Music for Tomorrow Inc

Nonprofit profile at a glance

EIN: 205916891
IRS 990-EZ coverage: 2009–2010
Forms available: Form 990-EZ 2010
Location: New Orleans, LA, USA
Phone: 9173590392
Rating: 88
Verdict: STRONG
Rating confidence: Moderate
Sector: Arts, Culture, and Humanities

Official website

Reported finances

Revenue: $3,126
Expenses: $4,074
Assets: $9,199

Source: IRS Form 990-EZ. Selected filing: tax year 2010. Amounts in USD.

Leadership & pay

4 people listed

Source: IRS Form 990-EZ. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Music For Tomorrow puts on small jazz concerts, showcasing the music of New Orleans, in an effort to expose new audiences to New Orleans Jazz. We also host a web tool that helps people find musicians for their own parties and events, and ask people who use the tool to donate to support our efforts.

What it reported doing in 2010

We host a web tool that allows people to find musicians for their own parties, weddings, and more. The service is free but we ask those that use it to consider donating to Music For Tomorrow. Any musician may join the network to be eligible to find out about and apply for gigs, and anyone may use it. There are no charges for being listed in or using the service.

Operating model

Revenue model: Donor-supported. 88% of the money available for current operations came from contributions and gifts.
Distribution model: Direct operator. The filing allocates 88% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

Financial Efficiency: 94
Transparency & Controls: 100
Sustainability: 29
Growth: 0

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 100%; rating input score 100
Program expense ratio: 84.8%; rating input score 85

Transparency & Controls

Consistency checks: 100%; rating input score 100; 50th percentile among comparable filings
Major donor itemization: Yes; rating input score 100

Sustainability

Operating margin: -30.3%; rating input score 17; 17th percentile among comparable filings
Total-asset coverage ratio: 2.26; rating input score 70; 70th percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: Limited

Growth

Program expense growth: -128.7% per year; rating input score 0; 7th percentile among comparable filings
Revenue growth: -172.4% per year; rating input score 0; 2nd percentile among comparable filings
Asset growth: -9.8% per year; rating input score 0; 30th percentile among comparable filings

Details

Where the money goes: 100% of revenue deployed · 84.8% of spending went to programs
Governance: Filed governance answers
Accomplishments: 2 filed program accomplishments · $3K in reported program spending
Leadership: top reported pay $0 · 4 people listed
Consistency: 8 of 8 current checks pass
Schedules: 3 filed schedules
Filing history: 2 filing years from 2009 to 2010
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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

High — Sustainability: Operating margin scored 17/100.
High — Growth: Program expense growth scored 0/100.
High — Growth: Revenue growth scored 0/100.
High — Growth: Asset growth scored 0/100.
High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.