American Federation of Musicians Building Fund
Nonprofit profile at a glance
- EIN
- 046307813
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Boston, MA, USA
- Phone
- 6174896400
- Rating
- 51
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $222,580
- Expenses
- $101,371
- Assets
- $4,451,942
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- PATRICK HOLLENBECK (PRESIDENT)
- JOHN SHIU (VICE PRESIDENT)
Highest reported compensation
- PATRICK HOLLENBECK (PRESIDENT): $133,052 total reported compensation
- MARK PINTO (SECRETARY/TREASURER): $128,806 total reported compensation
- JOHN SHIU (VICE PRESIDENT): $3,210 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide a building for the operations of the boston musicians
What it reported doing in 2024
Building operations
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 28
- Transparency & Controls: 90
- Accountability: 18
- Sustainability: 82
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 11.6%; rating input score 12
- Program expense ratio: 62.9%; rating input score 63
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 54.5%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 43.92; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 71.4%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: 27.2% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: 5.1% per year; rating input score 100; 53rd percentile among comparable filings
- Asset growth: 1.1% per year; rating input score 100; 29th percentile among comparable filings
Details
- Where the money goes: 11.6% of revenue deployed · 62.9% of spending went to programs
- Governance: 0 of 9 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $64K in reported program spending
- Leadership: top reported pay $133K · 9 people listed
- Consistency: 18 of 18 current checks pass
- Schedules: 3 filed schedules
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- 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 — Financial Efficiency: Mission deployment rate scored 12/100.
- High — Accountability: Independent voting board scored 0/100.
- Moderate — Accountability: Governance controls: 5 of 9 not reported.
- High — Sustainability: Officer compensation ratio scored 1/100.