JACK MUSIC INC JACK QUARTET

EIN: 263153404 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$747,485
Total Expenses
$551,290
Total Assets
$428,213
Net Assets
$378,294
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NY
Principal Officer
Christopher Otto
Phone
2014867997
Tax Period
2024-08-01 to 2025-07-31

JACK MUSIC INC JACK QUARTET, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $747K in total revenue in fiscal year 2024. Revenue surged 121% from the prior year, signaling strong growth momentum. The organization ran a surplus of $196K, a strong 26% operating margin.

Mission

The JACK Quartet operates as a 501(c)(3) nonprofit organization called JACK Music Inc. Under the artistic direction of the quartet, the organization's mission is to present, promote, and educate the public community about new music as well as expand and enhance the depth of the string quartet repertoire by collaborating with composers on the interpretation of existing works and the commissioning of new works.To achieve the goals set forth in this mission statement, JACKs core programming approach comprises three initiatives: performance, educational residencies, and the creation and development of new music. Through performance, we bring to life the work of todays most important composers and seek to inspire audiences to explore (and even embrace) the unfamiliar. We program music that we hope will challenge, invigorate, and broaden the aesthetic horizons of all listeners. With our educational residencies, we aim to nurture the next generation of listeners, composers and performers. Col

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $478,265
Program Service Revenue $251,825
Investment Income $1,708
Other Revenue $15,687
TOTAL REVENUE $747,485

Expense Breakdown

Grants Paid $0
Salaries & Benefits $307,904
Fundraising Expenses $39,060
Program Expenses $406,807
Other Expenses $243,386
TOTAL EXPENSES $551,290

Year-over-Year Comparison

2024 2023 Change
Revenue $747,485 $338,095 +1.2%
Expenses $551,290 $435,100 +0.3%
Net Income $196,195 $-97,005 -3.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
5
Employees
5
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
7
$288,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John P Richards Director 40.00
Director
$72,000 $0 $72,000
Jed Austin Wulliman Director 40.00
Director
$72,000 $0 $72,000
Christopher Otto Director 40.00
Director
$72,000 $0 $72,000
Jeremiah A Campbell Director 40.00
Director
$72,000 $0 $72,000
Conrad Tao Director 0.50
Director
$0 $0 $0
Kate Sheeran Director 0.50
Officer Director
$0 $0 $0
Ara Guzelimian Director 0.50
Director
$0 $0 $0
Kevin Li Treasurer 0.50
Officer
$0 $0 $0
Katherine Pfingsten Director 0.00
Officer
$0 $0 $0
Michael Tanzer President 0.50
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $747,485 $551,290 $428,213 $196,195
2024 $338,095 $435,100 $223,153 $-97,005
2024 $338,095 $435,100 $223,153 $-97,005
2023 $672,166 $706,236 $313,387 $-34,070
2023 $651,154 $706,237 $292,375 $-55,083
2022 $576,042 $688,565 $352,994 $-112,523
2021 $767,436 $610,766 $470,697 $156,670
2020 $611,898 $475,396 $309,903 $136,502
2019 $606,124 $587,810 $159,425 $18,314
2018 $524,924 $490,994 $136,663 $33,930
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