The American Boychoir School

Nonprofit profile at a glance

EIN
210638797
IRS 990 coverage
2012–2015
Forms available
Form 990 2015
Location
Princeton, NJ, USA
Phone
6099245858
Rating
81
Verdict
STRONG
Rating confidence
Standard
Sector
Singing, Choral

Official website

Reported finances

Revenue
$3,088,950
Expenses
$2,414,692
Assets
$525,639
Liabilities
$543,092

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • Kerry Heimann (President)

Highest reported compensation

  • Kerry Heimann (President): $95,417 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

An accredited independent boys' school for grades four through eight for students throughout the U.S. and abroad, providing traditional academic curriculum, as well as music training, and organizing and actively performing concert tours.

What it reported doing in 2015

The operation of an educational institution and a touring choir.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 72% for direct work, and 28% for grants.

The verdict

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

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 100
  • Accountability: 100
  • Sustainability: 50
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 62.3%; rating input score 62
  • Program expense ratio: 79.7%; rating input score 80
  • Fundraising efficiency: $68.25 raised per $1 spent on fundraising; rating input score 85; 85th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 71st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 21.8%; rating input score 85; 85th percentile among comparable filings
  • Total-asset coverage ratio: 0.22; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 1.03; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 4%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -4.8% per year; rating input score 0; 15th percentile among comparable filings
  • Revenue growth: -39.6% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -71.2% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 62.3% of revenue deployed · 79.7% of spending went to programs
  • Governance: 15 of 15 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.9M in reported program spending
  • Leadership: top reported pay $95K · 16 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 8 filed schedules · includes major donors and grants
  • Filing history: 4 filing years from 2012 to 2015
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.