Festival of North American Orchestras Inc

Nonprofit profile at a glance

EIN
262848698
IRS 990 coverage
2011–2011
Forms available
Form 990 2011
Location
New York, NY, USA
Phone
2125847511
Rating confidence
Limited
Sector
Symphony Orchestras

Official website

Reported finances

Revenue
$774,594
Expenses
$1,315,285
Assets
$990,058
Liabilities
$10,230

Source: IRS Form 990. Selected filing: tax year 2011. Amounts in USD.

Leadership & pay

10 people listed

Source: IRS Form 990. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The festival of north american orchestras, inc. Was formed to produce an annual series of concerts in carnegie hall in New York city, featuring performances by selected orchestras from the united states and canada.

What it reported doing in 2011

Spring for music 2012the spring for music festival debuted at carnegie hall on may 6, 2011, with concerts by seven north american orchestras. Spring for music 2012 took place in may 2012, with concerts by six north american orchestras: Alabama symphony orchestra, edmonton symphony orchestra, houston symphony, milwaukee symphony orchestra, nashville symphony and New Jersey symphony orchestra. These six orchestras were chosen from over 25 applications in the summer of 2010, and their selection was based on the creativity and imagination of the programs submitted. The second spring for music festival attracted unprecedented press attention for the quality of the concerts, the creativity of the programs, the liveliness of the audiences, and the importance of the message.

Operating model

Revenue model
Donor-supported. 70% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 100
  • Accountability: 100
  • Sustainability: 32
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 60th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -69.8%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0.75; rating input score 38; 38th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 81; 81st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 86; 86th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 7 of 7 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $1M in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 7 filed schedules · includes major donors
  • 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 — Sustainability: Operating margin scored 2/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 38/100.