Roots of Music INC
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Provides free year-round music, academics, and mentorship to New Orleans youth. For fiscal year 2024 it reported $1.7M in revenue, $1.5M in expenses, and $1.0M in net assets.Pt I
Summary of the Filing
Where the work happens
The program provides music education and ensemble performance in a year round After School and Saturday program 5 days per week. Participation in the Roots of Music program is free. Program hours are Monday through Thursday 4PM to 7PM and Saturday from 10PM-2PM.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Derrick Tabb’s $130K as Executive Director is at the 55th percentile of top reported officer pay among 3916 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Derrick Tabb | $130,000 | $75,000 | $62,458 | — | — |
| Suzanne Raether | — | — | — | $61,000 | $49,546 |
| Suzanne Raether | — | — | $12,500 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 62% | — | — |
| Overhead ratio | 14% | — | — |
| Fundraising cost ratio | 23% | — | — |
| Revenue growth | 55% | — | — |
| Accounting fee ratio | 2% | — | — |
| Fundraising fee ratio | 8% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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Sources
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