Friends of the Sibelius Academy Inc

Nonprofit profile at a glance

EIN: 260749187
IRS 990-EZ coverage: 2017–2021
Forms available: Form 990-EZ 2021, Form 990-N 2016
Location: Philadelphia, PA, USA
Phone: 2159019031
Rating: 79
Verdict: SUPPORTED
Rating confidence: Moderate
Sector: Single Organization Support

Reported finances

Revenue: $46
Expenses: $86,952
Assets: $0
Liabilities: $0

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

10 people listed

People named in this filing

JARNO VANTO (CHAIR)
PHILIP ALPERSON (TREASURER)
PAUL HALME (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 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the friends of the sibelius academy was to provide access within the u.s. To innovative musical education initiatives developed by the sibelius academy of finland and to expand the knowledge and understanding of finnish music culture. The academy formally dissolved as of the end of the fiscal year.

What it reported doing in 2021

The academy's primary accomplishment was to provide access within the u.s. To innovative musical education initiatives developed by the sibelius academy of finland and to expand the knowledge and understanding of finnish music culture. The academy formally dissolved as of the end of the fiscal year.

Operating model

Revenue model: Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model: Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

Financial Efficiency: 91
Transparency & Controls: 82
Sustainability: 7
Growth: 0

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 100%; rating input score 100
Program expense ratio: 76.5%; rating input score 76

Transparency & Controls

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

Sustainability

Operating margin: -188,926.1%; rating input score 0; 0th percentile among comparable filings
Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

Program expense growth: -26.8% per year; rating input score 0; 17th percentile among comparable filings
Revenue growth: -64.1% per year; rating input score 0; 5th percentile among comparable filings
Asset growth: -23.5% per year; rating input score 0; 7th percentile among comparable filings

Details

Where the money goes: 100% of revenue deployed · 76.5% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $66K in reported program spending
Leadership: top reported pay $0 · 10 people listed
Consistency: 9 of 9 current checks pass
Schedules: 3 filed schedules
Filing history: 5 filing years from 2017 to 2021
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: Operating margin scored 0/100.
High — Growth: Program expense growth scored 0/100.
High — Growth: Revenue growth scored 0/100.
High — Sustainability: Total-asset coverage ratio scored 2/100.
High — Growth: Asset growth scored 0/100.
Review — Sustainability: Officer compensation ratio scored 56/100.