Interschool Orchestras of New York Inc

Nonprofit profile at a glance

EIN
237401867
IRS 990 coverage
2012–2020
Forms available
Form 990 2020
Location
New York, NY, USA
Phone
2124100370
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Symphony Orchestras

Official website

Reported finances

Revenue
$332,090
Expenses
$202,519
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • BARBARA B TRACY (PRESIDENT)
  • VIOLA KANEVSKY (VICE-PRESIDENT)

People named in this filing

  • BARBARA B TRACY (PRESIDENT)
  • VIOLA KANEVSKY (VICE-PRESIDENT)
  • MARTIN S FRIDSON (INTERIM TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Interschool orchestras of New York creates opportunities for school-aged children in New York city to make music together through a family of ensembles. Iso provides a nurturing environment where all children can realize their personal best, achieve high artistic standards and share their music with the community. Generous financial aid and scholarships insure that every child can participate.

What it reported doing in 2020

Iso's seven orchestras, a band and a flute ensemble provide opportunities for children ages 6 to 19 to make music together. The ensembles perform in major concert halls and in community centers and sometimes tour to other cities and countries. It also provides free music lessons through a partnership with ella baker school and subsidizes music lessons for players of the less common instruments and for students of african american or latino heritage.

Operating model

Revenue model
Donor-supported. 69% of the money available for current operations came from contributions and gifts.
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 and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 57
  • Transparency & Controls: 86
  • Accountability: 70
  • Sustainability: 49
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 47.4%; rating input score 47
  • Program expense ratio: 76.9%; rating input score 77
  • Fundraising efficiency: $14.75 raised per $1 spent on fundraising; rating input score 44; 44th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 24th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90.5%; rating input score 90; 24th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 39%; rating input score 85; 85th 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: 0%; rating input score 72; 72nd percentile among comparable filings

Growth

  • Program expense growth: -3.6% per year; rating input score 0; 32nd percentile among comparable filings
  • Revenue growth: -1.3% per year; rating input score 0; 29th percentile among comparable filings
  • Asset growth: -17.7% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 47.4% of revenue deployed · 76.9% of spending went to programs
  • Governance: 19 of 21 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $156K in reported program spending
  • Leadership: top reported pay $0 · 20 people listed
  • Consistency: 21 of 22 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 9 filing years from 2012 to 2020
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 47/100.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 44/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Growth: Asset growth scored 0/100.