacy policy on this website, www.imfchicago.org does not indicate:

  • What personal information is being collected and how it will be used.
  • How to contact the charity to review personal information that is collected and request corrections.
  • How to inform the charity that the visitor does not want his/her information shared with others.
  • What security measures are in place to protect personal information that is collected.
International Music Foundation meets the remaining 18 Standards for Charity Accountability.
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Programs

              

They produce the Dame Myra Hess Memorial Concerts every Wednesday of the year at the Chicago Cultural Center and broadcast on WFMT. The concerts present emerging classical musicians. They produce the Do-It-Yourself-Messiah at the Harris Theater, a public sing-along of Handel's Messiah. They have 2 performances in December. They produce Live Music Now! for students in grades K - 8 in the Chicago Public Schools.

For the fiscal year ended June 30, 2015, International Music Foundation's program expenses were:

  
musicians 150,496
salaries 97,008
donated facilties 57,800
program expense 33,872
other employee benefits 12,442
marketing 9,837
payroll taxes 7,561
concert expenses 3,275
pension plan 3,262
Total Program Expenses: $375,553
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Governance

              

Chief Executive : Ann Murray, Executive Director
Compensation*: 
$86,500

Chair of the Board: Emil Zbella
Chair's Profession / Business Affiliation: Former Senior Vice President, Manager Advertising and Promotions at LaSalle Bank/ABN AMRO.

Board Size: 8

Paid Staff Size: 3

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail, grant proposals
Fund raising costs were 11% of related contributions. (Related contributions, which totaled $397,773, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on International Music Foundation's audited financial statements for the fiscal year ended June 30, 2015.

Source of Funds  
contributions 397,310
ticket sales 57,800
shared revenue 37,986
donated facilities 463
interest income 326
Total Income $493,885


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Uses of Funds as a % of Total Expenses

Programs: 78%  Fund Raising: 9%  Administrative: 13% 

Total income $493,885
Program expenses $375,553
Fund raising expenses 44,716
Administrative expenses 64,060
Total expenses $484,329
Income in Excess of Expenses 9,556
Beginning net assets 309,006
Ending net assets 318,562
Total liabilities 0
Total assets $369,018


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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