2025-11-14T18:52:11-06:00 2024-12-31 953309779 GURSEY SCHNEIDER LLP 2121 AVENUE OF THE STARS SUITE 1300 LOS ANGELES CA 90067 990EZ 2024-01-01 932745205 COLTRANE HOUSE PHILADELPHIA COLT 2122454580 494 8TH AVENUE 6TH FLOOR NEW YORK NY 10001 MICHAEL B FRISCH DIRECTOR 2122454580 2025-11-10 1 1 ANASTASIA ATAMANCHUK P01806136 3105520960 2024 2025-03-06 01:10:19Z X N/A X X 100000 X 100000 100000 53564 285 9098 62947 37053 -106380 0 -69327 X 0 0 0 106380 69327 -106380 -69327 X RAISE FUNDS FOR THE REHABILITATION OF THE COLTRANE HOUSE IN ORDER TO MAINTAIN THE STRUCTURE AND ENHANCE THE HISTORICAL AND SOCIETAL RELEVANCE OF JOHN & ALICE COLTRANE. COLTRANE HOUSE PHILADELPHIA RAISES FUNDS FOR THE MAINTENANCE OF THE COLTRANE HOUSE FOR DISPLAY TO THE PUBLIC AS AN ONGOING EDUCATION EFFORTS ABOUT JOHN COLTRANE, JAZZ AND THE HISTORIC NEIGHBORHOOD. THE HOUSE IS OWNED BY COLTRANE HOUSE PHILADELPHIA, LLC, A HOLDING ENTITY. TO EFFECTUATE ITS MISSION, THE CHARITY WILL LEASE THE HOUSE FROM COLTRANE HOUSE PHILADELPHIA, LLC, FOR ONE DOLLAR ($1). THE LEASE AGREEMENT CONTAINS PROVISIONS TO PROTECT THE CHARITY'S CHARITABLE MISSION AND ENSURE THAT ITS RENT NEVER APPROACHES FAIR MARKET VALUE. 0 62947 62947 RAVI COLTRANE DIRECTOR 2.00 0 0 0 MICHAEL FRISCH DIRECTOR 6.00 0 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PA GURSEY SCHNEIDER LLP 2121 AVENUE OF THE STARS SUITE 1300 LOS ANGELES CA 90067 3105520960 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 100000 100000 100000 100000 100000 100000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES DESCRIPTION: PROPERTY INSURANCE. AMOUNT: 6,000. DESCRIPTION: INSURANCE - LIABILITY, D AND O. AMOUNT: 3,098. TOTAL TO FORM 990-EZ, LINE 16: 9,098. FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES DESCRIPTION: DUE TO/FROM JOWCOL MUSIC LLC. BEG. OF YEAR AMOUNT: 106,380. END OF YEAR AMOUNT: 69,327. FORM 990-EZ, PART V, LINE 40B BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS. NAME OF INTERESTED PERSON: RAVI COLTRANE RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION: DIRECTOR AMOUNT OF TRANSACTION: $1 DESCRIPTION OF TRANSACTION: COLTRANE HOUSE PHILADELPHIA LEASES THE HISTORIC PROPERTY LOCATED AT 1511 NORTH 33RD STREET, PHILADELPHIA, PA 19121 FROM COLTRANE HOUSE PHILADELPHIA, LLC, A RELATED HOLDING ENTITY, FOR $1 ANNUALLY. THE LEASE RESTRICTS USE OF THE PROPERTY TO CHARITABLE AND EDUCATIONAL PURPOSES, PROHIBITS COMMERCIAL SUBLEASING, AND ENSURES RENT REMAINS WELL BELOW FAIR MARKET VALUE IN PERPETUITY. DURING THE TAX YEAR, THE ORGANIZATION PAID PROPERTY INSURANCE AND REAL ESTATE TAXES NECESSARY TO MAINTAIN THE PROPERTY. THESE PAYMENTS TOTALED LESS THAN THE FAIR MARKET RENTAL VALUE, AND NO EXCESS BENEFIT TRANSACTIONS OCCURRED. THIS BELOW-MARKET LEASE PROVIDES A NET ECONOMIC BENEFIT TO THE ORGANIZATION BY ALLOWING CONTINUED USE OF THE PROPERTY IN SUPPORT OF ITS EXEMPT ACTIVITIES. THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.