The Classical Saxophone Project Inc
Nonprofit profile at a glance
- EIN
- 455272032
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024, Form 990-N 2021
- Location
- New York, NY, USA
- Phone
- 6463447232
- Rating
- 49
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Music
Reported finances
- Revenue
- $128,004
- Expenses
- $176,022
- Assets
- $538,398
- Liabilities
- $12,375
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- JEAN-PIERRE SCHMITT (PRESIDENT)
Highest reported compensation
- JAVIER OVIEDO (GENERAL SECRETARY): $64,098 total reported compensation
- JEAN-PIERRE SCHMITT (PRESIDENT): $27,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote the classical repertory of the saxophone, by providing a forum where classical saxophone players can perform with orchestras and conduct classes for the general public in order to enhance the saxophone as a concert instrument.
What it reported doing in 2024
Classes for the general public in order to enhance the saxophone as a concert instrument for develop an interest in understanding of saxophone
Operating model
- Revenue model
- Donor-supported. 79% of the money available for current operations came from contributions and gifts.
- 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
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 35
- Transparency & Controls: 92
- Accountability: 5
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 47.5%; rating input score 48
- Program expense ratio: 24.9%; rating input score 25
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
- Governance controls: 1 of 9 controls in place; rating input score 11
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -37.5%; rating input score 7; 7th percentile among comparable filings
- Total-asset coverage ratio: 3.06; rating input score 69; 69th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 52%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: 7.2% per year; rating input score 100; 62nd percentile among comparable filings
- Revenue growth: 21.1% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 37.8% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 47.5% of revenue deployed · 24.9% of spending went to programs
- Governance: 0 of 3 board members independent · 1 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $44K in reported program spending
- Leadership: top reported pay $64K · 7 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 9 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 4 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 48/100.
- High — Accountability: Independent voting board scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 25/100.
- High — Accountability: Governance controls: 7 of 8 not reported.
- High — Sustainability: Operating margin scored 7/100.
- High — Sustainability: Officer compensation ratio scored 3/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 39/100.