Sipsys Entertainment

Nonprofit profile at a glance

EIN
932890873
IRS 990-EZ coverage
2023–2023
Forms available
Form 990-EZ 2023
Location
Los Banos, CA, USA
Phone
2094893682
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Music

Reported finances

Revenue
$23,336
Expenses
$21,716
Assets
$1,620

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • VALERIE STAPLETON (President)

People named in this filing

  • VALERIE STAPLETON (President)
  • PAIGE MENEZES (Secretary)
  • LAUREN BUTTREY (Treasurer)

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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Sipsy's Entertainment was created for the purpose of bringing music education to our community and the surrounding areas. We believe music is a creative outlet for all ages, with numerous developmental benefits. Our goal at Sipsy's Entertainment is to provide our community with music education through words and music from experienced songwriters/artists.

What it reported doing in 2023

Sipsy's entertainment was successfully able to complete the first songwriters under the stars show in 2023. While we did not accumulate enough funds to break even financially on the event, Sipsy's Entertainment met its mission statement in creating musical education for the community. Many members from the surrounding communities joined us as we had some of the top songwriters in Nashville come and preform as well as give back ground on how they created song we hear sung on the radio. We were also able to incorporate the local high school music department and had students see first-hand what it was like to set up a live musical show. We were able to send the Los Banos High School music department check of $200 after the show to help further their musical education. We were unable to put on another event in 2024 but we do have plans to bring another songwriters event in 2025.

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: 91
  • Transparency & Controls: 82
  • Sustainability: 37
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.5%; rating input score 89
  • Program expense ratio: 95.1%; rating input score 95

Transparency & Controls

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

Sustainability

  • Operating margin: 6.9%; rating input score 58; 58th percentile among comparable filings
  • Total-asset coverage ratio: 0.07; rating input score 9; 9th 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: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 88.5% of revenue deployed · 95.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $21K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • 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 — Sustainability: Total-asset coverage ratio scored 9/100.
  • Review — Sustainability: Operating margin scored 58/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • Review — Grant Readiness: California registration: this organization could not be resolved against the register, so the check is unfinished.