Keynotes Band Booster Association For Cloverhill High School Band
Keynotes Band Booster Association shows healthy revenue-to-expense ratio but significant asset decline.
EIN: 20673538 · Midlothian, VA · NTEE: P50 · Updated: 2026-03-28
Is Keynotes Band Booster Association For Cloverhill High School Band Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Keynotes Band Booster Association For Cloverhill High School Band directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Keynotes Band Booster Association For Cloverhill High School Band
Keynotes Band Booster Association For Cloverhill High School Band (EIN: 20673538) is a nonprofit organization based in Midlothian, VA, classified under NTEE code P50. The organization reported total revenue of $202K and total assets of $11K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Keynotes Band Booster Association For Cloverhill High School Band's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Keynotes Band Booster Association For Cloverhill High School Band is a small nonprofit that has been operating for 22 years.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $94K |
| Total Expenses | $68K |
| Surplus / Deficit | +$26K |
| Total Assets | $51K |
| Net Assets | $51K |
| Operating Margin | 27.8% |
| Months of Reserves | 9.0 months |
Financial Health Grade: A
In 2022, Keynotes Band Booster Association For Cloverhill High School Band reported a surplus of $26K with revenue exceeding expenses, holds 9.0 months of operating reserves (strong position).
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Keynotes Band Booster Association For Cloverhill High School Band with a Mission Score of 75 out of 100 (Good). 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, Keynotes Band Booster Association For Cloverhill High School Band 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $26K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reported 0% officer compensation in its 202206 filing, indicating that leadership is volunteer-based and funds are directly allocated to the band's support, which is commendable for an organization of its size.
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 Keynotes Band Booster Association For Cloverhill High School Band's IRS 990 filings:
- Significant unexplained asset decline from $50,503 (202206) to $11,491 (latest)
- Limited financial filing history (only 1 filing provided) hinders trend analysis
Strengths
The following positive indicators were identified for Keynotes Band Booster Association For Cloverhill High School Band:
- Healthy revenue ($93,760) exceeding expenses ($67,682) in 202206 filing
- 0% officer compensation, indicating volunteer leadership and direct program focus
- Clear mission aligned with NTEE code P50 (Youth Development Programs)
- Strong program focus based on the nature of a band booster association
Frequently Asked Questions about Keynotes Band Booster Association For Cloverhill High School Band
Is Keynotes Band Booster Association For Cloverhill High School Band a legitimate charity?
Based on AI analysis of IRS 990 filings, Keynotes Band Booster Association For Cloverhill High School Band (EIN: 20673538) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Keynotes Band Booster Association For Cloverhill High School Band spend its money?
Keynotes Band Booster Association For Cloverhill High School Band directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Keynotes Band Booster Association For Cloverhill High School Band tax-deductible?
Keynotes Band Booster Association For Cloverhill High School Band is registered as a tax-exempt nonprofit (EIN: 20673538). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant decrease in assets from $50,503 in 202206 to the current $11,491?
The provided data does not specify the reason for this asset reduction. It could be due to significant program expenditures, investments, or other financial activities not detailed in the summary.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided IRS 990 summary data does not include a detailed breakdown of these expense categories, making it difficult to precisely assess spending efficiency beyond total expenses.
How does the organization plan to sustain its operations given its relatively small asset base?
With current assets of $11,491 and annual revenue of $201,697, the organization appears to operate on a relatively lean asset base, relying on consistent annual fundraising and revenue generation to cover expenses.
Filing History
IRS 990 filing history for Keynotes Band Booster Association For Cloverhill High School Band showing financial trends over 1 year of public records:
In its most recent filing year (2022), Keynotes Band Booster Association For Cloverhill High School Band reported a surplus of $26K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $94K | $68K | $51K | $0 | — | View 990 |
Data Sources and Methodology
This transparency report for Keynotes Band Booster Association For Cloverhill High School Band 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.