Ingram Memorial Fund
Nonprofit profile at a glance
- EIN
- 463905250
- IRS 990-EZ coverage
- 2015–2018
- Forms available
- Form 990-EZ 2018
- Location
- Greensboro, NC, USA
- Phone
- 3366387624
- Rating confidence
- Limited
- Sector
- Music
Reported finances
- Revenue
- $-2,091
- Expenses
- $71,890
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- David McDonald (President)
People named in this filing
- David McDonald (President)
- Lucy Ingram (Artistic Director)
- Bailey Thigpen (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 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the Ingram Memorial Fund is to build an endowment that in time will be sufficiently large so that earnings from the endowment are great enough to cover all, or a significant portion of, a concert annually that Music for a Great Space sponsors.
What it reported doing in 2018
The organization supports the concerts sponsored by Music for a Great Space, featuring nationally and internationally renowned chamber music and organ performers. Open to the entire community, these events draw attendance ranging from 400 to the maximum seating capacity of 750 people.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Sustainability: 8
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -3,538.1%; rating input score 1; 1st 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: Limited
- Revenue growth: -52.9% per year; rating input score 0; 5th percentile among comparable filings
- Asset growth: -34.1% per year; rating input score 0; 6th percentile among comparable filings
Details
- Where the money goes: 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2015 to 2018
- 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 — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 1/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.