Ascanio's Purse

Nonprofit profile at a glance

EIN
810589153
IRS 990-EZ coverage
2015–2024
Forms available
Form 990 2022, Form 990-EZ 2024, Form 990-N 2013
Location
Denver, CO, USA
Phone
3035648840
Rating
94
Verdict
STRONG
Rating confidence
Moderate
Sector
Opera
Affiliation
Christianity

Reported finances

Revenue
$25,907
Expenses
$156,503
Assets
$230,606
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • JOHN NELSON (PRESIDENT)
  • WILL WYTIAS-SOBEL (CHAIR AND VICE PRESIDENT)
  • ROBERT E SOBEL (EXECUTIVE DIRECTOR)

People named in this filing

  • JOHN NELSON (PRESIDENT)
  • WILL WYTIAS-SOBEL (CHAIR AND VICE PRESIDENT)
  • DAVID FULLER (SECRETARY)

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

Ascanio's purse provides funding for select concerts and recordings of the great french composer hector berlioz in addition to other great masterpieces as evidenced by our latest recording of handel's messiah.

What it reported doing in 2024

To provide funding for select concerts and recordings of the great french composer hector berlioz. A previous sponsored event was the first complete recording of berlioz's opera "benvenuto cellini" on the occasion of the 200th anniversary of the composer's birth in paris, france (december 2003). In 2017 we recorded "les troyens", taken from two live concerts in strasbourg, france and in 2019 we recorded a concert performance of the "requiem" ("grande messe des morts") in st. Paul's cathedral, london, on the 150th anniversary of berlioz's death as well as berlioz's "damnation de faust" in strasbourg. We also recorded berlioz's "romeo and juliette" in strasbourg in june of 2022. In addition, berlioz's "harold en italie"les nuits d'ete" were released in november 2022. To date we have won eight international awards, among them opera recording of the year from gramophone for "les troyens" as well as a number of others. In addition to the above ascanio's purse sponsored another great m

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

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 revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 100
  • Sustainability: 27
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 96.9%; 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: -504.1%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 1.47; rating input score 57; 57th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 7%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: 12.4% per year; rating input score 100; 75th percentile among comparable filings
  • Revenue growth: -1.7% per year; rating input score 0; 45th percentile among comparable filings
  • Asset growth: 4.7% per year; rating input score 100; 57th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 96.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $152K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2015 to 2024
  • 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.

  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 57/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.