Summer Music Associates
Nonprofit profile at a glance
- EIN
- 237423016
- IRS 990-EZ coverage
- 2012–2024
- Forms available
- Form 990-EZ 2024
- Location
- New London, NH, USA
- Phone
- 6035268234
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts, Culture, and Humanities
Reported finances
- Revenue
- $100,978
- Expenses
- $61,585
- Assets
- $308,195
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- Nancy Macdonald (Vice-President)
- Nancy Tripp (President)
People named in this filing
- Don Boxwell (Director)
- MaryAnn Bradley (Director)
- Tom Brewer (Director)
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
To bring distinctive, diverse and predominantly classical music performed by outstanding musicians to a broad New London-Lake Sunapee area audience.
What it reported doing in 2024
2024 concert presentations: Boston Civic Symphony w/ Fred Moyer, pianist; Texas Guitar Quartet; Paul Bisaccia, pianist; Alias Brass; Uptown Jazz Tentet. Combined audience of approximately 1,200 attendees.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 94% 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 - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 82
- Sustainability: 78
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 52.1%; rating input score 52
- Program expense ratio: 78.3%; 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: 39%; rating input score 89; 89th percentile among comparable filings
- Total-asset coverage ratio: 5; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 2.8% per year; rating input score 100; 39th percentile among comparable filings
- Revenue growth: 6% per year; rating input score 100; 52nd percentile among comparable filings
- Asset growth: 6.4% per year; rating input score 100; 50th percentile among comparable filings
Details
- Where the money goes: 52.1% of revenue deployed · 78.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $48K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 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.
- Review — Financial Efficiency: Mission deployment rate scored 52/100.