Blacksburg Master Chorale

Nonprofit profile at a glance

EIN
541581413
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Blacksburg, VA, USA
Phone
6514911565
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Music Groups, Bands, Ensembles

Reported finances

Revenue
$113,357
Expenses
$89,599
Assets
$109,926
Liabilities
$0

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

Leadership & pay

13 people listed

Executive titles in this filing

  • Judy Ruggles (Vice President of Membership)
  • Susan Hansen (Vice President of Development)
  • Bobby Buchanan (President)

People named in this filing

  • Julanne Stephenson (Board Member)
  • Judy Ruggles (Vice President of Membership)
  • Peggy Layne (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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Choral performances for local community

What it reported doing in 2024

Blacksburg Master Chorale and Blacksburg Childrens Choir held various performances throughout the year that were open to the general public.

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 - The filed numbers largely add up and a large share of available resources goes toward mission work. No material rating questions were generated from the available inputs.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 100
  • Sustainability: 71
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73%; rating input score 73
  • Program expense ratio: 91.5%; rating input score 91

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: 21%; rating input score 75; 75th percentile among comparable filings
  • Total-asset coverage ratio: 1.23; rating input score 66; 66th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 10.2% per year; rating input score 100; 61st percentile among comparable filings
  • Revenue growth: 18.6% per year; rating input score 100; 82nd percentile among comparable filings
  • Asset growth: 10% per year; rating input score 100; 61st percentile among comparable filings

Details

  • Where the money goes: 73% of revenue deployed · 91.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $82K in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • 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.