Coral Cantigas Incorporated
Nonprofit profile at a glance
- EIN
- 521918239
- IRS 990-EZ coverage
- 2009–2009
- Forms available
- Form 990-EZ 2009
- Location
- Rockville, MD, USA
- Phone
- 3012301361
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Singing, Choral
Reported finances
- Revenue
- $101,807
- Expenses
- $100,512
- Assets
- $71,026
Source: IRS Form 990-EZ. Selected filing: tax year 2009. Amounts in USD.
Leadership & pay
9 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2009. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To perform Latino choral music and to promote diversity by uniting communities through the power of music.
What it reported doing in 2009
Three Subscription Concerts - total Audience 1,270. Ethnicity 48% Latino (Spanish, Latin American and/or Caribbean), and 48% Anglo. We hired the following musicians: local with international recognition specializing in early music period (two - 2), National recognized with classical training in Latino music (two-2), Local Folk musicians (two - 2). Outreach free tickets were valued at $2,214 (for children 12 and under, and economically challenge adults; a total of 10% of total audience). Donated Rehearsal and performance space received for these concerts valued at $3,858 and donated services received valued at $3,575. At the March concert did a special collection of $2,449 and was given directly for the Red Cross - Haiti and Chile earthquake victims.
Operating model
- Revenue model
- Donor-supported. 78% 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 and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 100
- Sustainability: 37
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 73%; rating input score 73
- Program expense ratio: 73.9%; rating input score 74
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 50th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 1.3%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 0.71; rating input score 48; 48th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 73% of revenue deployed · 73.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $74K in reported program spending
- Leadership: top reported pay $13K · 9 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Money network: 2 filed money-flow records
- 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 48/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 48/100.