Maritime Music and Tradition Society Corp
Nonprofit profile at a glance
- EIN
- 872573429
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2022
- Location
- Essex, CT, USA
- Phone
- 9144248935
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $99,733
- Expenses
- $62,048
- Assets
- $103,781
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Joseph Morneault (President and Director)
People named in this filing
- Joseph Morneault (President and Director)
- Bonnie Milner (Treasurer and Director)
- Edith Stern (Secretary and Director)
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 mission of the Maritime Music and Tradition Society Corp is preserving and encouraging maritime and traditional music through education, research, performance and community.
What it reported doing in 2024
The Maritime Music & Tradition Society presents an annual Sea Music Festival; through the festival and other concerts, lectures, demonstrations, and song-sharing sessions, we enact our mission of preserving and encouraging maritime music, from deepwater sailing to inland waterways, and building community. The 3nd Connecticut Sea Music Festival was held from June 7-10, 2024 in Essex CT. The Festival featured 5 performance stages throughout the town and 28 performers, with evening concerts at a marquee tent on the grounds of the CT River Museum. There were 41 workshops, 3 evening concerts, plus pop-up performances at 4 other locations in town. An outdoor demonstration area provided presentations and workshops on maritime cultural traditions and skills. The Festival included an accessible, barrier-free venue for families and young children, the Family Stage. The demonstrations and Family Stage performances particularly carry out the goals of our nonprofit, all-volunteer organization: To foster and nurture a continuing interest in maritime and traditional music and skills, so that this important aspect of both musical and nautical history remains a vibrant aspect of contemporary cultural life and so that these traditions and skills may be passed on to the next generation.
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 - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 100
- Sustainability: 73
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.6%; rating input score 59
- Program expense ratio: 94.1%; rating input score 94
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: 37.8%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 1.67; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 12.7% per year; rating input score 100; 75th percentile among comparable filings
- Revenue growth: 27.9% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 65.5% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 58.6% of revenue deployed · 94.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $58K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 59/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.