Lake Fenton Music Boosters

Nonprofit profile at a glance

EIN
474797880
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024
Location
Linden, MI, USA
Phone
8102654141
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Music Groups, Bands, Ensembles

Reported finances

Revenue
$64,186
Expenses
$21,033
Assets
$129,910

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • SANDRA MONTEROSSO (V PRESIDENT)
  • MICHAEL PERAINO (PRESIDENT/IN)

People named in this filing

  • SANDRA MONTEROSSO (V PRESIDENT)
  • RACHEL MARTIN (SECRETARY)
  • MICHAEL PERAINO (PRESIDENT/IN)

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

The primary mission of music and band program is to provide a comprehensive education that fosters artistic expression, musical literacy, and lifelong appreciation for the arts. These programs aim to build essential life skills such as discipline, teamwork, resilience, and self-confidence, while creating a supportive, inclusive community that enhances overall student well-being.

What it reported doing in 2024

Providing a comprehensive education that fosters artistic expression, musical literacy, and lifelong appreciation for the arts. Purchase of uniforms, equipment and accessories for band performances and other miscellaneous costs for the lake fenton high school music / band program.

Operating model

Revenue model
Other-operating. 74% of the money available for current operations came from other operating 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 - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 82
  • Sustainability: 77
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 32.8%; rating input score 33
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 67.2%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 6.18; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 53.9% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: -7.1% per year; rating input score 0; 29th percentile among comparable filings
  • Asset growth: 29.5% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 32.8% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $21K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2021 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 — Financial Efficiency: Mission deployment rate scored 33/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.