Musical Masterworks Inc C/O Jem

Is Musical Masterworks Inc C/O Jem Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Musical Masterworks Inc C/O Jem directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Musical Masterworks Inc C/O Jem

Musical Masterworks Inc C/O Jem (EIN: 222340604) is a nonprofit organization based in Old Lyme, CT, classified under NTEE code Z99. The organization reported total revenue of $1.9M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Musical Masterworks Inc C/O Jem's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Musical Masterworks Inc C/O Jem 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: 20%
• programs: 70%
• fundraising: 10%

According to IRS 990 filings, Musical Masterworks Inc C/O Jem allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation cannot be assessed from the provided data as specific figures for individual salaries are not included in the summary financial information.

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 Musical Masterworks Inc C/O Jem's IRS 990 filings:

• Revenue has been highly inconsistent, with a significant drop from $679,945 in 2023 to $394,394 in 2024, raising questions about funding stability.
• The 'l' (lobbying) figure is consistently reported as 0, which may indicate either no lobbying activity or a lack of detailed reporting if such activities occur.

Strengths

The following positive indicators were identified for Musical Masterworks Inc C/O Jem:

• The organization has demonstrated consistent asset growth, increasing from $1,196,008 in 2017 to $2,367,891 in 2024, indicating good financial management and accumulation of resources.
• Expenses have remained relatively stable over several years, suggesting efficient operational management despite revenue fluctuations.
• The organization has maintained a positive net asset position throughout the reported period.

Frequently Asked Questions about Musical Masterworks Inc C/O Jem

Filing History

IRS 990 filing history for Musical Masterworks Inc C/O Jem showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Musical Masterworks Inc C/O Jem's revenue has grown by 69.6%, moving from $233K to $394K. Total assets increased by 281% over the same period, from $622K to $2.4M. Total functional expenses rose by 118.4%, from $180K to $393K. In its most recent filing year (2024), Musical Masterworks Inc C/O Jem reported a surplus of $1K, with revenue exceeding expenses. The organization holds $72K in liabilities against $2.4M in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $2.3M.

Year-by-Year Financial Summary

• 2024: Revenue of $394K, expenses of $393K, and assets of $2.4M (revenue -42.0% year-over-year).
• 2023: Revenue of $680K, expenses of $318K, and assets of $2.1M (revenue +107.0% year-over-year).
• 2022: Revenue of $328K, expenses of $263K, and assets of $1.6M (revenue -2.2% year-over-year).
• 2021: Revenue of $336K, expenses of $238K, and assets of $1.7M (revenue +0.5% year-over-year).
• 2020: Revenue of $334K, expenses of $263K, and assets of $1.4M (revenue +5.5% year-over-year).
• 2019: Revenue of $317K, expenses of $262K, and assets of $1.3M (revenue +1.5% year-over-year).
• 2018: Revenue of $312K, expenses of $263K, and assets of $1.2M (revenue +15.6% year-over-year).
• 2017: Revenue of $270K, expenses of $222K, and assets of $1.2M (revenue -18.3% year-over-year).
• 2016: Revenue of $331K, expenses of $246K, and assets of $1.1M (revenue -11.5% year-over-year).
• 2015: Revenue of $374K, expenses of $223K, and assets of $1.0M (revenue +20.1% year-over-year).
• 2014: Revenue of $311K, expenses of $197K, and assets of $815K (revenue +18.4% year-over-year).
• 2013: Revenue of $263K, expenses of $185K, and assets of $700K (revenue +13.0% year-over-year).
• 2012: Revenue of $233K, expenses of $180K, and assets of $622K.

Data Sources and Methodology

This transparency report for Musical Masterworks Inc C/O Jem 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.