Music for a Great Space

Nonprofit profile at a glance

EIN
591941003
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024
Location
Greensboro, NC, USA
Phone
3366387624
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$92,529
Expenses
$124,096
Assets
$281,313
Liabilities
$235

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

Leadership & pay

11 people listed

Executive titles in this filing

  • DREW HAYS (PRESIDENT)

People named in this filing

  • MARITZAIDA AMADOR (BOARD MEMBER)
  • MIRIAM FIELDS (BOARD MEMBER)
  • VAN-ANTHONY HALL (BOARD MEMBER)

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 music for a great space is to annually present a culturally diverse series of inspiring small ensemble and solo concerts. Founded in 1990, the series features world-calss artists in significant venues in greensboro for audiences across the piedmont triad. Mgs accompanies each concert with related educational experinces for children and aduults.

What it reported doing in 2024

The organization presents educatonal and outreach presentations with performers through interviews, meet-and-greets and virtual education lessons for pre-school and at-home educators.

Operating model

Revenue model
Donor-supported. 75% 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

SUPPORTED - 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: 61
  • Transparency & Controls: 82
  • Sustainability: 33
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 67.6%; rating input score 68
  • Program expense ratio: 50.4%; rating input score 50

Transparency & Controls

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

Sustainability

  • Operating margin: -34.1%; rating input score 17; 17th percentile among comparable filings
  • Total-asset coverage ratio: 2.27; rating input score 68; 68th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 21%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: 4% per year; rating input score 100; 60th percentile among comparable filings
  • Revenue growth: 5.3% per year; rating input score 100; 72nd percentile among comparable filings
  • Asset growth: 11.8% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: 67.6% of revenue deployed · 50.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $63K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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: Program expense ratio scored 50/100.
  • High — Sustainability: Operating margin scored 17/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.