Noe Valley Chamber Music
Nonprofit profile at a glance
- EIN
- 943239153
- IRS 990 coverage
- 2021–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020
- Location
- San Francisco, CA, USA
- Phone
- 4156485236
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $495,560
- Expenses
- $403,645
- Assets
- $390,489
- Liabilities
- $66,551
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- Owen Dalby (Co-Artistic Director and Co-Executive Director, Board Member)
- Meena Bhasin (Co-Artistic Director and Co-Executive Director, Board Member)
- Charlotte Burchard (Board President)
- Ray Walton (Vice President)
Highest reported compensation
- Owen Dalby (Co-Artistic Director and Co-Executive Director, Board Member): $74,107 total reported compensation
- Meena Bhasin (Co-Artistic Director and Co-Executive Director, Board Member): $74,107 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Noe Valley Chamber Music (d.b.a. Noe Music) is a non-profit organization founded in 1992. Based in an intimate neighborhood setting in the heart of San Francisco, Noe Music combines world-class live performances with interactive education to build musical knowledge, foster community, and nurture an abiding love for a range of collaborative acoustic musical styles. We serve Bay Area families holistically through Mainstage concerts, kids' concerts, and the Lullaby Project.
What it reported doing in 2024
Noe Music Mainstage: Within a social sphere, this live music series combines world-class live performances with behind-the-scenes artist access and interactive education to build musical knowledge, shared community, an intimate connection and deep understanding of chamber music. In FY25 a $25,000 grant was received for this program's artist fees; and total audience of 1,276 was reached over 8 concerts.
Operating model
- Revenue model
- Donor-supported. 63% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 92
- Accountability: 84
- Sustainability: 49
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77%; rating input score 77
- Program expense ratio: 94.3%; rating input score 94
- Fundraising efficiency: $168.28 raised per $1 spent on fundraising; rating input score 90; 90th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 18.5%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 0.97; rating input score 40; 40th percentile among comparable filings
- Liabilities to assets ratio: 0.17; rating input score 21; 21st percentile among comparable filings
- Officer compensation ratio: 36.7%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: 28.9% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: 15.2% per year; rating input score 100; 82nd percentile among comparable filings
- Asset growth: 17.3% per year; rating input score 100; 81st percentile among comparable filings
Details
- Where the money goes: 77% of revenue deployed · 94.3% of spending went to programs
- Governance: 13 of 13 board members independent · 5 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $381K in reported program spending
- Leadership: top reported pay $74K · 13 people listed
- Consistency: 34 of 35 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: 4 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 — Accountability: Governance controls: 2 of 7 not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 40/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 7/100.
- High — Sustainability: Liabilities to assets ratio scored 21/100.