Tribeca New Music Inc
Overview
Mission
Mission: Tribeca New Music (TNM) is a not-for-profit organization that presents and performs a bold new art music, infused with American pop culture, written by a diverse and inclusive community of contemporary composers.
What it reported doing in 2023
TNM was able to successfully produce and present five live concerts and YouTube Webcast premieres of these events on our Tribeca New Music Festival. The ramping of our webcast premieres has amplified the value and impact of our programming, reaching thousands of people worldwide. Additionally, a new interview initiative "TNM inViews" continued, featuring prominent composers and performers to relate important backstory, programmatic, and marketing information to the public. The concerts were edited in post-production and successfully posted as webcasts, increasing the overall reach, value and impact of these performances. TNM fulfilled its mission in this FY.
Operating model
- Revenue model
- Donor-supported. 89% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
Nonprofit profile at a glance
- EIN
- 133903490
- IRS 990-EZ coverage
- 2013–2023
- Forms available
- Form 990-EZ 2023
- Headquarters
- New York, NY, USA
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Performing Arts Organizations
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and available reserves provide a limited financial cushion.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 100
- Accountability: NotEnoughData
- Sustainability: 58
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91%; rating input score 91
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 31.8%; rating input score 83; 83rd percentile among comparable filings
- Operating reserve ratio: 1.32; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 26.9%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: 5% per year; rating input score 100; 63rd percentile among comparable filings
- Revenue growth: 5.1% per year; rating input score 100; 72nd percentile among comparable filings
- Asset growth: 14.3% per year; rating input score 100; 79th percentile among comparable filings
Details
- Where the money goes: 91% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $87K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 7 annual filings from 2013 to 2023
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.