Musical Arts Assn Music Hall End
Public records show a registered, tax-exempt organization in good standing.
What it says it does
NET INCOME ISSUED FROM THIS TRUST IS USED FOR THE UP-KEEP AND OPERATION OF THE MUSICAL ARTS ASSOCIATION MUSIC HALL and for the maintenance, operation, and/or support of a Symphony Orchestra and kindred activities at the Music Hall in accordance with the Trust Agreement, dated January 15, 1931. Keybank N.A. is Trustee. Under the Ohio Institutional Trust Funds Act of 1999, the bene ficiaries have chosen to receive the maximum of income based on the greater of 5% of AFV or traditional income. Keybank maintains a responsiveness to the needs and activities of the beneficiary organi zation in the attainment of its mission. The beneficiary organization has the right and authority to remove and or appoint the Trustee.
- Income
- $230,115
- Spending
- $268,245
- Spent on programs
- 98%
- Reserves
- 95.5 months of spending
- Largest source of income
- investment income, 100%
- Employees
- 0
- Highest pay
- $3,568, trustee
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 85 out of 100.
Reserves
35 of 35Spendable reserves would cover 95.5 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
0 of 15Spending exceeded income by 17% of income.
Income trend
15 of 15Income rose 38% on the year before.
Spending floor
15 of 1598% of spending went to programs.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Weak: 29 out of 100.
Independent board
0 of 250 of 1 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $263,427 spent. GRANT PAYMENTS ARE MADE TO THE MUSICAL ARTS ASSOCIATION TO BE USED FOR THE UP-KEEP, MAINTENANCE, OPERATION, AND/OR SUPPORT OF A SYMPHONY ORCHESTRA AND KINDRED ACTIVITIES AT THE MUSIC HALL.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since January 1980.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.