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Common Chord FY2024 filing

Tax-deductible

Davenport, IA501(c)(3)Arts & Culture EIN 43-2005678Revenue $2.3M in FY2024

On file with the IRScommonchordqc.org129 N Main St, 52801-1808 · Davenport, IATax-exempt since Feb 2004Publicly supported charity — 170(b)(1)(A)(vi)

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Common Chord activates the power of music to improve our community. Common Chord provides concerts, educational programs, and community music programs.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $76K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Plus $286K in investments, Pt X · Ln 11–13
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $260K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$245K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.3M
+159% vs prior year
Spent
$1.4M
To programs
72%
Net assets
$2.9M
By yearFY2021–FY2025
Revenue
$2.3M
FY2024▲ +159%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.3M
FY2022$1.6M
FY2023$890K
FY2024$2.3M
FY2025$846K
Expenses
$1.4M
FY2024▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2021$1.2M
FY2022$1.5M
FY2023$1.2M
FY2024$1.4M
FY2025$1.4M
Net assets
$2.9M
FY2024▲ +49%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.0M
FY2022$2.2M
FY2023$2.0M
FY2024$2.9M
FY2025$2.4M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $987K Management & general 20% · $266K Fundraising 8% · $110K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Amy Behning
Director
$0Pt VII · Sec A
Ross Carlson
Treasurer
$0Pt VII · Sec A
Jack Cullen
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Jen Morton
Director
$0Pt VII · Sec A
Kim Nickels
Secretary
$0Pt VII · Sec A
Kelvin Ojo
Director
$0Pt VII · Sec A
Sue Ramsett
Director
$0Pt VII · Sec A
See Common Chord executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides concerts and educational programs to improve the community through music.

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Provided by the organization

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3 programs · $987K · in their own filed words · FY2023
01

Concert Programs

Provide a variety of financially accessible, community- oriented concerts in the organization's venue and throughout the community. Concerts consist of a wide variety of genres.

$431Kprogram expense
02

Community Engagement Programs

Presenting activities that increase the public's perception of the value of live music in our community, including advocacy efforts, online publication, and painted pianos in public spaces.

$293Kprogram expense
03

Education Programs

Providing opportunities for music education and enrichment for youth and adults of all ability levels and interests in schools, after-school programs, nonprofit partner organizations, and community centers.

$263Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Quad Cities Cultural and Educational Charitable TrustFY2024$193K
Quad Cities Golf Classic Charitable FoundationFY2024$46K
Quad Cities Community FoundationFY2024$21K
Total grants receivedfrom 3 funders$260K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.3M
Ln 12
Gifts and grantsLn 1h$1.9M
Other incomeLn 4–11$262K
Fees for servicesLn 2g$112K
Money outPt IX
$1.4M
Ln 25
Programscol B$987K
Managementcol C$266K
Fundraisingcol D$110K
Owns and owesPt X
$2.9M
net assets · Ln 32
Cash and savingsLn 1–2$161K
Total assetsLn 16$3.2M
LiabilitiesLn 26$245K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Noncash giftsLn 1g$65K
Fees for servicesLn 2g$112K
Investment incomeLn 3$3K
Other incomeLn 4–11$262K
Gains on assetsLn 7−$6K
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$161K
Cash and savings togetherLn 1–2$161K
InvestmentsLn 11–13$286K
Land, buildings, equipmentLn 10c$2.6M
Other assetsLn 15$9K
Total assetsLn 16$3.2M
LiabilitiesLn 26$245K
Net assetsLn 32$2.9M
OperationsPt I, VI
EmployeesI 528
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$305K$161K
InvestmentsLn 11–13$386K$286K
Land, buildings, equipmentLn 10c$2.8M$2.6M
Total assetsLn 16$3.6M$3.2M
LiabilitiesLn 26$1.7M$245K
Net assetsLn 32$2.0M$2.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$90K$63K$9K$18K
Other salaries and wagesLn 7$368K$272K$31K$65K
Other employee benefitsLn 9$30K$21K$3K$6K
Payroll taxesLn 10$41K$31K$4K$7K
Other fees for servicesLn 11g$29K$6K$24K
Advertising and promotionLn 12$6K$6K$504
Office expensesLn 13$4K$581$1K$2K
Information technologyLn 14$23K$16K$7K
OccupancyLn 16$110K$77K$33K
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$182K$127K$55K
InsuranceLn 23$26K$18K$8K
Other expenses (24a–d)Ln 24$354K$310K$38K$6K
All other expensesLn 24e$95K$41K$50K$4K
Total functional expensesLn 25$1.4M$987K$266K$110K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $846K$1.4M−$522K$2.4M 990 PDF
FY2024 Viewing $2.3M$1.4M$940K$2.9M 990 PDF
FY2023 $890K$1.2M−$287K$2.0M 990 PDF
FY2022 $1.6M$1.5M$187K$2.2M 990 PDF
FY2021 $1.3M$1.2M$60K$2.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $2,302,989 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $562,366$1,926,706
I-9 Program service revenuePrior year $83,410$111,869
I-10 Investment incomePrior year −$3,907$2,602
I-11 Other revenuePrior year $248,424$261,812
I-12 Total revenuePrior year $890,293$2,302,989
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $461,454$529,552
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $715,364$833,731
I-18 Total expensesPrior year $1,176,818$1,363,283
I-19 Revenue less expensesPrior year −$286,525$939,706
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,302,989 across 10 lines filed
Lines not itemized here account for $104,028 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$1,926,706
VIII-1g Noncash contributions (included above)$64,899
VIII-1h Total contributions, gifts and grants$1,926,706
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $111,869$111,869
VIII-3 Investment incomeExcluded from tax $8,988$8,988
VIII-6 Net rental income or lossExcluded from tax $131,351$131,351
VIII-7 Net gain or loss on sales of assetsRelated to mission −$6,386−$6,386
VIII-8 Net income from fundraising events$21,009
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,424$5,424
VIII-12 Total revenueRelated to mission $214,935 · Excluded from tax $140,339$2,302,989
Part IX · Statement of functional expenses $1,363,283 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $63,000 · Management $9,000 · Fundraising $18,000$90,000
IX-7 Other salaries and wagesPrograms $272,076 · Management $30,762 · Fundraising $65,028$367,866
IX-9 Other employee benefitsPrograms $20,534 · Management $3,361 · Fundraising $6,357$30,252
IX-10 Payroll taxesPrograms $30,744 · Management $3,755 · Fundraising $6,935$41,434
IX-11g Other fees for servicesPrograms $5,900 · Management $23,505$29,405
IX-12 Advertising and promotionPrograms $5,795 · Fundraising $504$6,299
IX-13 Office expensesPrograms $581 · Management $1,449 · Fundraising $2,329$4,359
IX-14 Information technologyPrograms $16,147 · Management $6,866$23,013
IX-16 OccupancyPrograms $76,833 · Management $32,929$109,762
IX-20 InterestManagement $4,425$4,425
IX-22 Depreciation, depletion and amortizationPrograms $126,853 · Management $54,931$181,784
IX-23 InsurancePrograms $17,973 · Management $7,703$25,676
IX-24 Other expenses (24a–d)Programs $309,736 · Management $37,575 · Fundraising $6,359$353,670
IX-24e All other expensesPrograms $41,214 · Management $49,948 · Fundraising $4,176$95,338
IX-25 Total functional expensesPrograms $987,386 · Management $266,209 · Fundraising $109,688$1,363,283
Part X · Balance sheet $3,166,695 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $305,280$161,196
X-3 Pledges and grants receivableStart of year $20,000$20,000
X-4 Accounts receivableStart of year $65,867$47,727
X-8 Inventories for sale or useStart of year $5,163$7,612
X-9 Prepaid expenses and deferred chargesStart of year $33,245$23,135
X-10c Land, buildings and equipment, netStart of year $2,788,816$2,612,083
X-11 Publicly traded securitiesStart of year $386,095$286,227
X-15 Other assetsStart of year $9,916$8,715
X-16 Total assetsStart of year $3,614,382$3,166,695
X-17 Accounts payable and accrued expensesStart of year $51,365$38,316
X-19 Deferred revenueStart of year $44,479$50,871
X-24 Unsecured notes and loans payableStart of year $1,558,912$155,646
X-26 Total liabilitiesStart of year $1,654,756$244,833
X-27 Net assets without donor restrictionsStart of year $1,959,626$2,921,862
X-32 Total net assets or fund balancesStart of year $1,959,626$2,921,862
X-33 Total liabilities and net assetsStart of year $3,614,382$3,166,695
Part XI · Reconciliation of net assets $2,921,862 net assets at year end
XI-1 Total revenue$2,302,989
XI-2 Total expenses$1,363,283
XI-3 Revenue less expenses$939,706
XI-4 Net assets at start of year$1,959,626
XI-5 Net unrealized gains (losses) on investments$22,530
XI-10 Net assets at end of year$2,921,862

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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