Secret Sits Pro Musica Ensembles Inc

Nonprofit profile at a glance

EIN
820901575
IRS 990-EZ coverage
2017–2022
Forms available
Form 990-EZ 2022
Location
Athens, GA, USA
Rating
37
Verdict
REVIEW
Rating confidence
Moderate
Sector
Music

Reported finances

Revenue
$88,000
Expenses
$89,153
Assets
$223
Liabilities
$52,786

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • BERNARD PATTEN (President)
  • STUART WHIPPLE (Vice President)

People named in this filing

  • BERNARD PATTEN (President)
  • MEASHELL INGRAM (CFO)
  • STUART WHIPPLE (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 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Secret Sits was formed in an effort to (i) raise funds to be allocated to music education, with an emphasis on classical music, (ii) increase exposure of classical music to the community at-large; and (iii) enhance awareness for the potential of careers in music.

What it reported doing in 2022

Secret Sits was formed to (i) raise funds to be allocated to music education, with an emphasis on classical music, (ii) increase exposure of classical music to the community at-large; and (iii) enhance awareness for the potential of careers in music.

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
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 1
  • Transparency & Controls: 82
  • Sustainability: 28
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 1.2%; rating input score 1
  • Program expense ratio: 1.2%; rating input score 1

Transparency & Controls

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

Sustainability

  • Operating margin: -1.3%; rating input score 43; 43rd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 5; 5th percentile among comparable filings
  • Liabilities to assets ratio: 236.71; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -47.4% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: 32.9% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: -42.5% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 1.2% of revenue deployed · 1.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $1K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 7 of 8 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2017 to 2022
  • 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 — Financial Efficiency: Mission deployment rate scored 1/100.
  • High — Financial Efficiency: Program expense ratio scored 1/100.
  • Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 5/100.
  • Moderate — Sustainability: Operating margin scored 43/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.