Konbit Mizik Corp
Nonprofit profile at a glance
- EIN
- 452704968
- IRS 990-EZ coverage
- 2013–2016
- Forms available
- Form 990-EZ 2016, Form 990-N 2015
- Location
- Brooklyn, NY, USA
- Phone
- 9174502413
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Music
Reported finances
- Revenue
- $107,819
- Expenses
- $94,366
- Assets
- $12,883
Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- NICHOLAS CANNELL (EXECUTIVE DIRECTOR)
People named in this filing
- NICHOLAS CANNELL (EXECUTIVE DIRECTOR)
- JEAN DELPHONSE (BOARD MEMBER)
- YVERTHA ARECIUS (BOARD MEMBER)
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 2016. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Music as a platform for community development
What it reported doing in 2016
To provide free production, video, and career management services to local, underground musical artists in haiti and to use music as a platform for education, vocational training, and community development.
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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and the available information about grant readiness automatic revocation leaves an important question unanswered.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 100
- Sustainability: 44
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.6%; rating input score 80
- Program expense ratio: 91%; rating input score 91
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 12.5%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 0.14; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings
Growth
- Program expense growth: 45.7% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: 47.9% per year; rating input score 100; 96th percentile among comparable filings
- Asset growth: 66.7% per year; rating input score 100; 96th percentile among comparable filings
Details
- Where the money goes: 79.6% of revenue deployed · 91% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $86K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2013 to 2016
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.