Jazz in June Inc
Nonprofit profile at a glance
- EIN
- 731375514
- IRS 990-EZ coverage
- 2009–2024
- Forms available
- Form 990-EZ 2024
- Location
- Norman, OK, USA
- Phone
- 4054137965
- Rating
- 96
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Performing Arts Organizations
Reported finances
- Revenue
- $181,447
- Expenses
- $175,310
- Assets
- $65,748
- Liabilities
- $396
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- NICK PAYNTER (PRESIDENT)
People named in this filing
- NICK PAYNTER (PRESIDENT)
- ALEISHA KARJALA (SECRETARY)
- NORMAN HAMMON (EXECUTIVE DI)
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
To produce a free, three day jazz festival, provide educational experiences for young people, and promote national, regional and local jazz and blues artists.
What it reported doing in 2024
Jazz programs: a three day outdoor jazz music festival, showcasing national, regional and local talent produced at various locations in the community. All venues are free and handicapped accessible. The audience of approximately 50,000 is an impressive mixture of demographics. In addition to the festival, a free jazz clinic is taught by the performers for students and a radio broadcast is produced.
Operating model
- Revenue model
- Donor-supported. 96% of the money available for current operations came from contributions and gifts.
- 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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 100
- Sustainability: 37
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.8%; rating input score 97
- Program expense ratio: 100%; rating input score 100
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: 3.4%; rating input score 44; 44th percentile among comparable filings
- Total-asset coverage ratio: 0.38; rating input score 30; 30th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 45; 45th percentile among comparable filings
- Officer compensation ratio: 17.1%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: 3.2% per year; rating input score 100; 41st percentile among comparable filings
- Revenue growth: 0.4% per year; rating input score 100; 23rd percentile among comparable filings
- Asset growth: 1.8% per year; rating input score 100; 33rd percentile among comparable filings
Details
- Where the money goes: 96.8% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $175K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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.
- Moderate — Sustainability: Operating margin scored 44/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
- High — Sustainability: Officer compensation ratio scored 17/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 45/100.