Wakefield Music Boosters Association In
Nonprofit profile at a glance
- EIN
- 043322106
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990-EZ 2024
- Location
- Wakefield, MA, USA
- Phone
- 6172466440
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $108,404
- Expenses
- $114,301
- Assets
- $221,063
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- JOANN KONI (PAST PRESIDENT)
People named in this filing
- JOANN KONI (PAST PRESIDENT)
- CHRISTINE MURRAY (TREASURER)
- TONI MCGEE (CLERK)
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
Wmb supplements the limited public school funding of wakefield's performing arts department. Wmb purchases new instruments, music for ensemble perform, band uniforms, new computers for recording music, pay for music festival registration fee, scholarship, music lessons, and more.
What it reported doing in 2024
The high school band participate in local marching band competition. This program provide students an opportunity to use their talent and expand it beyond the school/traditional presentations.
Operating model
- Revenue model
- Other-operating. 88% of the money available for current operations came from other operating revenue.
- 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 66
- Transparency & Controls: 82
- Sustainability: 49
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 67.3%; rating input score 67
- Program expense ratio: 63.1%; rating input score 63
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -5.4%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 1.93; rating input score 79; 79th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 26.2% per year; rating input score 100; 81st percentile among comparable filings
- Revenue growth: 32.7% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: -3.9% per year; rating input score 0; 18th percentile among comparable filings
Details
- Where the money goes: 67.3% of revenue deployed · 63.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $72K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- 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 21/100.
- High — Growth: Asset growth scored 0/100.