Poms of Belmont

Nonprofit profile at a glance

EIN
043263134
IRS 990-EZ coverage
2011–2024
Forms available
Form 990-EZ 2024
Location
Belmont, MA, USA
Phone
6179935900
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$95,538
Expenses
$90,773
Assets
$63,497

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • ANNA KIM (PRESIDENT)

People named in this filing

  • MELISSA MORLEY (DIRECTOR)
  • ANNA KIM (PRESIDENT)
  • LISA BROOKINS (TREASURER)

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

Parents of music students (poms) is a parent-run booster organization for music programs in the belmont public schools, k-12. Since 1971, poms has helped sustain belmont's national reputation for high achievement in music by supporting the town's music families and the district's outstanding music faculty. In short, poms seeks to help provide the difference between a merely adequate music program and a sterling one. The poms mission is three pronged: 1)to operationally and logistically support the belmont public schools' music program, its teachers and participating families and students, grades k-12. 2)to financially be in a position to cover music education-related expenses not covered by the school budget, that are needful to keep the school music programs to a high standard. 3)to champion music education in the public schools to the belmont community.

What it reported doing in 2024

Purchase of necessary instruments, equipment, costimes and unifroms. Benefirted orchestra program (over 100 members) and band program (over 100 members and choral program (over 250 members).

Operating model

Revenue model
Earned-program. 76% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 96% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 95
  • Transparency & Controls: 82
  • Sustainability: 43
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.9%; rating input score 93
  • Program expense ratio: 97.7%; rating input score 98

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 5%; rating input score 55; 55th percentile among comparable filings
  • Total-asset coverage ratio: 0.7; rating input score 37; 37th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 7.1% per year; rating input score 100; 67th percentile among comparable filings
  • Revenue growth: 3% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: 3.9% per year; rating input score 100; 54th percentile among comparable filings

Details

  • Where the money goes: 92.9% of revenue deployed · 97.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $89K in reported program spending
  • Leadership: top reported pay $0 · 15 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • 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 — Sustainability: Operating margin scored 55/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.