The Musary Jrp Inc
Nonprofit profile at a glance
- EIN
- 943474813
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Location
- Wenham, MA, USA
- Phone
- 9782657005
- Rating
- 37
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Music
Reported finances
- Revenue
- $26,303
- Expenses
- $42,783
- Assets
- $32,424
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- LAUREN JONES (PRESIDENT)
People named in this filing
- LAUREN JONES (PRESIDENT)
- THOMAS JONES (TREASURER)
- ANTHONY BORRELLI (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
The John Ryan Pike Memorial Project is organized exclusively for the charitable and educational purposes described below: The Musary, JRP Inc is organized to encourage and promote music andthe performing arts; to develop the talents and abilites of novice andprofessional musicians; to provide the general public with access tomusical instruments, audio equipment and instructors; to lend musicalinstruments and audio equipment at no charge; and to establish a placefor musicians to learn, share and collaborate with one another.In honor and memory of Hamilton resident and a founding member of therock band Ra Ra Riot, John Ryan Pike, The Musary was created. TheMusary is a non-profit organization that works to motivate, cultivateand inspire people, especially young people, in our community to getinvolved in music. Through a one-of-a-kind instrument borrowingprogram, the Musary provides our community the unique opportunity toexperience, learn, and create music like
What it reported doing in 2024
To encourage and promote music and performing arts; to develop the talents and abilities of novice and professional musicians and performers; to provide the public with access to musical instruments, audio equipment and instructors; to lend instruments and audio equipment to professional and novice musicans and performents; to establish a place for musicians to learn, share and collaborate with one another
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
REVIEW - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Sustainability: 31
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -62.7%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 0.76; rating input score 39; 39th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 9.6% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: 4.1% per year; rating input score 100; 55th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Sustainability: Operating margin scored 11/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.