Whetstone Music Boosters
Nonprofit profile at a glance
- EIN
- 311556166
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2020
- Location
- Columbus, OH, USA
- Phone
- 6143971706
- Rating
- 49
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Student Services, Organizations of Students
Reported finances
- Revenue
- $68,703
- Expenses
- $30,855
- Assets
- $66,638
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Brad Phillips (President)
- Colleen Rogers (Vice President)
People named in this filing
- Brad Phillips (President)
- Jeff Sharp (Treasurer)
- Heather Webb (Secretary)
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 music booster association throughout the year had fundraisers from the school body and the local community who are supportive of the Whetstone Music Booster Associations efforts. The music program hold performances to showcase the student's talent to the community. The Whetstone Music Booster Association is successful in meeting the the goals because the high school budget does not cover the cost of music program. The boosters have covered the difference for the school so there have never been cuts to the music program or ever turned away a student due to lack of school district funding.
What it reported doing in 2024
Repair & purchase additional band uniforms for students this year
Operating model
- Revenue model
- Other-operating. 88% of the money available for current operations came from other operating revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 77% for direct work, and 23% for grants.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. 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: 24
- Transparency & Controls: 82
- Sustainability: 70
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 16.9%; rating input score 17
- Program expense ratio: 35.8%; rating input score 36
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 55.1%; rating input score 92; 92nd percentile among comparable filings
- Total-asset coverage ratio: 2.16; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -16% per year; rating input score 0; 21st percentile among comparable filings
- Revenue growth: -8.2% per year; rating input score 0; 27th percentile among comparable filings
- Asset growth: 19.7% per year; rating input score 100; 86th percentile among comparable filings
Details
- Where the money goes: 16.9% of revenue deployed · 35.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $11K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2022 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 — Financial Efficiency: Mission deployment rate scored 17/100.
- Moderate — Financial Efficiency: Program expense ratio scored 36/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.