Bel Canto Foundation

Nonprofit profile at a glance

EIN
362886494
IRS 990-EZ coverage
2009–2019
Forms available
Form 990-EZ 2019
Location
Lincolnwood, IL, USA
Phone
7735883622
Rating confidence
Limited

Reported finances

Revenue
$0
Expenses
$16,076
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • JOSEPH MONASTERO SR (PRESIDENT)
  • JACK O'KIEFFE (VICE PRESIDENT)
  • KATHLEEN LIPSCOMB (EXECUTIVE DIRECTOR)

People named in this filing

  • JOSEPH MONASTERO SR (PRESIDENT)
  • JACK O'KIEFFE (VICE PRESIDENT)
  • LAURETTA BERG (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 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Three instances that an individual may receive disbursements:1. An individual (singer) wins a contest and is awarded an all expense paid trip to an opera seminar (sometimes in italy).2. Runners up in the same contest receive financial assistance to apply towards voice study.3. The board of directors determines that a particular singer(s), student, is especially gifted & provides the singer/student with financial assistance.

What it reported doing in 2019

Seminars and miscellaneous expenses for travel to enable recipients to to attend concerts & seminars. Other awards and service costs for runner up contestants.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Grant intermediary. The nonprofit sent 87% of its reported program spending out as grants.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 38
  • Transparency & Controls: 82
  • Sustainability: 7
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -17% per year; rating input score 0; 21st percentile among comparable filings
  • Revenue growth: -23.1% per year; rating input score 0; 13th percentile among comparable filings
  • Asset growth: -14.5% per year; rating input score 0; 14th percentile among comparable filings

Details

  • Where the money goes: 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $16K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 11 filing years from 2009 to 2019
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.