Bandwagon Institute for the Arts
Nonprofit profile at a glance
- EIN
- 815366305
- IRS 990-EZ coverage
- 2017–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Kalaheo, HI, USA
- Phone
- 8082782723
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Performing Arts Schools
Reported finances
- Revenue
- $174,271
- Expenses
- $172,438
- Assets
- $62,017
- Liabilities
- $2,158
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- JEREMY HARTSHORN (PRESIDENT)
People named in this filing
- JULIE HARTSHORN (VICE PRESIDE)
- JEREMY HARTSHORN (PRESIDENT)
- KATHLEEN KOLAR (DIRECTOR)
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
To bring hands-on applied music, art & performance education to kauai
What it reported doing in 2024
Bandwagon provides low cost music lessons & performance opportunities to kauai youth, teaching over 1500 lessons to kids from hanalei to waimea and coaching 22 bands.
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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 100
- Sustainability: 32
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.2%; rating input score 81
- Program expense ratio: 82.1%; rating input score 82
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: 1.1%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 0.36; rating input score 29; 29th percentile among comparable filings
- Liabilities to assets ratio: 0.03; rating input score 33; 33rd percentile among comparable filings
- Officer compensation ratio: 19.2%; rating input score 16; 16th percentile among comparable filings
Growth
- Program expense growth: 3.7% per year; rating input score 100; 43rd percentile among comparable filings
- Revenue growth: 7.4% per year; rating input score 100; 58th percentile among comparable filings
- Asset growth: 0.3% per year; rating input score 100; 28th percentile among comparable filings
Details
- Where the money goes: 81.2% of revenue deployed · 82.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $142K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2017 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.
- Moderate — Sustainability: Operating margin scored 37/100.
- High — Sustainability: Total-asset coverage ratio scored 29/100.
- High — Sustainability: Officer compensation ratio scored 16/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 33/100.