San Antonio International Piano Competition
Nonprofit profile at a glance
- EIN
- 742304836
- IRS 990-EZ coverage
- 2010–2016
- Forms available
- Form 990 2012, Form 990-EZ 2016
- Location
- San Antonio, TX, USA
- Phone
- 2106550766
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Music
Reported finances
- Revenue
- $87,343
- Expenses
- $154,321
- Assets
- $47,338
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- JAMES LUCAS JD (CO-PRESIDENT)
- DAVID SCOTT HENCSHEL (CO-PRESIDENT)
People named in this filing
- ROBERT CRUISE (TRUSTEE)
- ANNE JOHNSON (TRUSTEE)
- MURIEL LEAFSTEDT (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-EZ. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote the appreciation of piano artistry by the San Antonio general public, encourage development of young pianists in Greater San Antonio and Texas and sponsor public competition among aspiring young pianists from around the world.
What it reported doing in 2016
Saipc organizes and hosts a piano competition that takes place every four years. During the event, competitors from all over the world compete for cash and performance prizes before a panel of internationally renowned judges. In most cases, the winners have gone on to impressive performance and teaching careers on the world stage. Between competition years, the organization is involved in promotion and fundraising the event. We at saipc are proud of our education program. Our ambassadors program serves to bring the power and beauty of classical piano to the san antonio community and provide 5 to 10 young and gifted san antonio area pianists with a set of concert opportunities to build their performance skills. We provide master classes for ambassadors, annual ambassador performances, senior tour (retirement communities and nursing facilities), community tour (king williams, haven for hope, and others), and opening performances at other saipc concert events. There is no admission charge and the program's total attendence target is over 1,000.saipc's international piano series is the only local series especially designed to feature piano performance. Hundreds of san antonians have taken advantage of this series, which features top artists from around the country.the board of directors dedicate ample volunteer hours in order to meet the organization's goals. A number of volunteers donated approximately 2,000 and 2,040 hours to the organization's program services during the years ended december 31, 2015 and 2014, respectively; however, these donated services are not reflected in the revenues and expenses of the organization. The approximate value for these services was $66,000 and $67,000 for the years ended december 31, 2015 and 2014, respectively.
Operating model
- Revenue model
- Donor-supported. 74% 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 revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 100
- Sustainability: 25
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 82.9%; rating input score 83
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: -76.7%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 0.31; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 22.1% per year; rating input score 100; 84th percentile among comparable filings
- Revenue growth: -2.4% per year; rating input score 0; 46th percentile among comparable filings
- Asset growth: 3.7% per year; rating input score 100; 55th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 82.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $128K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2010 to 2016
- 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: Operating margin scored 8/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 21/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.