Jazz Forum Arts Incorporated
- Assets
- $935.7k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 35
- Location
- Tarrytown, NY
- Founding
- 07/1987
- Data as of
- 12/2022
- EIN
- 13-3397823
Organization Overview
Jazz Forum Arts Incorporated is located in Tarrytown, NY. The organization was established in 1987. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Jazz Forum Arts Incorporated employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jazz Forum Arts Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Jazz Forum Arts Incorporated generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 29.5% each year . All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 26.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INCREASE THE PUBLIC'S AWARENESS OF AND APPRECIATION FOR JAZZ.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE ORGANIZATION IS TO PRESENT HIGH QUALITY ARTS EVENTS TO THE PUBLIC FOR LITTLE OR NO COST.
OTHER
JITTERBUGS- A JAZZ PROGRAM FOR PRESCHOOLERS THAT RUNS FOR SIX WEEKS EACH SPRING & FALL. JAZZ FORUM STUDENT ENSEMBLE- A PROGRAM FOR ASPIRING YOUNG MUSCIANS (GRADE 5-12) THAT OFFER MUSIC STUDENTS THE OPPORTUNITY TO BECOME JAZZ IMPRVISORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Morganelli Exec. Direct | OfficerTrustee | 40 | $102,370 |
Ellen Prior Chief Operat | Trustee | 40 | $87,892 |
Robin Bell-Stevens Trustee | Trustee | $0 | |
Neil Benson Trustee | Trustee | $0 | |
Zach Carter Trustee | Trustee | $0 | |
Evan Charkes Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $83,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $390,261 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $473,761 |
| Total Program Service Revenue | $832,189 |
| Investment income | $2,553 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,308,503 |
| 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. | $190,262 |
| Compensation of current officers, directors, key employees. | $125,842 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $304,705 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $65,829 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $64,961 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $43,396 |
| Office expenses | $12,352 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $82,760 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,836 |
| Insurance | $20,704 |
| All other expenses | $77,020 |
| Total functional expenses | $1,316,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,108 |
| Savings and temporary cash investments | $602,397 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,289 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $22,799 |
| Prepaid expenses and deferred charges | $10,069 |
| Net Land, buildings, and equipment | $37,951 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,116 |
| Total assets | $935,729 |
| Accounts payable and accrued expenses | $20,997 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,540 |
| Total liabilities | $58,537 |
| Net assets without donor restrictions | $877,192 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $935,729 |