New York Guitar Festival
Nonprofit profile at a glance
- EIN
- 260089847
- IRS 990-EZ coverage
- 2016–2024
- Forms available
- Form 990-EZ 2024
- Location
- Ocean Grove, NJ, USA
- Phone
- 9178618453
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Music
Reported finances
- Revenue
- $1,352
- Expenses
- $42,843
- Assets
- $9,239
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
People named in this filing
- DAVID SPELMAN (Executive Dir.)
- ZINGI MKEFA (Secretary)
- ADAM OPPENHEIM (Treasurer)
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 New York guitar festival explores the full spectrum of the guitar's personality through inventive concerts, new commissions, and inspiring outreach programs such as master classes, workshops, and panel discussions. Our events are designed to nurture the next generation of guitarists and audiences. The festival embraces the art of the past as well as the art of our time, in the belief that creativity is a core human characteristic and that the arts hold uniquely transformative potential for all.
What it reported doing in 2024
Music festival held in 2024
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 82
- Sustainability: 6
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 32.7%; rating input score 33
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -3,068.9%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0.22; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 58.4%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: -5.8% per year; rating input score 0; 34th percentile among comparable filings
- Revenue growth: -8.3% per year; rating input score 0; 27th percentile among comparable filings
- Asset growth: 2.6% per year; rating input score 100; 49th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 32.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $14K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 8 filing years from 2016 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 — Financial Efficiency: Program expense ratio scored 33/100.
- High — Sustainability: Operating margin scored 1/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- High — Sustainability: Officer compensation ratio scored 2/100.