Embrace Music Foundation Inc
Nonprofit profile at a glance
- EIN
- 383845778
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2011
- Location
- Pembroke Pines, FL, USA
- Phone
- 7543665220
- Rating
- 93
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $154,054
- Expenses
- $139,910
- Assets
- $44,502
- Liabilities
- $25,158
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- STEVEN KLOTZ (Executive Director)
People named in this filing
- WILLIAM STEWART (Director)
- CAROL STEWART (Director)
- STEVEN KLOTZ (Executive 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
Restore, Preserve and Fortify the impact of music.
What it reported doing in 2024
EMF activities in 2024 were dedicated to conducting Rhythms of Africa 2024 the company flagship music education program. Working with over 2 dozen students from Somerset Academy.
Operating model
- Revenue model
- Donor-supported. 67% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 100
- Sustainability: 43
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90.8%; rating input score 91
- 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: 9.2%; rating input score 56; 56th percentile among comparable filings
- Total-asset coverage ratio: 0.32; rating input score 27; 27th percentile among comparable filings
- Liabilities to assets ratio: 0.57; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 31% per year; rating input score 100; 84th percentile among comparable filings
- Revenue growth: 21.8% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: -5.4% per year; rating input score 0; 16th percentile among comparable filings
Details
- Where the money goes: 90.8% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $140K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2021 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 — Sustainability: Total-asset coverage ratio scored 27/100.
- Review — Sustainability: Operating margin scored 56/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.