Groton Hill Music Inc
90% goes to programs $11 to raise $100 Strong reserves Declining revenue
Groton Hill Music Inc is a 501(c)(3) organization based in Groton, Massachusetts, registered in 1986, with $13,560,349 in FY2024 revenue. CharityIndex grades it A, and it directs about 90% of spending to programs.
122 Old Ayer Rd, Groton, MA, 01450 EIN 04-2867945 Since 1986
Revenue (FY2024)
$13.6M
▼ 56.1% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$13.8M
Net assets
$246.4M
Employees
178
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating90% to programs · $11 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Groton Hill Music Inc: 90% to programs · $11 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating214 mo reserves · -2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Groton Hill Music Inc: 214 mo reserves · -2% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Groton Hill Music Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Groton Hill Music Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To share the transformative power of music through teaching, performing & giving music.
What they do
The organization's performance program served over 48,000 people through performances by professional high caliber performing artists in many genres of music including classical, jazz, blue grass, country, and traditional music as well as performances by the orgnizations professional vista philharmonic orchestra led by conductor bruce hangen.
The organization's community engagement programs serve its community through free music school programs in under resourced public school districts and in boys and girls clubs, free professional concerts that serve its community which includes senior citizens, residents of assisted living facilities and families, and bedside singing by its threshold singers for those in hospice care or at the end of life.
Contact & location
- Address
- 122 Old Ayer Rd, Groton, MA, 01450
- City
- Groton
- State
- Massachusetts
- Category
- Arts, Culture & Humanities
- Subcategory
- Performing Arts
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $2.8M (FY2013) to $13.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.2MNet assets $246.4M
Operating margin
-2.0%
Spent more than it raised in the latest fiscal year.
Total assets
$248.6M
Total liabilities
$2.2M
Net assets
$246.4M
Salaries & benefits
$4.6M
33% of expenses
Board members
15
15 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $13,560,349▼56.1% | $13,834,592▲4.9% | $246,408,046▲1.4% | $248,631,838▲1.5% | 990 |
| 2023 | $30,884,240▲35.9% | $13,192,821▲7.6% | $243,032,555▲9.1% | $244,845,809▲9.3% | 990 |
| 2022 | $22,723,664▼44.8% | $12,261,812▲49.7% | $222,709,847▲6.0% | $224,041,401▲6.3% | 990 |
| 2021 | $41,196,688▼33.5% | $8,190,467▲49.2% | $210,089,598▲15.9% | $210,830,113▲13.9% | 990 |
| 2020 | $61,904,515▲59.5% | $5,490,406▲31.4% | $181,293,762▲46.0% | $185,132,267▲44.8% | 990 |
| 2019 | $38,815,944▼5.9% | $4,177,753▲0.4% | $124,158,139▲38.4% | $127,880,238▲41.5% | 990 |
| 2018 | $41,231,811▲64.2% | $4,161,542▼0.1% | $89,689,324▲70.8% | $90,365,636▲69.9% | 990 |
| 2017 | $25,112,882▲88.4% | $4,164,353▲16.2% | $52,504,038▲66.5% | $53,194,578▲64.2% | 990 |
| 2016 | $13,327,674▼33.7% | $3,582,913▼5.4% | $31,528,324▲44.6% | $32,403,671▲41.7% | 990 |
| 2015 | $20,116,805▲414% | $3,786,305▲25.1% | $21,800,382▲296% | $22,867,032▲247% | 990 |
| 2014 | $3,917,087▲38.1% | $3,027,064▲10.2% | $5,500,132▲6.5% | $6,583,125▲12.7% | 990 |
| 2013 | $2,835,764 | $2,746,671▼2.4% | $5,166,560▲7.0% | $5,840,504▲6.6% | 990 |
| 2012 | — | $2,814,965▲12.2% | $4,828,206▲3.1% | $5,477,263▲3.0% | 990 |
| 2011 | — | $2,508,836▲11.9% | $4,683,493▲28.5% | $5,319,374▲10.7% | 990 |
| 2010 | — | $2,242,334 | $3,645,686▲10.1% | $4,803,193▲10.9% | 990 |
| 2009 | — | $2,243,261 | $3,310,675 | $4,331,983 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Lisa Fiorentino — $232,141 (1.68% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Lisa Fiorentino | Chief Executive Officer | 40 | $232,141 |
| Peter Robbins | Dir of Education & Perform | 40 | $148,000 |
| Catherine Coleman | Director of Development | 40 | $146,300 |
| Matthew Malikowski | Director of Operations | 40 | $141,381 |
| Jane Boatright | Director of Finance | 40 | $116,698 |
| David Leary | Director of Marketing | 40 | $100,015 |
| Cathy-ann Alexander | Board Member | 1 | — |
| Dave Riggert | Board Member | 1 | — |
| David Moulton | Honorary Board Member | 1 | — |
| Jane Puffer | Board Member | 1 | — |
| Kirsta Davey | Board Member | 0 | — |
| Melissa Maranda | Board Member | 1 | — |
| Michael Coutu | Board Member | 1 | — |
| Miriam Smith | Vice-chair | 1 | — |
| Pam Lynn | Board Member | 1 | — |
| Peter Bentinck-smith | Board Member | 1 | — |
| Phil Francisco | Clerk | 1 | — |
| Ralph Brown | Honorary Board Member | 1 | — |
| Robert Anderson | Honorary Board Member | 1 | — |
| Samuel Morrow | Treasurer | 1 | — |
Top vendors & contractors (FY2021)
| Contractor | Services | Paid |
|---|---|---|
| Gary Shepherd | Project Management | $120,000 |
Grants received · $149.6M total
37 grants to Groton Hill Music Inc totaling $149.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2024 | $400,000 |
| American Online Giving Foundation Inc | General support | 2024 | $8,185 |
| American Endowment Foundation | Arts, culture | 2024 | $5,250 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $21,586,904 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2023 | $200,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $42,000 |
| American Online Giving Foundation Inc | General support | 2023 | $6,458 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2023 | $6,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $5,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $14,390,575 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2022 | $500,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $51,500 |
| Donor Advised Charitable Giving | Arts, culture & humanities | 2022 | $29,200 |
| American Online Giving Foundation Inc | General support | 2022 | $22,547 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $6,949,908 |
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Compare Groton Hill Music Inc
Frequently asked questions
- Is Groton Hill Music Inc a legitimate nonprofit?
- Yes. Groton Hill Music Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2867945, based in Groton, Massachusetts. Donations are tax-deductible.
- What is Groton Hill Music Inc's EIN?
- Groton Hill Music Inc's Employer Identification Number (EIN) is 04-2867945.
- How much revenue does Groton Hill Music Inc report?
- Groton Hill Music Inc reported $13,560,349 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Groton Hill Music Inc's spending goes to programs?
- Groton Hill Music Inc spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Groton Hill Music Inc have?
- CharityIndex grades Groton Hill Music Inc A, based on program efficiency and fundraising cost.
- How much does Groton Hill Music Inc's highest-paid employee make?
- The highest reported compensation on Groton Hill Music Inc's latest Form 990 is $232,141, paid to Lisa Fiorentino (Chief Executive Officer).
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Data for Groton Hill Music Inc (EIN 04-2867945) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.