ASHEVILLE INDEPENDENT ARTS & MUSIC

EIN: 922108301 501(c)(3) Arts, Culture & Humanities

ASHEVILLE, NC

Total Revenue
$158,545
Total Expenses
$159,202
Total Assets
$25,750
Net Assets
$25,750
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
NC
Principal Officer
JOSH BLAKE
Phone
8282806939
Tax Period
2025-01-01 to 2025-12-31

ASHEVILLE INDEPENDENT ARTS & MUSIC, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $159K in total revenue in fiscal year 2025.

Mission

PRESERVE AND PROMOTE THE MUSIC AND ART SCENE IN WESTERN NORTH CAROLINA THROUGH LIVE STREAMING, FILMING, AND ARCHIVING CONCERTS AND AREA EVENTS

Program Service Accomplishments

Program 1
Expenses: $45,350 Revenue: $49,885

During the 2025 tax year, the organization implemented a disaster relief grant program in response to the significant impact of Hurricane Helene on the local arts community. The storm caused...

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During the 2025 tax year, the organization implemented a disaster relief grant program in response to the significant impact of Hurricane Helene on the local arts community. The storm caused widespread disruptions, including prolonged closures of venues and loss of performance opportunities for artists. Through this program, the organization identified and provided financial assistance to over 100 local artists and 20 local venues & events. Grant funds were used to help stabilize operations, offset lost income, and support the resumption of artistic programming following an extended period of disruption. This program furthered the organizations mission by directly supporting the recovery and sustainability of the local arts ecosystem during a period of acute need.

Program 2
Expenses: $86,270 Revenue: $102,433

The organization continued its core program of providing media coverage, promotion, and preservation of the local music and arts community. Through its community-based web platform, the organization...

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The organization continued its core program of providing media coverage, promotion, and preservation of the local music and arts community. Through its community-based web platform, the organization captures live performances and events, making them freely accessible worldwide through live streaming and archived recordings. The organization takes pride in its non-exclusive coverage, showcasing a diverse blend of musical acts and performances. This program not only builds visibility and publicity for local artists, but also serves as a digital archive, preserving their work and expanding access to audiences beyond the local community. The organization covered numerous events throughout the year, generating significant online engagement through video views and impressions. This foundational program advances the organizations mission by supporting, promoting, and preserving the regions creative community.

Program 3
Expenses: $11,351 Revenue: $4,950

The organization hosts the annual Music Video Asheville program, which invites local musicians to submit original music videos for consideration. Selected entries are curated into a 90-minute...

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The organization hosts the annual Music Video Asheville program, which invites local musicians to submit original music videos for consideration. Selected entries are curated into a 90-minute showcase, which is presented at a public screening and awards event held in downtown Asheville. This program provides a platform for artists to share their work with the broader community while recognizing excellence in music and visual storytelling. The event fosters community engagement, supports local musicians, and celebrates the creativity and diversity of the areas arts scene.

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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 (2025)

Revenue Breakdown

Contributions & Grants $158,545
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $158,545

Expense Breakdown

Grants Paid $45,350
Salaries & Benefits $24,220
Fundraising Expenses $2,595
Program Expenses $142,971
Other Expenses $89,632
TOTAL EXPENSES $159,202

Year-over-Year Comparison

2025 2024 Change
Revenue $158,545 N/A N/A
Expenses $159,202 N/A N/A
Net Income $-657 N/A N/A
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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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
N/A

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
$2,400
Total Directors
1
$21,820
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSHUA BLAKE PRESIDENT 20.00
Director
$21,820 $0 $21,820
EDWARD SCOTT REESE SECRETARY 20.00
Officer
$2,400 $0 $2,400
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 $158,545 $159,202 $25,750 $-657
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