Nashville Jazz Workshop
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$894,941.00
Projected Expenses
$894,941.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| nashville jazz workshop irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $601,557.00 | $835,940.00 | $581,607.00 |
| Total Expenses | $744,857.00 | $685,577.00 | $550,247.00 |
| Revenue Less Expenses | ($143,300.00) | $150,363.00 | $31,360.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $340,460.00 | $53,270.00 |
| Contributions, Gifts, and Grants | $328,207.00 | $333,796.00 | $337,286.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $212,114.00 | $150,217.00 | $98,468.00 |
| Investment Income, Net of Losses | $6,817.00 | $-4,515.00 | $5,497.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $43,138.00 | $15,982.00 | $42,336.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $11,281.00 | $0.00 | $44,750.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $552,246.00 | $458,223.00 | $328,998.00 |
| Administration Expense | $182,854.00 | $151,396.00 | $80,297.00 |
| Fundraising Expense | $9,757.00 | $75,958.00 | $140,952.00 |
| Total Revenue/Total Expenses | 81% | 122% | 106% |
| Program Expense/Total Expenses | 74% | 67% | 60% |
| Fundraising Expense/Contributed Revenue | 1% | 11% | 26% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $328,207.00 | Government Grants $340,460.00 | Contributions, Gifts, and Grants $337,286.00 |
| Second Highest Funding Source & Dollar Amount | Program Revenue $212,114.00 | Contributions, Gifts, and Grants $207,096.00 | Program Revenue $98,468.00 |
| Third Highest Funding Source & Dollar Amount | Fundraising Events $43,138.00 | Foundations and Corporations $126,700.00 | Government Grants $53,270.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $641,666.00 | $769,097.00 | $668,446.00 |
| Current Assets | $360,898.00 | $400,570.00 | $251,334.00 |
| Long-Term Liabilities | $0.00 | $30,140.00 | $45,210.00 |
| Current Liabilities | $84,450.00 | $38,441.00 | $73,083.00 |
| Total Net Assets | $557,216.00 | $700,516.00 | $550,153.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| Audited figures for revenue and expenses use the net revenue from our annual fundraising event, with expenses subtracted. this accounts for the lower revenue/expense figures in the audit numbers as compared with the budgets, which use the total revenue and expense from the fundraising event. Fiscal Year: In 2018 the NJW Board decided to switch from a calendar year to a July-June fiscal year. This was done because of seasonal inflows and outflows of cash that made it problematic to track cash flow throughout the year. This change was made July 1, 2019. As a result, the last audit and full year's tax return at that time was for the calendar year ending December 31, 2018. These documents are posted on GivingMatters.com. For the six months until the start of the new fiscal year in July 2019, a Short Period Return Form-990 was submitted to the IRS, covering January through June 2019. A full year's Form-990 return for July 2019-June 2020 will be submitted to the IRS this fall. NOTE: An 18-month audit combining both periods was originally planned for Fall 2021. However, we were advised by the auditor that barring a specific reason for and 18-month audit, a 12-month audit for the new Fiscal Year 2019-20 would be customary in a situation such as ours. |
Foundation Staff Comments
| Financial figures taken from the audit. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in 990 or Audit. Financial documents prepared by Thomason Financial Resources, Inc. Comments provided by Hayley Sulfridge 2/15/24. |
