Rosewood Fanning Inc

Nonprofit profile at a glance

EIN
812417190
IRS 990-EZ coverage
2017–2019
Forms available
Form 990-EZ 2019
Location
Schenectady, NY, USA
Rating
95
Verdict
STRONG
Rating confidence
Moderate
Sector
Music

Reported finances

Revenue
$76,422
Expenses
$76,063
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • JANE SCHRAMM (President)
  • DENISE PAVLETIC (Vice President)

People named in this filing

  • JANE SCHRAMM (President)
  • KATHLEEN PIERONE (SECRETARY/TREAS)
  • DENISE PAVLETIC (Vice President)

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 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Rosewood fanning is a new arts organization that was established as a not-for-profit in New York state on april 15, 2016. Our prominent production is competition for pianists and other musicians. We are based in schenectady New York.

What it reported doing in 2019

We believe our Competition Events provide an innovative improvisation on an old tradition, the musical contest. Rosewood Fanning intends to enhance the existing field with novelty, interesting challenges and offer a variety of opportunities for pianists and other musicians.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 100
  • Sustainability: 29
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.5%; 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: Yes; rating input score 100

Sustainability

  • Operating margin: 0.5%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd 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: 69% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 69.5% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: -87% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 99.5% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $76K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 3 filing years from 2017 to 2019
  • 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 — Sustainability: Total-asset coverage ratio scored 2/100.
  • Moderate — Sustainability: Operating margin scored 46/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.