Palm Beach Pops Inc Co Jonathan Lappin

Nonprofit profile at a glance

EIN
650294494
IRS 990 coverage
2010–2014
Forms available
Form 990 2014
Location
North Palm Beach, FL, USA
Phone
5618327677
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Symphony Orchestras

Official website

Reported finances

Revenue
$605,257
Expenses
$1,035,738
Assets
$3,714,553
Liabilities
$2,706

Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • JONATHAN LAPPIN (PRESIDENT)

Highest reported compensation

  • JONATHAN LAPPIN (PRESIDENT): $28,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

In a unique orchestral focus, the palm beach pops' founding board of directors articulated the following organizational mission; * to preserve the heritage of america's great composers and lyricists; to celebrate the great performers of the past and present.* to further enhance the entertainment art from that is truly unique - the american musical; to perform the music of broadway, of hollywood and the music recorded by the great legends of our time.* to encourage a greater appreciation, understanding and enjoyment of live music through the development of world-renowned symphonic pops orchestra devoted to the performance of the music of america. * to encourage young people to take an active interest in usic by developing education and awareness programs and affording students the opportunity to attend live performance with professional musicians and musical artists.

What it reported doing in 2014

Public appreciation of "the american song book" and to also introduce "the american song book" and the rudiments of music to children

Operating model

Revenue model
Earned-program. 93% of the money available for current operations came from fees and other program revenue.
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 voting board members are independent and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 90
  • Accountability: 21
  • Sustainability: 42
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.8%; rating input score 90
  • Program expense ratio: 53%; rating input score 53
  • Fundraising efficiency: Limited

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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 4th percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -71.1%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 3.59; rating input score 79; 79th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 88; 88th percentile among comparable filings
  • Officer compensation ratio: 2.7%; rating input score 64; 64th percentile among comparable filings

Growth

  • Program expense growth: 65.5% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: -37.9% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -14.5% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 89.8% of revenue deployed · 53% of spending went to programs
  • Governance: 0 of 6 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $549K in reported program spending
  • Leadership: top reported pay $28K · 6 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2010 to 2014
  • 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.

  • High — Accountability: Independent voting board scored 0/100.
  • Review — Financial Efficiency: Program expense ratio scored 53/100.
  • Review — Accountability: Governance controls: 4 of 8 not reported.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.