KNOX CONCERT SERIES INC Charity Report

Tax-exempt status may be revoked

KNOX CONCERT SERIES INC

EIN 23-7123329 · Visual Arts (A40)

What they do

DEDICATED to BRINGING NATIONALLY and INTERNATIONALLY KNOW PERFORMING ARTIST and ENSEMBLES to CALHOUN COUNTY. THE ORGANIZATION EXIST to STIMULATE CULTURAL INTERST and to ENHANCE THE QUALITY of LIFE of THE CITIZENS of THE AREA BY MAKING AVAILABLE, PROFESSIONALLY STAGED PRESENTATIONS. KNOX ALSO PROVIDES EDUCATIONAL OPPORTUNITIES for DIVERSE AUDIENCES IN ORDER to EXPAND THEIR MUSICAL TASTES and KNOWLEDGE.

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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2021The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders8 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

112.97%of revenue went to mission work97.6% of expenses · Program services

$115.69spent for every $100 of revenueSpending was higher than revenue this year.

2.73%of revenue went to management and office costs2.4% of expenses

$2.37in assets for every $1 spent this yearSome assets cannot be spent right away.

22.4%of its money came from giftsOther money may come from services or investments.

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Worth asking: Expenses exceeded revenue by $18,943 this year. Ask whether that was planned or caused by a one-time event.

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Money

Financial picture

Tax year 2021

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$120,716

Mission workProgram services$136,368112.97% of revenue97.6% of expenses

ManagementOffice and general costs$3,2912.73% of revenue2.4% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$139,659115.69% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2021CurrentExpense mix: 97.6% mission · 2.4% management · 0.0% fundraisingTotal expenses: 115.69% of revenue

2020Expense mix: 89.1% mission · 10.9% management · 0.0% fundraisingTotal expenses: 73.91% of revenue

2019Expense mix: 93.1% mission · 6.9% management · 0.0% fundraisingTotal expenses: 69.05% of revenue

2018Expense mix: 94.1% mission · 5.9% management · 0.0% fundraisingTotal expenses: 116.62% of revenue

2017Expense mix: 94.0% mission · 6.0% management · 0.0% fundraisingTotal expenses: 120.20% of revenue

Money in and money out

Revenue$120,716

Expenses$139,659

Annual shortfall $18,943 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$136,368 · 97.6% of expenses

Management and office costs$3,291 · 2.4% of expenses

See all reported dollar amounts

Revenue$120,716

Expenses$139,659

Assets$330,398

Contributions$27,000

Mission work (program services)$136,368

Management and general$3,291

Accounting fees$2,852

People

Leadership and board

Tax year 2021

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (8)

BRETT KEYTREASURER

CHAD JONESCHAIRMAN

DEBBI CLONTSBOARD MEMEBER

ELIZABETH DAVISBOARD MEMEBER

JACKI LOWRYBOARD MEMEBER

JERRY LEAKESECRETARY

JUSTIN MARSHVICE CHAIRMAN

PHILL WEBBPAST CHAIRMAN

About this charity

Recognized since: December 1971
Location: PO BOX 2501, ANNISTON, AL 36202
County: Calhoun
In care of: BRETT KEY
Primary officer: BRETT KEY, TREASURER

How to reach them

WebsiteVisit the charity’s website Phone(256) 235-2553 Officer phone(256) 241-0560

Filing and classification

Latest tax year: 2021
Tax period began: August 1, 2021
Return type: 990
Tax preparer: WARREN AVERETT LLC
NTEE classification: Visual Arts (A40)
IRS tax category: Visual Arts
Revocation date: December 15, 2025