Friends Of John Coltrane
- Assets
- $220.1k
- Revenue
- $314.0k
- Investments
- $0.0
- Employees
- 0
- Location
- High Point, NC
- Founding
- 07/2010
- Data as of
- 06/2021
- EIN
- 27-2375364
Organization Overview
Friends Of John Coltrane is located in High Point, NC. The organization was established in 2010. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of John Coltrane 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 06/2021, Friends Of John Coltrane generated $314.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $69.4k during the year ending 06/2021. 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 PRESERVE THE HISTORY OF JOHN COLTRANE IN THE CITY OF HIGH POINT, NC AND TO PROMOTE AND EDUCATE THE JAZZ & BLUES GENRES OF MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERNATIONAL JAZZ & BLUES FESTIVAL SCHEDULED FOR SEPT 5TH AND 6TH OF 2020 WAS POSTPONED TO SEPT 4TH AND 5TH OF 2021 DUE TO COVID-19 PANDEMIC. MINOR EXPENSES INCURRED TO KEEP SOCIAL MEDIA PRESENCE AND WEBSITE UPDATED. EARLY TICKET SALES AND EXPENSES RELATED TO FESTIVAL PREPARATION REPORTED IN CURRENT FISCAL YEAR.
IN ADDITION TO THE FESTIVAL, AVAILABLE FUNDS ARE ALLOCATED TO AWARD DESERVING MUSIC STUDENTS WITH MUSICAL INSTRUMENTS. THE WINNERS ARE SELECTED FROM ESSAYS SUBMITTED AS TO WHAT MUSIC MEANS TO THEM AND WHY IT IS IMPORTANT TO THEIR LIFE. FUNDS WERE RAISED TO HAVE THE STUDENT INSTRUMENT CONTEST AND THE STUDENTS WERE RECOGNIZED IN A VIRTUAL CONCERT HELD IN NOVEMBER 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Davis Co-Chair | OfficerTrustee | 5 | $0 |
Patrick Harman Treasurer | OfficerTrustee | 5 | $0 |
Danny Rogers Secretary | OfficerTrustee | 5 | $0 |
Bernita Sims Co-Chair | OfficerTrustee | 5 | $0 |
Joe Williams Director | Trustee | 5 | $0 |
George Clopton Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $259,120 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$2,000 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $314,004 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,858 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,470 |
| Advertising and promotion | $16,777 |
| Office expenses | $624 |
| Information technology | $7,404 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,254 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $69,387 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,176 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,905 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $220,081 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $220,081 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Friends Of John Coltrane has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
The Cemala Foundation Inc Greensboro, NC PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Birthplace Of Country Music Alliance Bristol, TN | $15,699,295 | $2,559,665 |
Musicians On Call Inc Nashville, TN | $3,633,934 | $3,486,106 |
Garth Newel Music Center Foundation Corp Warm Springs, VA | $11,030,155 | $3,286,449 |
Varna International Music Academy Columbia, SC | $449,855 | $1,227,146 |
Blues Foundation Inc Memphis, TN | $4,533,935 | $1,249,645 |
Songbirds Foundation Inc Chattanooga, TN | $16,669,845 | $490,877 |
Community Arts Association In Newton County Inc Covington, GA | $760,838 | $850,953 |
Virginia Musical Theatre Inc Virginia Beach, VA | $428,462 | $648,568 |
Musicians Hall Of Fame And Museum Nashville, TN | $2,497,299 | $1,370,985 |
Spartanburg Philharmonic Spartanburg, SC | $755,799 | $833,009 |
Jazzarts Charlotte Charlotte, NC | $599,650 | $885,033 |
Charleston Jazz North Charleston, SC | $510,397 | $1,004,740 |