Basin Street Regulars FY2022 filing

Santa Maria, CA · Public charity (501(c)(3)) · Arts & Culture

✓ Tax-deductible Latest data FY2022
Revenue
$152K
▲ +608% vs prior year
Spent
$138K
To programs
34%
Net assets
$384K
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Community Foundation San Luis Obispo County
$15K in the latest grant year.
Spent on programs?
34% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +608% vs prior year
Legal name (IRS)Hdr · item CBasin Street Regulars
EINHdr · item D87-3488032
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJun 2022
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CSanta Maria, CA
NTEE classificationIRS BMFArts & Culture (A68)
WebsiteHdr · item Jpismojazz.com

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.34 Management & general $0.04 Fundraising $0.62
Program services34%$47K
Management & general4%$6K
Fundraising62%$85K
Total functional expensesLn 25$138K

Financial health

Revenue & expenses by yearFY2021–FY2024
Revenue
$152K
FY2022▲ +608%
Expenses
$138K
FY2022▲ +414%
Program efficiency
34%
of spending reaches programs
Operating runway
33.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+9%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$384K
FY2022▼ -3%
Total liabilities
$0
FY2022▼ -100%
Revenue less expensesPt I · Ln 19$14K
Total assetsPt X · Ln 16$384K
Program-expense ratioPt IX · col B34%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411

Balance Sheet

Part X · end of year
CashLn 1$76K
Total assetsLn 16$384K
Total liabilitiesLn 26$0
Total net assetsLn 32$384K
Months of cash on handcomputed6.6

Statement of Revenue

Part VIII
Program service revenue$110K · 73%
Contributions & grants$19K · 13%
Investment income$11K · 7%
Other revenue$11K · 7%
Program service revenue73%$110K
Contributions & grants13%$19K
Investment income7%$11K
Other revenue7%$11K
Total revenueLn 12$152K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $383K · Operating expenses/yr $138K
33.4 months
Where the money goes
Program services
Program services $47K · Total expenses $138K
34%
Management & General
Management & general $6K · Total expenses $138K
4%
Fundraising
Fundraising $85K · Total expenses $138K
62%
Cost to raise $1
Fundraising expense (2-yr avg) $43K · Solicited contributions (2-yr avg) $16K
$2.67 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $19K · Total revenue $152K
13%
Government reliance
Government grants — · Total revenue $152K
—
Earned-income share
Program service revenue $110K · Total revenue $152K
73%
Investment reliance
Investment income $11K · Total revenue $152K
+7%
Program self-sufficiency
Program service revenue $110K · Total expenses $138K
80%
Growth & trend
Revenue growth (YoY)
This year $152K · Prior year $21K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $384K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $152K · Expenses $138K
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $384K
—
Net-asset ratio
Net assets $384K · Total assets $384K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $307K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $384K
80%
People & payroll
Highest Reported Total Compensation
Individual Rhonda Cardinal · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $138K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $138K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 34%——
Overhead ratio 4%——
Fundraising cost ratio 437%——
Revenue growth 608%——
Accounting fee ratio 2%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
See Basin Street Regulars executive salaries →

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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

Mission and programs

Preserves and promotes Dixieland jazz through live performances, festivals, and youth scholarships.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $47K of program spending, described in the organization's own filed words · FY2022.
01

The main program is providing live music for monthly members, guests, and the general public. The main program is held on the last sunday of each month. The program is highly advertised on social media and the local news. A professional band is contracted to play two, one hour sets.

$47Kprogram expense

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Funders

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$15K

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $105K$96K-4% 990 PDF
FY2023 $110K$213K-28% 990 PDF
FY2022 Viewing $152K$138K+608% 990 PDF
FY2021 $21K$27K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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