Seven Stars Arts Center Inc
Nonprofit profile at a glance
- EIN
- 030420714
- IRS 990-EZ coverage
- 2012–2024
- Forms available
- Form 990 2016, Form 990-EZ 2024
- Location
- Sharon, VT, USA
- Phone
- 8022914139
- Rating
- 37
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Music
Reported finances
- Revenue
- $70,567
- Expenses
- $62,436
- Assets
- $179,569
- Liabilities
- $565
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Michael Barsanti (President)
People named in this filing
- Michael Barsanti (President)
- Emerson Gale (Treasurer)
- Thelma Thompson (Secretary)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Music and art education for rural areas
What it reported doing in 2024
We hosted a 14 public concerts and events for this fiscal year.
Operating model
- Revenue model
- Earned-program. 69% of the money available for current operations came from fees and other program revenue.
- 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
REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. 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: 2
- Transparency & Controls: 82
- Sustainability: 62
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 2.4%; rating input score 2
- Program expense ratio: 2.8%; rating input score 3
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 11.5%; rating input score 64; 64th percentile among comparable filings
- Total-asset coverage ratio: 2.88; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 33; 33rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -24.1% per year; rating input score 0; 15th percentile among comparable filings
- Revenue growth: -2.5% per year; rating input score 0; 42nd percentile among comparable filings
- Asset growth: -6.8% per year; rating input score 0; 21st percentile among comparable filings
Details
- Where the money goes: 2.4% of revenue deployed · 2.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $2K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 10 filing years from 2012 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 — Financial Efficiency: Mission deployment rate scored 2/100.
- High — Financial Efficiency: Program expense ratio scored 3/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 33/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.