Institute of Performing Arts International

Nonprofit profile at a glance

EIN
995148050
IRS 990-EZ coverage
2024–2024
Forms available
Form 990-EZ 2024
Location
Hattiesburg, MS, USA
Phone
9179405760
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Performing Arts Organizations

Reported finances

Revenue
$129,015
Expenses
$133,803
Assets
$0
Liabilities
$4,788

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

Leadership & pay

2 people listed

Executive titles in this filing

  • Michael Bunchman (CEO)

People named in this filing

  • Michael Bunchman (CEO)
  • Anica Binder (Artistic Producer)

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

IPAI Bavaria believes in identifying and nurturing young artists, meeting them where they are, and taking them to the next step of their career. We want to inspire creativity and help artists remember why they chose music. Our faculty are united in our belief that there is room for every artistic voice, especially those who find non-traditional career paths and that a full, balanced, and joyful life encompasses much more than just performing. We want to empower young artists to discover their passions (artistically and beyond) and give them the tools, network, skills, and encouragement to bring their passions to fruition. Numbers are intentionally limited so that our faculty can get to know each young artist individually and create a comprehensive experience that meets their personal goals. We use the audition and the potential candidates application responses to see if both IPAI Bavaria and the artist are a good match.

What it reported doing in 2024

To provide high quality instruction for young artists. This includes Faculty travel and accommodations, plus their fee. It also includes guest artists that gave masterclass/workshops for the festival.

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
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

SUPPORTED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 82
  • Sustainability: 13
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 59.4%; rating input score 59
  • Program expense ratio: 57.3%; rating input score 57

Transparency & Controls

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

Sustainability

  • Operating margin: -3.7%; rating input score 24; 24th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 20.6%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 59.4% of revenue deployed · 57.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $77K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 59/100.
  • Review — Financial Efficiency: Program expense ratio scored 57/100.
  • High — Sustainability: Operating margin scored 24/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.