Portsmouth Music & Arts Center Inc
Nonprofit profile at a glance
- EIN
- 223883953
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024, Form 990-EZ 2009
- Location
- Portsmouth, NH, USA
- Phone
- 6034314278
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $2,849,128
- Expenses
- $1,681,910
- Assets
- $2,667,008
- Liabilities
- $756,764
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- RUSSELL B GRAZIER JR (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- RUSSELL B GRAZIER JR (CHIEF EXECUTIVE OFFICER): $108,522 total reported compensation
- KATHERINE GRAZIER (CHIEF OPERATING OFFICER): $80,961 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To build community through the arts by providing all people with the opportunity to achieve their full creative potential, regardless of their age, ability or economic status. We accomplish this through high quality music and visual arts education programs and by creating ensemble, performance and exhibiton opportunities for students, professionals, and audiences.
What it reported doing in 2024
The organization provides individual instruction in a wide variety of musical instruments and voice for community members of all ages, including adults. The center also offers a wide variety of art classes as well as individual instruction. Classes are in a variety of mediums including but not limited to drawing, painting, printmaking, collage, sculpture and photography.the organization offers several educational music ensembles taught by professional faculty. Ensembles include youth orchestra, teen jazz band, youth rock bands, and many adult community ensembles including flute choir, saxophone ensemble, bluegrass ensemble, concert band, jazz band, big band, blues band and more.
Operating model
- Revenue model
- Donor-supported. 65% of the money available for current operations came from contributions and gifts.
- 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 most voting board members are independent. 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: 40
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 65
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 32.4%; rating input score 32
- Program expense ratio: 54.8%; rating input score 55
- Fundraising efficiency: $9.41 raised per $1 spent on fundraising; rating input score 36; 36th 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 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 41%; rating input score 89; 89th percentile among comparable filings
- Total-asset coverage ratio: 1.59; rating input score 54; 54th percentile among comparable filings
- Liabilities to assets ratio: 0.28; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 11.3%; rating input score 26; 26th percentile among comparable filings
Growth
- Program expense growth: 5.5% per year; rating input score 100; 43rd percentile among comparable filings
- Revenue growth: 9.5% per year; rating input score 100; 67th percentile among comparable filings
- Asset growth: 9.3% per year; rating input score 100; 56th percentile among comparable filings
Details
- Where the money goes: 32.4% of revenue deployed · 54.8% of spending went to programs
- Governance: 15 of 15 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $922K in reported program spending
- Leadership: top reported pay $109K · 17 people listed
- Highest-paid contractors: 1 contractor listed · $112K reported
- Consistency: 32 of 32 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 4 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 32/100.
- Review — Financial Efficiency: Program expense ratio scored 55/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 36/100.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- Review — Sustainability: Total-asset coverage ratio scored 54/100.
- High — Sustainability: Officer compensation ratio scored 26/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.