Opportunity Music Project
Nonprofit profile at a glance
- EIN
- 463720737
- IRS 990-EZ coverage
- 2013–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- New York, NY, USA
- Phone
- 9177413190
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Humanities Organizations
Reported finances
- Revenue
- $151,590
- Expenses
- $228,087
- Assets
- $69,450
- Liabilities
- $1,254
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Matthew Kaplan (President)
People named in this filing
- Sumeet Shah (Director)
- Jessica Garand (Executive Dir.)
- Jean Ricot Saint Fleury (Director)
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
We promote diversity in the arts, and expand access for young artists historically underrepresented in classical music. The mission of Opportunity Music Project is to create a community where all children, regardless of economic background, can pursue their passion for music and gain the valuable personal and collaborative skills associated with the rigors of learning an instrument. Opportunity Music Project began in April 2011 with seven students. The program now serves a community of 125 students ages 4 years old to 18 years old from all boroughs of New York City.
What it reported doing in 2024
This project locates dedicated families with a child interested in music and offers them the opportunity to take private music lessons. A pilar of the project is the element of service that students in turn provide to their community by giving back in the form of recitals to social groups such as the elderly and homeless. Students and their families become active owners of their project.
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 - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 93
- Sustainability: 20
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.8%; rating input score 83
- Program expense ratio: 55%; rating input score 55
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 2nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -50.5%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0.3; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 38; 38th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 11.6% per year; rating input score 100; 64th percentile among comparable filings
- Revenue growth: 13.3% per year; rating input score 100; 74th percentile among comparable filings
- Asset growth: 11% per year; rating input score 100; 64th percentile among comparable filings
Details
- Where the money goes: 82.8% of revenue deployed · 55% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $125K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 6 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.
- Review — Financial Efficiency: Program expense ratio scored 55/100.
- High — Sustainability: Operating margin scored 2/100.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 38/100.