Nonprofit · EIN 52-2019014
CAPITAL CONCERTS INC
Tax-exempt · WASHINGTON, DC 20003
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $14,757,127 | $14,707,144 | $49,983 | $6,091,495 | $2,061,549 | $4,029,946 |
| December 31, 2023 | 990 | $14,768,748 | $14,161,521 | $607,227 | $5,189,106 | $1,209,143 | $3,979,963 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $14,580,275
- of which government grants
- $9,409,074
- Program service revenue
- $0
- Investment income
- $129,255
- Royalties
- $47,597
- Other revenue
- $47,597
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $869,564
- Other salaries and wages
- $3,589,233
- Salaries, compensation and benefits (total)
- $5,521,092
- Professional fundraising fees
- $59,050
- Legal fees
- $51,061
- Accounting fees
- $32,154
- Occupancy
- $202,246
- Travel
- $970,664
- Depreciation
- $10,049
- Program services (functional)
- $13,792,980
- Management and general (functional)
- $855,114
- Fundraising (functional)
- $59,050
Balance sheet and other
- Total assets, start of year
- $5,189,106
- Total assets, end of year
- $6,091,495
- Total liabilities, end of year
- $2,061,549
- Net assets, end of year
- $4,029,946
- Land, buildings and equipment
- $27,290
- Net assets without donor restrictions
- $4,029,946
- Gross receipts
- $14,757,127
- Employees
- 300
- Volunteers
- 37
- Year formed
- 1997
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL COLBERT | EXECUTIVE VICE PRESIDENT Trustee or director, Officer | 40 | $275,000 | $279,046 |
| CRAIG D FOUCHT | CHIEF FINANCIAL OFFICER Officer | 40 | $165,132 | $39,028 |
| ANNE MAGINNIS | MANAGING DIRECTOR Highest-paid employee | 40 | $125,817 | $48,226 |
| J CHRISTOPHER KERWIN | TREASURER (NON-VOTING) Officer | 30 | $132,000 | $0 |
| JENNIFER HOWARD | ASSOCIATE PRODUCER Highest-paid employee | 40 | $102,644 | $10,563 |
| NANCY NEUMAN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DR ROBERT HOOVER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DR FRED MILLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL COLBERT | EXECUTIVE VICE PRESIDENT Trustee or director, Officer | 40 | $275,000 | $280,020 |
| CRAIG D FOUCHT | CHIEF FINANCIAL OFFICER Officer | 40 | $157,133 | $34,523 |
| J CHRISTOPHER KERWIN | TREASURER (NON-VOTING) Officer | 30 | $132,000 | $0 |
| NANCY NEUMAN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DR ROBERT HOOVER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DR FRED MILLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 499 S CAPITOL ST SW STE 504, WASHINGTON, DC 20003-4032
- Principal officer (990 for 2024)
- MICHAEL COLBERT, 499 S CAPITOL STREET SW 504, WASHINGTON, DC 20003
- Signed the 990
- J CHRISTOPHER KERWIN, TREASURER
- Phone
- (202) 554-4620
- Website
- WWW.CAPITALCONCERTS.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
TO SEEK CREATIVE SOLUTIONS FOR EDUCATIONAL AND CULTURAL PROBLEMS THROUGH THE USE OF THE ARTS, PUBLIC TELEVISION, AND COLLABORATIVE ACTIVITY BY PROVIDING EDUCATIONAL PROGRAMS AND CULTURAL EVENTS FOR THE COUNTRY.
Program accomplishments
- CREATION AND PRODUCTION OF TWO (2) PUBLIC CONCERTS TELECAST NATIONALLY OVER PUBLIC TELEVISION AND RADIO. THE "NATIONAL MEMORIAL DAY CONCERT" REMEMBERS AND HONORS THOSE WHO HAVE SERVED AND ARE CURRENTLY SERVING IN THE U.S. ARMED FORCES. "A CAPITOL FOURTH," IS A FOURTH OF JULY CONCERT TO CELEBRATE THE NATION'S BIRTH. CONCERTS ARE CONDUCTED ON THE WEST LAWN OF THE U.S. CAPITOL GROUNDS WITH THE NATIONAL SYMPHONY ORCHESTRA AND OTHER NATIONALLY RENOWNED PERFORMERS AND PERSONALITIES.Expenses $13,792,980
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-2019014
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A680)
- Assets (IRS master file)
- $6,091,495
- Income (IRS master file)
- $14,757,127
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $14,757,127 | $14,707,144 | $6,091,495 | IRS |
| 990 | December 2023 | $14,768,748 | $14,161,521 | $5,189,106 | XML |
| 990 | December 2022 | $12,039,539 | $13,873,349 | $4,515,782 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-2019014).
Questions about CAPITAL CONCERTS INC
- What is the EIN of CAPITAL CONCERTS INC?
- The employer identification number (EIN) of CAPITAL CONCERTS INC is 52-2019014.
- Is CAPITAL CONCERTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to CAPITAL CONCERTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAPITAL CONCERTS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CAPITAL CONCERTS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CAPITAL CONCERTS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CAPITAL CONCERTS INC?
- The 990 for the year ended December 31, 2024 names MICHAEL COLBERT.
- Who are the officers and directors of CAPITAL CONCERTS INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 5 received compensation from the organization, the highest $275,000 (MICHAEL COLBERT, EXECUTIVE VICE PRESIDENT).
- How much revenue does CAPITAL CONCERTS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $14,757,127, expenses of $14,707,144 and total assets of $6,091,495 at year end.
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