Discovery Ensemble Inc
Nonprofit profile at a glance
- EIN
- 264175380
- IRS 990-EZ coverage
- 2012–2012
- Forms available
- Form 990 2011, Form 990-EZ 2012
- Location
- Arlington, MA, USA
- Phone
- 6178007588
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Music Groups, Bands, Ensembles
Reported finances
- Revenue
- $194,709
- Expenses
- $244,773
- Assets
- $2,906
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Amounts in USD.
Leadership & pay
9 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Discovery ensemble has a two-fold mission: 1. Serve as a resource to boston-area schools that have no music education program; to expose students to classical music so that they understand and appreciate its power and beauty; to inspire students to learn more about music, including encouraging them to learn to play a musical instrument. 2. Be the leading chamber orchestra in new england and one of the pre-eminent music ensembles in the united states.
What it reported doing in 2012
Discovery ensemble is a professional chamber orchestra formed to organize and manage local musicians to provide students in the new england area with a greater appreciation and understanding of classical music. In addition, discovery presents a series of interactive workshops to educate students on particular music pieces as well as classical chamber music concerts for the public.
Operating model
- Revenue model
- Donor-supported. 87% 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. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 93
- Transparency & Controls: 72
- Sustainability: 3
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 81.6%; rating input score 82
Transparency & Controls
- Consistency checks: 87.5%; rating input score 88; 1st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -25.7%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 0.01; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: -2% per year; rating input score 0; 30th percentile among comparable filings
- Asset growth: -63.4% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 81.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $200K in reported program spending
- Leadership: top reported pay $10K · 9 people listed
- Consistency: 6 of 6 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.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 5/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Asset growth scored 0/100.