String Insiders

Nonprofit profile at a glance

EIN
842426854
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
McKinney, TX, USA
Phone
7733444471
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$23,179
Expenses
$23,178
Assets
$365
Liabilities
$0

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

Leadership & pay

2 people listed

People named in this filing

  • T Colton Potter (Treasurer)
  • Lydia Rhea (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

String Insiders' mission is to inspire violin, viola, and cello students through online and in-person connections to teachers, peers, and a wealth of information that challenges and encourages them in their growth as a musician and helps them achieve the career of their dreams by being innovators, artists, and entrepreneurs. String Insiders serves over 200 students a year with the programs for high achieving students. Based in Dallas, Texas, the programs serves musicians across the world both online and in-person at our one- and two-week programs.

What it reported doing in 2024

The Online Solo Strings Intensive (OSSI) is a two-week-long program for classical music students approximately 15-28 years old. Students will take part in daily workshops/seminars as well as receive private lessons, watch or participate in masterclasses, and play in studio classes. The Intensive's goals are not only to expand the musical knowledge and prowess of each participant, but to deepen their understanding of classical music through seminars and workshops and to connect serious musicians across the globe to each other by facilitating a robust environment for developing classical musicians. OSSI is conducted online, bridging the gap for low-income students and significantly reducing costs for musicians to be able to study intensely with the best professors in the United States. The curriculum focuses on the technical ability required for musicians, and the other skills needed to create a successful career, such as health & wellness, chamber music, time management, and more.

Operating model

Revenue model
Earned-program. 100% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 82
  • Sustainability: 38
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.5%; rating input score 78
  • Program expense ratio: 78.5%; rating input score 78

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 0%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 0.02; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -50.9% per year; rating input score 0; 8th percentile among comparable filings
  • Revenue growth: -50.2% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -99.3% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 78.5% of revenue deployed · 78.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $18K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 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 — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • Moderate — Sustainability: Operating margin scored 46/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.