The Domenic A Izzi Jr Foundation For Young Aspiring Musicians

Nonprofit profile at a glance

EIN
456039690
IRS 990-EZ coverage
2013–2015
Forms available
Form 990-EZ 2015
Location
Smithfield, RI, USA
Phone
5085449830
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Music

Reported finances

Revenue
$50
Expenses
$21,600
Assets
$24,090

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

Leadership & pay

3 people listed

Executive titles in this filing

  • Domenic Izzi (President)

People named in this filing

  • Domenic Izzi (President)
  • Lois A Izzi (Director)
  • Loan Izzi-Natale (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 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Domnenic A Izzi Jr. Foundation was established to encourage young people to pursue music as a means to develop self esteem, creativity and self discipline. The organization is guided by a committment to bring change in the lives of children by providing financial assistance to purchase musical instruments of their own.

What it reported doing in 2015

To encourage young people to pursue music as a means to develop self esteem, creativity and self discipline by awarding musical instruments to selected applicants.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 96
  • Transparency & Controls: 82
  • Sustainability: 22
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 88.5%; rating input score 88

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -43,100%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 1.12; rating input score 51; 51st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: 88.5% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: -0.7% per year; rating input score 0; 51st percentile among comparable filings
  • Asset growth: -19.3% per year; rating input score 0; 14th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 88.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $19K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2013 to 2015
  • 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 — Sustainability: Operating margin scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 51/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.