THIRD COAST PERCUSSION NFP

EIN: 421744369 501(c)(3) Arts, Culture & Humanities

CHICAGO, IL

Total Revenue
$1,587,525
Total Expenses
$1,449,933
Total Assets
$675,667
Net Assets
$675,667
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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
IL
Principal Officer
ETHELBERT WILLIAMS
Phone
7732342712
Tax Period
2024-07-01 to 2025-06-30

THIRD COAST PERCUSSION NFP, founded in 2007, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 9% surplus.

Mission

THE MISSION OF THIRD COAST PERCUSSION IS TO INSPIRE AND EDUCATE THROUGH THE CREATION OF EXCITING AND UNEXPECTED MUSICAL EXPERIENCES.

Program Service Accomplishments

Program 1
Expenses: $487,636 Revenue: $803,626

PERFORMANCE. 69 CONCERT PERFORMANCES WERE PRESENTED. PERFORMANCESOCCURRED IN 14 U.S. STATES AND THE DISTRICT OF COLUMBIA AS WELL AS BRAZIL, COLOMBIA, FRANCE, GERMANY, AND HONG KONG. THE ENSEMBLE...

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PERFORMANCE. 69 CONCERT PERFORMANCES WERE PRESENTED. PERFORMANCESOCCURRED IN 14 U.S. STATES AND THE DISTRICT OF COLUMBIA AS WELL AS BRAZIL, COLOMBIA, FRANCE, GERMANY, AND HONG KONG. THE ENSEMBLE RELEASED 2 FULL-LENGTH ALBUMS, "AGUAS DA AMAZONIA AND "STANDARD STOPPAGES AND RELEASED 15 WORKS FOR STREAMING VIDEO PLATFORMS. TO CELEBRATE THE ENSEMBLES 20TH ANNIVERSARY, THIRD COAST PERCUSSION PRESENTED THE DAY-LONG FESTIVAL "RHYTHM FEST" IN THEIR HOME CITY OF CHICAGO, FEATURING 40 U.S. AND INTERNATIONAL PERFORMING ARTISTS.

Program 2
Expenses: $533,436

COMMISSIONING NEW WORKS: THIRD COAST PERCUSSION COMMISSIONED ANDPREMIERED 14 NEW MUSICAL WORKS DURING THEIR PERFORMANCE SEASON. THEENSEMBLE COMPLETED ITS 11TH ANNUAL "CURRENTS CREATIVE PARTNERSHIP"...

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COMMISSIONING NEW WORKS: THIRD COAST PERCUSSION COMMISSIONED ANDPREMIERED 14 NEW MUSICAL WORKS DURING THEIR PERFORMANCE SEASON. THEENSEMBLE COMPLETED ITS 11TH ANNUAL "CURRENTS CREATIVE PARTNERSHIP", APROGRAM THAT SELECTS DEVELOPING MUSIC CREATORS FROM ACROSS THE WORLD TOCOLLABORATE WITH THE ENSEMBLE IN CREATING NEW WORKS.

Program 3
Expenses: $29,032

YOUTH EDUCATION AND COMMUNITY ENGAGEMENT ACTIVITES: THIRD COAST PERCUSSION PROVIDED 36 EDUCATIONAL PERFORMANCES, CLASSES, AND CLINICS TO K-12 SCHOOLS, COMMUNITY CENTERS, AND COLLEGES/UNIVERSITIES...

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YOUTH EDUCATION AND COMMUNITY ENGAGEMENT ACTIVITES: THIRD COAST PERCUSSION PROVIDED 36 EDUCATIONAL PERFORMANCES, CLASSES, AND CLINICS TO K-12 SCHOOLS, COMMUNITY CENTERS, AND COLLEGES/UNIVERSITIES THROUGHOUT THE U.S. AS WELL AS BRAZIL, GERMANY, AND HONG KONG. THIRD COAST PERCUSSION CONTINUED THEIR CHICAGO-BASED EDUCATIONAL INITITATIVE "EMBARK" IN PARTNERSHIP WITH THE PEOPLE'S MUSIC SCHOOL AND RELEASED MULTIPLE EDUCATIONAL VIDEOS FOR ONLINE STREAMING PLATFORMS. AS PART OF ITS ENSEMBLE-IN-RESIDENCE POSITION AT DENISON UNIVERSITY, THIRD COAST PERCUSSION PARTICIPATED IN THE 3RD ANNUAL SUMMER TUTTI PERFORMING ARTS CAMP FOR HIGH SCHOOL MUSICIANS.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $794,877
Program Service Revenue $803,626
Investment Income $19,931
Other Revenue $-30,909
TOTAL REVENUE $1,587,525

Expense Breakdown

Grants Paid $0
Salaries & Benefits $692,802
Fundraising Expenses $185,496
Program Expenses $1,050,104
Other Expenses $757,131
TOTAL EXPENSES $1,449,933

Year-over-Year Comparison

2024 2023 Change
Revenue $1,587,525 $1,113,245 +0.4%
Expenses $1,449,933 $1,132,557 +0.3%
Net Income $137,592 $-19,312 -8.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
16
Employees
8
Volunteers
47

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
6
$177,238
Total Directors
17
$90,380
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM BARASA DIRECTOR 0.20
Director
$0 $0 $0
SARA COFFOU DIRECTOR 0.20
Director
$0 $0 $0
BETH DAVIS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
NIMISH DIXIT DIRECTOR 0.20
Director
$0 $0 $0
ANDRE DOWELL DIRECTOR 0.20
Director
$0 $0 $0
JOSH GITELSON DIRECTOR 0.20
Director
$0 $0 $0
DANIEL HEFFNER DIRECTOR 0.20
Director
$0 $0 $0
JAMIE JUNG DIRECTOR 0.20
Director
$0 $0 $0
DANIEL KNAUS TREASURER 2.00
Officer Director
$0 $0 $0
SAMIR MAYEKAR DIRECTOR 0.20
Director
$0 $0 $0
ANNA MUSCI DIRECTOR 0.20
Director
$0 $0 $0
SARAH ORWIG DIRECTOR 0.20
Director
$0 $0 $0
LOUISE SMITH DIRECTOR 0.20
Director
$0 $0 $0
CATHERINE WALLABY DIRECTOR 0.20
Director
$0 $0 $0
ETHELBERT WILLIAMS PRESIDENT 2.00
Officer Director
$0 $0 $0
MARY WOOLEVER SECRETARY 2.00
Officer Director
$0 $0 $0
ROBERT DILLON DIRECTOR, ENSEMBLE MEMBER 40.00
Officer Director
$80,553 $9,827 $90,380
DAVID SKIDMORE EXECUTIVE DIRECTOR 40.00
Officer
$84,000 $2,858 $86,858
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 $1,587,525 $1,449,933 $675,667 $137,592
2024 $1,113,245 $1,132,557 $538,214 $-19,312
2023 $1,062,273 $1,005,707 $555,237 $56,566
2022 $950,770 $846,484 $498,671 $104,286
2021 $802,734 $679,210 $470,770 $123,524
2020 $832,585 $774,983 $343,316 $57,602
2019 $789,399 $779,440 $213,259 $9,959
2018 $718,482 $657,633 $203,299 $60,849
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