Hot Summer Jazz Festival
EIN: 412010585 · Saint Paul, MN · NTEE: A60
| Metric | Value |
|---|---|
| Total Revenue | $471K |
| Total Expenses | $556K |
| Net Assets | $122K |
Is Hot Summer Jazz Festival Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hot Summer Jazz Festival
Hot Summer Jazz Festival (EIN: 412010585) is a nonprofit organization based in Saint Paul, MN, classified under NTEE code A60. The organization reported total revenue of $471K and total assets of $40K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hot Summer Jazz Festival's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hot Summer Jazz Festival is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $561K |
| Total Expenses | $556K |
| Surplus / Deficit | +$5K |
| Total Assets | $122K |
| Total Liabilities | $100 |
| Net Assets | $122K |
| Operating Margin | 0.9% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 2.6 months |
Financial Health Grade: A
In 2023, Hot Summer Jazz Festival reported a surplus of $5K with revenue exceeding expenses, holds 2.6 months of operating reserves (limited), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hot Summer Jazz Festival's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.2% | -3.0% | +4.2% |
| 2022 | -21.0% | +1.7% | -38.4% |
| 2021 | +135.2% | +141.2% | +37.7% |
| 2020 | -41.7% | -49.3% | +62.5% |
| 2019 | -7.5% | +3.3% | +1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hot Summer Jazz Festival has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hot Summer Jazz Festival with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about Hot Summer Jazz Festival
Is Hot Summer Jazz Festival a legitimate charity?
Based on AI analysis of IRS 990 filings, Hot Summer Jazz Festival (EIN: 412010585) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hot Summer Jazz Festival spend its money?
Detailed spending breakdown data is not yet available for Hot Summer Jazz Festival. Check back for updated IRS 990 analysis.
Are donations to Hot Summer Jazz Festival tax-deductible?
Hot Summer Jazz Festival is registered as a tax-exempt nonprofit (EIN: 412010585). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hot Summer Jazz Festival located?
Hot Summer Jazz Festival is headquartered in Saint Paul, Minnesota and files with the IRS under EIN 412010585. It is classified under NTEE code A60.
How many years of IRS 990 filings does Hot Summer Jazz Festival have?
Hot Summer Jazz Festival has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $471K in total revenue.
Filing History
IRS 990 filing history for Hot Summer Jazz Festival showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hot Summer Jazz Festival's revenue has grown by 101.8%, moving from $278K to $561K. Total assets increased by 287.4% over the same period, from $32K to $122K. Total functional expenses rose by 110.9%, from $264K to $556K. In its most recent filing year (2023), Hot Summer Jazz Festival reported a surplus of $5K, with revenue exceeding expenses. The organization holds $100 in liabilities against $122K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $122K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $561K | $556K | $122K | $100 | — | — |
| 2022 | $500K | $573K | $117K | $100 | — | View 990 |
| 2021 | $634K | $564K | $190K | $100 | — | View 990 |
| 2020 | $269K | $234K | $138K | $18K | — | View 990 |
| 2019 | $462K | $461K | $85K | $625 | — | View 990 |
| 2018 | $499K | $446K | $84K | $625 | — | View 990 |
| 2017 | $417K | $479K | $30K | $625 | — | View 990 |
| 2016 | $643K | $620K | $92K | $625 | — | View 990 |
| 2015 | $628K | $629K | $69K | $625 | — | View 990 |
| 2014 | $458K | $499K | $70K | $625 | — | View 990 |
| 2013 | $324K | $244K | $111K | $1K | — | View 990 |
| 2012 | $265K | $265K | $31K | $575 | — | View 990 |
| 2011 | $278K | $264K | $32K | $550 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $561K, expenses of $556K, and assets of $122K (revenue +12.2% year-over-year).
- 2022: Revenue of $500K, expenses of $573K, and assets of $117K (revenue -21.0% year-over-year).
- 2021: Revenue of $634K, expenses of $564K, and assets of $190K (revenue +135.2% year-over-year).
- 2020: Revenue of $269K, expenses of $234K, and assets of $138K (revenue -41.7% year-over-year).
- 2019: Revenue of $462K, expenses of $461K, and assets of $85K (revenue -7.5% year-over-year).
- 2018: Revenue of $499K, expenses of $446K, and assets of $84K (revenue +19.7% year-over-year).
- 2017: Revenue of $417K, expenses of $479K, and assets of $30K (revenue -35.1% year-over-year).
- 2016: Revenue of $643K, expenses of $620K, and assets of $92K (revenue +2.4% year-over-year).
- 2015: Revenue of $628K, expenses of $629K, and assets of $69K (revenue +37.0% year-over-year).
- 2014: Revenue of $458K, expenses of $499K, and assets of $70K (revenue +41.4% year-over-year).
- 2013: Revenue of $324K, expenses of $244K, and assets of $111K (revenue +22.5% year-over-year).
- 2012: Revenue of $265K, expenses of $265K, and assets of $31K (revenue -4.9% year-over-year).
- 2011: Revenue of $278K, expenses of $264K, and assets of $32K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hot Summer Jazz Festival:
Data Sources and Methodology
This transparency report for Hot Summer Jazz Festival is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.