EL SEGUNDO CONCERT BAND
Mission Statement
South Bay Music Association The El Segundo Concert Band has established a parent organization named the South Bay Music Association. The new umbrella organization reflects the ensemble’s membership and audience expansion throughout the South Bay and the diversity of programs that it operates and sponsors. The organization has grown significantly since its founding as a small community ensemble in 1999. In addition to its free public concerts, the organization is recognized as the leading instrumental music education provider in El Segundo, expanding or replacing program offerings of the El Segundo school district that were cut due to funding losses from the state. The El Segundo Concert Band is just one of many programs that will operate under the South Bay Music Association’s umbrella. Other existing ensembles and programs include: El Segundo Brass Segundo Saxes South Bay Wind Ensemble Elementary After-School Band Program Distinct Advantage Band Program South Bay Music Symposium Primary financial provider for the El Segundo High School Band The South Bay Music Association produces performance events and educational programs that engage, educate, inspire, and entertain both audiences and musicians through developing the art and craft of instrumental music. Since its founding in 1999, the South Bay Music Association's concerts have developed a reputation for engaging audiences with entertaining music experiences, and providing community musicians an ensemble to hone their skills via energizing performance opportunities. Through its educational programs, students have opportunities to engage and interact with professional musicians in supportive learning environments that encourage creativity and developing a personal relationship with music. As a California 501(c)(3) Corporation, the South Bay Music Association is funded primarily by charitable contributions from individuals and businesses in the community, as well as by occasional fundraising events.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
95.7% | 82.0% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.0% | 28.2% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
0.2 mo | 9.8 mo |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
93.5% | 79.8% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
11.8% | 8.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
44.9% | 8.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-38.7% | 1.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $163K | $227K | $3K | 95.7% | — |
| 2023 | $146K | $156K | $66K | 94.1% | — |
| 2022 | $140K | $131K | $76K | 89.8% | — |
| 2021 | $132K | $52K | N/A | — | 1 |
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