Foxboro Music Association Inc

Nonprofit profile at a glance

EIN
820767650
IRS 990-EZ coverage
2021–2023
Forms available
Form 990-EZ 2023
Location
Foxboro, MA, USA
Phone
5085431616
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$90,223
Expenses
$88,077
Assets
$74,358
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Jodie Whidden (President)
  • Nicole Groves (Vice President)

People named in this filing

  • Jennifer L Hoyt (Treasurer)
  • Jodie Whidden (President)
  • Jennifer Ooi (Secretary)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Support and enrich the students in the Foxboro Public Schools Music Program

What it reported doing in 2023

The Foxboro Music Association, Inc. commonly called the FMA provides support both in volunteer time and financial assistance for activities and events that enrich the students participating in the music programs of the Foxborough Public Schools. Most of the activity is centered on the band, orchestra, and choral groups of Foxborough High School. Jazz Symposium $ 3,452.86 Orchestra Symposium $ 2,337.33 Master Classes $ 1,300.00 Guest Artist $ 1,700.00 Step Up Cookout $ 477.68 Potluck Dinner $ 930.79

Operating model

Revenue model
Earned-program. 72% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 91% 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. Program spending has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 82
  • Sustainability: 51
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 63.3%; rating input score 63
  • Program expense ratio: 64.8%; rating input score 65

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 2.4%; rating input score 51; 51st percentile among comparable filings
  • Total-asset coverage ratio: 0.84; rating input score 41; 41st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -0.6% per year; rating input score 0; 47th percentile among comparable filings
  • Revenue growth: 5.3% per year; rating input score 100; 72nd percentile among comparable filings
  • Asset growth: 13.8% per year; rating input score 100; 79th percentile among comparable filings

Details

  • Where the money goes: 63.3% of revenue deployed · 64.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $57K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2021 to 2023
  • 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 — Growth: Program expense growth scored 0/100.
  • Review — Sustainability: Operating margin scored 51/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.