Matrix Performing Arts EIN 47-1689398

Matrix Performing Arts

EIN  47-1689398 Public charity (501(c)(3)) New Phila, OH
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Size
$100K–1M
What they do
Educates young adults in marching percussion, fostering personal and artistic growth through music.
Leadership
Rob Ferguson · Ensemble Director
Money in and out
$251K revenue, $240K expenses
Bottom line
99% program efficiency

Educates young adults in marching percussion, fostering personal and artistic growth through music. For fiscal year 2024 it reported $251K in revenue, $240K in expenses, and $-19K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$251K
Pt VIII · Ln 12
Total expenses
$240K
Pt IX · Ln 25
Net assets
$-19K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $12K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs▼ -0.6% vs prior filing year
Operating runway
0.4mo
months of highly liquid reserves at operating expense rate▲ +33% vs prior filing year
Surplus margin
+5%
revenue over expenses, this year▲ +142% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$251K
FY2024▲ +19%
Expenses
$240K
FY2024▲ +2%
Total assets
$8K
FY2024▲ +20%
Total liabilities
$27K
FY2024▼ -28%
Total revenue
$251K
Pt VIII · Ln 12
Total expenses
$240K
Pt IX · Ln 25
Net assets
$-19K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$12K
Total assetsPt X · Ln 16$8K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

3 program services account for $236K of program spending, described in the organization's own filed words · FY2023.
01

World Performance Ensemble

Educated 40+ young adults in the marching percussion activity who practiced and performed on most weekends October 2023 - April 2024. This furthers our purpose of providing opportunities for personal and artistic growth through music education.

$142Kprogram expense
02

Open Performance Ensemble

Educated 25+ young adults in the marching percussion activity who practiced and performed on most weekends October 2023 - April 2024. This furthers our purpose of providing opportunities for personal and artistic growth through music education.

$68Kprogram expense
03

A Performance Ensemble

Educated 30+ young adults in the marching percussion activity who practiced during the week and performed on most weekends November 2023 - April 2024. This furthers our purpose of providing opportunities for personal and artistic growth through music education.

$27Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMatrix Performing Arts
EINHdr · item D47-1689398
Principal addressHdr · item CNew Phila, OH
WebsiteHdr · item Jwww.matrixperformingarts.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFMar 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Ensemble Director
$0Pt VII · Sec A
Director of Operations
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Rob Ferguson’s $8K as Ensemble Director is at the 7th percentile of top reported officer pay among 1616 $100K–1M education 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.

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Statement of Revenue

Part VIII
Contributions & grants$167K · 67%
Program service revenue$49K · 19%
Other revenue$35K · 14%
Contributions & grants67%$167K
Program service revenue19%$49K
Other revenue14%$35K
Total revenueLn 12$251K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$236K
Management & general1%$3K
Total functional expensesLn 25$240K

Balance Sheet

Part X · end of year
CashLn 1$8K
Total assetsLn 16$8K
Total liabilitiesLn 26$27K
Total net assetsLn 32$-19K
Months of cash on handcomputed0.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $8K · Operating expenses/yr $240K
0.4 months
Where the money goes
Program services
Program services $236K · Total expenses $240K
99%
Management & General
Management & general $3K · Total expenses $240K
1%
Fundraising
Fundraising $0 · Total expenses $240K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $163K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $167K · Total revenue $251K
67%
Government reliance
Government grants $0 · Total revenue $251K
0%
Earned-income share
Program service revenue $49K · Total revenue $251K
19%
Investment reliance
Investment income $0 · Total revenue $251K
0%
Program self-sufficiency
Program service revenue $49K · Total expenses $240K
20%
Growth & trend
Revenue growth (YoY)
This year $251K · Prior year $211K
+19%
Net-asset trend (YoY)
End of year $-19K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $251K · Expenses $240K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $8K
Net-asset ratio
Net assets $-19K · Total assets $8K
-237%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $8K
0%
People & payroll
Highest Reported Total Compensation
Individual Rob Ferguson · Reported title Ensemble Director · Highest reported compensation $0 · Total expenses $240K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $240K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 1%
Fundraising cost ratio 0%
Revenue growth 19%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.3%
Fundraising fee ratio 0%

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 · FY2023
Total grants receivedfrom 1 funder$365

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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
FY2024 (Latest)$251K revenue · viewing · ⤓ 990 PDF
FY2023$211K revenue · ⤓ 990 PDF
FY2022$190K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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