Nutley Music Boosters Associationinc
Nutley Music Boosters Associationinc shows strong program focus with no executive compensation, despite a recent operating deficit.
EIN: 203931464 · Nutley, NJ · NTEE: B11 · Updated: 2026-03-28
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 →
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.
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.
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
Is Nutley Music Boosters Associationinc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nutley Music Boosters Associationinc (EIN: 203931464) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Nutley Music Boosters Associationinc spend its money?
Nutley Music Boosters Associationinc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nutley Music Boosters Associationinc tax-deductible?
Nutley Music Boosters Associationinc is registered as a tax-exempt nonprofit (EIN: 203931464). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Nutley Music Boosters Associationinc a good charity?
Based on the available data, Nutley Music Boosters Associationinc appears to be a good charity. It demonstrates a strong commitment to its mission with 0% officer compensation, indicating that funds are primarily used for program delivery. While it experienced a deficit in 2023, its overall financial history shows growth and consistent activity.
How has the organization's revenue changed over time?
The organization's revenue has shown significant growth, increasing from $117,038 in 2015 to $348,509 in 2023, indicating expanding support and activities.
What is the organization's financial stability?
With assets of $60,855 and liabilities of $49,482 in 2023, the organization has a positive net asset balance, suggesting a stable but lean financial position. The 2023 operating deficit of $36,640 (Expenses $385,149 - Revenue $348,509) indicates it may have drawn on reserves or managed cash flow, but it's not an immediate red flag given the overall trend.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $349K | $385K | $61K | $49K | — | View 990 |
| 2022 | $293K | $275K | $97K | $49K | — | View 990 |
| 2021 | $162K | $176K | $57K | $27K | — | View 990 |
| 2020 | $118K | $106K | $56K | $12K | — | View 990 |
| 2019 | $251K | $252K | $46K | $14K | — | View 990 |
| 2018 | $180K | $170K | $47K | $14K | — | View 990 |
| 2017 | $252K | $278K | $39K | $16K | — | View 990 |
| 2016 | $131K | $118K | $61K | $12K | — | View 990 |
| 2015 | $117K | $110K | $45K | $9K | — | View 990 |
| 2014 | $188K | $190K | $36K | $6K | — | View 990 |
| 2013 | $126K | $128K | $47K | $15K | — | — |
| 2012 | $81K | $91K | $41K | $8K | — | View 990 |
| 2011 | $177K | $179K | $55K | $13K | — | View 990 |
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.
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.