The Art Of Cool Project
- Assets
- -$10.5k
- Revenue
- -$49.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Durham, NC
- Founding
- 05/2013
- Data as of
- 06/2017
- EIN
- 45-3842298
Organization Overview
The Art Of Cool Project is located in Durham, NC. The organization was established in 2013. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. Art Of Cool Project is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, PRESENT AND PRESERVE JAZZ.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PRESENTED HIGH QUALITY LIVE MUSIC CONCERTS IN UNIQUE VENUES THROUGHOUT THE TRIANGLE. THE 2017 ART OF COOL FESTIVAL TOOK PLACE IN DURHAM, NC ON APRIL 28-30, 2017. ART OF COOL FESTIVAL (AOCFEST) IS A PROGRESSIVE JAZZ AND ALTERNATIVE SOUL MUSIC FESTIVAL LOCATED IN DOWNTOWN DURHAM. THE GOAL OF THIS PROGRAM IS TO EXPAND THE AUDIENCE FOR JAZZ-INFLUENCED MUSIC.
THE START OF COOL (SOC) IS A JAZZ EDUCATION INITIATIVE FOR STUDENTS IN THE 3RD-7TH GRADES INTERESTED IN LEARNING MORE ABOUT THE PERFORMANCE AND FUNDAMENTALS OF JAZZ. TWO SUMMER JAZZ CAMPS WILL BE HELP DURING SUMMER 2017. THE FIRST WAS HELD JUNE 26 - JULY 1, 2017 AT GLOBAL SCHOLARS ACADEMY AND THE SECOND WILL BE AUGUST 14-16 AT THE CHAVIS COMMUNITY CENTER. THE CAMPS WILL INTRODUCE STUDENTS TO JAZZ MUSIC THROUGH WORKSHOPS, LESSONS AND GROUP INSTRUCTION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Farnum Brown Board Member | Trustee | 1 | $0 |
Brett Chambers Board Member | Trustee | 1 | $0 |
James Howse Board Member | Trustee | 1 | $0 |
Benjamin Reese Board Member | Trustee | 1 | $0 |
Sam Stephenson Board Member | Trustee | 1 | $0 |
Chuck Watts Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $131,811 |
| Related organizations | $0 |
| Government grants | $72,945 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,107 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $207,863 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$262,902 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $938 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$49,794 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,280 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,024 |
| Advertising and promotion | $0 |
| Office expenses | $3,764 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,190 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,924 |
| All other expenses | $205 |
| Total functional expenses | $21,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$10,550 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | -$10,550 |
| Accounts payable and accrued expenses | $8,775 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $134,549 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $14,733 |
| Other liabilities | $0 |
| Total liabilities | $158,057 |
| Unrestricted restricted net Assets | -$168,607 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | -$168,607 |