Marshall Music Boosters Inc
Nonprofit profile at a glance
- EIN
- 411649507
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Location
- Marshall, MN, USA
- Phone
- 5075322295
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Secondary, High School
Reported finances
- Revenue
- $152,886
- Expenses
- $107,218
- Assets
- $87,207
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- MIKE PETERSEN (PRESIDENT)
People named in this filing
- BRAD KRUSE (TREASURER)
- MIKE PETERSEN (PRESIDENT)
- GWEN STURROCK (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
Marshall music boosters inc's objective and purposes are to arouse and maintain an enthusiasm in the various phases of the marshall school district music department and to lend all possible support, both moral and financial, for the supplementation and implementation of the school district's music programs.
What it reported doing in 2024
Provided financial support to marshall school district music program by purchasing equipment, music, sponsoring clinics, providing transportation to events, paying for instructors and paying expenses for the annual pursuit of excellence band competition.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 76% for direct work, and 24% for grants.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 100
- Sustainability: 62
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68.1%; rating input score 68
- Program expense ratio: 97%; rating input score 97
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: 29.9%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 0.81; rating input score 53; 53rd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -3% per year; rating input score 0; 22nd percentile among comparable filings
- Revenue growth: -2.5% per year; rating input score 0; 13th percentile among comparable filings
- Asset growth: 2.2% per year; rating input score 100; 35th percentile among comparable filings
Details
- Where the money goes: 68.1% of revenue deployed · 97% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $104K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 4 filed schedules
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- 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 — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 53/100.