Susan W Rose Fund for Music Inc

Nonprofit profile at a glance

EIN
133808182
IRS 990-PF coverage
2010–2021
Forms available
Form 990-PF 2021
Location
New York, NY, USA
Phone
2122106666
Rating
54
Verdict
MIXED
Rating confidence
Standard
Sector
Arts, Culture, and Humanities

Reported finances

Revenue
$0
Expenses
$3,335

Source: IRS Form 990-PF. Selected filing: tax year 2021. Amounts in USD.

Overview

Mission

Music

What it reported funding in 2021

The foundation reported 1 filed grant row totaling $655. The stated grant purpose was to assist professional, classical musicians who have potential for excellence and require financial assistance..

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this foundation funds its work.
Distribution model
Direct operator. The foundation carried out 80% of its reported charitable disbursements directly.

The verdict

MIXED - A large share of available resources goes to charitable grants and the filed numbers largely add up. A relatively small share of spending goes to grants and assets provide a limited cushion relative to annual grants.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 20
  • Transparency: NotEnoughData
  • Compliance: 98
  • Endowment Health: 6

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 85th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 19.6%; rating input score 20; 44th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Limited

Compliance

  • Foundation activity disclosures: 18 of 19 controls in place; rating input score 95
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Fail
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Individual grants for travel, study or similar purposes: Pass
    • Grants outside qualifying charitable organization categories: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 7; rating input score 100

Endowment Health

  • Endowment-health comparison: 0; rating input score 6; 6th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: Filed grants detail
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 6th percentile for endowment coverage
  • Consistency: 7 of 7 current checks pass
  • Filing history: 10 filing years from 2010 to 2021
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Cost Efficiency: Grant expense ratio scored 20/100.
  • High — Endowment Health: Endowment-health comparison scored 6/100.
  • Review — Compliance: Foundation activity disclosures: Goods, services, or facilities involving a disqualified person not reported.