Newberry Consort Nfp

Nonprofit profile at a glance

EIN
270241182
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Chicago, IL, USA
Phone
8476071418
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Music

Official website

Reported finances

Revenue
$615,707
Expenses
$418,371
Assets
$799,711
Liabilities
$19,539

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

Leadership & pay

12 people listed

Executive titles in this filing

  • CARYN L JACOBS (PRESIDENT)
  • BEN DAVID ARONSON (EXECUTIVE DIRECTOR)

Highest reported compensation

  • LIZA MALAMUT (ARTISTIC DIRECTOR): $52,535 total reported compensation
  • BEN DAVID ARONSON (EXECUTIVE DIRECTOR): $34,235 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The newberry consort brings together singers and instrumentalists of the highest caliber to create historically informed performances of music from the middle ages, the renaissance, the baroque, and beyond. By integrating historical performance and research with contemporary themes and multimedia, we inspire audiences, musicians, and scholars by providing a window into earlier times and diverse cultures. The consort continues to uplift chicago's early music community through mentorships, teaching, and engagement of local artists.

What it reported doing in 2024

In the realm of osman: music from the early modern ottoman empire and beyond, may 9-11, chicago and evanston. In the realm of osman was also offered as a streaming program through june.

Operating model

Revenue model
Donor-supported. 79% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 61
  • Transparency & Controls: 92
  • Accountability: 81
  • Sustainability: 67
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 52.8%; rating input score 53
  • Program expense ratio: 73.8%; rating input score 74
  • Fundraising efficiency: $20 raised per $1 spent on fundraising; rating input score 58; 58th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 83.3%; rating input score 83; 19th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 32.1%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 1.91; rating input score 63; 63rd percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 60; 60th percentile among comparable filings
  • Officer compensation ratio: 20.7%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: 13% per year; rating input score 100; 71st percentile among comparable filings
  • Revenue growth: 16.9% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: 4.4% per year; rating input score 100; 36th percentile among comparable filings

Details

  • Where the money goes: 52.8% of revenue deployed · 73.8% of spending went to programs
  • Governance: 10 of 12 board members independent · 7 of 9 filing controls reported
  • Programs: 6 filed program accomplishments · $309K in reported program spending
  • Leadership: top reported pay $53K · 12 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 53/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 58/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Officer compensation ratio scored 14/100.