Rome Festival Orchestra Ltd
Nonprofit profile at a glance
- EIN
- 237254943
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024
- Location
- Luquillo, PR, USA
- Phone
- 9082337214
- Rating
- 54
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Music
Reported finances
- Revenue
- $95,832
- Expenses
- $32,012
- Assets
- $163,255
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- MRS CHRISTIAN DAVIS (PRESIDENT)
- PATRICIA PATE (VICE-PRESIDENT)
People named in this filing
- J JEANNETTE FERRELL (SECRETARY-TREAS)
- MR DONATO SORANNO (TRUSTEE)
- MR C RAY BARBER (TRUSTEE)
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
Operating a school for the professional level education of classical musicians, opera singers, choral singers, and ballet dancers.
What it reported doing in 2024
The rome festival orchestra, ltd. Continued phase two of opening in puerto rico a branch of the private school it has in rome, italy. The branch in puerto rico will operate on a formal basis as a private school offering a regular professional level curriculum through a cadre of artist-teachers to its student body of highly qualified classical musicians, opera singers, choral singers and ballet dancers by providing master-classes, coaching sessions, seminars, visitations, counseling, encounter groups, rehearsing and performing. These students are further trained to be more expressive in their own music-making by exposing them while in puerto rico to primary source examples of great art of both the visual and stage media: i.e., painting, sculpture, architecture, and opera. When fully operational the number of people participating in these activities will include 10 artist-teachers and non teaching employees who will be paid on a fee basis, 5 volunteers who receive no remuneration, 19-39 student musicians who will pay subsidized fees. Most of the student musicians will be puerto rican. Students from outside puerto rico will include african-americans, asian-americans, and european-americans.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
MIXED - A large share of available resources goes toward mission work and revenue comfortably covers expenses. A relatively small share of voting board members are independent and the filing reports few safeguards for money sent abroad.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 55
- Accountability: 30
- Sustainability: 74
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65.8%; rating input score 66
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- 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: 66.6%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 5.1; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: -16.7% per year; rating input score 0; 20th percentile among comparable filings
- Revenue growth: -5.5% per year; rating input score 0; 42nd percentile among comparable filings
- Asset growth: -33.1% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 65.8% of revenue deployed · 100% of spending went to programs
- Governance: 0 of 5 board members independent · 5 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $32K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 13 of 13 current checks pass
- Schedules: 5 filed schedules · includes major donors and foreign activity
- Filing history: 5 filing years from 2019 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: Independent voting board scored 0/100.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.