Quodlibet Ensemble Inc

Nonprofit profile at a glance

EIN
811575401
IRS 990-EZ coverage
2018–2018
Forms available
Form 990-EZ 2018, Form 990-N 2017
Location
Baltimore, MD, USA
Phone
2033764874
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Music

Reported finances

Revenue
$13,466
Expenses
$15,134
Assets
$1,712
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Katie Hyun (Board President)

People named in this filing

  • Katie Hyun (Board President)
  • Joseph Magar (Secretary, treasurer, sits on board of directors)
  • Jason Jones (Board of directors)

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 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Quodlibet is a multi-disciplinary chamber orchestra based in New York City, performing in the greater Tri-State Area. Quodlibet is committed to developing and encouraging a broader audience for the music of the past and present, while bringing fresh perspectives to seasoned listeners. The group is built to highlight the talents of individual musicians who specialize in different fields. This not only promotes the musicians, but also allows each piece on a given program the best possible voice for expression. Quodlibet's mission is to provide chamber orchestra experiences that inspire, educate and entertain at the highest quality. Quodlibet will achieve this through diverse programs and a versatile set of high level musicians. The current goal is to increase self-produced concerts to 3-5 a season in New York at little or no cost to the public with programs designed to engage the listener with music both new and old.

What it reported doing in 2018

On May 16, 2019 we performed at St. Peter's Chelsea in NYC for an audience of 60-70 people with renowned clarinetist David Shifrin. The program that featured American Contemporary composer Jessica Meyer and a special guest appearance by actor and director Monica Sanborne.

Operating model

Revenue model
Donor-supported. 100% 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

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: 100
  • Transparency & Controls: 82
  • Sustainability: 31
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -12.4%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 0.11; rating input score 11; 11th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $15K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 1 filed schedules
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 27/100.
  • High — Sustainability: Total-asset coverage ratio scored 11/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.