Cedar Valley Chamber Music Inc
Nonprofit profile at a glance
- EIN
- 260697438
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Waterloo, IA, USA
- Phone
- 3192304946
- Rating
- 92
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $58,361
- Expenses
- $59,804
- Assets
- $58,506
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Austin Jacobs (President)
People named in this filing
- Austin Jacobs (President)
- Andrea Alert (Secretary)
- Janice Moore (Treasurer)
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
The primary exempt purpose of Cedar Valley Chamber Music (CVCM) is educational. CVCM uses the portability of small ensembles to perform chamber music in venues around the Cedar Valley community, in order to increase arts education in the Cedar Valley. CVCM showcases local and regional musicians performing diverse chamber music repertoire in intimate settings. CVCM is also dedicated to developing new audiences through education and community outreach.
What it reported doing in 2024
CVCM has a strong outreach component to its mission that is based primarily on low-income, age and location. Each year CVCM offers several free community concerts to the general public in Waterloo and Cedar Falls, Iowa, and in surrounding rural Iowa communities. CVCM also engages area youth through concerts in area schools, libraries and through its annual string camp for youth in grades 7-12. Lastly, CVCM has a continuing partnership with several area retirement communities and conducts regular free outreach performances for retirees and assisted living members of the Cedar Valley Community.In 2024, 8 outreach concert performances were given, and 325 individuals attended these concerts.
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
- 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: 100
- Transparency & Controls: 100
- Sustainability: 33
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
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: -2.5%; rating input score 40; 40th percentile among comparable filings
- Total-asset coverage ratio: 0.98; rating input score 46; 46th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 11.7%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $60K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 40/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 46/100.
- High — Sustainability: Officer compensation ratio scored 9/100.