Alleghany Jam
- Assets
- $750.4k
- Revenue
- $222.3k
- Investments
- $0.0
- Employees
- 8
- Location
- Sparta, NC
- Founding
- 10/2016
- Data as of
- 05/2024
- EIN
- 81-1618359
Organization Overview
Alleghany Jam is located in Sparta, NC. The organization was established in 2016. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2024, Alleghany Jam employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alleghany Jam 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 05/2024, Alleghany Jam generated $222.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $131.3k during the year ending 05/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO PRESERVING THE APPALACHIAN HERITAGE THROUGH TRADITIONAL MUSIC. PROVIDING INSTRUCTION IN GUITAR, BANJO, MANDOLIN, FIDDLE, BASS, DULCIMER, SINGING, AND DANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MUSIC INSTRUCTION CLASSES FOR CHILDREN AND YOUTH AS AN AFTERSCHOOL PROGRAM. PROVIDE MUSICAL INSTRUMENTS FOR USE DURING INSTRUCTION AND PRACTICE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kate Vermilyea Executive Director | Officer | 0 | $0 |
Mary Ruth Marshall Director | Officer | 4 | $0 |
Carole Green Director | Officer | 4 | $0 |
Thomas C Hudgins Director | Officer | 0 | $0 |
Amy Lucas Director | Officer | 0 | $0 |
Emily Spencer Director | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $94,436 |
| Related organizations | $0 |
| Government grants | $11,490 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,162 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $190,088 |
| Total Program Service Revenue | $14,419 |
| Investment income | $11,416 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,560 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,215 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $222,303 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,798 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,490 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,262 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,589 |
| Fees for services: Other | $0 |
| Advertising and promotion | $546 |
| Office expenses | $682 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,398 |
| Travel | $0 |
| 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 | $10,417 |
| Insurance | $3,018 |
| All other expenses | $8,352 |
| Total functional expenses | $131,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,344 |
| Savings and temporary cash investments | $42,070 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$332 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $127 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $301,350 |
| Investments—publicly traded securities | $369,884 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $750,443 |
| Accounts payable and accrued expenses | $4,441 |
| 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 | $4,441 |
| Net assets without donor restrictions | $746,002 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $750,443 |