Backbeat Foundation Inc
- Assets
- $21.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 11/2006
- Data as of
- 12/2023
- EIN
- 20-4703474
Organization Overview
Backbeat Foundation Inc is located in New Orleans, LA. The organization was established in 2006. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Backbeat Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Backbeat Foundation Inc generated $25.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (13.9%) each year. All expenses for the organization totaled $41.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
17TH ANNUAL BACKBEAT JAZZFEST SERIES. ANNUAL CONCERT SERIES PRESENTED OVER 12 DAYS WITH OVER 40 ACTS PERFORMING. THE SERIES IS A SHOWCASE OF LOCAL TALENT AND JAZZ MUSIC.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,242 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $25,242 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $33,050 |
| Occupancy, rent, utilities, and maintenance | $4,134 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,544 |
| Total expenses | $41,728 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,330 |
| Other assets | $0 |
| Total assets | $21,330 |
| Total liabilities | $0 |
| Net assets or fund balances | $21,330 |