Grand Island Concert Association of Grand Island Nebraska Inc
Nonprofit profile at a glance
- EIN
- 363584020
- IRS 990-EZ coverage
- 2017–2024
- Forms available
- Form 990-EZ 2024
- Location
- Grand Island, NE, USA
- Phone
- 3083897346
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community Service Clubs
Reported finances
- Revenue
- $76,978
- Expenses
- $61,402
- Assets
- $178,428
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- JOEL JANK (PRESIDENT)
- TRACY OVERSTREET (PRESIDENT EL)
People named in this filing
- JOEL JANK (PRESIDENT)
- TRACY OVERSTREET (PRESIDENT EL)
- MARVIN ANDERSEN (PAST PRESIDE)
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
The association's mission is to enrich lives, foster growth and advance musical appreciation through ongoing education and outstanding live performances. Each year the association brings a variety of classical music artists to central Nebraska with a commitment to offer individuals and families affordable performances while keeping the musical arts in central Nebraska alive and vibrant.
What it reported doing in 2024
Providing scholarships for music students
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 92% 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. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 82
- Sustainability: 63
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.9%; rating input score 80
- 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: Limited
Sustainability
- Operating margin: 20.2%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 2.91; rating input score 74; 74th 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: -1.7% per year; rating input score 0; 43rd percentile among comparable filings
- Revenue growth: -2.2% per year; rating input score 0; 43rd percentile among comparable filings
- Asset growth: 7.2% per year; rating input score 100; 65th percentile among comparable filings
Details
- Where the money goes: 79.9% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $61K in reported program spending
- Leadership: top reported pay $0 · 19 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 8 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.