Colajazz Foundation EIN 84-2847862

Colajazz Foundation

EIN  84-2847862 Public charity (501(c)(3)) Columbia, SC Founded 2019
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Promotes and supports jazz through events, education, and advocacy for a vibrant community.
Leadership
Mark E Rapp · Director · $55K
Money in and out
$464K revenue, $447K expenses
Bottom line
72% program efficiency

Promotes and supports jazz through events, education, and advocacy for a vibrant community. For fiscal year 2025 it reported $464K in revenue, $447K in expenses, and $262K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$464K
Pt VIII · Ln 12
Total expenses
$447K
Pt IX · Ln 25
Net assets
$262K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $17K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.28
Program efficiency
72%
of spending reaches programs▲ +10% vs prior filing year
Operating runway
7.0mo
months of highly liquid reserves at operating expense rate▼ -31% vs prior filing year
Surplus margin
+4%
revenue over expenses, this year▼ -89% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$464K
FY2025▲ +6%
Expenses
$447K
FY2025▲ +53%
Total assets
$263K
FY2025▲ +7%
Total liabilities
$698
FY2025▼ -7%
Total revenue
$464K
Pt VIII · Ln 12
Total expenses
$447K
Pt IX · Ln 25
Net assets
$262K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$17K
Total assetsPt X · Ln 16$263K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

2 program services account for $321K of program spending, described in the organization's own filed words · FY2025.
01

To enrich and inspire the midlands community by sharing jazz anywhere it is needed by performing an annual jazz fest, quarterly "live in the lobby" programs with the koger center for the arts, monthly "dinner & jazz" shows, livestream concerts, special popup presentations and more.

$260Kprogram expense
02

To bring the important history and value of jazz to life by offering a powerful, engaging and exciting resource of curriculum, clinics, master classes and mentorship to all ages of any background.

$61Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CColajazz Foundation
EINHdr · item D84-2847862
Principal addressHdr · item CColumbia, SC
WebsiteHdr · item Jcolajazz.com
Year of formationHdr · item L2019
State of legal domicileHdr · item MSC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A68)
Ruling yearIRS BMFMay 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$55,000Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

Mark E Rapp’s $55K as Director is at the 50th percentile of top reported officer pay among 2213 $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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Mark E Rapp$55,000$53,750
Mark a Rapp$45,000$36,250

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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Statement of Revenue

Part VIII
Contributions & grants$232K · 50%
Program service revenue$232K · 50%
Contributions & grants50%$232K
Program service revenue50%$232K
Investment income$166
Other revenue$449
— government grantsLn 1e$98K
Total revenueLn 12$464K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.28
Program services72%$321K
Management & general28%$126K
Total functional expensesLn 25$447K

Balance Sheet

Part X · end of year
CashLn 1$263K
Total assetsLn 16$263K
Total liabilitiesLn 26$698
Total net assetsLn 32$262K
Months of cash on handcomputed7.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $263K · Operating expenses/yr $447K
7.0 months
Where the money goes
Program services
Program services $321K · Total expenses $447K
72%
Management & General
Management & general $126K · Total expenses $447K
28%
Fundraising
Fundraising $0 · Total expenses $447K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $103K
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $232K · Total revenue $464K
50%
Government reliance
Government grants $98K · Total revenue $464K
21%
Earned-income share
Program service revenue $232K · Total revenue $464K
50%
Investment reliance
Investment income $166 · Total revenue $464K
0%
Program self-sufficiency
Program service revenue $232K · Total expenses $447K
52%
Growth & trend
Revenue growth (YoY)
This year $464K · Prior year $438K
+6%
Net-asset trend (YoY)
End of year $262K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $464K · Expenses $447K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $263K
Net-asset ratio
Net assets $262K · Total assets $263K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $263K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mark E Rapp · Reported title DIRECTOR · Highest reported compensation $55K · Total expenses $447K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $59K · Total expenses $447K
13%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 28%
Revenue growth 6%

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
See all 4 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)$464K revenue · viewing · ⤓ 990 PDF
FY2024$438K revenue · ⤓ 990 PDF
FY2023$307K revenue · ⤓ 990 PDF
FY2022$193K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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