Lumedia Musicworks Inc

Nonprofit profile at a glance

EIN
822066629
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024, Form 990-N 2019
Location
Dallas, TX, USA
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Music

Reported finances

Revenue
$72,794
Expenses
$85,760
Assets
$4,726
Liabilities
$0

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

Leadership & pay

6 people listed

Executive titles in this filing

  • Joseph Lo (President)

People named in this filing

  • Joseph Lo (President)
  • Lynn Irving (Treasurer)
  • Liberty Pickering (Secretary)

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

Lumedia Musicworks brings early music to life through captivating live performances and short films.

What it reported doing in 2024

During the 202425 season Lumedia produced four concert events: Night of Decayed Musicians Welcome to the West Into the Gamba-Verse a short-film collaboration with Bruce Wood Dance presented with live performance and Vino & Vibes serving approximately 300-350 audience members. Three of these projects included rehearsal-based outreach at senior centers and community venues reaching an additional 100 older adults. Into the Gamba-Verse was also submitted to multiple film festivals and earned numerous national and international awards expanding Lumedias artistic impact and public visibility.

Operating model

Revenue model
Donor-supported. 79% of the money available for current operations came from contributions and gifts.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 100
  • Sustainability: 23
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.8%; rating input score 88
  • Program expense ratio: 74.5%; rating input score 75

Transparency & Controls

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

Sustainability

  • Operating margin: -17.8%; rating input score 24; 24th percentile among comparable filings
  • Total-asset coverage ratio: 0.06; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 12.6%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: -2.1% per year; rating input score 0; 42nd percentile among comparable filings
  • Revenue growth: 4.6% per year; rating input score 100; 70th percentile among comparable filings
  • Asset growth: -42% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 87.8% of revenue deployed · 74.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $64K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 24/100.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.