240 Strings
Nonprofit profile at a glance
- EIN
- 812603612
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2020
- Location
- Portland, ME, USA
- Phone
- 2072212613
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts Education
Reported finances
- Revenue
- $102,331
- Expenses
- $78,290
- Assets
- $40,810
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- EMMY TRACY BERNARD (PRESIDENT/TR)
People named in this filing
- EMMY TRACY BERNARD (PRESIDENT/TR)
- SUSAN KOHLER-GRAY (CHAIR)
- EMILY WHITNEY MUNDY (ARTISTIC DIR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
240 strings mentors and empowers young learners through free classical music education, concerts, and community.
What it reported doing in 2024
Provided free music instruction and performances.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 82
- Sustainability: 48
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.9%; rating input score 70
- Program expense ratio: 91.4%; rating input score 91
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 23.5%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 0.52; rating input score 39; 39th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 76.7%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: -0.4% per year; rating input score 0; 28th percentile among comparable filings
- Revenue growth: 21.1% per year; rating input score 100; 84th percentile among comparable filings
- Asset growth: 17.5% per year; rating input score 100; 77th percentile among comparable filings
Details
- Where the money goes: 69.9% of revenue deployed · 91.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $72K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
- High — Sustainability: Officer compensation ratio scored 1/100.