Conrad O Johnson Music & Fine Arts Foundation

Nonprofit profile at a glance

EIN
760612123
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024
Location
Houston, TX, USA
Phone
7132997106
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Arts, Culture, and Humanities

Official website

Reported finances

Revenue
$37,298
Expenses
$60,548
Assets
$18,955
Liabilities
$27,040

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

Leadership & pay

9 people listed

Executive titles in this filing

  • Artie Onayemi (Executive Director/COO)

People named in this filing

  • Artie Onayemi (Executive Director/COO)
  • Linda Caraway (Treasurer)
  • Rick Izumi (Chairman of the Board)

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

Established in 2000, the mission of the Foundation is to develop, preserve and support music and the arts through the youth in the Greater Houston/Harris County area.

What it reported doing in 2024

Music rehearsals and performances to enhance the skills of the participants. Also, summer music workshop amd educational outings to various music venues.

Operating model

Revenue model
Donor-supported. 100% 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 - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 47
  • Transparency & Controls: 100
  • Sustainability: 13
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 54.6%; rating input score 55
  • Program expense ratio: 33.6%; rating input score 34

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: -62.3%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 0.31; rating input score 22; 22nd percentile among comparable filings
  • Liabilities to assets ratio: 1.43; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 3.3%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: -11.4% per year; rating input score 0; 25th percentile among comparable filings
  • Revenue growth: -7.3% per year; rating input score 0; 29th percentile among comparable filings
  • Asset growth: -3.7% per year; rating input score 0; 27th percentile among comparable filings

Details

  • Where the money goes: 54.6% of revenue deployed · 33.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $20K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 13 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 55/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 34/100.
  • High — Sustainability: Operating margin scored 11/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 22/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.