Mountain West String Academy EIN 87-0659352 Form 990 (PDF) Claim this org

Mountain West String Academy FY2022 filing

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Teaches string instruments to elementary students in Cache County and Logan schools. For fiscal year 2022 it reported $357K in revenue, $272K in expenses.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Mendon, UT
Website
www.mountainweststrings.com
Filings
5 on file (2021–2022)
Revenue
$357KFY2022
Expenses
$272K
Net assets
$0
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  87-0659352 Public charity (501(c)(3)) Mendon, UT
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Teaches string instruments to elementary students in Cache County and Logan schools.
Leadership
Laura L Morgan · Director · $43K
Money in and out
$357K revenue, $272K expenses
Bottom line
7% program efficiency
Where the money goes · FY2022
Total revenue
$357K
Pt VIII · Ln 12
Total expenses
$272K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $84K
Where spending went · Part IX cols B–D
Program services $0.15 Management & general $0.93 Fundraising $0.00
Program efficiency
7%
of spending reaches programs
Operating runway
11.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+24%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$357K
FY2022▲ +22%
Expenses
$272K
FY2022▲ +8%
Total assets
$436K
FY2022▲ +23%
Total liabilities
$436K
FY2022▲ ×43
Total revenue
$357K
Pt VIII · Ln 12
Total expenses
$272K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$84K
Total assetsPt X · Ln 16$436K
Program-expense ratioPt IX · col B15%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMountain West String Academy
EINHdr · item D87-0659352
Principal addressHdr · item CMendon, UT
WebsiteHdr · item Jwww.mountainweststrings.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MUT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A69)
Ruling yearIRS BMFNov 2006

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 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$43,075Pt VII · Sec A
Assistant Director
$8,466Pt VII · Sec A
Assistant Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Laura L Morgan’s $56K as Executive Dir. is at the 50th percentile of top reported officer pay among 2213 $100K–1M 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 · 6 named individuals · Part VII

NameFY2025FY2022
Laura L Morgan$55,503
Laura L Morgan$43,075
Trista Funk$27,805
Trista Funk$8,466
Brittany Florence$6,035
Sara Anderson$3,957

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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Mission & Programs · Part III

Where the work happens

2 program services account for $588K of program spending, described in the organization's own filed words · FY2021.
01

String instrument instruction for 450 4th-6th grade students.

$294Kprogram expense
02

String instrument instruction for 450 4th-6th grade students.

$294Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$329K · 92%
Program service revenue$26K · 7%
Contributions & grants92%$329K
Program service revenue7%$26K
Investment income$28
Other revenue$1K
Total revenueLn 12$357K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.15 Management & general $0.93 Fundraising $0.00
Program services15%$40K
Management & general93%$253K
Fundraising$600
Total functional expensesLn 25$272K

Balance Sheet

Part X · end of year
CashLn 1$259K
Total assetsLn 16$436K
Total liabilitiesLn 26$436K
Total net assetsLn 32$0
Months of cash on handcomputed11.4

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $259K · Operating expenses/yr $272K
11.4 months
Where the money goes
Program services
Program services $20K · Total expenses $272K
7%
Management & General
Management & general $253K · Total expenses $272K
93%
Fundraising
Fundraising $0 · Total expenses $272K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $293K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $329K · Total revenue $357K
92%
Government reliance
Government grants — · Total revenue $357K
Earned-income share
Program service revenue $26K · Total revenue $357K
7%
Investment reliance
Investment income $28 · Total revenue $357K
<0.01%
Program self-sufficiency
Program service revenue $26K · Total expenses $272K
10%
Growth & trend
Revenue growth (YoY)
This year $357K · Prior year $291K
+22%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $357K · Expenses $272K
+24%
Liabilities-to-Assets
Total liabilities — · Total assets $436K
Net-asset ratio
Net assets $0 · Total assets $436K
0%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $436K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Laura L Morgan · Reported title DIRECTOR · Highest reported compensation $43K · Total expenses $272K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $253K · Total expenses $272K
93%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 15%
Overhead ratio 93%
Fundraising cost ratio 0.2%
Revenue growth 22%

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 · FY2024
Total grants receivedfrom 2 funders$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)$346K revenue · ⤓ 990 PDF
FY2024$327K revenue · ⤓ 990 PDF
FY2023$232K revenue · ⤓ 990 PDF
FY2022$357K revenue · viewing · ⤓ 990 PDF
FY2021$291K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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