JAZZARTS CHARLOTTE

EIN: 271728470 501(c)(3) Arts, Culture & Humanities

Charlotte, NC

Total Revenue
$1,197,108
Total Expenses
$1,205,561
Total Assets
$302,151
Net Assets
$180,413
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NC
Principal Officer
Lonnie Davis
Phone
7043343900
Tax Period
2024-07-01 to 2025-06-30

JAZZARTS CHARLOTTE, founded in 2010, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

JazzArts Charlotte's (JazzArts) mission is connecting the cultural community and developing an audience for jazz through quality education, performance and musician support. JazzArts' vision is to be a catalyst for cultural enrichment and music education that brings creative inspiration to the lives of the citizens of the Charlotte region.

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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 $763,473
Program Service Revenue $433,635
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,197,108

Expense Breakdown

Grants Paid $0
Salaries & Benefits $415,831
Fundraising Expenses $138,396
Program Expenses $702,563
Other Expenses $789,730
TOTAL EXPENSES $1,205,561

Year-over-Year Comparison

2024 2023 Change
Revenue $1,197,108 $998,080 +0.2%
Expenses $1,205,561 $1,116,197 +0.1%
Net Income $-8,453 $-118,117 -0.9%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
6
Volunteers
12

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
1
$96,000
Total Directors
16
$0
Key Employees
2
$108,400
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lonnie Davis President and CEO 45
Officer Key Emp
$96,000 $0 $96,000
Ronald Baldwin CFO/COO 40
Key Emp
$12,400 $0 $12,400
Karen S Bernhardt Chair 3
Director
$0 $0 $0
Jerri Kallam Immediate Past Chair 2
Director
$0 $0 $0
Bill Abt Treasurer 2
Director
$0 $0 $0
Betsy Grant-Kaperonis Secretary 2
Director
$0 $0 $0
Christopher Curtin Board Member 1
Director
$0 $0 $0
Joycelyn Eason Board Member and Counsel 1
Director
$0 $0 $0
Kevin Patterson Board Member 1
Director
$0 $0 $0
Anil Patel Board Member 1
Director
$0 $0 $0
Vincent Luciani Board Member 1
Director
$0 $0 $0
Joseph Smith III Board Member 1
Director
$0 $0 $0
Lou Ramos Board Member 1
Director
$0 $0 $0
Michael Masci Board Member 1
Director
$0 $0 $0
Tim Christman Board Member 1
Director
$0 $0 $0
Sharon Rogillio Board Member 1
Director
$0 $0 $0
Nick Forest Board Member 1
Director
$0 $0 $0
Kelsey Rector Board Member 1
Director
$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 $1,197,108 $1,205,561 $302,151 $-8,453
2024 $998,080 $1,116,197 $471,431 $-118,117
2023 $1,244,246 $1,181,131 $709,089 $63,115
2022 $885,033 $753,840 $599,650 $131,193
2021 $453,450 $338,402 $582,316 $115,048
2020 $498,179 $464,082 $100,835 $34,097
2018 $447,200 $473,117 $50,254 $-25,917
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