Ellis Marsalis Center For Music Inc
Ellis Marsalis Center For Music consistently reports 0% officer compensation amidst fluctuating revenues and increasing liabilities.
EIN: 204218706 · New Orleans, LA · NTEE: P28 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $2.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $9.7M |
| Transparency Score | 85/100 |
Is Ellis Marsalis Center For Music Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ellis Marsalis Center For Music Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ellis Marsalis Center For Music Inc
Ellis Marsalis Center For Music Inc (EIN: 204218706) is a nonprofit organization based in New Orleans, LA, classified under NTEE code P28. The organization reported total revenue of $1.6M and total assets of $9.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ellis Marsalis Center For Music Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ellis Marsalis Center For Music Inc is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 18.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-761,147 |
| Total Assets | $10.3M |
| Total Liabilities | $548K |
| Net Assets | $9.7M |
| Operating Margin | -44.7% |
| Debt-to-Asset Ratio | 5.3% |
| Months of Reserves | 50.0 months |
Financial Health Grade: B
In 2023, Ellis Marsalis Center For Music Inc reported a deficit of $761K with expenses exceeding revenue, holds 50.0 months of operating reserves (strong position), has a debt-to-asset ratio of 5.3% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Ellis Marsalis Center For Music Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -38.3% | +13.7% | -6.9% |
| 2022 | +78.7% | -2.8% | +5.1% |
| 2021 | -15.4% | +1.1% | -4.6% |
| 2020 | +47.8% | +0.3% | -0.6% |
| 2019 | -38.3% | -6.3% | -7.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ellis Marsalis Center For Music Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Ellis Marsalis Center For Music Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $761K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is an exceptional level of financial transparency and suggests a strong dedication to directing resources towards the organization's mission rather than executive salaries, especially for an organization with assets exceeding $10 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Ellis Marsalis Center For Music Inc's IRS 990 filings:
- Expenses consistently exceeding revenue in recent years (e.g., 2023 expenses $2.46M vs. revenue $1.70M)
- Gradual decline in total assets from a peak of $13.6M in 2016 to $10.2M in 2023
- Increasing trend in liabilities from $28,268 in 2019 to $548,250 in 2023
Strengths
The following positive indicators were identified for Ellis Marsalis Center For Music Inc:
- Consistent reporting of 0% officer compensation, indicating high transparency and mission focus.
- Strong asset base, with over $10 million in assets as of 2023.
- Stable expense levels over several years, suggesting predictable operational costs.
- Long filing history (14 filings) demonstrates consistent compliance and reporting.
Frequently Asked Questions about Ellis Marsalis Center For Music Inc
Is Ellis Marsalis Center For Music Inc a legitimate charity?
Ellis Marsalis Center For Music Inc (EIN: 204218706) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $1.6M. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Ellis Marsalis Center For Music Inc spend its money?
Ellis Marsalis Center For Music Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ellis Marsalis Center For Music Inc tax-deductible?
Ellis Marsalis Center For Music Inc is registered as a tax-exempt nonprofit (EIN: 204218706). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ellis Marsalis Center For Music Inc CEO make?
Ellis Marsalis Center For Music Inc's highest-compensated officer earns $10 annually. The organization reported $1.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ellis Marsalis Center For Music Inc's spending goes to programs?
Ellis Marsalis Center For Music Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ellis Marsalis Center For Music Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Ellis Marsalis Center For Music Inc is above average for NTEE category P28 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ellis Marsalis Center For Music Inc located?
Ellis Marsalis Center For Music Inc is headquartered in New Orleans, Louisiana and files with the IRS under EIN 204218706. It is classified under NTEE code P28.
How many years of IRS 990 filings does Ellis Marsalis Center For Music Inc have?
Ellis Marsalis Center For Music Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.6M in total revenue.
Is Ellis Marsalis Center For Music Inc. financially sustainable given recent expense trends?
In 2023, the organization's expenses ($2,462,654) significantly exceeded its revenue ($1,701,507). This trend, if continued, could impact long-term financial sustainability, despite strong asset levels.
What caused the substantial revenue spike in 2016?
The filing history shows a revenue of $12,248,883 in 2016, which is significantly higher than other years. Further investigation into the 2016 990 filing would be needed to understand the source of this exceptional income, such as a major grant or capital campaign.
Why have liabilities increased in recent years?
Liabilities have risen from $28,268 in 2019 to $548,250 in 2023. Understanding the nature of these liabilities (e.g., program-related debt, operational loans) is important for a complete financial picture.
Filing History
IRS 990 filing history for Ellis Marsalis Center For Music Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Ellis Marsalis Center For Music Inc's revenue has grown by 813.2%, moving from $186K to $1.7M. Total assets increased by 361.8% over the same period, from $2.2M to $10.3M. Total functional expenses rose by 1441.4%, from $160K to $2.5M. In its most recent filing year (2023), Ellis Marsalis Center For Music Inc reported a deficit of $761K, with expenses exceeding revenue. The organization holds $548K in liabilities against $10.3M in assets (debt-to-asset ratio: 5.3%), resulting in net assets of $9.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $2.5M | $10.3M | $548K | — | View 990 |
| 2022 | $2.8M | $2.2M | $11.0M | $553K | — | View 990 |
| 2021 | $1.5M | $2.2M | $10.5M | $550K | — | View 990 |
| 2020 | $1.8M | $2.2M | $11.0M | $399K | — | View 990 |
| 2019 | $1.2M | $2.2M | $11.1M | $28K | — | View 990 |
| 2018 | $2.0M | $2.3M | $11.9M | $30K | — | View 990 |
| 2017 | $833K | $2.2M | $12.4M | $48K | — | View 990 |
| 2016 | $12.2M | $2.2M | $13.6M | $16K | — | View 990 |
| 2015 | $1.7M | $1.7M | $3.5M | $24K | — | View 990 |
| 2014 | $1.9M | $1.7M | $3.7M | $86K | — | View 990 |
| 2013 | $1.3M | $1.4M | $3.5M | $14K | — | View 990 |
| 2012 | $792K | $1.2M | $3.7M | $163K | — | View 990 |
| 2011 | $2.1M | $476K | $3.8M | $4K | — | View 990 |
| 2010 | $186K | $160K | $2.2M | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $2.5M, and assets of $10.3M (revenue -38.3% year-over-year).
- 2022: Revenue of $2.8M, expenses of $2.2M, and assets of $11.0M (revenue +78.7% year-over-year).
- 2021: Revenue of $1.5M, expenses of $2.2M, and assets of $10.5M (revenue -15.4% year-over-year).
- 2020: Revenue of $1.8M, expenses of $2.2M, and assets of $11.0M (revenue +47.8% year-over-year).
- 2019: Revenue of $1.2M, expenses of $2.2M, and assets of $11.1M (revenue -38.3% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.3M, and assets of $11.9M (revenue +140.3% year-over-year).
- 2017: Revenue of $833K, expenses of $2.2M, and assets of $12.4M (revenue -93.2% year-over-year).
- 2016: Revenue of $12.2M, expenses of $2.2M, and assets of $13.6M (revenue +632.8% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.7M, and assets of $3.5M (revenue -10.7% year-over-year).
- 2014: Revenue of $1.9M, expenses of $1.7M, and assets of $3.7M (revenue +40.0% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.4M, and assets of $3.5M (revenue +68.9% year-over-year).
- 2012: Revenue of $792K, expenses of $1.2M, and assets of $3.7M (revenue -61.5% year-over-year).
- 2011: Revenue of $2.1M, expenses of $476K, and assets of $3.8M (revenue +1002.3% year-over-year).
- 2010: Revenue of $186K, expenses of $160K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ellis Marsalis Center For Music Inc:
Data Sources and Methodology
This transparency report for Ellis Marsalis Center For Music Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.