Spoonful of Music Foundation

Nonprofit profile at a glance

EIN
471807484
IRS 990-EZ coverage
2016–2017
Forms available
Form 990-EZ 2017
Location
Greensboro, NC, USA
Phone
3368701464
Rating confidence
Limited
Sector
Arts, Culture, and Humanities

Reported finances

Revenue
$51,362
Expenses
$52,694
Assets
$606

Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • Brad Procton (President, Dir.)

People named in this filing

  • Brad Procton (President, Dir.)
  • Smith Carlson (Chairman, Dir.)
  • Jim Boitnott (Treas/Sec, Dir.)

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 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the organization is to provide music programs.

What it reported doing in 2017

This year the organization:- Various music instruments and recording devices to UCLA Mattel Childrens Hospital- Inception of Planning for Music Room, Performance Space and Music Work Stations Brenner Childrens Hospital Winston Salem NC- Inception of Planning for Music Room, Performance Space and Music Work Stations Mattel Childrens Hospital, UCLA Ronald Reagan Hospital Los Angeles CA- Negotiation with PreSonus Baton Rouge LA. Planning and contribution of sound equipment and various computer programs for the above- Continuation of expansion of local programs working with Recording Studios, Music Therapists and children

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

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Sustainability: 26
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited

Transparency & Controls

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

Sustainability

  • Operating margin: -2.6%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 0.01; rating input score 4; 4th 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: 190.3% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: -104.7% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2016 to 2017
  • 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 — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 39/100.
  • High — Sustainability: Total-asset coverage ratio scored 4/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.