First Coast Community Music School Inc
Nonprofit profile at a glance
- EIN
- 465458850
- IRS 990 coverage
- 2017–2017
- Forms available
- Form 990 2017, Form 990-EZ 2016
- Location
- Jacksonville, FL, USA
- Phone
- 9045151592
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Performing Arts Schools
Reported finances
- Revenue
- $220,115
- Expenses
- $311,187
- Assets
- $73,818
- Liabilities
- $7,617
Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
3 people listed
Highest reported compensation
- SCOTT GREGG (ARTISTIC & E): $64,500 total reported compensation
- TAMI CHACON (ADMIN. DIREC): $33,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the first coast community music school is to serve as a non-profit, non degree-granting institution dedicated to bringing high quality professional music instruction to students of all ages, from a broad spectrum of the community in order to enrich the cultural life of the greater jacksonville community.
What it reported doing in 2017
The lessons further the mission of providing the highest quality musical instructions for all ages and abilities or preventing community deterioration, juvenile delinquency, relief to the underserved and the advancement of education in the jacksonville community by providing mentorship to young adults through music education.
Operating model
- Revenue model
- Other-operating. 82% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 97% 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. Some filing-based governance responses are negative or unanswered and the required major-donor schedule is missing or incomplete.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 75
- Accountability: 69
- Sustainability: 12
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.9%; rating input score 89
- Program expense ratio: 62.8%; rating input score 63
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: No; rating input score 0
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -41.4%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 0.24; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 32; 32nd percentile among comparable filings
- Officer compensation ratio: 31.3%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 2.5% per year; rating input score 100; 47th percentile among comparable filings
- Asset growth: -31.4% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 88.9% of revenue deployed · 62.8% of spending went to programs
- Governance: 3 of 3 board members independent · 2 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $196K in reported program spending
- Leadership: top reported pay $64K · 3 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: 4 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Accountability: Governance controls: 5 of 7 not reported.
- High — Transparency & Controls: Major donor itemization scored 0/100.
- High — Sustainability: Operating margin scored 6/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- High — Sustainability: Officer compensation ratio scored 10/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 32/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.