Carpe Diem String Quartet
Nonprofit profile at a glance
- EIN
- 204351770
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Powell, OH, USA
- Phone
- 6146576158
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Music Groups, Bands, Ensembles
Reported finances
- Revenue
- $233,476
- Expenses
- $177,026
- Assets
- $264,852
- Liabilities
- $2,748
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Highest reported compensation
- KORINE FUJIWARA (TREAS/EXCUTI): $30,473 total reported compensation
- ARIANA NELSON (TRUSTEE): $24,523 total reported compensation
- SAM WEISER (TRUSTEE): $24,473 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Forging a new identity for chamber music by championing the music of living composers, undertaking daring and creative projects with other artists and art forms, and promoting music as a healing art.
What it reported doing in 2024
Recordings: - sessions for chamber music of korine fujiwara. June 4-7 2025. Judith sherman, producer mike quam, engineer musicians: carpe diem string quartet members sam weiser, violin; marisa ishikawa, violin; korine fujiwara, viola; ariana nelson, cello; with guests peter cooper, oboe; yoshi ishikawa, bassoon. Recorded at imig auditorium, university of Colorado boulder. Label tbd, release tbd - sessions for sonata in f major for string quartet by randy hathaway. July 2, 2024. Musicians: carpe diem string quartet members sam weiser, violin; marisa ishikawa, violin; korine fujiwara, viola; ariana nelson, cello. Recorded at bear creek studios, woodinville wa. Label tbd, release tbd world premieres: - sarah gibson . I do not want horses or diamonds - mark lomax ii . Ubuntu - laura kaminsky . Vanishing point - korine fujiwara . Mosey concerts: - carpe diem presented a full season of in-person concerts in columbus oh. These concerts were free for persons under 21. They were also livestreamed with free access and pay-as-you-can donation. - carpe diem returned to carnegie hall in New York ny on february 27, 2025, playing to a packed house featuring two world premieres and a New York premiere. Works by fujiwara, kaminsky, lomax, satoh, and prokofiev. - carpe diem continued its free performances for elementary schools and care centers for rehabilitation, skilled nursing, memory, and respite, as well as retirement and independent living communities. - carpe diem continued touring and teaching domestically, presenting coachings, masterclasses, and concerts in pittsburgh pa, dillon co, boulder co, tacoma and quilcene wa, and houston and austin tx. Community partnerships: -the families and friends network -on my own foundation -the chamber music connection
Operating model
- Revenue model
- Donor-supported. 68% of the money available for current operations came from contributions and gifts.
- 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 92
- Accountability: 77
- Sustainability: 57
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 73.2%; rating input score 73
- Program expense ratio: 96.4%; rating input score 96
- 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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd 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: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 24.2%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 1.5; rating input score 51; 51st percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 45; 45th percentile among comparable filings
- Officer compensation ratio: 58.7%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: -2.8% per year; rating input score 0; 22nd percentile among comparable filings
- Revenue growth: -4.8% per year; rating input score 0; 11th percentile among comparable filings
- Asset growth: 11.9% per year; rating input score 100; 71st percentile among comparable filings
Details
- Where the money goes: 73.2% of revenue deployed · 96.4% of spending went to programs
- Governance: 12 of 12 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $171K in reported program spending
- Leadership: top reported pay $30K · 12 people listed
- Consistency: 19 of 19 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 13 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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 — Accountability: Governance controls: 4 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 51/100.
- High — Sustainability: Officer compensation ratio scored 2/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 45/100.