Lake Belton Band Boosters
Nonprofit profile at a glance
- EIN
- 851148369
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023, Form 990-N 2020
- Location
- Belton, TX, USA
- Phone
- 2544937050
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Parent/Teacher Group
Reported finances
- Revenue
- $179,414
- Expenses
- $149,093
- Assets
- $85,392
- Liabilities
- $1
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- JENNA DRAKE (PRESIDENT)
People named in this filing
- JENNA DRAKE (PRESIDENT)
- MISTY CARVER (VP OPERATIONS)
- ELIZABETH HICKS (VP FUNCTIONS)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The objectives of lake belton band boosters are: a) to support the belton independent school district's band programs and to undertake such activities to this end as may be determined by membership. B) to develop and carry out programs to promote a greater understanding, visibility and appreciation of music though education. C) promote, facilitate, assist and encourage a spirit of fellowhsip and cooperation amoung the membership of the belton band boosters and the community. D) work in cooperation with the members of the school district and public and private entities to support and encourage the development of progressive music education programs. E) to provide for and maintain an efficient and progressive band program in a manner that is consistent with the uil guidelines for booster clubs and school events. F) to provide moral and financal support, accept and disburse funds, and otherwise assist the entire band members though cooperation with the guidance from the band directors.
What it reported doing in 2024
The organization assists the bisd band/guard departments to provide meals, uniforms, equipment, equipment maintenance, technology and other miscellaneous expenses for the band/guard students.
Operating model
- Revenue model
- Earned-program. 71% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 91% 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. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 93
- Accountability: 70
- Sustainability: 56
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.9%; rating input score 82
- Program expense ratio: 94.5%; rating input score 95
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 16.9%; rating input score 70; 70th percentile among comparable filings
- Total-asset coverage ratio: 0.57; rating input score 27; 27th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 60; 60th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 34.5% per year; rating input score 100; 95th percentile among comparable filings
- Asset growth: 25.9% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 81.9% of revenue deployed · 94.5% of spending went to programs
- Governance: 6 of 6 board members independent · 2 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $141K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 19 of 19 current checks pass
- Schedules: 4 filed schedules · includes grants
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Sustainability: Total-asset coverage ratio scored 27/100.