New England Philharmonic Inc

Nonprofit profile at a glance

EIN
042679791
IRS 990-EZ coverage
2013–2024
Forms available
Form 990-EZ 2024
Location
Boston, MA, USA
Phone
8554637445
Rating
85
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$160,226
Expenses
$157,922
Assets
$110,931
Liabilities
$0

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

Leadership & pay

7 people listed

Executive titles in this filing

  • JENNIFER SNODGRASS (PRESIDENT)
  • ANN TEIXEIRA (VICE PRESIDENT)

People named in this filing

  • JOHN F GUTHRIE JR (TREASURER)
  • JOHN WALSH (SECRETARY)
  • JENNIFER SNODGRASS (PRESIDENT)

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

To perform public concerts that attract audiences to, and encourge appreciation of contemporary and less frequently performed traditional classical music-including having a composer-in-residence and commissioning new works, performing premieres, identifying and showcasing young musicians and recent compositions through young artist and call for scores, competitions, and community outreach through the nep chamber players.

What it reported doing in 2024

Nep engaged in community outreach through two principal initiatives first, nurtured young musicians and young audiences through the young artist competition and family concert at which the yac winner(s) perform(s) with the orchestra. Second, the nep chamber players continued their collaboration begun in 2015 with boston childrens museum.in its second season of a newly conceived the interactive series 'conduct us'! Children are actively engaged to learn thst musicians do not play until a conductor raises a baton and musicians respond by playing at the pace and intensity at which the child conducts.

Operating model

Revenue model
Donor-supported. 80% 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

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 100
  • Sustainability: 43
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.4%; rating input score 76
  • Program expense ratio: 77%; rating input score 77

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: 1.4%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 0.7; rating input score 48; 48th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 15.8%; rating input score 18; 18th percentile among comparable filings

Growth

  • Program expense growth: 6.8% per year; rating input score 100; 53rd percentile among comparable filings
  • Revenue growth: 2.9% per year; rating input score 100; 36th percentile among comparable filings
  • Asset growth: 21.2% per year; rating input score 100; 81st percentile among comparable filings

Details

  • Where the money goes: 76.4% of revenue deployed · 77% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $122K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 12 filing years from 2013 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.

  • Moderate — Sustainability: Operating margin scored 38/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
  • High — Sustainability: Officer compensation ratio scored 18/100.