Third Coast International Audio Festival
- Assets
- $162.0k
- Revenue
- $253.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Chicago, IL
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 26-4611880
Organization Overview
Third Coast International Audio Festival is located in Chicago, IL. The organization was established in 2009. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Third Coast International Audio Festival employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Third Coast International Audio Festival is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Third Coast International Audio Festival generated $253.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $313.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CULTIVATE A GROWING INTERNATIONAL CULTURE OF LISTENING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1) BIENNIAL CONFERENCE - FOR ONE WEEKEND EACH FALL, THE THIRD COAST CONFERENCE TRANSFORMS CHICAGO INTO THE CENTER OF THE AUDIO UNIVERSE BRINGING A COMMUNITY OF OVER 800 AUDIO PRODUCERS, JOURNALISTS, REPORTERS & ARTISTS TOGETHER FROM AROUND THE WORLD FOR TWO AND HALF DAYS OF CURATED CONVERSATION ABOUT THE ART AND CRAFT OF AUDIO STORYTELLING. 2) ANNUAL COMPETITION - THE THIRD COAST / RICHARD H. DRIEHAUS FOUNDATION COMPETITION SEEKS THE BEST AUDIO STORIES PRODUCED WORLDWIDE. SINCE 2001, THE THIRD COAST / RICHARD H. DRIEHAUS FOUNDATION COMPETITION HAS CELEBRATED MORE THAN 200 EXTRAORDINARY STORIES FROM FOUR CONTINENTS AND HAS BESTOWED OVER $250,000 IN CASH PRIZES TO MANY OF THE MOST INNOVATIVE PRODUCERS OF THE PAST TWO DECADES. 3) RE: SOUND AND LIVE EVENTS - THIRD COAST'S RADIO SHOW, HOSTED BY GWEN MACSAI, IS A REMIX OF AUDIO GOODNESS FROM AROUND THE WORLD. THE RADIO SHOW AIRS WEEKLY ON WBEZ IN CHICAGO, AND CAN BE HEARD ON THE THIRD COAST PODCAST. THE ORGANIZATION ALSO HOLDS VARIOUS LIVE EVENTS THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maya Goldberg-Safir Co-Director | Officer | 40 | $64,777 |
Emily Kennedy Co-Director | Officer | 40 | $63,796 |
Shirley Alfaro Frmr Exec Dir | Officer | 40 | $30,208 |
Jason Gessner President | OfficerTrustee | 1 | $0 |
Mary Murphy Vice President | OfficerTrustee | 1 | $0 |
Michael Samson Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $127,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,259 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $183,559 |
| Total Program Service Revenue | $70,047 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $253,609 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $158,781 |
| Compensation of current officers, directors, key employees. | $15,879 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,319 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,846 |
| Payroll taxes | $14,830 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,147 |
| Advertising and promotion | $0 |
| Office expenses | $249 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,237 |
| Travel | $850 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,963 |
| Insurance | $4,907 |
| All other expenses | $2,064 |
| Total functional expenses | $313,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,941 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $17,550 |
| Accounts receivable, net | $188 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,410 |
| Net Land, buildings, and equipment | $3,882 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $161,971 |
| Accounts payable and accrued expenses | $28,764 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $54,750 |
| Other liabilities | $0 |
| Total liabilities | $83,514 |
| Net assets without donor restrictions | $13,407 |
| Net assets with donor restrictions | $65,050 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $161,971 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Third Coast International Audio Festival has recieved totaling $31,619.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $31,619 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tri-County Communications Cooperative Inc Strum, WI | $52,913,250 | $19,988,134 |
Radiant Life Ministries Marion, IL | $195,965,953 | $18,938,808 |
Santa Fe Communications Inc Milwaukee, WI | $17,891,778 | $16,474,876 |
Indiana Public Broadcasting Stations Inc Indianapolis, IN | $3,521,484 | $3,421,083 |
Scola Mc Clelland, IA | $4,272,203 | $340,778 |
City Bureau Nfp Chicago, IL | $2,720,494 | $2,390,104 |
Illinois Beef Association Inc Springfield, IL | $854,239 | $1,875,178 |
Kentucky Broadcasters Association Inc Frankfort, KY | $1,618,428 | $1,052,426 |
Beacon Media Inc Kansas City, MO | $242,062 | $860,712 |
Society Of Broadcast Engineers Indianapolis, IN | $1,729,949 | $1,301,351 |
Missouri Broadcasters Association Jefferson City, MO | $3,411,019 | $1,385,200 |
Graphic Communications International Union Carol Stream, IL | $1,053,478 | $1,025,532 |