Ladd-Bratt Family Foundation Inc Music Is Special
Nonprofit profile at a glance
- EIN
- 462136943
- IRS 990-EZ coverage
- 2015–2015
- Forms available
- Form 990 2014, Form 990-EZ 2015
- Location
- Santa Clara, CA, USA
- Phone
- 4086910796
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $89,375
- Expenses
- $86,058
- Assets
- $29,345
Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Laura Anderson (President)
People named in this filing
- Laura Anderson (President)
- Molly Meyers (Treasurer)
- David Ladd Anderson (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 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The specific objectives and purposes of this corporation shall be: to support music education for students with Special Needs and support music education for mainstream students. The main goals are to teach musical performance skills: singing, dancing and playing musical instruments. The Foundation will promote music performances by our students locally and around the world. Discovering Special Needs Musical groups from different states and countries as well as promoting joint performances and cultural exchanges for musical groups with and without special needs.
What it reported doing in 2015
Dj vu Jazz Band and Dj vu Too is a children's Jazz band and vocal combos who rehearse weekly and perform regularly locally and abroad. From the City of Santa Claras Art and Wine Festival, to the cities tree lighting, Triton Museum openings, 9/11 observances, Arbor Day celebration, Masonic Lodge celebrations, City of Santa Clara Fireworks Grandstand, Street Dance to name a few. These two groups have had the privilege of touring Europe, which have included The Montreux Jazz Festival, Viene Jazz Festival, Juan les Pins, and the Umbria Jazz Festival.
Operating model
- Revenue model
- Earned-program. 90% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 74
- Sustainability: 38
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.7%; rating input score 81
- Program expense ratio: 83.8%; rating input score 84
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 1st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 3.7%; rating input score 53; 53rd percentile among comparable filings
- Total-asset coverage ratio: 0.34; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -91.1% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: 12% per year; rating input score 100; 74th percentile among comparable filings
Details
- Where the money goes: 80.7% of revenue deployed · 83.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 5 filed program accomplishments · $72K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- 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 — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 23/100.
- Review — Sustainability: Operating margin scored 53/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.