Jack Music INC EIN 26-3153404 Form 990 (PDF) Claim this org

Jack Music INC FY2020 filing

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Promotes new music and expands string quartet repertoire through collaborations and commissions. For fiscal year 2020 it reported $612K in revenue, $475K in expenses, and $290K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
New York, NY
Website
jackquartet.com
Filings
5 on file (2020–2020)
Revenue
$612KFY2020
Expenses
$475K
Net assets
$290K
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-3153404 Public charity (501(c)(3)) New York, NY
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Promotes new music and expands string quartet repertoire through collaborations and commissions.
Leadership
Austin Wulliman · Director · $67K
Money in and out
$612K revenue, $475K expenses
Bottom line
76% program efficiency
Where the money goes · FY2020
Total revenue
$612K
Pt VIII · Ln 12
Total expenses
$475K
Pt IX · Ln 25
Net assets
$290K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $137K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.22 Fundraising $0.03
Program efficiency
76%
of spending reaches programs
Operating runway
6.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+22%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$612K
FY2020
Expenses
$475K
FY2020
Total assets
$310K
FY2020
Total liabilities
$20K
FY2020
Total revenue
$612K
Pt VIII · Ln 12
Total expenses
$475K
Pt IX · Ln 25
Net assets
$290K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$137K
Total assetsPt X · Ln 16$310K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CJack Music INC
EINHdr · item D26-3153404
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jjackquartet.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A6B)
Ruling yearIRS BMFAug 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$67,169Pt VII · Sec A
$66,690Pt VII · Sec A
$65,798Pt VII · Sec A
$65,798Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

John P Richards’s $72K as Director is at the 66th percentile of top reported officer pay among 2212 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2023FY2022FY2021FY2020
John P Richards$72,000$80,000$76,667$75,067$66,690
Jed Austin Wulliman$72,000$80,000
Christopher Otto$72,000$80,000$77,667$75,067$65,798
Jeremiah a Campbell$72,000$80,000$76,667$75,067$65,798
Julia Bumke$80,000$76,667$75,067
Austin Wulliman$76,667$75,067$67,169

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $360K of program spending, described in the organization's own filed words · FY2020.
01

2020 was a year of artistic growth and organizational success as jack performed and taught contemporary music worldwide. The quartet was awarded an avery fisher career grant, which we used to launch a new project called jack studio that supports under-represented artists through commissioning, recording, and professional development.

$360Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$465K · 76%
Program service revenue$146K · 24%
Contributions & grants76%$465K
Program service revenue24%$146K
Other revenue$675
Total revenueLn 12$612K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.22 Fundraising $0.03
Program services76%$360K
Management & general22%$103K
Fundraising3%$13K
Total functional expensesLn 25$475K

Balance Sheet

Part X · end of year
CashLn 1$268K
Total assetsLn 16$310K
Total liabilitiesLn 26$20K
Total net assetsLn 32$290K
Months of cash on handcomputed6.8

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $268K · Operating expenses/yr $475K
6.8 months
Where the money goes
Program services
Program services $360K · Total expenses $475K
76%
Management & General
Management & general $103K · Total expenses $475K
22%
Fundraising
Fundraising $13K · Total expenses $475K
3%
Cost to raise $1
Fundraising expense $13K · Solicited contributions $465K
$0.03 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $465K · Total revenue $612K
76%
Government reliance
Government grants — · Total revenue $612K
Earned-income share
Program service revenue $146K · Total revenue $612K
24%
Investment reliance
Investment income $0 · Total revenue $612K
0%
Program self-sufficiency
Program service revenue $146K · Total expenses $475K
31%
Growth & trend
Revenue growth (YoY)
This year $612K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $290K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $612K · Expenses $475K
+22%
Liabilities-to-Assets
Total liabilities — · Total assets $310K
Net-asset ratio
Net assets $290K · Total assets $310K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $310K
0%
People & payroll
Highest Reported Total Compensation
Individual Austin Wulliman · Reported title Director · Highest reported compensation $67K · Total expenses $475K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $310K · Total expenses $475K
65%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 22%
Fundraising cost ratio 3%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$176K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$747K revenue · ⤓ 990 PDF
FY2024not on file
FY2023$651K revenue · ⤓ 990 PDF
FY2022$576K revenue · ⤓ 990 PDF
FY2021$767K revenue · ⤓ 990 PDF
FY2020$612K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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