Phantom Regiment Inc

What it reported doing in 2024

Established in 1956 as a part of the rockford vfw post 342, phantom regiment, inc. Is a youth organization dedicated to the development of self-esteem and self-reliance. It encourages teamwork, sportsmanship, civic pride and contributions of one's personal best to a group effort. These lessons are learned through a musical and marching activity in which there is a blending of the arts and athletics. Phantom regiment prides itself on providing a life-changing experience for the youth that participate in any of our programs. We want to offer a conduit through which they succeed not only within the music education world, which is one of our primary focuses, but also providing lessons they can apply to other areas of their life. We provide youth activities that enhance the personal growth and development of its participants through excellence in education, entertainment and the performing arts. It's activities make a lasting impact on our students, many of whom continue their education and become music educators throughout the country while others become professional musicians and dancers. We find that many of our activities have a life-long impact on the students due to the skills and friendships they develop while participating in our programs. Our programs include: phantom regiment drum and bugle corps - this is a performing group of 165 students that range in age from 16 to 21. We have between 600 and 750 students audition to be part of the corps that requires that they attend practices one weekend a month from december through april and move to rockford in may to learn that year's program for three weeks before embarking on a two month tour of the united states to participate in competitions and practice. The competitive season ends in mid-august in indianapolis where the drum corps international world championships are held. The drum corps has the 2nd longest active streak of appearing in dci's top 12 and has won the championship in 1996 and 2008. Public school outreach - the organization provides assistance in the form of lending instruments and introducing students to music. Budget cuts in many of our local school districts have resulted in the reduction or elimination of music programs. Phantom regiment has also provided clinicians and conductors for the city of rockford's all-star and honor band concerts. We feel that music education is essential to a well-rounded student and many studies have documented the positive relationship between being involved in music and math and science scores. High & middle school concert band festival - produced in conjunction with the northern Illinois university music department, this festival allows schools the opportunity to perform in the beautiful boutell memorial concert hall, on the campus of northern Illinois university. The festival is a noncompetitive, educational event in a welcoming environment where students perform on stage and receive feedback and state of the art audio and video recordings of their concert, as well as take part in a clinic with one of the festival's clinicians following their performance.

Financial Efficiency

• Mission deployment rate: 88.3%; rating input score 88
• Program expense ratio: 80.9%; rating input score 81
• Fundraising efficiency: $1.82 raised per $1 spent on fundraising; rating input score 5; 5th 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: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • 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: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -0.6%; rating input score 31; 31st percentile among comparable filings
• Total-asset coverage ratio: 0.54; rating input score 19; 19th percentile among comparable filings
• Liabilities to assets ratio: 0.32; rating input score 33; 33rd percentile among comparable filings
• Officer compensation ratio: 3.4%; rating input score 66; 66th percentile among comparable filings

Growth

• Program expense growth: 10.3% per year; rating input score 100; 65th percentile among comparable filings
• Revenue growth: 8.3% per year; rating input score 100; 61st percentile among comparable filings
• Asset growth: 8.7% per year; rating input score 100; 53rd percentile among comparable filings