Greater Miami Community Concert Band Inc

Nonprofit profile at a glance

EIN
592099857
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Miami, FL, USA
Rating
81
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$94,518
Expenses
$79,744
Assets
$49,859

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • CHRISTINE PASCUAL-FERNANDEZ (PRESIDENT DIRECTOR)

People named in this filing

  • CHRISTINE PASCUAL-FERNANDEZ (PRESIDENT DIRECTOR)
  • SUSIE BLANK WOLFE (SECRETARY DIRECTOR)
  • ALAN HARRIET (TREASURER DIRECTOR)

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 Greater Miami Community Concert Band Inc. operating as the Greater Miami Symphonic Band is a community band comprising approximately 80 advanced amateur musicians. Rehearsing weekly from September 1 to July 4 the band presents ten public concerts annually. This year performances included four concerts at the 600-seat Gusman Hall on the University of Miami campus three concerts at the 500-seat Pinecrest Gardens two at minor venues and the Coral Gables 4th of July fireworks celebration attracting an estimated 30,000 attendees at the Biltmore Golf Course and surrounding area.

What it reported doing in 2024

The City of Coral Gables annual Fourth of July Celebration includes a band concert which has featured the Greater Miami Symphonic Band since the series began. This years concert was conducted by Jay Reese with guest soloist Dale Underwood. The fireworks immediately follow the concert. The band members had the choice of receiving a $100 stipend for performing or a $100 credit to Band annual dues. The concert was sponsored this year by the City of Coral Gables.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 100
  • Sustainability: 44
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 63.9%; rating input score 64
  • Program expense ratio: 75.2%; rating input score 75

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 15.6%; rating input score 69; 69th percentile among comparable filings
  • Total-asset coverage ratio: 0.63; rating input score 34; 34th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 6.3%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: 24.9% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: 24.1% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 9% per year; rating input score 100; 70th percentile among comparable filings

Details

  • Where the money goes: 63.9% of revenue deployed · 75.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $60K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.