Ipswich Music Art & Drama Association Inc
Nonprofit profile at a glance
- EIN
- 010866019
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990-EZ 2024
- Location
- Ipswich, MA, USA
- Phone
- 9783567784
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities N.E.C.
Reported finances
- Revenue
- $72,081
- Expenses
- $74,034
- Assets
- $42,914
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- MEG TRAVIS (PRESIDENT & DIRECTOR)
People named in this filing
- MEG TRAVIS (PRESIDENT & DIRECTOR)
- EARL POWERS (TREASURER & DIRECTOR)
- CLAIRE POWERS (CLERK & 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
To advocate for the fine arts as an integral part of education, enhance performing and visual arts educational experiences, and help ensure that all students have access to the highest quality arts education.
What it reported doing in 2024
Awarded 7 scholarships to ipswich high school students and 39 summer study grants to ipswich middle and high school students.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 43% for direct work, and 57% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 95
- Transparency & Controls: 82
- Sustainability: 43
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95.9%; rating input score 96
- Program expense ratio: 93.3%; rating input score 93
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -2.7%; rating input score 39; 39th percentile among comparable filings
- Total-asset coverage ratio: 0.58; rating input score 33; 33rd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 20.1% per year; rating input score 100; 82nd percentile among comparable filings
- Revenue growth: 20% per year; rating input score 100; 90th percentile among comparable filings
- Asset growth: -3.1% per year; rating input score 0; 28th percentile among comparable filings
Details
- Where the money goes: 95.9% of revenue deployed · 93.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $69K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2019 to 2024
- 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.
- Moderate — Sustainability: Operating margin scored 39/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.