Legends Performing Arts Association

Nonprofit profile at a glance

EIN
205616426
IRS 990 coverage
2010–2011
Forms available
Form 990 2011, Form 990-EZ 2009
Location
Kalamazoo, MI, USA
Phone
2693504237
Rating confidence
Limited
Sector
Professional Societies, Associations

Official website

Reported finances

Revenue
$464,945
Expenses
$462,946
Assets
$352,201
Liabilities
$300,153

Source: IRS Form 990. Selected filing: tax year 2011. Amounts in USD.

Leadership & pay

4 people listed

Source: IRS Form 990. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide quality performing arts ensembles that support the development of a youth's learning experience of life skills through music and the pageantry arts. A member of program(s) learn a number of life skills, embraces their characteristic traits, works in a team environment daily, deals with adverse situations, grows in areas of music and movement, develops strong discipline and responsibility, and is able to apply what they've learned into their work and personal life.

What it reported doing in 2011

The Legends Drum & Bugle Corps was named the DCI Most Improved Open Class corps in 2012 and continue to climb the ranks as a DCI Open Class Finalist. The drum corps traveled nearly 8,000 miles across the Midwest giving performances and clinics through the summer. Members of the drum corps are together for 65 days from early-June through mid-August. The basis of the program is centered on music education and students learn life lessons. Professional staffing includes designers, music instructors, medical, drivers, fitness conditioning, and administration.

Operating model

Revenue model
Other-operating. 75% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 100
  • Accountability: 65
  • Sustainability: 39
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 60th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 79th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 75%; rating input score 75; 19th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 0.4%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 0.76; rating input score 37; 37th percentile among comparable filings
  • Liabilities to assets ratio: 0.85; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 6.5%; rating input score 42; 42nd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 19.2% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 62.3% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 3 of 4 board members independent · 4 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $322K in reported program spending
  • Leadership: top reported pay $30K · 4 people listed
  • Consistency: 38 of 38 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 2 filing years from 2010 to 2011
  • 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.

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • Moderate — Sustainability: Operating margin scored 46/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.
  • Moderate — Sustainability: Officer compensation ratio scored 42/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.