Community String Project INC EIN 27-0676956

Community String Project INC

EIN  27-0676956 Public charity (501(c)(3)) Bristol, RI
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Offers affordable string instrument lessons to students.
Leadership
Megan Stradtman · President
Money in and out
$191K revenue, $188K expenses
Bottom line
90% program efficiency

Offers affordable string instrument lessons to students. For fiscal year 2025 it reported $191K in revenue, $188K in expenses, and $140K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$191K
Pt VIII · Ln 12
Total expenses
$188K
Pt IX · Ln 25
Net assets
$140K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10
Program efficiency
90%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
9.6mo
months of highly liquid reserves at operating expense rate▲ +14% vs prior filing year
Surplus margin
+1%
revenue over expenses, this year▲ +104% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$191K
FY2025▲ +22%
Expenses
$188K
FY2025▼ -12%
Total assets
$151K
FY20250%
Total liabilities
$11K
FY2025▼ -37%
Total revenue
$191K
Pt VIII · Ln 12
Total expenses
$188K
Pt IX · Ln 25
Net assets
$140K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3K
Total assetsPt X · Ln 16$151K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

1 program service account for $169K of program spending, described in the organization's own filed words · FY2024.
01

The organization offers after-school lessons to elementary students (grades 3-5), a youth orchestra program for middle school students (grades 6-8), chamber music ensembles for high school students (grades 9-12) and evening beginner and ensemble lessons for adults. Currently, 35% of students receive lessons free of charge.

$169Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCommunity String Project INC
EINHdr · item D27-0676956
Principal addressHdr · item CBristol, RI
WebsiteHdr · item Jwww.communitystringproject.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MRI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A68)
Ruling yearIRS BMFApr 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$80K · 42%
Contributions & grants$64K · 33%
Other revenue$43K · 23%
Investment income$4K · 2%
Program service revenue42%$80K
Contributions & grants33%$64K
Other revenue23%$43K
Investment income2%$4K
Total revenueLn 12$191K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10
Program services90%$169K
Management & general10%$20K
Total functional expensesLn 25$188K

Balance Sheet

Part X · end of year
CashLn 1$141K
Total assetsLn 16$151K
Total liabilitiesLn 26$11K
Total net assetsLn 32$140K
Months of cash on handcomputed9.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $141K · Operating expenses (Pt IX) $188K · Less non-cash grants $12K · Cash operating expenses/yr $176K
9.6 months
Where the money goes
Program services
Program services $169K · Total expenses $188K
90%
Management & General
Management & general $20K · Total expenses $188K
10%
Fundraising
Fundraising $0 · Total expenses $188K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $60K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $64K · Total revenue $191K
33%
Government reliance
Government grants — · Total revenue $191K
Earned-income share
Program service revenue $80K · Total revenue $191K
42%
Investment reliance
Investment income $4K · Total revenue $191K
+2%
Program self-sufficiency
Program service revenue $80K · Total expenses $188K
42%
Growth & trend
Revenue growth (YoY)
This year $191K · Prior year $157K
+22%
Revenue CAGR
FY2020 $198K · FY2024 $191K
-1%
Net-asset trend (YoY)
End of year $140K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $191K · Expenses $188K
+1%
Liabilities-to-Assets
Total liabilities — · Total assets $151K
Net-asset ratio
Net assets $140K · Total assets $151K
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $151K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Megan Stradtman · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $188K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $71K · Total expenses $188K
38%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Fundraising cost ratio 0%
Revenue growth 22%
Accounting fee ratio 1%

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.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$2K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$191K revenue · viewing · ⤓ 990 PDF
FY2024$157K revenue · ⤓ 990 PDF
FY2023$211K revenue · ⤓ 990 PDF
FY2022$191K revenue · ⤓ 990 PDF
FY2021$198K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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