Bragg Jam Inc

Nonprofit profile at a glance

EIN
113749741
IRS 990-EZ coverage
2010–2024
Forms available
Form 990 2020, Form 990-EZ 2024
Location
Macon, GA, USA
Phone
4789728013
Rating
97
Verdict
STRONG
Rating confidence
Moderate
Sector
Cultural, Ethnic Awareness

Official website

Reported finances

Revenue
$108,775
Expenses
$115,864
Assets
$192,515
Liabilities
$205

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • OLIVIA WALTER (PRESIDENT)

People named in this filing

  • OLIVIA WALTER (PRESIDENT)
  • KAITLYNN KRESSIN (VICE PRESIDE)
  • KAYLEE PRUETT (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization's purpose is to bring macon residents together to celebrate and learn about musical and art heritage.

What it reported doing in 2024

Bragg jam, inc. Produces several middle Georgia community events, including the annual concert crawl and bragg fam (kid friendly event with activities and music) with the purpose of funding free live music events for middle Georgia throughout the year in the second sunday concert series which runs six months out of the year. With over 6,000 people in our audience, bragg jam strives to bring the best community and entertainment events to middle Georgia, while supporting local causes, music, arts, and entertainment. Our sponsors and supporters enable us to keep costs for these events free or low, allowing diverse segments of our population, as well as visitors from out of town, to participate and enjoy everything we work so hard to create.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 100
  • Sustainability: 45
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 96.6%; rating input score 97

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -6.5%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 1.66; rating input score 75; 75th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 51; 51st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 1.2% per year; rating input score 100; 34th percentile among comparable filings
  • Revenue growth: 10.7% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 12.3% per year; rating input score 100; 67th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 96.6% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $112K in reported program spending
  • Leadership: top reported pay $0 · 17 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 7 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 20/100.
  • Review — Sustainability: Liabilities to assets ratio scored 51/100.