Chrysalis Foundation
Nonprofit profile at a glance
- EIN
- 953760956
- IRS 990-EZ coverage
- 2009–2024
- Forms available
- Form 990-EZ 2024
- Location
- San Francisco, CA, USA
- Phone
- 4156418416
- Rating
- 59
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $11,417
- Expenses
- $24,978
- Assets
- $43,483
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Heidi Forster (President)
People named in this filing
- Heidi Forster (President)
- Nancy Quinn (Director)
- Rachel Benson (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
Founded in 1982, The Chrysalis Foundation is a nonprofit arts and education foundation with three main goals: 1. To support the creation of new acoustic instruments. 2. To encourage the composition of music for these instruments. 3. To promote live performances of this music. The Foundation is accomplishing these goals through the work of master builder, composer, writer, and musician Cris Forster, whose original instuments are designed to explore new timbres and tunings beyond the realm of conventional 12-tone equal temperament (the tuning of the piano). The Foundation is devoted to the idea that the future of music depends upon the incorporation of these new tunings and timbres as raw ingredients in an expanding, flexible, and highly-nuanced tonal palette. By recognizing tuning as a choice rather than a constant, music can once again become a vital force capable of expressing and addressing the complexities of our modern psyches and spirits.
What it reported doing in 2024
In collaboration with MicroFest Records, Los Angeles, we released an album of music entitled "Song of Myself: Intoned Poems of Walt Whitman".
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
MIXED - The filed numbers largely add up. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 48
- Transparency & Controls: 82
- Sustainability: 28
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60.2%; rating input score 60
- Program expense ratio: 27.5%; rating input score 28
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -118.8%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 1.74; rating input score 61; 61st 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: -3.7% per year; rating input score 0; 38th percentile among comparable filings
- Revenue growth: -2.3% per year; rating input score 0; 42nd percentile among comparable filings
- Asset growth: 0.3% per year; rating input score 100; 40th percentile among comparable filings
Details
- Where the money goes: 60.2% of revenue deployed · 27.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $7K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- 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.
- High — Financial Efficiency: Program expense ratio scored 28/100.
- High — Sustainability: Operating margin scored 7/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.