Jazzarts Charlotte
Nonprofit profile at a glance
- EIN
- 271728470
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024, Form 990-EZ 2013, Form 990-N 2010
- Location
- Charlotte, NC, USA
- Phone
- 7043343900
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Music
Reported finances
- Revenue
- $1,197,108
- Expenses
- $1,205,561
- Assets
- $302,151
- Liabilities
- $121,738
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- Lonnie Davis (President and CEO)
Highest reported compensation
- Lonnie Davis (President and CEO): $96,000 total reported compensation
- Ronald Baldwin (CFO/COO): $12,400 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
JazzArts Charlotte's (JazzArts) mission is connecting the cultural community and developing an audience for jazz through quality education, performance and musician support. JazzArts' vision is to be a catalyst for cultural enrichment and music education that brings creative inspiration to the lives of the citizens of the Charlotte region.
What it reported doing in 2024
The JAZZ ROOM: JazzArts Charlotte is proud to present Charlotte's most popular monthly jazz concert series. The JAZZ ROOM, located in the heart of uptown Charlotte, provides a casual and intimate setting with tables and a full bar, reminiscent of the classic jazz rooms of yesteryear. Each month The JAZZ ROOM welcomes one of the most diverse audiences in the Queen City, presenting live jazz performances from the finest local, regional, and nationally renowned artists. From re-imagined early jazz tributes and classic swing to modern and contemporary soulful sounds, these creatively curated programs include something for every musical palate.
Operating model
- Revenue model
- Donor-supported. 64% 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
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 54
- Transparency & Controls: 92
- Accountability: 86
- Sustainability: 26
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 58.7%; rating input score 59
- Program expense ratio: 58.3%; rating input score 58
- Fundraising efficiency: $5.52 raised per $1 spent on fundraising; rating input score 20; 20th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.7%; rating input score 33; 33rd percentile among comparable filings
- Total-asset coverage ratio: 0.25; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: 0.4; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 9%; rating input score 40; 40th percentile among comparable filings
Growth
- Program expense growth: 13% per year; rating input score 100; 71st percentile among comparable filings
- Revenue growth: 16.3% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: 20.4% per year; rating input score 100; 82nd percentile among comparable filings
Details
- Where the money goes: 58.7% of revenue deployed · 58.3% of spending went to programs
- Governance: 16 of 16 board members independent · 6 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $703K in reported program spending
- Leadership: top reported pay $96K · 18 people listed
- Consistency: 45 of 45 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 59/100.
- Review — Financial Efficiency: Program expense ratio scored 58/100.
- High — Financial Efficiency: Fundraising efficiency scored 20/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 33/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- High — Sustainability: Liabilities to assets ratio scored 19/100.
- Moderate — Sustainability: Officer compensation ratio scored 40/100.