Pump House Music Works
Nonprofit profile at a glance
- EIN
- 813975431
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020, Form 990-PF 2018
- Location
- Wakefield, RI, USA
- Phone
- 4012589827
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Cultural Organizations - Multipurpose
Reported finances
- Revenue
- $289,084
- Expenses
- $486,430
- Assets
- $27,432
- Liabilities
- $529,694
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Daniel U Collins (President)
People named in this filing
- Rafael Attias (Director)
- Cynthia Gifford (Director)
- Victor Main (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of Pump House Music Works is to provide an opportunity for the performance of musical works of all genres and a venue for related creative projects. Additionally, to organize and promote a network in the community of artists, musicians and creative programs in southern Rhode Island and beyond.
What it reported doing in 2024
The Pump House has continued to gather the public for weekly music events in 2024 showcasing more than 100 local and New England musicians. Our monthly open mic hosts more than 30 participants who perform and network with other musicians. We have opened a courtyard area for gatherings and potluck events including the monthly open mic. The educational programs have continued and expanded. In 2024 we continued the weekly ukulele program and started a weekly Folks School. The Pump House has continued to support many community events and fundraisers for organizations such as RI Community Food Bank, Peace Dale Revitalization Group, Mathew Sheehan Memorial Foundation, University of Rhode Island Guitar Festival and the Kingston Chamber Music Festival. Our Jazz program continues on the first Sunday of every month and Classical music has been featured partnering with the Kingston Chamber Music Festival. The Bar, Rental and Ticket sales continue to grow and demonstrate the popularity and success of the Pump House mission to promote music of all genres, to support musicians and to provide educational programs for artists and the community.
Operating model
- Revenue model
- Earned-program. 61% 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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 92
- Accountability: 70
- Sustainability: 11
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 81.6%; rating input score 82
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -68.3%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 0.06; rating input score 4; 4th percentile among comparable filings
- Liabilities to assets ratio: 19.31; rating input score 0; 0th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: -17.3% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: 9.8% per year; rating input score 100; 72nd percentile among comparable filings
- Asset growth: 8.9% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 81.6% of spending went to programs
- Governance: 4 of 4 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $397K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 3 filing years from 2022 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.
- High — Accountability: Governance controls: 4 of 6 not reported.
- High — Sustainability: Operating margin scored 3/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 4/100.
- High — Sustainability: Liabilities to assets ratio scored 0/100.