Civic Intelligence

Tosco Music Parties Inc

EIN 56-2135861 • 501(c)3 • Charlotte, NC

Profile

Our mission is to present a wide variety of music through performances and outreach programs; to foster a sense of community among listeners and performers with a commitment to inclusiveness of participation; and to provide a venue in which professional and amateur musicians can meet, network, insprie, share and contribute to the community. Born from intimate living room jam sessions in charlotte, nc, tosco music parties have grown into popular community concerts where nationally recognized acts share the stage with undiscovered artists, and audience members are invited to sing along throughout the evening. From concerts, senior center performances, and open mic nights, to music scholarships and outreach, tosco music is dedicated to helping the community explore, develop and share their passion for music in all its forms.

4953 Albemarle RdCharlotte, NC 28205

toscomusic.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

89th percentile

0.58x

Higher debt load relative to assets than 89% of similar nonprofits.

NTEE A • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

70th percentile

0.13x

Higher debt load relative to revenue than 70% of similar nonprofits.

NTEE A • $500k-$1M nonprofits • Source year 2025

Net Margin

17th percentile

-20%

Higher net margin than 17% of similar nonprofits.

NTEE A • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

86th percentile

$95,000

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 18.0% of source-year revenue.

NTEE A • $500k-$1M nonprofits • Source year 2025

Asset Growth

7th percentile

-34%

Faster asset growth than 7% of similar nonprofits.

NTEE A • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

22nd percentile

-16%

Faster revenue growth than 22% of similar nonprofits.

NTEE A • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Down

$114,653

Down $57,810 (-34%) from 2024

Liabilities

Up

$66,061

Up $44,952 (+213%) from 2024

Net Assets

Down

$48,592

Down $102,762 (-68%) from 2024

Revenue

Down

$526,725

Down $100,084 (-16%) from 2024

Expenses

Down

$629,591

Down $193,617 (-24%) from 2024

Net Income

Up

-$102,866

Up $93,533 (+48%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2011: $24,630Net Assets 2011: $24,6302011Assets 2012: $6,111Net Assets 2012: $6,1112012Assets 2013: $8,419Liabilities 2013: $8,000Net Assets 2013: $4192013Assets 2014: $34,225Liabilities 2014: $6,000Net Assets 2014: $28,2252014Assets 2015: $94,241Liabilities 2015: $0Net Assets 2015: $94,2412015Assets 2016: $36,408Liabilities 2016: $0Net Assets 2016: $36,4082016Assets 2017: $50,666Liabilities 2017: $2,700Net Assets 2017: $47,9662017Assets 2018: $83,272Liabilities 2018: $5,254Net Assets 2018: $78,0182018Assets 2019: $92,276Liabilities 2019: $6,826Net Assets 2019: $85,4502019Assets 2020: $140,144Liabilities 2020: $11,119Net Assets 2020: $129,0252020Assets 2021: $258,036Liabilities 2021: $38,547Net Assets 2021: $219,4892021Assets 2022: $450,108Liabilities 2022: $10,890Net Assets 2022: $439,2182022Assets 2023: $355,443Liabilities 2023: $8,192Net Assets 2023: $347,2512023Assets 2024: $172,463Liabilities 2024: $21,109Net Assets 2024: $151,3542024Assets 2025: $114,653Liabilities 2025: $66,061Net Assets 2025: $48,5922025

Highlighted filing

2025

Assets$114,653
Liabilities$66,061
Net Assets$48,592

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $57,996Expenses 2011: $54,875Net Income 2011: $3,1212011Revenue 2012: $61,477Expenses 2012: $79,996Net Income 2012: -$18,5192012Revenue 2013: $71,449Expenses 2013: $77,141Net Income 2013: -$5,6922013Revenue 2014: $118,717Expenses 2014: $90,911Net Income 2014: $27,8062014Revenue 2015: $176,541Expenses 2015: $110,525Net Income 2015: $66,0162015Revenue 2016: $117,761Expenses 2016: $175,594Net Income 2016: -$57,8332016Revenue 2017: $212,101Expenses 2017: $200,543Net Income 2017: $11,5582017Revenue 2018: $262,648Expenses 2018: $232,596Net Income 2018: $30,0522018Revenue 2019: $270,398Expenses 2019: $262,966Net Income 2019: $7,4322019Revenue 2020: $260,910Expenses 2020: $217,335Net Income 2020: $43,5752020Revenue 2021: $326,893Expenses 2021: $236,429Net Income 2021: $90,4642021Revenue 2022: $705,564Expenses 2022: $485,835Net Income 2022: $219,7292022Revenue 2023: $625,168Expenses 2023: $717,118Net Income 2023: -$91,9502023Revenue 2024: $626,809Expenses 2024: $823,208Net Income 2024: -$196,3992024Revenue 2025: $526,725Expenses 2025: $629,591Net Income 2025: -$102,8662025

Highlighted filing

2025

Revenue$526,725
Expenses$629,591
Net Income-$102,866

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.15$0.66$0.49$5.27$6.30$1.03
2024Detailed filing. Detailed filing data is available for this year.$1.72$0.21$1.51$6.27$8.23$1.96
2023Detailed filing. Detailed filing data is available for this year.$3.55$0.08$3.47$6.25$7.17$0.92
2022Detailed filing. Detailed filing data is available for this year.$4.50$0.11$4.39$7.06$4.86$2.20
2021Detailed filing. Detailed filing data is available for this year.$2.58$0.39$2.19$3.27$2.36$0.90
2020Detailed filing. Detailed filing data is available for this year.$1.40$0.11$1.29$2.61$2.17$0.44
2019Summary only. Only limited summary data is available for this year.$0.92$0.07$0.85$2.70$2.63$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.83$0.05$0.78$2.63$2.33$0.30
2017Detailed filing. Detailed filing data is available for this year.$0.51$0.03$0.48$2.12$2.01$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$1.18$1.76$0.58
2015Detailed filing. Detailed filing data is available for this year.$0.94$0.00$0.94$1.77$1.11$0.66
2014Detailed filing. Detailed filing data is available for this year.$0.34$0.06$0.28$1.19$0.91$0.28
2013Detailed filing. Detailed filing data is available for this year.$0.08$0.08$0.00$0.71$0.77$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.06$0.61$0.80$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.25$0.58$0.55$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 2, 2026
Return Version
2024v5.0
Gross Receipts
$526,725
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$145,556$98,670▼ $46,886
Accounts Receivable$15,346$11,330▼ $4,016
Inventories for Sale or Use$2,500$2,500→ $0
Prepaid Expenses and Deferred Charges$8,179$1,799▼ $6,380
Land, Buildings, and Equipment, Net$882$354▼ $528
Total Assets$172,463$114,653▼ $57,810
Liabilities
Deferred Revenue$12,500$57,810▲ $45,310
Accounts Payable and Accrued Expenses$8,609$8,251▼ $358
Total Liabilities$21,109$66,061▲ $44,952
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$151,319$48,539▼ $102,780
Net Assets With Donor Restrictions$35$53▲ $18
Total Net Assets Fund Balance$151,354$48,592▼ $102,762
Total Liabilities and Net Assets / Fund Balance$172,463$114,653▼ $57,810

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$354$10,288$10,642
Compensation and Service Providers

Employees

NameTitleBaseTotal
John ToscoExecutive Di$95,000$95,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$266,334
Program Service Revenue
$260,384
Investment Income
$7
Other Revenue
$0
All Other Contributions
$266,334
Change in Net Assets
$-102,866
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$423,849
Salaries, Compensation, and Employee Benefits$201,357
Total Fundraising Expense$14,095
Grants and Similar Amounts Paid$4,385
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$160,116$18,375$7,125$185,616
Office Expenses$62,934$24,274$2,697$89,905
All Other Expenses$58,204--$58,204
Fees for Services Legal$31,471$7,868-$39,339
Fees for Services Other$3,063$24,000-$27,063
Occupancy$17,317$4,329$2,405$24,051
Advertising$18,880$1,986$1,188$22,054
Other Expenses$21,490--$21,490
Payroll Taxes$13,538$1,574$629$15,741
Information Technology$922$6,762-$7,684
Grants to Domestic Individuals$4,385--$4,385
Insurance-$2,514-$2,514
Depreciation Depletion$425$53$51$529
Total Functional Expenses$523,761$91,735$14,095$629,591
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990- organization's mission our mission is to present a wide variety of music through performances and outreach programs; to foster a sense of community among listeners and performers with a commitment to inclusiveness of participation; and to provide a venue in which professional and amateur musicians can meet, network, inspire, share and contribute to the community. Born from intimate living room jam sessions in charlotte, nc, tosco music parties have grown into popular community concerts where nationally recognized acts share the stage with undiscovered artists, and audience members are invited to sing along throughout the evening. From concerts, senior center performances, and open mic nights, to music scholarships and outreach, tosco music is dedicated to helping the community explore, develop and share their passion for music in all its forms. Form 990, part vi, line 11b - organization's process to review form 990 the board of directors directly reviewed the form 990 prior to being filed. Form 990, part vi, line 12c - enforcement of conflicts policy each member of the board of directors are annually required to submit an acknowledgment of the organization's conflict of interest policy, and affirm there are no conflicts of interest, or there are, that it will be reported timely to the whole board. Form 990, part vi, line 15a - compensation process for top official the executive committee of the board of directors serves as the compensation committee. Prior to compensation changes, it reviews local non-profit salary structures, and deliberates the changes in light of the annual budget process. Form 990, part vi, line 19 - governing documents disclosure explanation all governing documents are on file, and available for inspection by the public, at the offices of the organization during normal business hours. Form 990, part xi, line 9 - other changes in net assets explanation book/tax depreciation difference 402

Form 990, Page 6, Part VI, Line 12C

X

Form 990, Page 6, Part VI, Line 15A

X

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Tosco Music Parties Inc
EIN
56-2135861
Phone
7045689685
Address
4953 ALBEMARLE RD, CHARLOTTE, NC 28205

Signing Officer

Name
John Tosco
Title
Executive Director
Phone
7045689685
Signed
2026-01-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Tosco
Formed
1999
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
8

Preparer

Firm
Love Bailey & Associates LLC
Address
111 1/2 E LAURENS ST, LAURENS, SC 29360
Preparer
Gary Bailey
Phone
8649842698
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990- ORGANIZATION'S MISSION OUR MISSION IS TO PRESENT A WIDE VARIETY OF MUSIC THROUGH PERFORMANCES AND OUTREACH PROGRAMS; TO FOSTER A SENSE OF COMMUNITY AMONG LISTENERS AND PERFORMERS WITH A COMMITMENT TO INCLUSIVENESS OF PARTICIPATION; AND TO PROVIDE A VENUE IN WHICH PROFESSIONAL AND AMATEUR MUSICIANS CAN MEET, NETWORK, INSPIRE, SHARE AND CONTRIBUTE TO THE COMMUNITY. BORN FROM INTIMATE LIVING ROOM JAM SESSIONS IN CHARLOTTE, NC, TOSCO MUSIC PARTIES HAVE GROWN INTO POPULAR COMMUNITY CONCERTS WHERE NATIONALLY RECOGNIZED ACTS SHARE THE STAGE WITH UNDISCOVERED ARTISTS, AND AUDIENCE MEMBERS ARE INVITED TO SING ALONG THROUGHOUT THE EVENING. FROM CONCERTS, SENIOR CENTER PERFORMANCES, AND OPEN MIC NIGHTS, TO MUSIC SCHOLARSHIPS AND OUTREACH, TOSCO MUSIC IS DEDICATED TO HELPING THE COMMUNITY EXPLORE, DEVELOP AND SHARE THEIR PASSION FOR MUSIC IN ALL ITS FORMS. FORM 990, PART VI, LINE 11B - ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE BOARD OF DIRECTORS DIRECTLY REVIEWED THE FORM 990 PRIOR TO BEING FILED. FORM 990, PART VI, LINE 12C - ENFORCEMENT OF CONFLICTS POLICY EACH MEMBER OF THE BOARD OF DIRECTORS ARE ANNUALLY REQUIRED TO SUBMIT AN ACKNOWLEDGMENT OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, AND AFFIRM THERE ARE NO CONFLICTS OF INTEREST, OR THERE ARE, THAT IT WILL BE REPORTED TIMELY TO THE WHOLE BOARD. FORM 990, PART VI, LINE 15A - COMPENSATION PROCESS FOR TOP OFFICIAL THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS SERVES AS THE COMPENSATION COMMITTEE. PRIOR TO COMPENSATION CHANGES, IT REVIEWS LOCAL NON-PROFIT SALARY STRUCTURES, AND DELIBERATES THE CHANGES IN LIGHT OF THE ANNUAL BUDGET PROCESS. FORM 990, PART VI, LINE 19 - GOVERNING DOCUMENTS DISCLOSURE EXPLANATION ALL GOVERNING DOCUMENTS ARE ON FILE, AND AVAILABLE FOR INSPECTION BY THE PUBLIC, AT THE OFFICES OF THE ORGANIZATION DURING NORMAL BUSINESS HOURS. FORM 990, PART XI, LINE 9 - OTHER CHANGES IN NET ASSETS EXPLANATION BOOK/TAX DEPRECIATION DIFFERENCE 402
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
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