The Strathmore Hall Foundation Inc

Nonprofit profile at a glance

EIN
521233092
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
North Bethesda, MD, USA
Phone
3015815181
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Performing Arts Centers

Official website

Reported finances

Revenue
$14,099,167
Expenses
$15,533,057
Assets
$25,321,853
Liabilities
$3,905,905

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

35 people listed

Executive titles in this filing

  • MONICA JEFFRIES HAZANGELES (PRESIDENT AND CEO)

Highest reported compensation

  • MONICA JEFFRIES HAZANGELES (PRESIDENT AND CEO): $356,813 total reported compensation
  • BESS AMERMAN (CHIEF FINANCIAL OFFICER): $184,873 total reported compensation
  • DREW MARTORELLA (VP OF OPERATIONS): $182,577 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We amplify distinctive artistic voices and curate experiences to enrich every life and shape stronger communities.

What it reported doing in 2024

Performing arts: strathmore continues to maintain and operate a world class, 1,976 seat performing arts and education center, for the comfort and enjoyment of nearly 250,000 visitors year-round. It is dedicated to inspiring children to explore their creative potential and committed to reaching and serving our community's audiences through the presentation of more than 395 concerts, workshops, classes, and festivals each year. Key artistic offerings for fy25 included a significant focus on international touring artists. Strathmore was pleased to host afro cuban allstars (cuba/us), sona jobarteh (gambia), hamid rahmanian's song of the north (persia), youssou n'dour (senegal) django reinhardt festival all stars (france), naghash (armenia), chucho valdes (cuba), nils frahm (germany), mariza (portugal) and yamato (japan). The series also continued to support rising leaders in the jazz genre particularly those working in the large ensemble format including grammy winning arturo o'farrill's afro latin jazz orchestra in collaboration with brazilian icon hamilton de holanda. Grammy nominated miho hazama was also featured - blending a large format jazz ensemble with string musicians including students from Maryland classic youth orchestras as guests on two selections. A centerpiece of strathmore's season was an outdoor video and audio installation celebrating individuals who are championing awareness of the natural world and environmental resources. Craig walsh's monuments project featured large-scale nighttime projected images on strathmore's campus trees, complemented by related custom audio stories on strathmore's web site to be enjoyed before, during or after the visit. Strathmore's mansion continues to provide a platform for rising musicians of all genres. The intimate music room hosts two dozen concerts annually featuring classical, crossover, jazz, international, roots and americana music styles.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 99% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 87
  • Accountability: 100
  • Sustainability: 31
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.5%; rating input score 93
  • Program expense ratio: 80.4%; rating input score 80
  • Fundraising efficiency: $3.79 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd 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; 66th percentile among comparable filings
  • Governance controls: 9 of 9 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: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -10.2%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 1.63; rating input score 54; 54th percentile among comparable filings
  • Liabilities to assets ratio: 0.15; rating input score 65; 65th percentile among comparable filings
  • Officer compensation ratio: 9.8%; rating input score 21; 21st percentile among comparable filings

Growth

  • Program expense growth: 4.1% per year; rating input score 100; 34th percentile among comparable filings
  • Revenue growth: 4.2% per year; rating input score 100; 37th percentile among comparable filings
  • Asset growth: 5.8% per year; rating input score 100; 41st percentile among comparable filings

Details

  • Where the money goes: 93.5% of revenue deployed · 80.4% of spending went to programs
  • Governance: 25 of 25 board members independent · 9 of 9 filing controls reported
  • Programs: 5 filed program accomplishments · $12.5M in reported program spending
  • Leadership: top reported pay $357K · 35 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.6M reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 15/100.
  • High — Sustainability: Operating margin scored 10/100.
  • Review — Sustainability: Total-asset coverage ratio scored 54/100.
  • High — Sustainability: Officer compensation ratio scored 21/100.