Ages Initiatives
Nonprofit profile at a glance
- EIN
- 454729219
- IRS 990-EZ coverage
- 2016–2020
- Forms available
- Form 990-EZ 2020, Form 990-N 2015
- Location
- Charlotte, NC, USA
- Phone
- 7047193074
- Rating
- 92
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Support N.E.C.
- Affiliation
- Christianity
Reported finances
- Revenue
- $175,203
- Expenses
- $166,764
- Assets
- $43,330
- Liabilities
- $48
Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Michael Rallis (President)
- Richard Barrett (Executive Director)
People named in this filing
- Michael Rallis (President)
- Evelyn C Klund (Secretary/Treasurer)
- Lea Osgood (Board Member)
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 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
AGES Initiatives, Inc. promotes and sustains the Orthodox Church's music ministry using current and emerging technologies. To that end, it is developing a multilingual digital library, rubrics engine, and applications for church, home, and classroom, as well as translation tools for use in the mission field.
What it reported doing in 2020
AGES continued to provide thousands of pages of liturgical texts, services, and music scores, for free, to clergy, cantors, choirs and worshipers throughout the world, by means of the AGES Digital Chant Stand and the AGES Liturgical Workbench which is a cross platform software product that provides tools for the creation and distribution of Eastern Orthodox liturgical services for specified days and other occasions.
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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 100
- Sustainability: 30
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.5%; rating input score 93
- Program expense ratio: 97.2%; rating input score 97
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 4.8%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 0.26; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 73.2%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: 45% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: 19.7% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: -33.9% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: 92.5% of revenue deployed · 97.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $162K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2016 to 2020
- Contacts: How to reach this organization
- Money network: 2 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Sustainability: Operating margin scored 36/100.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 1/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.