MCO Cultural Exchange Corporation

Nonprofit profile at a glance

EIN
954804461
IRS 990-EZ coverage
2009–2024
Forms available
Form 990 2022, Form 990-EZ 2024
Location
San Francisco, CA, USA
Phone
3104549883
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
International Cultural Exchange

Reported finances

Revenue
$32,851
Expenses
$312,931
Assets
$13,828

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

Leadership & pay

4 people listed

Executive titles in this filing

  • JANE ZIMMERMAN (CEO)

People named in this filing

  • MONICA BURNS (OFFICER)
  • CAROL ROSENBERGER (CFO)
  • DAVID BRIN (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

Music education for youth and the broader public

What it reported doing in 2024

The CEF- Cultural Exchange Foundation continues to promote young artists studying at various conservatories in the United States. The extraordinary harpist Alisa Sadikova's dormitory fees are $21,049.00 Sadikova at the Juilliard the School of Music. Season 2024-2025. Additionally, Alisa was given $2000 in travel costs for her to go to competitions where she won 1st prizes. Our pianist Leonard Gurevich was given $3000.00 for travel costs to see his mother in Israel and in Lithuania. Pianist Vladimir Petrov who is a FULL scholarship student at the Manhattan School of music had his rent covered by us at $3000 a month or a total of $36,000. Pianist Andre Romanov's rent of $23,171- Andrey Romanov at Stoney Brook University.Violinist Sergey Dayan(17 years old) travel and expenses of $5000.00 for for studies with super pedagogue Zakhar Bron in Switzerland- for covering airfare and hotels from Armenia to Zurich- Sergey is planning to come to the USA to study next season- hopefully at Juilliard. We are constantly on the lookout for young talented musicians and will be happy to support them.

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
Grant intermediary. The nonprofit sent 64% of its reported program spending out as grants.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 100
  • Sustainability: 10
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 47.9%; rating input score 48

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: -852.6%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0.04; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -2.6% per year; rating input score 0; 41st percentile among comparable filings
  • Revenue growth: 7.7% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: -6.5% per year; rating input score 0; 22nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 47.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $150K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 14 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

  • Moderate — Financial Efficiency: Program expense ratio scored 48/100.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.