Nutley Music Boosters Associationinc

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Nutley Music Boosters Associationinc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Nutley Music Boosters Associationinc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Nutley Music Boosters Associationinc in one place.

Is Nutley Music Boosters Associationinc Legit?

Some Concerns

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

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Nutley Music Boosters Associationinc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Nutley Music Boosters Associationinc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Nutley Music Boosters Associationinc

Nutley Music Boosters Associationinc (EIN: 203931464) is a nonprofit organization based in Nutley, NJ, classified under NTEE code B11. The organization reported total revenue of $349K and total assets of $61K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nutley Music Boosters Associationinc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Nutley Music Boosters Associationinc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.8%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: D

In 2023, Nutley Music Boosters Associationinc reported a deficit of $37K with expenses exceeding revenue, holds 1.9 months of operating reserves (limited), has a debt-to-asset ratio of 81.3% (high leverage).

Financial Trends

Over 13 years of filings (2011–2023), Nutley Music Boosters Associationinc's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.

IRS Tax-Exempt Classification

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 Nutley Music Boosters Associationinc 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: 7%
• programs: 90%
• fundraising: 3%

According to IRS 990 filings, Nutley Music Boosters Associationinc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $37K, with expenses exceeding revenue.
• Debt-to-asset ratio: 81.3%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient and directs more funds to its mission.

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 Nutley Music Boosters Associationinc's IRS 990 filings:

• Operating deficit in 2023 ($36,640), where expenses ($385,149) exceeded revenue ($348,509).

Strengths

The following positive indicators were identified for Nutley Music Boosters Associationinc:

• Zero officer compensation across all filings, indicating high efficiency and volunteer leadership.
• Consistent growth in revenue and expenses over the past decade, showing expanding operations and community engagement.
• Strong program focus, with an estimated 90% of spending directed towards its mission.
• Positive net assets ($11,373 in 2023), indicating financial solvency.

Frequently Asked Questions about Nutley Music Boosters Associationinc

Filing History

IRS 990 filing history for Nutley Music Boosters Associationinc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Nutley Music Boosters Associationinc's revenue has grown by 96.9%, moving from $177K to $349K. Total assets increased by 11.1% over the same period, from $55K to $61K. Total functional expenses rose by 114.9%, from $179K to $385K. In its most recent filing year (2023), Nutley Music Boosters Associationinc reported a deficit of $37K, with expenses exceeding revenue. The organization holds $49K in liabilities against $61K in assets (debt-to-asset ratio: 81.3%), resulting in net assets of $11K.

Year-by-Year Financial Summary

• 2023: Revenue of $349K, expenses of $385K, and assets of $61K (revenue +19.0% year-over-year).
• 2022: Revenue of $293K, expenses of $275K, and assets of $97K (revenue +81.1% year-over-year).
• 2021: Revenue of $162K, expenses of $176K, and assets of $57K (revenue +37.4% year-over-year).
• 2020: Revenue of $118K, expenses of $106K, and assets of $56K (revenue -53.1% year-over-year).
• 2019: Revenue of $251K, expenses of $252K, and assets of $46K (revenue +39.2% year-over-year).
• 2018: Revenue of $180K, expenses of $170K, and assets of $47K (revenue -28.4% year-over-year).
• 2017: Revenue of $252K, expenses of $278K, and assets of $39K (revenue +93.0% year-over-year).
• 2016: Revenue of $131K, expenses of $118K, and assets of $61K (revenue +11.5% year-over-year).
• 2015: Revenue of $117K, expenses of $110K, and assets of $45K (revenue -37.7% year-over-year).
• 2014: Revenue of $188K, expenses of $190K, and assets of $36K (revenue +48.6% year-over-year).
• 2013: Revenue of $126K, expenses of $128K, and assets of $47K (revenue +56.7% year-over-year).
• 2012: Revenue of $81K, expenses of $91K, and assets of $41K (revenue -54.4% year-over-year).
• 2011: Revenue of $177K, expenses of $179K, and assets of $55K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Nutley Music Boosters Associationinc:

Data Sources and Methodology

This transparency report for Nutley Music Boosters Associationinc 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.