M3 Musicians Inc

Nonprofit profile at a glance

EIN
931441081
IRS 990-EZ coverage
2023–2024
Forms available
Form 990 2023, Form 990-EZ 2024
Location
New York, NY, USA
Phone
9172934973
Rating confidence
Limited
Sector
Alliance/Advocacy Organizations

Reported finances

Revenue
$169,888
Expenses
$209,320
Assets
$312,153
Liabilities
$17,074

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

Leadership & pay

7 people listed

Executive titles in this filing

  • JEN SHYU (President & CEO)
  • SERA SERPA (President & CEO)

People named in this filing

  • SUMI TONOOKA (Chairman)
  • EMILY BOOKWALTER (Secretary)
  • JOSEPH WALKER (Treasurer)

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

Mutual mentorship for musicians (m3) is a platform that supports women, non-binary musicians, and those of underrepresented gender identies (intersecting with race, sexuality, ability) through mentorship and musical collaborations

What it reported doing in 2024

Cohort and commissions - serving 12 musicians,15 meetings,4 workshops, online/physical publication of 2 volumes of anthogy of writings with 24 essays, premiers of 6 commissions at national jazz museum in harlemm3 festival - 3 night festival, presented 43 musicians at roulette, brooklyn, attendence 650 in person,1,814 online

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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.

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
  • Sustainability: 30
  • Growth: 0

Detailed rating inputs

Financial Efficiency

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

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: -23.2%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 1.49; rating input score 72; 72nd percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 10.3%; rating input score 21; 21st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -92.3% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -6.9% per year; rating input score 0; 14th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 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: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 7/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 21/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.