North Carolina Chamber Music Instit
Nonprofit profile at a glance
- EIN
- 471239633
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2016
- Location
- Raleigh, NC, USA
- Phone
- 9197813863
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $177,070
- Expenses
- $170,554
- Assets
- $134,166
- Liabilities
- $13,018
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- Elizabeth Beilman (Executive Director)
- Jimmy Gilmore (Assistant Executive Director)
- Waltye Rasulala (President)
- Julie Song (Vice-President)
People named in this filing
- Elizabeth Beilman (Executive Director)
- Jimmy Gilmore (Assistant Executive Director)
- Waltye Rasulala (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 provide mentorship and chamber music
What it reported doing in 2024
NCCMIs outreach program encourages the students to participate in concerts at local retirement communities, libraries, museums, church services and other events in the community.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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 - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 46
- Transparency & Controls: 82
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 45.1%; rating input score 45
- Program expense ratio: 47.7%; rating input score 48
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 3.7%; rating input score 44; 44th percentile among comparable filings
- Total-asset coverage ratio: 0.79; rating input score 51; 51st percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 34.5%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: 12% per year; rating input score 100; 65th percentile among comparable filings
- Revenue growth: 11.3% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: 19.2% per year; rating input score 100; 79th percentile among comparable filings
Details
- Where the money goes: 45.1% of revenue deployed · 47.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $81K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 7 filing years from 2018 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 45/100.
- Moderate — Financial Efficiency: Program expense ratio scored 48/100.
- Moderate — Sustainability: Operating margin scored 44/100.
- Review — Sustainability: Total-asset coverage ratio scored 51/100.
- High — Sustainability: Officer compensation ratio scored 9/100.
- High — Sustainability: Liabilities to assets ratio scored 24/100.