Music Tech Foundation
Nonprofit profile at a glance
- EIN
- 882446190
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- San Jose, CA, USA
- Phone
- 4083139006
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $113,324
- Expenses
- $109,777
- Assets
- $6,417
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- BRUCE TAMBLING (CHIEF EXECUTIVE OFFICER)
People named in this filing
- BRUCE TAMBLING (CHIEF EXECUTIVE OFFICER)
- NANCY MCGINNIS (SECRATARY)
- RON E BECK (CFO)
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 Tech Foundation is dedicated to advancing racial equity, economic inclusion, and creative empowerment through hands-on training and mentorship in music, media, and technology. Our programs prepare underrepresented and disadvantaged individuals for careers in fields such as music production, digital sound engineering, graphic design, videography, and multimedia communications
What it reported doing in 2024
Music Tech Foundation delivers a 4 week hands-on music and media production program that engages underserved students and volunteers from varied age groups and professional levels.The cur r iculum compr ises the f ollo wing k e y component s: Pr e-pr oduction planning: R ecor ding the Music, Audio editing and post -pr oduction, Filming and video pr oduction, andCr oss-generational & cr oss-geographic al p ar ticip ation
Operating model
- Revenue model
- Donor-supported. 100% 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. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 46
- Transparency & Controls: 100
- Sustainability: 30
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 45.4%; rating input score 45
- Program expense ratio: 46.8%; rating input score 47
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: 3.1%; rating input score 43; 43rd percentile among comparable filings
- Total-asset coverage ratio: 0.06; rating input score 8; 8th 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: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 45.4% of revenue deployed · 46.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $51K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 45/100.
- Moderate — Financial Efficiency: Program expense ratio scored 47/100.
- High — Sustainability: Total-asset coverage ratio scored 8/100.
- Moderate — Sustainability: Operating margin scored 43/100.