Lang Lang International Music Foundation Inc

What it reported doing in 2024

Keys of inspiration (koi): keys of inspiration is an innovative music education program that encourages piano performance at all levels as a means of social and emotional development for youth by providing students with a safe creative outlet in public schools. The program has established a replicable pathway into the world of music, and serves as a model for music education best practices for public schools across the country. The foundation partners with school districts across the country to implement the program in title-1 elementary schools. Designed to redefine what music education looks like in american public schools and inspire change from within, koi weaves rigorous, keyboard-centric, musical instruction into selected title 1 public schools' mandatory curriculumintegrating group piano classes for grades 2-5, twice a week. In the koi piano lab, students build self-confidence, develop a drive for excellence, and cultivate a sense of group and individual achievement. The keys of inspiration curriculum is designed to integrate piano into a school's existing general music curriculum, enhancing their music program and providing students with a more hands-on music education. The foundation is dedicated to cultivating a national musical network, spanning school systems and connecting district leaders, administrators, teachers, and students. Selected schools receive the following:- theone smart piano lab classroom with 20-30 new, state of the art electric pianos, benches, student monitors, remote android boxes, ios and android connection cables, wireless router, and a teacher computer with software shipped directly to the school- resources and support guides for setting up the group piano classroom - yearly maintenance and budget guides to help plan for long-term success - music curriculum developed in collaboration with the royal conservatory of music - supplemental training and ongoing support/professional development for the music teacher in 2024, keys of inspiration provided music programming to 95 schools across the USA and europe, reaching approximately 38,000 students. This year, theone smart piano lab was first introduced as the new 21st century tech based smart piano lab learning model. We continued to develop stronger professional development repertoire and provided more direct support and new resources for our teacher partners. Teachers from koi schools were provided with the opportunity to attend an in-person conference in charleston, sc. The presenting partner organizations included berklee college of music, national association for music education, the royal conservatory of music, South Carolina music educators association, university of South Carolina music department, and more.the majority of our partner schools held holiday and spring concerts to celebrate their music program and share their achievements with their communities. We also recognized the accomplishments of our educators, naming one particularly extraordinary, dedicated music teacher, maria doreste velazquez from boston public schools, as our 2023-24 keys of inspiration teacher of the year.

Financial Efficiency

• Mission deployment rate: 76.7%; rating input score 77
• Program expense ratio: 69.3%; rating input score 69
• Fundraising efficiency: $4 raised per $1 spent on fundraising; rating input score 13; 13th percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.7%; rating input score 95; 26th percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 92.5%; rating input score 92; 40th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -8.4%; rating input score 19; 19th percentile among comparable filings
• Total-asset coverage ratio: 3.04; rating input score 75; 75th percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 64; 64th percentile among comparable filings
• Officer compensation ratio: 28.4%; rating input score 8; 8th percentile among comparable filings

Growth

• Program expense growth: 1.3% per year; rating input score 100; 23rd percentile among comparable filings
• Revenue growth: -4.7% per year; rating input score 0; 5th percentile among comparable filings
• Asset growth: 2.6% per year; rating input score 100; 28th percentile among comparable filings