Musikgarten of Anoka Inc

Nonprofit profile at a glance

EIN
411958308
IRS 990-EZ coverage
2010–2015
Forms available
Form 990-EZ 2015
Location
Anoka, MN, USA
Phone
7632918281
Rating
91
Verdict
STRONG
Rating confidence
Moderate
Sector
Music

Reported finances

Revenue
$15,309
Expenses
$17,589
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Ginny Jacobson (Executive Director, Teacher)

People named in this filing

  • Ginny Jacobson (Executive Director, Teacher)
  • Barb Carlson (Chair)
  • June Anderson (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 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Teaching early childhood music classes to children birth to six years old and their families. We received a $5,000 grant from the Metropolitan Regional Arts Council during the 2015-2016 fiscal year.

What it reported doing in 2015

We offer early childhood music classes with the purpose of transforming children's lives through music and movement activities. Through these classes young children receive an early music education that lays the foundation for future musical study and a lifelong love of music. We offered 15 classes during our fall and winter/spring semesters. During this fiscal year, 123 children were enrolled in classes. We offered scholarships (1/2 tuition) to 12 children during the winter/spring semester because of grant funding. We always offer sibling discounts (3/4 tuition) to families with more than one child; during this fiscal year 19 children took advantage of the discounts. Our fall and winter/spring sessions consist of one class per week for 16 weeks. We estimate that close to 275 people participated in our programs including registered children, accompanying babies, parents/grandparents.

Operating model

Revenue model
Earned-program. 67% of the money available for current operations came from fees and other program revenue.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 100
  • Sustainability: 12
  • Growth: 0

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -14.9%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 84%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -10% per year; rating input score 0; 31st percentile among comparable filings
  • Revenue growth: -12.8% per year; rating input score 0; 26th percentile among comparable filings
  • Asset growth: -24% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $18K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 6 filing years from 2010 to 2015
  • 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.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 25/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.