South Bend Area Music Teachers Association

Nonprofit profile at a glance

EIN
351470027
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Goshen, IN, USA
Phone
5742993244
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$66,287
Expenses
$74,361
Assets
$1,233,259
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • JENNIFER KEELEY (PRESIDENT)

People named in this filing

  • JENNIFER KEELEY (PRESIDENT)
  • KRYSTA HAVENS (VICE PRESIDE)
  • LEAH HANSTRA (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. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote the educational and artistic growth of its membership by providing musical enrichment, educational opportunities and social activities for teachers and students, to promote music in the south bend area, and to support the objective of the music teachers national association and the Indiana music teachers association. The association shall not be organized or operated for the benefit of private interests, and no part of its net earnings shall inure to the benefit of or be distributable to its members, officers, or other private individuals except to pay reasonable compensation for services rendered. The association shall not carry on propaganda or otherwise attempt to influence legislation and shall not participate in or intervene in any political activity, including campaigning for candidates or publishing or distributing statements. The association shall not carry on any other activities not permitted by an association exempt from federal income tax under section 501(c)(3)

What it reported doing in 2024

Music events, festivals & ensembles - south bend area music teachers association holds annually the achievement in music festival, aim, wherein they implement the Indiana music teachers association guidelines for evaluating all levels of piano students in keyboard, theory and performance skills. In past years the sbamta has hosted a multi-keyboard ensemble concert in which piano students of all ages participate. Also, student recitals have been held for area teachers & students to perform. Monthly programs of interest are provided for sbamta members enrichment.

Operating model

Revenue model
Investment-supported. 94% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 83% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 93
  • Accountability: 70
  • Sustainability: 58
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.1%; rating input score 92
  • Program expense ratio: 81.7%; rating input score 82
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -12.2%; rating input score 44; 44th percentile among comparable filings
  • Total-asset coverage ratio: 16.58; rating input score 75; 75th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: 8.3% per year; rating input score 100; 73rd percentile among comparable filings
  • Revenue growth: -2.3% per year; rating input score 0; 51st percentile among comparable filings
  • Asset growth: 2.5% per year; rating input score 100; 54th percentile among comparable filings

Details

  • Where the money goes: 92.1% of revenue deployed · 81.7% of spending went to programs
  • Governance: 35 of 35 board members independent · 2 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $61K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 17 of 17 current checks pass
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 11 filing years from 2014 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 — Accountability: Governance controls: 4 of 6 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 44/100.