Salem Jazz and Soul Festival Inc
Nonprofit profile at a glance
- EIN
- 262029408
- IRS 990-EZ coverage
- 2011–2024
- Forms available
- Form 990-EZ 2024
- Location
- South Hamilton, MA, USA
- Phone
- 9787401080
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Music
Reported finances
- Revenue
- $67,452
- Expenses
- $51,816
- Assets
- $33,576
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- LAWRENCE CLAFLIN JR (PRESIDENT)
- PATRICK SCHULTZ (FIRST VICE PRESIDENT)
- MATTHEW CARUSO (SECOND VICE PRESIDENT)
People named in this filing
- LAWRENCE CLAFLIN JR (PRESIDENT)
- MICHAEL CAGGIANO (TREASURER)
- PETRA SLINKARD (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
Educate the public about american jazz, by staging free concerts, activities, and an annual two day festival.
What it reported doing in 2024
Salem jazz and soul sponsors an annual jazz festival and concerts throughout the year to educate the public on jazz, while raising money for music educational programs on the north shore.
Operating model
- Revenue model
- Earned-program. 87% of the money available for current operations came from fees and other program revenue.
- 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 a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 64
- Transparency & Controls: 82
- Sustainability: 61
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 57.4%; rating input score 57
- Program expense ratio: 74.7%; rating input score 75
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 23.2%; rating input score 76; 76th percentile among comparable filings
- Total-asset coverage ratio: 0.65; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 45% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: 4.4% per year; rating input score 100; 69th percentile among comparable filings
- Asset growth: 5.8% per year; rating input score 100; 60th percentile among comparable filings
Details
- Where the money goes: 57.4% of revenue deployed · 74.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $39K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 11 filing years from 2011 to 2024
- Contacts: How to reach this organization
- 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 57/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.